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Industry Focus

Energy: Trump Turns Off the Lights On Paris

Industry Focus

The Motley Fool

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4.6854 Ratings

🗓️ 1 June 2017

⏱️ 22 minutes

🧾️ Download transcript

Summary

Donald Trump is likely to pull the US out of the Paris Climate Agreement – here’s what it means.

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Transcript

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0:00.0

Thanks to Bom-Fell for supporting Industry Focus.

0:03.0

Bomfell is an online personal styling service for men that helps them find the right clothes for you.

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Get $25 off for your first purchase at bombfell.com forward slash fool.

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That's B-O-M-B-F-E-L-D-L-D-L-G-L-G-O-O-O-O-O-O-T-O-O-T-O-T-O-T-O-T-O-T-O-T-O-T-O-T-O-T-O-T-O-T-O-O-O-O-O-T-O-O-O-O-O-O-O-O industry focus, the podcast that dies, new a different sector of the stock market every day.

0:24.3

Today is Thursday, June 1st, 2017, so we're talking about energy, materials, and industrials.

0:30.1

I am our host, Sean O'Reilly, and to my left is one of the best analysts in the business

0:33.4

Mr Taylor Markerman what's up sir thank you very much to take a poll on Twitter

0:38.2

no I looked around the office and I was like I hope he's good at his job I don't know he's against they they did make

0:46.1

him the co-manager of Fool Canada is a relative new service up-and-coming guy yeah

0:51.9

deductive reasoning yeah it may be a leap, but I also built you up

0:57.8

simultaneously so. I like it. Appreciate it.

0:59.8

If I was hosting I'd do the same for you. Oh, what a guy, thank you.

1:04.0

So on today's show, we're diving into General Electric's busy week

1:08.0

and the first signs of production declines in the Permian Basin,

1:11.0

although it's not quite what you would think.

1:14.0

But first, we've got to talk about the big energy policy news of the week.

1:20.0

Donald Trump is likely to withdraw the United States from the Paris Climate Agreement.

1:27.0

Trump has called the Pact a bad deal for the United States and made withdrawing from a key component

1:31.6

of his campaign when he ran for president.

1:34.9

At an April rally, about two months ago I guess, he called the agreement one-sided and said

1:39.7

the United States pays billions to basically be in compliance with the agreement while China, Russia,

1:46.0

India, any country you can think of. They sign the agreement but they're not doing anything

...

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