Trump withdraws U.S. from Paris climate agreement sparking tension with oil companies

President Trump has withdrawn the U.S. from the Paris climate agreement, a move that has created tension with major oil companies. They believe this decision limits U.S. influence in global energy transitions and creates regulatory challenges. While oil companies support increased domestic energy production, they prefer U.S. participation in international climate discussions. Industry representatives argue that withdrawal could lead to policy uncertainty and complicate long-term investment strategies in clean energy technologies. Despite the withdrawal, U.S. oil companies are still investing in solutions to address climate change. They emphasize the importance of being part of global climate conversations to maintain leadership in energy production and emissions reductions.