President Trump announced on June 1st that the United States would withdraw from the Paris climate agreement, thus fulfilling a major campaign promise but raising concerns around the globe about efforts to curb climate change, as well as concerns by U.S. corporates about the significant potential for missed economic opportunity.
On January 17th, 2017, government officials and business leaders from over 70 countries assembled in Davos, Switzerland for the World Economic Forum. During the four-day meeting, the participants discussed a host of exigent global issues. Klaus Schwab, Chairman of the World Economic Forum, introduced this year’s theme, “Responsive and responsible leadership,” and emphasized the importance of having leaders who can help the public navigate the rapidly changing world during the Fourth Industrial Revolution, or the current digital transformation. Among the key topics addressed was energy, specifically in the context of climate change, energy security, and the global economy.