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🔦 Navigate COP30 unmissable events with our Insider's Guide
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🗞️ Driving the news: At COP30 in Belém, California Governor Gavin Newsom emerged as the most prominent U.S. political figure present, using his platform to warn both global leaders and American businesses: the current climate retreat under the Trump Administration is temporary — and companies betting against regulation are taking a major risk
🔭 The context: With Washington absent from COP30, Newsom positioned U.S. states and cities as alternative climate leaders, highlighting California’s regulations and clean-tech investment drive
• Newsom criticized the federal pullback from climate action, calling it “doubling down on stupid”
• He signaled that regulation will return, and companies walking away from decarbonization now may face abrupt policy reversals after 2028
• Corporate America has not disappeared from climate spaces — executives from Google, Microsoft, McDonald’s, ExxonMobil, PepsiCo, Mastercard and others were active in Brazil — but many firms have softened, delayed, or politically hedged their climate strategies
• Newsom specifically called out General Motors and other automakers scaling back EV investments, accusing them of having their “heads in the sand”
🌍 Why it matters for the planet: The U.S. is the world’s second-largest emitter, and sustained progress is impossible if companies pull back from climate action
• Newsom’s message underscores a critical truth: policy swings create global uncertainty, slowing investment in renewables and climate innovation
• His warning suggests that firms embracing short-term fossil strategies today could hinder the U.S.’s long-term climate credibility — and eventually face tougher regulation once political winds shift
⏭️ What’s next: Newsom is widely seen as a leading contender for the 2028 Democratic presidential nomination, raising the stakes of his message to industry
• U.S. companies must prepare for policy whiplash, with climate regulation likely to tighten again under a future administration
• As COP30 continues, Newsom will keep positioning California as a counterweight to federal climate rollback, and as a long-term partner for global climate cooperation
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