When General Electric CEO Jeff Immelt criticized President Donald Trump's climate policy on Wednesday, he made his industrial behemoth the latest American company to push back on the young administration.
In a widely reported note to employees, Immelt said that Trump's executive order to start rolling back Obama-era fossil-fuel regulations "doesn't change what GE believes" — that climate change is real and "should be addressed on a global basis." Companies should "adjust to political volatility" and "have their own 'foreign policy,'" he wrote.
While many American executives hope for a better operating environment during Trump's presidency, largely based on proposed corporate tax cuts or planned regulatory easing, their optimism has not stopped them from pushing back against the White House. Some companies are taking chances to rebut the president, even though the threat of a very public Twitter attack from Trump always looms.