financetom
Business
financetom
/
Business
/
Newsom at Brazil's COP30 summit to assure that California is a 'reliable partner' on climate 
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Newsom at Brazil's COP30 summit to assure that California is a 'reliable partner' on climate 
Nov 11, 2025 8:42 AM

*

Newsom set to appear at COP30 climate summit in Belem

*

California's economy is key in influencing global energy

policy

*

Newsom criticizes U.S. climate rollback while praising

California's green tech efforts

By Valerie Volcovici

BELEM, Brazil, Nov 11 (Reuters) - California Governor

Gavin Newsom has arrived in the Amazon city of Belem with a

message for the COP30 summit: his state will continue to be a

"reliable partner" on climate policy and green technology

despite Washington's abandonment of the effort.

A strident political foe of U.S. President Donald Trump, Newsom

has for months been teasing a run for the White House in 2028.

On Tuesday and Wednesday, he is expected to meet with officials

from some of the 195 governments attending this year's U.N.

climate negotiations.

He has planned meetings with a series of subnational

leaders, including the governor of Brazil's state of Para, the

location of the summit.

Though California is just one of 50 U.S. states, its economy

is the world's fourth-largest - making it a key player in

influencing markets and energy policy.

"The reason I'm here is in the absence of leadership coming

from the United States," he said at an investors summit in

Brazil's financial hub of Sao Paulo on Monday. "This vacuum,

it's rather jaw-dropping."

Newsom has touted California's embrace of green tech,

highlighting that the state has seven times more renewable

energy jobs than fossil fuel jobs and reminding people that EV

giant Tesla was founded in California. This is in sharp

contrast to Washington's climate denial and determination to

boost global use of polluting fossil fuels.

Newsom also lamented the U.S. rollback on clean energy

policy as ceding the fast-growing green-tech market to China.

"China gets it," Newsom told investors. "United States is

toast competitively if we don't wake up to what the hell they're

doing in this space, on supply chains, how they're dominating

manufacturing, how they're flooding the zone here, EU,

elsewhere, Africa."

China not only dominates the markets for electric vehicles,

renewable energy components and batteries, he said, but it also

leads in software while U.S. automakers like General Motors ( GM )

are "trying to recreate the 19th century," Newsom said.

GM recently slowed its production of EVs.

The United States has conspicuously snubbed this year's

COP30 summit, with Trump falsely declaring climate change a

hoax.

Some diplomats worried that Trump's Republican administration

might try to disrupt the summit from afar.

Newsom, a Democrat, said last month that he is mulling a

presidential run in 2028. He has started to parrot Trump's brash

style of messaging on social media.

Last week, California voters backed his proposal to redraw the

state's voting districts to offset redistricting in other states

aimed at boosting the number of congressional seats held by

Republicans.

Newsom told investors in Sao Paulo that Trump was emulating

Russia and Saudi Arabia in turning the United States into a

"petro state" and embracing Chinese-style "state capitalism"

over the free market. He criticized Trump's aggressive tariff

policies as "madness from an investment perspective."

"I feel like it's modeled a little bit on President Xi, not

President Reagan. The hell's going on?" he said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
McDonald's: International Markets Are 'Loving It'
McDonald's: International Markets Are 'Loving It'
Nov 5, 2025
On Wednesday, McDonald’s Corporation reported solid global comparable sales (comps) and loyalty momentum in the third quarter. However, it experienced slower underlying growth, and a decline in company-operated restaurant sales weighed on the results. MCD shares are trending higher. Get the market research here The shares of the fast-food giant gained premarket on Wednesday after the firm reported third-quarter adjusted earnings...
GE Aerospace, Shield AI to Collaborate on Propulsion Technologies for X-BAT Vehicle Program
GE Aerospace, Shield AI to Collaborate on Propulsion Technologies for X-BAT Vehicle Program
Nov 5, 2025
09:55 AM EST, 11/05/2025 (MT Newswires) -- GE Aerospace (GE) said Wednesday it has agreed to collaborate with Shield AI on propulsion technologies for Shield AI's X-BAT vehicle program. Financial details of the collaboration weren't disclosed. Under a memorandum of understanding, GE Aerospace's F110 engine has been picked to power the X-BAT, GE Aerospace said, adding it will also provide...
Air Canada expects higher labor costs, record number of new planes in 2026
Air Canada expects higher labor costs, record number of new planes in 2026
Nov 5, 2025
Nov 5 (Reuters) - Air Canada ( ACDVF ) is set to wrestle with higher labor costs and sluggish U.S. leisure travel in 2026, as the country's largest carrier plans to bring 35 new planes into its fleet, company executives told analysts on Wednesday. Canada's largest carrier reported late on Tuesday a lower third-quarter profit, after striking cabin crew forced...
American Electric Power, Quanta Services Collaborate to Support Grid Investment Plan
American Electric Power, Quanta Services Collaborate to Support Grid Investment Plan
Nov 5, 2025
09:54 AM EST, 11/05/2025 (MT Newswires) -- American Electric Power ( AEP ) said Wednesday that it has signed long-term agreements with Quanta Services ( PWR ) intended to position American Electric to carry out its previously announced $72 billion capital plan and strengthen the US electric grid. The collaboration includes a Cooperation and Commitment Agreement for jointly designing, engineering,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved