Insight

Paris Climate Accord

The accord could affect the economic and social circumstances of farmers, ranchers, and small town residents whose lives are connected with the large deposits of fossil fuels in North Dakota, Montana, and Wyoming.

Paris Climate Accord
MS

Mark L. Stermitz

September 5, 2017 02:15 PM

For the rural residents of the upper Great Plains in the U.S., it is ironic that negotiations on the Paris Climate Accord (or Treaty) emphasized financial and other assistance to developing or poorer nations.

While various factors, including lifestyle, make the U.S. the world’s second largest carbon emitter, the accord could affect the economic and social circumstances of farmers, ranchers, and small town residents whose lives are connected with the large deposits of fossil fuels in North Dakota, Montana, and Wyoming.

North Dakota is the second largest crude oil producer in the U.S., with about one-fifth of the nation’s 100 largest oil fields. The single largest known deposit in the world of lignite coal is also found there. Wyoming also produces large amounts of coal, natural gas, and crude oil. It has more producing federal oil and natural gas leases than any other state. Montana is similar, with an estimated one-fourth of the U.S. coal reserves and major deposits of crude oil and natural gas. In these states, the direct and indirect economic benefits generated by increased production of fossil fuels is immediately felt, as are the negative impacts of scaling back.

Nevertheless, even with this demonstrable interest in any regime that could influence coal, oil, and gas production (as well as renewable resources, in which these same states are quite active), exiting the accord received a welcome but mostly muted reaction. The global market is the most relevant influence, for example, supported by large energy companies that support the accord for purposes of strategic predictability. Conceivably, a consistent and sustained message of accord non-participation could be felt in the global market, and in turn, impact production in the coal and oil fields of Montana, North Dakota, and Wyoming.

Related Articles

Paris Agreement on Climate Change: Overview and Update


by Beatriz Paulo de Frontin and Márcio Pereira

An overview of the Paris Climate Agreement.

Paris Agreement Climate Change

U.S. Withdrawal from the Paris Agreement


by Violaine du Pontavice

What will be the future for the world’s climate issue?

U.S. Withdrawal Paris Agreement

2020 Vision


by Sean Devlin

What Does Corporate Environmental Concern Look Like in 2020?

Best Lawyers Ones to Watch Canada Legal Insights

Going Global


by Joseph K. Reinhart, Esq. and Meredith Odato Graham, Esq.

Expanding the scope of environmental review for the energy sector.

Environmental Review

9 Ways Lawyers Are Addressing Climate Change Through Environmental Law


by Best Lawyers

To combat climate change and protect depleting resources, Best Lawyers assesses how lawyers play a pivotal role in addressing ongoing environmental problems.

Animated sky polluted with smoke

ESG Changing Texas’ Legal Landscape


by Gregory Sirico

Best Lawyers breaks down the growing industry trend of ESG standards and how its altering the field of law in the state of Texas.

Texas’ Ever Changing Legal Landscape

A Climate Duty


by Lara Douvartzidis and Samantha Daly

Converging trends in Australia and the Netherlands: reasonable foreseeability in climate change law and other novel developments.

Climate Change Law in Australia

Great Rebuild


by Best Lawyers

Néstor Méndez discusses labor peace, junk-bond repercussions, and the laudable resilience of those who call this storm-battered island home.

An Interview With Pietrantoni Méndez & Alvare

Turning Down the Heat


by Janice Zhou

What sort of legal and legislative action is necessary to help put Pennsylvania on the front lines of the battle against climate change?

Depleting Natural Resources in Pennsylvania

Easy Being Green


by Best Lawyers

Markus Deutsch discusses the impact of climate change on the firm and its clients.

An Interview With Dolde Mayen & Partner

Impact of Climate Change on Real Estate Law


by Best Lawyers

Dr. Christian Schede discusses rent in large cities, the effect of Airbnb, and more.

An Interview With Greenberg Traurig

The Generals’ Next War


by Alison Torbitt and Gayatri Joshi

Businesses’ Sense of Corporate Social Responsibility Is Increasingly Driving Long-Term Growth. Here’s How General Counsel Can Best Confront CSR’s Numerous Challenges and Opportunities.

The Generals’ Next War

Hotter and More Intense


by Lori Tripoli

Multiple Category 5 hurricanes. Drought. Wildfires. Climate change isn’t just damaging the environment and our health. It’s impacting the bottom line.

Climate Change

A Better Bottom Line


by Margaret Pierce

How Benefit Corporations are leading the charge to save the world.

A Better Bottom Line

Trending Articles

Presenting The Best Lawyers in Australia™ 2025


by Best Lawyers

Best Lawyers is proud to present The Best Lawyers in Australia for 2025, marking the 17th consecutive year of Best Lawyers awards in Australia.

Australia flag over outline of country

Legal Distinction on Display: 15th Edition of The Best Lawyers in France™


by Best Lawyers

The industry’s best lawyers and firms working in France are revealed in the newly released, comprehensive the 15th Edition of The Best Lawyers in France™.

French flag in front of country's outline

How To Find A Pro Bono Lawyer


by Best Lawyers

Best Lawyers dives into the vital role pro bono lawyers play in ensuring access to justice for all and the transformative impact they have on communities.

Hands joined around a table with phone, paper, pen and glasses

How Palworld Is Testing the Limits of Nintendo’s Legal Power


by Gregory Sirico

Many are calling the new game Palworld “Pokémon GO with guns,” noting the games striking similarities. Experts speculate how Nintendo could take legal action.

Animated figures with guns stand on top of creatures

Announcing The Best Lawyers in New Zealand™ 2025 Awards


by Best Lawyers

Best Lawyers is announcing the 16th edition of The Best Lawyers in New Zealand for 2025, including individual Best Lawyers and "Lawyer of the Year" awards.

New Zealand flag over image of country outline

Announcing the 13th Edition of Best Lawyers Rankings in the United Kingdom


by Best Lawyers

Best Lawyers is proud to announce the newest edition of legal rankings in the United Kingdom, marking the 13th consecutive edition of awards in the country.

British flag in front of country's outline

Announcing The Best Lawyers in Japan™ 2025


by Best Lawyers

For a milestone 15th edition, Best Lawyers is proud to announce The Best Lawyers in Japan.

Japan flag over outline of country

The Best Lawyers in Singapore™ 2025 Edition


by Best Lawyers

For 2025, Best Lawyers presents the most esteemed awards for lawyers and law firms in Singapore.

Singapore flag over outline of country

Announcing the 16th Edition of the Best Lawyers in Germany Rankings


by Best Lawyers

Best Lawyers announces the 16th edition of The Best Lawyers in Germany™, featuring a unique set of rankings that highlights Germany's top legal talent.

German flag in front of country's outline

How Much Is a Lawyer Consultation Fee?


by Best Lawyers

Best Lawyers breaks down the key differences between consultation and retainer fees when hiring an attorney, a crucial first step in the legal process.

Client consulting with lawyer wearing a suit

Celebrating Excellence in Law: 11th Edition of Best Lawyers in Italy™


by Best Lawyers

Best Lawyers announces the 11th edition of The Best Lawyers in Italy™, which features an elite list of awards showcasing Italy's current legal talent.

Italian flag in front of country's outline

Presenting the 2024 Best Lawyers Employment and Workers’ Compensation Legal Guide


by Best Lawyers

The 2024 Best Lawyers Employment and Workers' Compensation Legal Guide provides exclusive access to all Best Lawyers awards in related practice areas. Read below and explore the legal guide.

Illustration of several men and women in shades of orange and teal

Things to Do Before a Car Accident Happens to You


by Ellie Shaffer

In a car accident, certain things are beyond the point of no return, while some are well within an individual's control. Here's how to stay legally prepared.

Car dashcam recording street ahead

Combating Nuclear Verdicts: Empirically Supported Strategies to Deflate the Effects of Anchoring Bias


by Sloan L. Abernathy

Sometimes a verdict can be the difference between amicability and nuclear level developments. But what is anchoring bias and how can strategy combat this?

Lawyer speaking in courtroom with crowd and judge in the foreground

The Push and Pitfalls of New York’s Attempt to Expand Wrongful Death Recovery


by Elizabeth M. Midgley and V. Christopher Potenza

The New York State Legislature recently went about updating certain wrongful death provisions and how they can be carried out in the future. Here's the latest.

Red tape blocking off a section of street

Attacked From All Sides: What Is Happening in the World of Restrictive Covenants?


by Christine Bestor Townsend

One employment lawyer explains how companies can navigate challenges of federal and state governmental scrutiny on restrictive covenant agreements.

Illustration of two men pulling on string with blue door between them