The CEO of Unilever, Paul Polman believes that Trump’s decision to withdraw from the Paris climate treaty may well speed up the implementation of environmental policies, according to a report published by CNBC.

The head honcho of the FMCG major claimed in an interview with CNBC that the outcry following Trump’s decision has spurred on governments and businesses alike to ‘accelerate the pace of implementation’.

“At the governmental level, we see an increased momentum. We saw that coming in from the G6, we saw it in Brussels last week when the Chinese and the Europeans met. So at the political level, which is very difficult, we see momentum,” Polman told CNBC.

Polman also noted that shares in fossil fuel firms fell following Trump’s announcement, and that oil companies such as Exxon had called for the US to remain in the accord, with several CEOs of major companies, including Apple and Tesla, pulling out of the US President’s business advisory council following the decision. “Over 70 percent of the business community overwhelmingly wanted to stay in Paris,” Polman said in the CNBC interview.