1
00:00:00,040 --> 00:00:02,200
Speaker 1: So let's dive right in. We've seen a flurry of

2
00:00:02,240 --> 00:00:05,400
Speaker 1: announcements at this COP since we started last week that

3
00:00:05,480 --> 00:00:11,040
Speaker 1: you've been involved in. There was methane, methane, methane lost,

4
00:00:11,080 --> 00:00:14,480
Speaker 1: and damage more than fifty dollars in new funding. But

5
00:00:14,600 --> 00:00:18,079
Speaker 1: now we're in the hard yards of COP negotiations. You

6
00:00:18,239 --> 00:00:21,400
Speaker 1: said to Politico yesterday that the bottom line is that

7
00:00:21,480 --> 00:00:23,919
Speaker 1: this COP needs to be committed to phasing out all

8
00:00:24,000 --> 00:00:28,280
Speaker 1: unabated fossil fuels in the final text. Last night, Saudi

9
00:00:28,280 --> 00:00:31,240
Speaker 1: Arabia's oil minister told Bloomberg in an interview that his

10
00:00:31,320 --> 00:00:33,919
Speaker 1: culture will not support any language around a phase down

11
00:00:33,960 --> 00:00:37,360
Speaker 1: of fossil fuels. Does that make you worried that real

12
00:00:37,400 --> 00:00:40,720
Speaker 1: ambition will get stymied at this COP by fossil fuel interests.

13
00:00:42,159 --> 00:00:45,720
Speaker 2: No, But let me begin first. First of all, John

14
00:00:45,800 --> 00:00:47,040
Speaker 2: is great to be with you, and thank you, and

15
00:00:47,080 --> 00:00:51,400
Speaker 2: thank you to Bloomberg and to Mike particularly for his

16
00:00:51,600 --> 00:00:55,040
Speaker 2: incredible commitment to this and what he's been able to

17
00:00:55,040 --> 00:01:01,760
Speaker 2: do in a lot of fields, including getting rid of

18
00:01:02,080 --> 00:01:05,600
Speaker 2: literally more than five hundred coal plants in our country.

19
00:01:06,000 --> 00:01:10,960
Speaker 2: And that's pretty significant, and we're doing pretty well. Not understanding,

20
00:01:12,680 --> 00:01:15,320
Speaker 2: but I want to begin just to underscore to everybody

21
00:01:15,360 --> 00:01:24,759
Speaker 2: because it's so critical. This moment is not just another moment.

22
00:01:24,880 --> 00:01:31,120
Speaker 2: It's not inconsequential. It's not it can't be business as

23
00:01:31,200 --> 00:01:36,160
Speaker 2: usual in any regard the dangers that we are facing, folks.

24
00:01:36,360 --> 00:01:40,200
Speaker 2: And I am not an alarmist. I think most people know.

25
00:01:40,240 --> 00:01:44,600
Speaker 2: I've been pretty practical and trying to find solutions to challenges.

26
00:01:45,560 --> 00:01:50,520
Speaker 2: But the dangers we face now are just monumental and

27
00:01:50,600 --> 00:01:55,000
Speaker 2: even scary. And scientists are saying that the best scientists

28
00:01:55,040 --> 00:01:59,720
Speaker 2: in the world are saying what we face now is alarming, terrifying.

29
00:02:00,280 --> 00:02:05,320
Speaker 2: These are quotes, and even we are in uncharted territory. Now,

30
00:02:05,400 --> 00:02:08,760
Speaker 2: let me just say to you, it was seventy degrees

31
00:02:08,840 --> 00:02:12,800
Speaker 2: fahrenheit above normal in the Arctic last summer. It was

32
00:02:12,840 --> 00:02:17,280
Speaker 2: one hundred degrees fahrenheit above normal in the Antarctic, and

33
00:02:17,360 --> 00:02:19,760
Speaker 2: a massive ice sheet that has been tied up for

34
00:02:20,480 --> 00:02:23,680
Speaker 2: whatever thousands of years because it was so big and

35
00:02:23,760 --> 00:02:28,560
Speaker 2: heavy it was stuck in the mud has now disappeared enough,

36
00:02:29,120 --> 00:02:31,840
Speaker 2: melted enough that it floated. You know, it's no longer stuck.

37
00:02:31,880 --> 00:02:34,200
Speaker 2: It's moving out towards Georgia Island. It's going to melt

38
00:02:35,280 --> 00:02:38,040
Speaker 2: just like eighty six million metric tons of ice every

39
00:02:38,040 --> 00:02:41,359
Speaker 2: single day in the in the Greenland. So we got

40
00:02:41,400 --> 00:02:44,000
Speaker 2: to really decide are we serious? Are we fooling around

41
00:02:44,160 --> 00:02:48,880
Speaker 2: with an existential issue? Existential hear that are of the

42
00:02:48,919 --> 00:02:53,320
Speaker 2: mouths of sober politicians who are not playing politics, who

43
00:02:53,560 --> 00:02:57,440
Speaker 2: really understand what's going on. So I do that as

44
00:02:57,440 --> 00:03:00,680
Speaker 2: a preface because it has to be the guyideline, the

45
00:03:00,720 --> 00:03:04,440
Speaker 2: guidepost for everything we're thinking about and choosing to do.

46
00:03:05,320 --> 00:03:07,560
Speaker 2: And the fact is, you know, missions are going up

47
00:03:07,639 --> 00:03:14,760
Speaker 2: into many places, and what science says is IPCC twenty eighteen.

48
00:03:14,880 --> 00:03:17,800
Speaker 2: They could not have been more clear you They pointed

49
00:03:17,800 --> 00:03:20,680
Speaker 2: the finger at all the people in positions of responsibility.

50
00:03:20,800 --> 00:03:25,200
Speaker 2: You have twelve years within which to make the decisions

51
00:03:25,280 --> 00:03:29,560
Speaker 2: and implement them. Obviously, that will avoid the worst consequences

52
00:03:29,600 --> 00:03:35,640
Speaker 2: of the climate crisis. That's science, mathematics, physics, and we're

53
00:03:35,640 --> 00:03:39,560
Speaker 2: ignoring it into many parts of the world, and so

54
00:03:39,680 --> 00:03:43,280
Speaker 2: we're inviting the worst consequences. And we see what's happening.

55
00:03:43,360 --> 00:03:48,200
Speaker 2: Eighteen one billion dollar events in the US climate events

56
00:03:48,280 --> 00:03:52,240
Speaker 2: last year, eighteen one billion separate events. What Meanwhile, thirty

57
00:03:52,280 --> 00:03:56,320
Speaker 2: million people displaced in Pakistan, record fires and grease and

58
00:03:56,440 --> 00:03:58,520
Speaker 2: parts of the world. Come on, when do we get

59
00:03:58,600 --> 00:04:02,480
Speaker 2: sort of really focused on this? And by the way,

60
00:04:02,520 --> 00:04:05,120
Speaker 2: and I just I'll be very quick. This is not

61
00:04:05,400 --> 00:04:09,200
Speaker 2: asking people to sacrifice. For God's sakes. We're not suggesting

62
00:04:09,280 --> 00:04:12,760
Speaker 2: that in this transition to the new energy economy, a

63
00:04:12,800 --> 00:04:16,159
Speaker 2: clean energy economy life, you're gonna have to give up something.

64
00:04:16,200 --> 00:04:19,240
Speaker 2: On the contrary, eight million people are dying every year

65
00:04:19,240 --> 00:04:23,400
Speaker 2: around this planet from the bad air. It's pollution, folks,

66
00:04:24,040 --> 00:04:30,440
Speaker 2: it's poison. And so you know. And yesterday or day

67
00:04:30,440 --> 00:04:34,000
Speaker 2: before I figure which they blend together. We had a

68
00:04:34,040 --> 00:04:37,600
Speaker 2: session on health. First ever session of health, the interconnection

69
00:04:37,720 --> 00:04:42,279
Speaker 2: between health and climate. Largest cause of children being hospitalized

70
00:04:42,320 --> 00:04:47,320
Speaker 2: in America every summer is environmentally induced asthma. We spend

71
00:04:47,600 --> 00:04:50,520
Speaker 2: fifty five sixty billion a year on that, for God's sakes.

72
00:04:51,040 --> 00:04:54,919
Speaker 2: So I'll come into your promise, but I just want everybody.

73
00:04:54,440 --> 00:04:57,240
Speaker 1: We are here now. I think you've laid the table out.

74
00:04:57,160 --> 00:04:58,600
Speaker 2: Very very well. Okay, here it is.

75
00:04:58,720 --> 00:05:02,000
Speaker 1: Yeah, come in to the We will not support what

76
00:05:02,040 --> 00:05:03,800
Speaker 1: they said is they'll not support.

77
00:05:03,600 --> 00:05:07,320
Speaker 2: An actual phase out. But I'm not here to excuse.

78
00:05:07,320 --> 00:05:09,520
Speaker 2: I don't look. He can speak for himself, and he

79
00:05:09,560 --> 00:05:13,359
Speaker 2: did yesterday. What we are for the United States has said,

80
00:05:13,920 --> 00:05:15,920
Speaker 2: and we set it in the G seven and all

81
00:05:16,040 --> 00:05:20,559
Speaker 2: G seven members voted for this, that we are for

82
00:05:21,240 --> 00:05:28,039
Speaker 2: the phase out of all unovated fossil fuel unovated Why

83
00:05:28,160 --> 00:05:30,800
Speaker 2: because the science says you have to reduce the emissions.

84
00:05:32,040 --> 00:05:34,720
Speaker 2: And how can we be reducing the emissions if we're

85
00:05:34,760 --> 00:05:38,239
Speaker 2: building a whole new set of coal fired power plants

86
00:05:38,279 --> 00:05:40,640
Speaker 2: so forth, and they are in Asia, five hundred and

87
00:05:40,640 --> 00:05:45,560
Speaker 2: fifty gigawatts of coal power is backed up in the

88
00:05:45,600 --> 00:05:48,719
Speaker 2: line for construction and permitting. So we're saying, don't permit.

89
00:05:49,560 --> 00:05:52,000
Speaker 2: And does that mean somebody's got to take a haircut? Yep?

90
00:05:52,720 --> 00:05:54,360
Speaker 2: Does that mean we've got to come up with some

91
00:05:54,440 --> 00:05:57,800
Speaker 2: kind of measurement of how we're going to manage these things. Yeah,

92
00:05:57,839 --> 00:06:00,440
Speaker 2: And it's not irrational what I'm saying. What is it

93
00:06:00,560 --> 00:06:05,719
Speaker 2: rational is permitting an unabated coal fired power plant, which

94
00:06:05,760 --> 00:06:08,640
Speaker 2: wipes out all the games of other countries who are

95
00:06:08,839 --> 00:06:11,880
Speaker 2: trying to do renewables and trying to do the hydrogen

96
00:06:11,880 --> 00:06:13,039
Speaker 2: a whole bunch of different things.

97
00:06:13,080 --> 00:06:16,919
Speaker 1: So are you worried about a blocking coalition here? No,

98
00:06:17,120 --> 00:06:21,520
Speaker 1: at this because you have the saudis all very worried

99
00:06:21,520 --> 00:06:23,160
Speaker 1: about this language wrong, phasing down.

100
00:06:23,680 --> 00:06:27,120
Speaker 2: We've worked very closely with everybody, and we're working with

101
00:06:27,240 --> 00:06:29,640
Speaker 2: them right now. There's a reason we were able to

102
00:06:29,680 --> 00:06:37,520
Speaker 2: get a new fund for climate impact response, and that

103
00:06:37,720 --> 00:06:41,119
Speaker 2: is that we worked all summer with Transition Committee meeting.

104
00:06:42,279 --> 00:06:44,960
Speaker 2: We pushed in even had won several weeks ago, to

105
00:06:45,000 --> 00:06:47,640
Speaker 2: try to resolve at the fifth Committee meeting, and we

106
00:06:47,680 --> 00:06:50,240
Speaker 2: came to an agreement on the framework that we needed

107
00:06:50,279 --> 00:06:53,119
Speaker 2: to make this happen. And think about it, one hundred

108
00:06:53,120 --> 00:06:57,040
Speaker 2: and ninety five countries came to an agreement on this

109
00:06:57,080 --> 00:07:01,480
Speaker 2: new fund with the modalities we supported it. I even

110
00:07:01,560 --> 00:07:04,359
Speaker 2: pushed in charml shake that we would not just do

111
00:07:04,440 --> 00:07:06,719
Speaker 2: it two years from now, which is what was perfectly

112
00:07:06,720 --> 00:07:09,520
Speaker 2: agreeable to people. But I said, no, you know, if

113
00:07:09,520 --> 00:07:11,640
Speaker 2: this is really urgent, we should do it next year,

114
00:07:11,840 --> 00:07:15,680
Speaker 2: not wait, not make the developing world think that we're

115
00:07:15,680 --> 00:07:18,080
Speaker 2: not serious by just pushing it off. So we did it.

116
00:07:18,880 --> 00:07:22,520
Speaker 2: Never has a cop ever passed on the first day anything,

117
00:07:22,840 --> 00:07:26,320
Speaker 2: let alone something that was fairly controversial. We did. And

118
00:07:26,360 --> 00:07:29,840
Speaker 2: in addition to that, we've had the first ever health day,

119
00:07:29,880 --> 00:07:34,880
Speaker 2: we've had the first ever gender day. There's women absolutely,

120
00:07:34,880 --> 00:07:38,440
Speaker 2: inevitably most parts of the world are the biggest victims

121
00:07:38,440 --> 00:07:40,840
Speaker 2: of the climate crisis because they do, you know, the

122
00:07:42,320 --> 00:07:46,320
Speaker 2: care taking of the family, getting the food, building the

123
00:07:46,640 --> 00:07:49,520
Speaker 2: you know, finding some means of cooking the food, and

124
00:07:49,560 --> 00:07:52,600
Speaker 2: so forth. And they are also the most vulnerable in

125
00:07:52,640 --> 00:07:54,960
Speaker 2: the sense that when there is a crisis, they're the

126
00:07:55,000 --> 00:07:56,720
Speaker 2: ones who usually pay the highest.

127
00:07:56,720 --> 00:07:58,720
Speaker 1: If I could dry keep back one last time to

128
00:07:58,800 --> 00:08:01,520
Speaker 1: the question, so drag me out, But so are you

129
00:08:01,600 --> 00:08:04,840
Speaker 1: confident that we will get phasing out unabated fossil.

130
00:08:04,520 --> 00:08:07,040
Speaker 2: Fil I don't know. I'm I'm saying what it will be.

131
00:08:07,760 --> 00:08:10,120
Speaker 2: I'm saying we will find a way to do something

132
00:08:10,160 --> 00:08:16,560
Speaker 2: that I think is realistic and finds the appropriate terminology

133
00:08:17,040 --> 00:08:21,240
Speaker 2: and framework within which to be able to do our job.

134
00:08:21,560 --> 00:08:23,320
Speaker 1: The other point that the Saudis and others make is

135
00:08:23,360 --> 00:08:26,680
Speaker 1: about hypocrisy. They're being called on to do more, and

136
00:08:26,760 --> 00:08:28,480
Speaker 1: yet they would point out that, I think right now

137
00:08:28,520 --> 00:08:30,960
Speaker 1: the US is producing a record amount of oil itself,

138
00:08:31,360 --> 00:08:33,600
Speaker 1: just as you're making these calls, isn't it time for

139
00:08:33,679 --> 00:08:35,680
Speaker 1: the US to walk the walk on this as well?

140
00:08:35,880 --> 00:08:38,200
Speaker 2: Well? We are walking the walk on the contrary. President

141
00:08:38,240 --> 00:08:40,920
Speaker 2: Biden has done more than any other president in history,

142
00:08:41,760 --> 00:08:47,000
Speaker 2: and he got the IRA passed, and the IRA was

143
00:08:47,040 --> 00:08:49,720
Speaker 2: three hundred and sixty nine billion dollars of tax incentive.

144
00:08:50,240 --> 00:08:53,280
Speaker 2: But because it doesn't have a ceiling, it has a floor.

145
00:08:54,360 --> 00:08:58,320
Speaker 2: We've probably got about a trillion already and it's moving

146
00:08:58,360 --> 00:09:01,280
Speaker 2: like crazy. And there's more money venture capital one point

147
00:09:01,280 --> 00:09:06,520
Speaker 2: seven trillion moving into that sector than we ever imagined.

148
00:09:06,960 --> 00:09:11,280
Speaker 2: So we're seeing a lot going on. I'm actually really encouraged,

149
00:09:11,320 --> 00:09:15,160
Speaker 2: to be truthful with you, I think that there's just

150
00:09:15,240 --> 00:09:17,680
Speaker 2: a change of spirit. Actually, there's a change of spirit

151
00:09:17,800 --> 00:09:20,199
Speaker 2: in this COP. And I've been to COP since nineteen

152
00:09:20,320 --> 00:09:23,640
Speaker 2: ninety two when we created the framework of the UN

153
00:09:23,679 --> 00:09:27,160
Speaker 2: Convention in Rio, and I can tell you I've never

154
00:09:27,160 --> 00:09:30,640
Speaker 2: seen one that's more ambitious, that's pulling as many different

155
00:09:32,320 --> 00:09:36,520
Speaker 2: threads of how we respond together. So we have a

156
00:09:36,600 --> 00:09:40,959
Speaker 2: shipping challenge. Let's just share with you we have. Well,

157
00:09:41,000 --> 00:09:42,959
Speaker 2: first of all, we had sunny lands. We spent four

158
00:09:43,040 --> 00:09:45,160
Speaker 2: days with the Chinese. We came up with an agreement

159
00:09:45,200 --> 00:09:49,000
Speaker 2: with the Chinese that all greenhouse gases will be contained

160
00:09:49,000 --> 00:09:52,240
Speaker 2: in NDCs. Now going forward, that's a big deal because

161
00:09:52,240 --> 00:09:56,199
Speaker 2: even China didn't even include their NDC. In addition, we

162
00:09:56,240 --> 00:09:59,920
Speaker 2: agreed that we will both accelerate the deployment of renewable

163
00:10:00,120 --> 00:10:03,959
Speaker 2: with a specific view to having a deployment of additional

164
00:10:05,120 --> 00:10:08,760
Speaker 2: to reducing emissions in the twenty twenties, which is a

165
00:10:08,800 --> 00:10:13,199
Speaker 2: real move for China to accelerate. We have a methane

166
00:10:13,280 --> 00:10:16,440
Speaker 2: summit just the other day. We expected to probably raise

167
00:10:16,440 --> 00:10:20,200
Speaker 2: about two hundred minion in order to help countries reduce

168
00:10:20,200 --> 00:10:24,680
Speaker 2: their methane. Over a billion dollars on the table, real money.

169
00:10:25,200 --> 00:10:29,080
Speaker 2: We got six oil and gas companies who have committed

170
00:10:29,080 --> 00:10:31,560
Speaker 2: that they're going to do twenty five million each in

171
00:10:31,640 --> 00:10:35,560
Speaker 2: order to specifically help countries to be able to change.

172
00:10:35,600 --> 00:10:43,080
Speaker 2: So Turkmenistan, Kazakhstan which joined the methane pledge, We had Angola, Kenya, Romania,

173
00:10:43,960 --> 00:10:47,320
Speaker 2: Kosovo all joined the pledge. So we're up at about

174
00:10:47,320 --> 00:10:49,680
Speaker 2: one hundred and fifty five countries now that it pledged

175
00:10:49,720 --> 00:10:52,920
Speaker 2: to do thirty percent reduction globally of methane by twenty thirty.

176
00:10:53,080 --> 00:10:55,640
Speaker 2: Pretty damn good, and we're on train. You know, we're moving.

177
00:10:56,679 --> 00:10:59,600
Speaker 2: We also have a new ability through satellites to trace

178
00:11:00,240 --> 00:11:05,040
Speaker 2: the footprints and any of you you know, represent big

179
00:11:05,080 --> 00:11:10,040
Speaker 2: time international corporations with footprints around the world. You can run,

180
00:11:10,040 --> 00:11:15,360
Speaker 2: but you can't hide. Now there's going to be an

181
00:11:15,400 --> 00:11:18,239
Speaker 2: ability to trace every hour and a half that satellites

182
00:11:18,280 --> 00:11:20,720
Speaker 2: go around the planet, and they're going to be beating

183
00:11:20,760 --> 00:11:25,920
Speaker 2: in on that. We can pinpoint methane leaks in various

184
00:11:25,960 --> 00:11:28,160
Speaker 2: parts of the world, and we will, and we'll name

185
00:11:28,200 --> 00:11:30,400
Speaker 2: and shame, and we'll be pushing like crazy to be

186
00:11:30,559 --> 00:11:33,800
Speaker 2: out there getting this transition now. But there are whole

187
00:11:33,800 --> 00:11:35,280
Speaker 2: bunch of other things that have happened here.

188
00:11:35,559 --> 00:11:37,440
Speaker 1: Can I just push you on the sunny lands point?

189
00:11:37,520 --> 00:11:41,240
Speaker 1: So that was obviously we saw this side by side

190
00:11:41,240 --> 00:11:44,880
Speaker 1: announcements from China and the US pledging greater cooperation and

191
00:11:44,960 --> 00:11:47,040
Speaker 1: yet at the same time they continue to build cold plants.

192
00:11:47,080 --> 00:11:51,640
Speaker 1: Does not sort of highlight the frustrations of the contradictions

193
00:11:51,679 --> 00:11:55,480
Speaker 1: of climate diplomacy. Say one thing here and we pledge,

194
00:11:55,559 --> 00:11:57,360
Speaker 1: we make these noises here, and yet.

195
00:11:57,200 --> 00:12:01,200
Speaker 2: When well, it highlights a difficulty, not the contrary. It

196
00:12:01,240 --> 00:12:07,760
Speaker 2: also highlights the complications of the realities of the marketplace.

197
00:12:08,800 --> 00:12:11,200
Speaker 2: We are blessed, yes, we are the largest oil and

198
00:12:11,200 --> 00:12:14,240
Speaker 2: gas producer in the world, the US, but we're also

199
00:12:15,040 --> 00:12:19,240
Speaker 2: living out a legitimate track to keep one point five

200
00:12:19,240 --> 00:12:24,320
Speaker 2: degrees alive. Yeah, there's a slight bleep up and I

201
00:12:24,360 --> 00:12:28,079
Speaker 2: don't like it, but I understand it. And this is

202
00:12:28,160 --> 00:12:32,040
Speaker 2: just reflection of demand, massive demand, and we can't just

203
00:12:32,120 --> 00:12:34,560
Speaker 2: come at this from the supply side. We've also got

204
00:12:34,559 --> 00:12:36,800
Speaker 2: to come at it on the demand side. So IRA

205
00:12:37,160 --> 00:12:40,480
Speaker 2: is a demand signal massive and it's having an impact,

206
00:12:40,960 --> 00:12:43,959
Speaker 2: and there are other demand signals that the ia FA

207
00:12:44,040 --> 00:12:47,080
Speaker 2: Tibiroling Company have come out with an analysis that they

208
00:12:47,160 --> 00:12:52,959
Speaker 2: say they have detected an earlier peak in global demand

209
00:12:53,000 --> 00:12:55,920
Speaker 2: on fossil fuels and they foresee it somewhere in the

210
00:12:55,960 --> 00:12:59,040
Speaker 2: next couple of years because of the rapid rate of

211
00:12:59,080 --> 00:13:03,160
Speaker 2: electric vehicles deployment and also the rapid rate of renewable deployment,

212
00:13:03,679 --> 00:13:05,800
Speaker 2: so the demand is already. They're saying, this is a

213
00:13:05,880 --> 00:13:09,320
Speaker 2: terminal decline, by the way, terminal. So if I'm an

214
00:13:09,320 --> 00:13:11,440
Speaker 2: analyst on Wall Street, I'm going to look a little

215
00:13:11,440 --> 00:13:14,920
Speaker 2: differently at gas companies for the long haul here, and

216
00:13:14,960 --> 00:13:19,360
Speaker 2: that will accelerate things. Also, jobs, job growth in the

217
00:13:19,440 --> 00:13:23,320
Speaker 2: United States greater in renewable sector than in fossil fuel,

218
00:13:23,880 --> 00:13:26,280
Speaker 2: and many of the people in fossil fuel are finding

219
00:13:26,280 --> 00:13:29,920
Speaker 2: it very easy to transition into these other disciplines because

220
00:13:30,320 --> 00:13:33,560
Speaker 2: they have a skill sets extraction and so forth. So

221
00:13:34,679 --> 00:13:37,240
Speaker 2: I think we're just living in a very new world here,

222
00:13:37,280 --> 00:13:41,240
Speaker 2: and I think here's the problem. And I'm not everybody knows.

223
00:13:41,320 --> 00:13:45,640
Speaker 2: I'm not an apologist for China. I don't think there

224
00:13:45,679 --> 00:13:50,920
Speaker 2: is one in the United States right now. But it's

225
00:13:51,080 --> 00:13:55,880
Speaker 2: a fact China only head coal and nuclear. They're building

226
00:13:55,920 --> 00:14:01,600
Speaker 2: twenty two nuclear plants. They are also building, manufacturing, and

227
00:14:01,640 --> 00:14:05,599
Speaker 2: deploying more renewables than all the other countries in the

228
00:14:05,640 --> 00:14:09,640
Speaker 2: world put together. And it's conceivable that China will have

229
00:14:09,760 --> 00:14:13,240
Speaker 2: upwards of three thousand gigawatts of new renewable power by

230
00:14:13,280 --> 00:14:17,840
Speaker 2: twenty thirty. So you've got to look at this realistically. Yeah,

231
00:14:17,920 --> 00:14:20,440
Speaker 2: they have these coal plants there, but they insist that

232
00:14:20,440 --> 00:14:23,640
Speaker 2: they're going to They're the minimal backup for base load.

233
00:14:23,920 --> 00:14:25,960
Speaker 2: They're the minimal back They want to find out, how

234
00:14:26,000 --> 00:14:29,320
Speaker 2: can we do better job dealing with our grid? How

235
00:14:29,360 --> 00:14:32,080
Speaker 2: do we integrate the grid? AI will play a role

236
00:14:32,120 --> 00:14:35,400
Speaker 2: in this, but boy, we have all the tools, folks

237
00:14:36,680 --> 00:14:38,920
Speaker 2: that people are working on now. I just went up

238
00:14:38,920 --> 00:14:42,720
Speaker 2: to Commonwealth Fusion in Massachusetts the other day and it's

239
00:14:42,760 --> 00:14:46,000
Speaker 2: really exciting what's happening there. And by twenty twenty eight

240
00:14:46,120 --> 00:14:49,240
Speaker 2: or twenty nine, they're going to be producing enough heat

241
00:14:49,280 --> 00:14:56,160
Speaker 2: and in an incipient commercial manner that their next round

242
00:14:56,640 --> 00:14:59,880
Speaker 2: already they're looking at the build out beyond that will

243
00:14:59,880 --> 00:15:05,160
Speaker 2: be a real commercial enterprise infusion. That could be the game.

244
00:15:05,200 --> 00:15:07,480
Speaker 2: I mean, it could be a huge game changer. And

245
00:15:07,520 --> 00:15:11,400
Speaker 2: there are about ten different places companies that are chasing.

246
00:15:11,440 --> 00:15:15,000
Speaker 2: There's two or three of them are probably the most realistic,

247
00:15:15,120 --> 00:15:16,400
Speaker 2: and we'll see where it goes.

248
00:15:16,640 --> 00:15:18,480
Speaker 1: Just getting back to US oil, one of the most

249
00:15:18,760 --> 00:15:21,400
Speaker 1: notable things about this comp is how fossil fueld companies

250
00:15:21,440 --> 00:15:25,080
Speaker 1: have been involved. I think more than fifty private and

251
00:15:25,160 --> 00:15:27,840
Speaker 1: state owned fossil field companies signed the methane pleasure And

252
00:15:27,920 --> 00:15:32,440
Speaker 1: yet you know, we saw that Chevron and Exon are

253
00:15:32,440 --> 00:15:35,360
Speaker 1: not paying into the ground funds meant to help state

254
00:15:35,440 --> 00:15:38,880
Speaker 1: run oil companies cut their methanemissions. Do you think oil

255
00:15:39,240 --> 00:15:42,480
Speaker 1: American oil and gas companies have now gotten religion on

256
00:15:42,600 --> 00:15:45,760
Speaker 1: that zero Well, if they've gotten now on that road

257
00:15:45,800 --> 00:15:49,640
Speaker 1: with you.

258
00:15:47,880 --> 00:15:51,560
Speaker 2: Not all of them know, regrettably, But let me be fair,

259
00:15:51,680 --> 00:15:56,320
Speaker 2: I want to be very fair. Exeon Mobile is working

260
00:15:56,320 --> 00:16:00,440
Speaker 2: with us on a plan. They have to do an

261
00:16:00,440 --> 00:16:05,120
Speaker 2: in kind effort with on the ground training and working

262
00:16:05,120 --> 00:16:07,560
Speaker 2: with people and being able to be helpful and methane.

263
00:16:07,640 --> 00:16:09,960
Speaker 2: So they clearly are in a different you know, they're

264
00:16:10,000 --> 00:16:16,360
Speaker 2: they're they're moving differently than than Chevron, and we're hoping

265
00:16:16,360 --> 00:16:18,560
Speaker 2: to close that out in the next hours, if not

266
00:16:18,640 --> 00:16:21,440
Speaker 2: a couple of days, but and then work we'll work

267
00:16:21,480 --> 00:16:24,480
Speaker 2: with the World Bank and have a manner of being

268
00:16:24,520 --> 00:16:26,960
Speaker 2: really hopefully affective. What more can Chevron do? You beg

269
00:16:27,000 --> 00:16:32,800
Speaker 2: your pardon, what more Chevron do? Everything got to be

270
00:16:32,840 --> 00:16:40,640
Speaker 2: more well, I very respectfully would just say that you

271
00:16:40,720 --> 00:16:44,400
Speaker 2: can't be outside of this initiative, and we have no

272
00:16:44,800 --> 00:16:49,800
Speaker 2: real evidence that the Day and a lot of others

273
00:16:50,400 --> 00:16:54,480
Speaker 2: are doing what every company needs to do Scope one,

274
00:16:54,560 --> 00:16:59,680
Speaker 2: scope to methane by twenty three. This is what companies

275
00:16:59,720 --> 00:17:05,080
Speaker 2: signed up for it. By the way, in the initiative,

276
00:17:05,480 --> 00:17:07,600
Speaker 2: I'm not sure who it came from, Sony or somebody,

277
00:17:07,640 --> 00:17:10,840
Speaker 2: but anyway, it was announced that there is this global

278
00:17:11,160 --> 00:17:16,040
Speaker 2: Decarbonization Alliance and these companies have come together and look,

279
00:17:16,080 --> 00:17:19,800
Speaker 2: it's not insignificant. You know, a lot of criticism is

280
00:17:19,840 --> 00:17:23,520
Speaker 2: in level at the UE, but the fact is that

281
00:17:24,760 --> 00:17:27,720
Speaker 2: this is the first time ever that those companies have

282
00:17:27,760 --> 00:17:30,760
Speaker 2: come to the table at a cop and what they've

283
00:17:30,760 --> 00:17:34,159
Speaker 2: agreed to do is not enough in my judgment, but

284
00:17:35,359 --> 00:17:37,280
Speaker 2: I'd rather have them doing it than not doing it.

285
00:17:37,800 --> 00:17:40,760
Speaker 2: And that is a pledge to do net zero twenty fifty,

286
00:17:41,240 --> 00:17:45,040
Speaker 2: a pledge to do scope one and two by twenty thirty,

287
00:17:45,320 --> 00:17:48,360
Speaker 2: a pledge to do all methane by twenty thirty, which

288
00:17:48,400 --> 00:17:51,359
Speaker 2: is really important for us, and to raise their cap

289
00:17:51,600 --> 00:17:56,960
Speaker 2: x unrenewables, and to a couple of other things. But

290
00:17:57,520 --> 00:18:05,080
Speaker 2: bottom line is we need well, look, we've got to

291
00:18:05,160 --> 00:18:08,400
Speaker 2: be honest here with each other, everybody, and that requires

292
00:18:08,440 --> 00:18:11,960
Speaker 2: the old gas companies to equally be to be as

293
00:18:12,040 --> 00:18:17,600
Speaker 2: equally honest with us. The evidence is overwhelming. There is

294
00:18:17,680 --> 00:18:21,560
Speaker 2: no doubt about science. And that is why I say

295
00:18:22,160 --> 00:18:27,439
Speaker 2: it is inexcusable. There's no reason to be permitting unabated

296
00:18:27,520 --> 00:18:31,520
Speaker 2: efforts at this point. This is an urgency, folks, and

297
00:18:31,600 --> 00:18:34,400
Speaker 2: so we need that we get them to stop flaring.

298
00:18:35,080 --> 00:18:37,320
Speaker 2: We got a whole bunch of flaring down in Texas.

299
00:18:38,160 --> 00:18:40,520
Speaker 2: Not only is it a stupid thing to do because

300
00:18:40,560 --> 00:18:44,080
Speaker 2: you're wasting gas that you could be selling, but it's

301
00:18:44,400 --> 00:18:49,639
Speaker 2: dangerous and damaging to the atmosphere. Methane, folks, is eighty

302
00:18:49,960 --> 00:18:54,439
Speaker 2: to one hundred times more destructive than CO two in

303
00:18:54,480 --> 00:18:59,960
Speaker 2: its early years of exposure, and when it just leaks

304
00:19:00,080 --> 00:19:02,760
Speaker 2: as methane, when you burn it, you get CO two.

305
00:19:03,440 --> 00:19:08,719
Speaker 2: But when it's leaking and you're flaring, it just is

306
00:19:08,760 --> 00:19:11,919
Speaker 2: not helpful. Iraq is one of the big flarers in

307
00:19:11,920 --> 00:19:13,879
Speaker 2: the world. But they've agreed to try to work at this.

308
00:19:14,040 --> 00:19:17,240
Speaker 2: We're sending people in to help them do it and

309
00:19:17,840 --> 00:19:21,639
Speaker 2: getting rid of those things. Dealing with methane, folks, is

310
00:19:21,680 --> 00:19:25,480
Speaker 2: not high tech. It's not complicated. It's basic plumbing. You know,

311
00:19:25,640 --> 00:19:29,760
Speaker 2: tighten the screws, put in a new joint in your connectors.

312
00:19:29,840 --> 00:19:38,959
Speaker 2: And it's also the single fastest, biggest, easiest, least expensive

313
00:19:39,240 --> 00:19:43,320
Speaker 2: gain on holding the temperature at one point five degrees.

314
00:19:43,720 --> 00:19:47,800
Speaker 2: So if you do the methane pledge, you're actually notching

315
00:19:47,800 --> 00:19:53,280
Speaker 2: about point one degrees maybe point two of cooling actually

316
00:19:53,320 --> 00:19:56,920
Speaker 2: of keeping you know, the planet less warm. So that's

317
00:19:56,960 --> 00:19:59,199
Speaker 2: another reason to want to do it. And you ask me,

318
00:19:59,720 --> 00:20:01,520
Speaker 2: you know, where are some of these other companies. They're

319
00:20:01,520 --> 00:20:03,640
Speaker 2: not doing that, they ought to be doing that, they

320
00:20:03,640 --> 00:20:07,159
Speaker 2: ought to be leading the charge not to mention that

321
00:20:07,240 --> 00:20:10,320
Speaker 2: there's only one simple reason we are in the predicament.

322
00:20:10,359 --> 00:20:14,720
Speaker 2: We are in no rocket science needed, no new algorithm,

323
00:20:14,960 --> 00:20:21,040
Speaker 2: no mathematician genius. This is happening because we burn fossil

324
00:20:21,280 --> 00:20:26,680
Speaker 2: fuel unabatedly in the world and that's what's doing this.

325
00:20:30,720 --> 00:20:32,439
Speaker 1: So in the time we have left, I'd like to

326
00:20:32,480 --> 00:20:36,879
Speaker 1: talk about the future. So you can feel American leadership

327
00:20:37,080 --> 00:20:39,760
Speaker 1: at this you know, at this comp we've made progress.

328
00:20:40,359 --> 00:20:42,639
Speaker 1: But hanging over all of this, of course, is the

329
00:20:42,640 --> 00:20:45,000
Speaker 1: prospect of Donald Trump coming back into the White House

330
00:20:45,040 --> 00:20:45,399
Speaker 1: next year.

331
00:20:46,040 --> 00:20:50,040
Speaker 2: Hangover. I don't pig shelfa.

332
00:20:51,240 --> 00:20:57,399
Speaker 1: That's a journalistic license. If he gets in the prospect

333
00:20:57,520 --> 00:21:00,320
Speaker 1: there's that is that there's this possibly that of this

334
00:21:00,359 --> 00:21:03,600
Speaker 1: could be for naught. So that makes perhaps an awkward

335
00:21:03,640 --> 00:21:06,840
Speaker 1: and difficult question. How good is the word of the

336
00:21:06,920 --> 00:21:09,240
Speaker 1: United States or the international stage at this point.

337
00:21:09,240 --> 00:21:12,000
Speaker 2: I think it's one hundred percent good, and I think

338
00:21:12,840 --> 00:21:17,199
Speaker 2: that that nightmares prospect. I'm not allowed to comment on politics, actually,

339
00:21:17,560 --> 00:21:18,080
Speaker 2: so I should.

340
00:21:18,960 --> 00:21:22,520
Speaker 1: Well, I'm not stopping you. I'm sure the room would

341
00:21:22,520 --> 00:21:24,040
Speaker 1: love to hear your thoughts.

342
00:21:24,160 --> 00:21:31,479
Speaker 2: My body language was enough of a folks. No, I

343
00:21:31,520 --> 00:21:35,679
Speaker 2: am not worried. Honestly, could could he or someone else

344
00:21:36,480 --> 00:21:39,000
Speaker 2: who doesn't want to listen to the science, who doesn't

345
00:21:39,040 --> 00:21:41,760
Speaker 2: read about it and doesn't care about the facts have

346
00:21:41,840 --> 00:21:45,680
Speaker 2: an impact. Sure, but they're not going to turn this way.

347
00:21:45,680 --> 00:21:48,600
Speaker 2: They're not going to stop this, I will say to you,

348
00:21:48,960 --> 00:21:51,359
Speaker 2: They're not going to stop what is happening. On a

349
00:21:51,359 --> 00:21:55,720
Speaker 2: global basis. This economic transformation is going to be the

350
00:21:55,720 --> 00:21:59,560
Speaker 2: biggest transformation in human history, where it's bigger by far

351
00:21:59,680 --> 00:22:03,320
Speaker 2: than the Industrial Revolution, and it is going to happen.

352
00:22:03,840 --> 00:22:06,879
Speaker 2: I have no question whether we're going to get to

353
00:22:06,960 --> 00:22:11,360
Speaker 2: a low carbon, no carbon economy globally. I just don't

354
00:22:11,440 --> 00:22:13,159
Speaker 2: know if we're going to get there in time to

355
00:22:13,240 --> 00:22:16,840
Speaker 2: avoid the worst consequences I warned about earlier. That's the issue.

356
00:22:17,320 --> 00:22:19,840
Speaker 2: That's why we have to accelerate everything. We know we

357
00:22:19,880 --> 00:22:23,520
Speaker 2: can do it, folks. The IA tells us that if

358
00:22:23,520 --> 00:22:28,200
Speaker 2: we just deployed more renewables between now and twenty thirty,

359
00:22:28,320 --> 00:22:31,800
Speaker 2: we can meet our twenty thirty goals just with renewables.

360
00:22:31,960 --> 00:22:35,119
Speaker 2: I mean, my god, Germany is getting up above fifty

361
00:22:35,160 --> 00:22:39,680
Speaker 2: percent renewable. Other countries are at eighty percent, seventy percent,

362
00:22:39,760 --> 00:22:43,280
Speaker 2: and they're not having problems balancing their energy supply. Their

363
00:22:43,280 --> 00:22:46,520
Speaker 2: baseload is fine. And there are ways to be able

364
00:22:46,560 --> 00:22:50,119
Speaker 2: to do that. You know, regionally, and globally if you

365
00:22:50,160 --> 00:22:55,160
Speaker 2: can connect grids, which we can do. I mean France

366
00:22:55,440 --> 00:23:02,000
Speaker 2: sends Germany nuclear power, Norway sends Germany and other parts

367
00:23:02,040 --> 00:23:05,480
Speaker 2: of Europe gas with pipeline, and we can do these things.

368
00:23:05,520 --> 00:23:07,720
Speaker 2: We can connect these things, but we have to work

369
00:23:07,760 --> 00:23:10,960
Speaker 2: at it in a really authoritative way. But look, Ford

370
00:23:11,000 --> 00:23:13,720
Speaker 2: Motor Company, General Motors, they're both part of our first

371
00:23:13,760 --> 00:23:16,919
Speaker 2: Mover's Coalition. By the way, we created a coalition now

372
00:23:17,320 --> 00:23:20,840
Speaker 2: of more about one hundred companies, biggest best companies in

373
00:23:20,840 --> 00:23:23,080
Speaker 2: the world as far as I'm concerned, and you've got

374
00:23:23,080 --> 00:23:30,679
Speaker 2: Google and Apple and Microsoft and Salesforce and FedEx for

375
00:23:31,680 --> 00:23:36,719
Speaker 2: General Motors run the list, Boeing, United Airlines, big companies, MasterCard,

376
00:23:36,800 --> 00:23:41,080
Speaker 2: big companies with big interests, and their CEOs are smart

377
00:23:41,119 --> 00:23:44,040
Speaker 2: and they've made smart decisions, and they're out there out front.

378
00:23:44,359 --> 00:23:48,320
Speaker 2: They're buying green now to accelerate the message to the

379
00:23:48,359 --> 00:23:53,800
Speaker 2: marketplace that you can do it. So Volvo, Ford General

380
00:23:53,880 --> 00:23:56,200
Speaker 2: Motors are buying ten percent of the steel that they

381
00:23:56,240 --> 00:24:00,960
Speaker 2: buy for manufacturing their cars is green steel. Lafarre's wholesome

382
00:24:01,040 --> 00:24:04,240
Speaker 2: largest cement maker in the world making green cement. People

383
00:24:04,320 --> 00:24:06,360
Speaker 2: are buying it not because it's green, but because it's

384
00:24:06,359 --> 00:24:09,480
Speaker 2: really better and I can run the list of these things.

385
00:24:10,160 --> 00:24:12,680
Speaker 1: If I'm an oil company, you're criticizing some of the

386
00:24:12,720 --> 00:24:15,200
Speaker 1: oil companies, Is there not a risk that you know

387
00:24:15,760 --> 00:24:17,880
Speaker 1: I'll hear that criticism? I don't think to What's all

388
00:24:17,880 --> 00:24:19,840
Speaker 1: I need to do is wait this out for another year.

389
00:24:20,359 --> 00:24:22,080
Speaker 1: I'm the other guy or the other party. We'll be

390
00:24:22,080 --> 00:24:24,000
Speaker 1: back in. I can just humor them and don't need

391
00:24:24,040 --> 00:24:24,520
Speaker 1: to do anything.

392
00:24:24,520 --> 00:24:26,200
Speaker 2: But I'm what I'm saying to here, you're missing or

393
00:24:26,240 --> 00:24:28,640
Speaker 2: I'm not being articulate enough, and I need to say more.

394
00:24:30,080 --> 00:24:33,160
Speaker 2: I don't believe that will happen. And the point I'm

395
00:24:33,200 --> 00:24:36,879
Speaker 2: making is if the CEOs of Ford and Joel Motis

396
00:24:36,880 --> 00:24:40,679
Speaker 2: and Volkswagen and Hyundai and Toyota and Mercedes and BMW

397
00:24:40,720 --> 00:24:44,440
Speaker 2: and blah blah, if they've all decided to spend billions

398
00:24:44,480 --> 00:24:49,000
Speaker 2: of dollars retooling their plants in order to make electric cars,

399
00:24:49,520 --> 00:24:52,080
Speaker 2: you think they're suddenly going to decide because some politician

400
00:24:52,280 --> 00:24:54,560
Speaker 2: Washington are somewhere says I don't like what we're doing.

401
00:24:54,720 --> 00:24:56,359
Speaker 2: You think they're going to suddenly go, oh, let's go

402
00:24:56,400 --> 00:25:00,040
Speaker 2: back and make internal combustion engine cars. Not on your life,

403
00:25:00,080 --> 00:25:02,320
Speaker 2: and every one of you here knows that there's no

404
00:25:02,440 --> 00:25:06,240
Speaker 2: going back. People are putting billions now. We have one

405
00:25:06,240 --> 00:25:09,359
Speaker 2: point seven trillion dollars of venture capital moving into this sector.

406
00:25:09,680 --> 00:25:13,120
Speaker 2: We're making headway and bringing the price of hydrogen down. Ammonia,

407
00:25:13,200 --> 00:25:15,320
Speaker 2: we have a first ammonia ship is in here in

408
00:25:15,720 --> 00:25:19,680
Speaker 2: port in Dubai. Fortescue Andrew Forrest has brought this ship

409
00:25:19,760 --> 00:25:22,240
Speaker 2: of proving you can run them on. Think. I just

410
00:25:22,320 --> 00:25:24,440
Speaker 2: met the other day with the Prime Minister of Norway.

411
00:25:24,560 --> 00:25:26,800
Speaker 2: He and I joined together to lead thing called the

412
00:25:26,920 --> 00:25:32,040
Speaker 2: Shipping Challenge, Green Shipping Challenge. We have Yara, Marisk and MSc,

413
00:25:32,840 --> 00:25:36,000
Speaker 2: all of whom have committed to buy and build or

414
00:25:36,080 --> 00:25:41,000
Speaker 2: lease carbon free ships because of the IMO decision which

415
00:25:41,040 --> 00:25:44,080
Speaker 2: we all worked on creating this summer, which has raised

416
00:25:44,119 --> 00:25:48,720
Speaker 2: the raised the requirements for shipping. We're going to see

417
00:25:48,760 --> 00:25:52,840
Speaker 2: a complete turnover in the world's shipping fleet in the

418
00:25:52,880 --> 00:25:57,760
Speaker 2: next twenty years. That's incredible because shipping, if there were

419
00:25:58,000 --> 00:26:00,960
Speaker 2: a country on its own, would be the eighth largest

420
00:26:00,960 --> 00:26:04,160
Speaker 2: emitter in the world. So we're chopping away here, we're

421
00:26:04,240 --> 00:26:07,720
Speaker 2: chopping away there, and I'm telling you these countries aren't

422
00:26:07,720 --> 00:26:13,080
Speaker 2: gonna stop even when Donald Trump was president, seventy five

423
00:26:13,119 --> 00:26:15,440
Speaker 2: percent of the new electricity in the United States of

424
00:26:15,480 --> 00:26:19,639
Speaker 2: America came exclusively from renewables. Obviously he didn't know it,

425
00:26:19,760 --> 00:26:22,720
Speaker 2: or he would have stopped that or tried to. But

426
00:26:23,600 --> 00:26:29,600
Speaker 2: that's the reality, folks. It's happening. Governors, Republican governors, Democrats,

427
00:26:29,600 --> 00:26:32,800
Speaker 2: they're coming together. They work together, mayors all across America.

428
00:26:32,840 --> 00:26:35,000
Speaker 2: More than a thousand mayors that committed to this. So

429
00:26:35,119 --> 00:26:37,320
Speaker 2: even though Trump pulled out of the I'm proud to

430
00:26:37,359 --> 00:26:39,520
Speaker 2: say this, even though Donald Trump pulled out of the

431
00:26:39,560 --> 00:26:43,679
Speaker 2: Paris Agreement, the American people did not. We stayed in it,

432
00:26:44,000 --> 00:26:45,760
Speaker 2: and that's why we were able to come back.

433
00:26:50,560 --> 00:26:52,439
Speaker 1: So unfortunately, we are nearly out of time. But I

434
00:26:52,440 --> 00:26:56,000
Speaker 1: have one final question for you. You might like It'll

435
00:26:56,040 --> 00:26:57,280
Speaker 1: be you will be eighty next week.

436
00:26:57,840 --> 00:26:59,639
Speaker 2: I noticed God name you already.

437
00:27:02,320 --> 00:27:07,919
Speaker 1: This is a grueling and bruising business. Do you have

438
00:27:08,200 --> 00:27:09,840
Speaker 1: still of a stomach for the fight? Where we see

439
00:27:09,840 --> 00:27:11,680
Speaker 1: you at the next comp next year wherever that.

440
00:27:11,600 --> 00:27:13,400
Speaker 2: Is, Well, you see me at the next cop I'm

441
00:27:13,440 --> 00:27:15,399
Speaker 2: not sure what I'll be doing in this job. I

442
00:27:15,400 --> 00:27:21,199
Speaker 2: should say I have no idea. Honestly, I will be

443
00:27:21,520 --> 00:27:24,440
Speaker 2: engaged in this effort until we win the fight and

444
00:27:24,520 --> 00:27:28,000
Speaker 2: I have my last breath period one way or the other.

445
00:27:28,600 --> 00:27:30,600
Speaker 2: The private sector, I might add to all of you,

446
00:27:30,680 --> 00:27:32,680
Speaker 2: I think what you guys are doing, what's happening in

447
00:27:32,720 --> 00:27:37,440
Speaker 2: the private sector, is really exciting. No government has enough

448
00:27:37,480 --> 00:27:41,280
Speaker 2: money to do this. Let me be clear. When I

449
00:27:41,400 --> 00:27:43,520
Speaker 2: left as Secretary of State, it was just clear as

450
00:27:43,520 --> 00:27:45,480
Speaker 2: hell to me because I was traveling the world and

451
00:27:45,720 --> 00:27:48,360
Speaker 2: presidents and finance ministers would say to me, hey, can

452
00:27:48,400 --> 00:27:50,200
Speaker 2: you help us do this? We don't have the money.

453
00:27:50,840 --> 00:27:52,480
Speaker 2: I mean when I was Secretary of State, I think

454
00:27:52,520 --> 00:27:54,639
Speaker 2: our budget was about fifty one to fifty two billion

455
00:27:54,760 --> 00:27:57,119
Speaker 2: or so in the State Department. And that was for

456
00:27:57,200 --> 00:28:00,919
Speaker 2: everything the United States for America does abroad, every one

457
00:28:01,000 --> 00:28:03,359
Speaker 2: of our missions, all of our programs, USA I D

458
00:28:03,520 --> 00:28:08,840
Speaker 2: you name it, whatever, and it's it's just not who

459
00:28:09,000 --> 00:28:13,440
Speaker 2: It's really not appropriate for a country as wealthy as

460
00:28:13,480 --> 00:28:16,879
Speaker 2: ours and as frankly important in terms of technology and

461
00:28:16,880 --> 00:28:21,919
Speaker 2: innovation and values and standing up for things, to to

462
00:28:22,119 --> 00:28:25,239
Speaker 2: be as crippled as we are right now in our

463
00:28:25,280 --> 00:28:28,080
Speaker 2: ability to be able to do the things that are

464
00:28:28,119 --> 00:28:31,520
Speaker 2: necessary for the planet, and so health programs and various

465
00:28:31,520 --> 00:28:36,160
Speaker 2: parts of the world, our leverage and ability to help

466
00:28:36,400 --> 00:28:39,000
Speaker 2: get the right decisions in certain countries, get people to

467
00:28:39,680 --> 00:28:42,680
Speaker 2: have better governments to to I mean, how do you

468
00:28:43,080 --> 00:28:45,840
Speaker 2: how do you go tell a country, hey, we think

469
00:28:45,840 --> 00:28:48,600
Speaker 2: you've got to reform and have a little more transparency

470
00:28:48,640 --> 00:28:51,240
Speaker 2: and accountability and your deal making so we can bring

471
00:28:51,280 --> 00:28:55,440
Speaker 2: more capital here and and and you know, we talk

472
00:28:55,520 --> 00:28:57,280
Speaker 2: about our democracy of it and they look at us

473
00:28:57,360 --> 00:28:59,400
Speaker 2: and they scratch their heads, say, well, how's your democracy

474
00:28:59,440 --> 00:29:02,920
Speaker 2: work in these is? You know, it's hard. Governing is

475
00:29:03,000 --> 00:29:05,160
Speaker 2: really hard right now, harder than I think it's ever

476
00:29:05,200 --> 00:29:08,960
Speaker 2: been that I can remember. And so we need to

477
00:29:08,960 --> 00:29:11,480
Speaker 2: try to We got to change that. But I don't

478
00:29:11,480 --> 00:29:13,840
Speaker 2: think the United States has word descripted as long as

479
00:29:13,840 --> 00:29:16,920
Speaker 2: we follow through, as long as we do the things.

480
00:29:17,200 --> 00:29:21,760
Speaker 2: And the IRA I think was a really important establish

481
00:29:22,160 --> 00:29:25,280
Speaker 2: reconnection on credibility, but also the other things we're doing.

482
00:29:25,320 --> 00:29:28,200
Speaker 2: We just announced three billion dollars for the Green Climate Fund.

483
00:29:28,680 --> 00:29:33,719
Speaker 2: We are now judged by the OECD to have actually

484
00:29:33,720 --> 00:29:36,440
Speaker 2: you know that famous one hundred billion. Where's the hundred billion?

485
00:29:36,720 --> 00:29:39,480
Speaker 2: You guys promised a hundred billion back in Paris. Well,

486
00:29:39,480 --> 00:29:41,320
Speaker 2: we've done it, and by the way, we did it

487
00:29:41,400 --> 00:29:44,760
Speaker 2: last year, not this year twenty twenty two is judged

488
00:29:44,760 --> 00:29:47,200
Speaker 2: to have had the hundred billion. This year, we'll have it.

489
00:29:47,600 --> 00:29:51,840
Speaker 2: President Biden has put a twelve billion dollar adaptation program

490
00:29:51,920 --> 00:29:54,400
Speaker 2: three billion a year for the next years. We're up

491
00:29:54,440 --> 00:29:57,640
Speaker 2: to nine something and get I mean, you know, we're

492
00:29:57,720 --> 00:30:01,760
Speaker 2: moving and despite these handy apps that we have. I mean,

493
00:30:02,240 --> 00:30:03,840
Speaker 2: when I was in the Senate, I was there for

494
00:30:03,880 --> 00:30:06,200
Speaker 2: twenty eight years. You know, we go out to dinner

495
00:30:06,360 --> 00:30:09,080
Speaker 2: together and we talk Republican Democrat, and you had a

496
00:30:09,160 --> 00:30:12,720
Speaker 2: lot of fun, and you know, you could have a

497
00:30:12,720 --> 00:30:15,640
Speaker 2: bottle of wine and laugh and tell jokes. And remember

498
00:30:15,640 --> 00:30:17,960
Speaker 2: going over to Teddy Kennedy's house and Orn Hatch would

499
00:30:18,000 --> 00:30:22,040
Speaker 2: be there, and John Warner from Virginia and Macmathias from Maryland,

500
00:30:22,080 --> 00:30:24,560
Speaker 2: and we go back to the Senate and get something done.

501
00:30:24,880 --> 00:30:28,120
Speaker 2: Doesn't happen today. Everybody's running around chasing money.

502
00:30:28,480 --> 00:30:31,640
Speaker 1: Changed changed that that toxic, that toxic.

503
00:30:31,920 --> 00:30:33,720
Speaker 2: Well, the best thing that could happen in the world

504
00:30:33,760 --> 00:30:36,160
Speaker 2: would be for the Supreme Court, which won't happen right now,

505
00:30:36,240 --> 00:30:41,120
Speaker 2: of the United States, to recognize that citizens United has

506
00:30:42,280 --> 00:30:48,040
Speaker 2: has unlicensed has lee, unleashed dark money and corrupt money,

507
00:30:48,080 --> 00:30:51,280
Speaker 2: and unbelievable amounts of money, and it's freezing the capacity

508
00:30:51,320 --> 00:30:54,920
Speaker 2: for really good things to happen. The status quo is

509
00:30:54,960 --> 00:30:58,640
Speaker 2: winning that part of the battle. That not that make

510
00:30:58,720 --> 00:31:02,760
Speaker 2: you feel better, It makes me feel a right. Look,

511
00:31:03,040 --> 00:31:05,440
Speaker 2: I still I have to tell you I'm an a

512
00:31:05,640 --> 00:31:10,920
Speaker 2: veteran optimist. Who was it that said, you know, or

513
00:31:11,000 --> 00:31:13,840
Speaker 2: Winston Churchill said that democracy is the worst form of

514
00:31:13,880 --> 00:31:17,760
Speaker 2: government in the world except for everything else. And there's

515
00:31:17,800 --> 00:31:20,200
Speaker 2: a diplomat who you said the same about coppers. Well,

516
00:31:20,200 --> 00:31:22,600
Speaker 2: actually there's a diplomat who came to the United States,

517
00:31:22,600 --> 00:31:24,880
Speaker 2: and the diplomat from another part of the world I

518
00:31:24,880 --> 00:31:29,000
Speaker 2: won't mention where was asked what do you think of democracy?

519
00:31:29,040 --> 00:31:32,640
Speaker 2: And he said, well, democracy is like sex. When it

520
00:31:32,760 --> 00:31:35,040
Speaker 2: is good, it is very very good, and when it

521
00:31:35,120 --> 00:31:36,800
Speaker 2: is bad, it is still quite good.

522
00:31:39,480 --> 00:31:43,840
Speaker 1: Secret to carry, thank you,