WEBVTT - Collaborating with Big Businesses to Improve Sustainability

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<v Speaker 1>You're listening to Bloomberg Business Week with Carol Messer and

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<v Speaker 1>Tim Stenebek on Bloomberg Radio. It's an ugly truth out

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<v Speaker 1>there doing business, Carol, it's just not good for the environment.

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<v Speaker 1>In fact, more than half of greenhouse gas emissions in

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<v Speaker 1>the US come from two sources, transportation and industry. That's

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<v Speaker 1>according to the EPA, and those two things they're closely

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<v Speaker 1>tied together. After all, you've got to get what the

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<v Speaker 1>industry produces wherever it's going, and that takes planes, trains,

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<v Speaker 1>and automobiles, all which emit carbon.

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<v Speaker 2>The Environmental Defense Fund is a global nonprofit organization. It's

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<v Speaker 2>taking on climate change. It calls quote it the greatest

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<v Speaker 2>challenge of our time. And this organization works with companies

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<v Speaker 2>you know so well, Amazon, Walmart, Danone, Fedexge and more,

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<v Speaker 2>and it's all about reducing their impact on the environment.

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<v Speaker 2>Delighted to have with us Fred Krupp, he's president of

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<v Speaker 2>the EDF and he joins us on Zoom from San Francisco. Fred,

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<v Speaker 2>thanks so much for being with us. We are living

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<v Speaker 2>in a world where there's a lot being thrown at everyone,

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<v Speaker 2>global companies in particular when it comes certantly to our environment.

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<v Speaker 2>I feel like after a summer a year where I

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<v Speaker 2>feel like, once again we had superlatives when it comes

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<v Speaker 2>to the impact on our climate. Tell us a little

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<v Speaker 2>bit about the work you're doing, and more importantly, I

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<v Speaker 2>want to know about the progress that you feel like

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<v Speaker 2>companies are making or if they are.

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<v Speaker 3>But hey, thanks Carol, Thanks Tim. I appreciate the opportunity

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<v Speaker 3>to be with you the You know, companies are at

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<v Speaker 3>the center of a lot of the emissions and pollution

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<v Speaker 3>that we have, and so it just stands to reason

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<v Speaker 3>that they present a big opportunity to make progress. So

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<v Speaker 3>you asked, Carol, are we making progress? Absolutely, More and

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<v Speaker 3>more companies see tremendous value in cleaning up their businesses,

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<v Speaker 3>creating new products that are more sustainable or reduce greenhouse gases.

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<v Speaker 3>You can see that in the tremendous market cap at Tesla.

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<v Speaker 3>You can see that in companies that want to do

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<v Speaker 3>right by a climate in order to improve more employee

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<v Speaker 3>morale and their ability to hire employees. You know, many

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<v Speaker 3>companies now realize that their reputation, their character is judged

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<v Speaker 3>on the basis of whether they're a leader or a laggard.

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<v Speaker 3>So we're seeing a lot of companies right now, very

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<v Speaker 3>motivated to take big steps as opposed to you know,

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<v Speaker 3>cosmetic things or just spinning, spinning little things as though

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<v Speaker 3>they were big things that we saw so much of

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<v Speaker 3>right in years past and still see some now.

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<v Speaker 1>Hey, Fred, can you talk a little bit about the

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<v Speaker 1>strategy at the Environmental Defense Fund? I think people might

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<v Speaker 1>It's a nonprofit that's more than fifty years old at

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<v Speaker 1>this point, so I want to hear about the change

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<v Speaker 1>in strategy that you guys had, gosh, maybe about fifteen

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<v Speaker 1>years ago, where you went from suing the companies to

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<v Speaker 1>try to get them to change their behavior actually actively

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<v Speaker 1>partnering with them these days.

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<v Speaker 3>Yeah. So our original motto when we were founded with

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<v Speaker 3>sue the Bastards. I I don't think that was the

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<v Speaker 3>official motto, but that was a bit formally the motto.

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<v Speaker 3>And then we realized I think longer than fifteen years ago,

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<v Speaker 3>but we did realize that, you know, finding the ways

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<v Speaker 3>that work, you know, made more sense. And you know,

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<v Speaker 3>if we can, you know, without having to go to

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<v Speaker 3>the Senate or the Congress here in the United States

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<v Speaker 3>or legislatures around the world, if we can go directly

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<v Speaker 3>to Amazon and FedEx and help them to have more

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<v Speaker 3>electric trucks, or go to Dano, which has fifty five

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<v Speaker 3>thousand dairy farms that supply them, and work with them

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<v Speaker 3>to make an industry leading commitment to reduce the methane

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<v Speaker 3>emissions from their supply chains by thirty percent, not by

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<v Speaker 3>twenty five fifty, but by twenty thirty. You know that

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<v Speaker 3>change in strategy, Tim reflected the fact that you know,

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<v Speaker 3>sometimes just going to the folks and talking to them,

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<v Speaker 3>you can find a quicker way to a solution than

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<v Speaker 3>throwing bricks at them.

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<v Speaker 2>Fred help me out here though, Like you guys, as

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<v Speaker 2>a nonprofit right are reliant on donations, and I'm assuming

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<v Speaker 2>corporate donations as well, and I'm just wondering how do

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<v Speaker 2>you how do you do it and avoid conflict of

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<v Speaker 2>interest in terms of the financial support that comes in

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<v Speaker 2>perhaps from the corporate community that keeps you guys going,

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<v Speaker 2>as well as you know, making sure that you are

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<v Speaker 2>pursuing the toughest policy you can to protect the environment

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<v Speaker 2>with these entities.

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<v Speaker 3>At the same time, Hey, Carol, thanks for that question.

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<v Speaker 3>I should have quarified. Ninety nine percent of our funding

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<v Speaker 3>does not come from corporations. We occasionally will accept a

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<v Speaker 3>gift of there's a company that has a you know,

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<v Speaker 3>an employer match plan or something like that. But the

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<v Speaker 3>partners that I've mentioned, we've received no corporate funding from

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<v Speaker 3>Walmart or dan Own or Amazon or FedEx. So we

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<v Speaker 3>avoid that conflict of interest, you know, pretty effectively.

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<v Speaker 1>But do they pay you to partner with them?

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<v Speaker 4>No?

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<v Speaker 1>Wow, So talk a little bit about how that works.

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<v Speaker 3>The we get funded by individuals, by members who see

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<v Speaker 3>the value of kind of a different approach, and these

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<v Speaker 3>are you know, we have several hundred thousand members and

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<v Speaker 3>people that give us small donations, medium size and large

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<v Speaker 3>just because those of us who are concerned about climates

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<v Speaker 3>see an urgency and getting things done. So when they see,

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<v Speaker 3>you know, a partnership with Walmart to cut a billion

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<v Speaker 3>tons of ways and pollution, that's you know, tim, that's

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<v Speaker 3>the same amount as Germany admits in a year. When

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<v Speaker 3>they see that, they see that partnership achieving results, and

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<v Speaker 3>they understand why, you know, we don't want to take

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<v Speaker 3>money from the company to have that conflict of interest

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<v Speaker 3>to do that work. You know, people step up and say, hey,

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<v Speaker 3>we want to fund that. We like we like the

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<v Speaker 3>idea that you're getting results, and we see why you

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<v Speaker 3>want to have a measure of independence. And so that's

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<v Speaker 3>worked really well for us, those people in the you know,

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<v Speaker 3>environmentalists like myself. I hope I can include the two

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<v Speaker 3>of you. What we care most about is getting results.

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<v Speaker 3>And it's unconventional to work directly with companies but often

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<v Speaker 3>not always, but oftentimes it works. Just hasn't been tried

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<v Speaker 3>often enough?

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<v Speaker 2>Would you say no? Just full full of transparency. So

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<v Speaker 2>thank you for answering our questions, because we do have

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<v Speaker 2>listeners and viewers write in and be like, hey, but Fred,

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<v Speaker 2>do you find that because of greater regulation and oversight

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<v Speaker 2>and cop and goals, whether it's through Europe or through

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<v Speaker 2>the United States, that has made the corporate environment much

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<v Speaker 2>more open to being more aggressive when it comes to

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<v Speaker 2>climate goals. Is it about that or is it also

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<v Speaker 2>about that they're realizing their existence alone is also important

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<v Speaker 2>about protecting the environment.

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<v Speaker 3>Hey, another great question, thanks Carol. The it's a combination

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<v Speaker 3>of things. You know, everybody's got children. I now have

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<v Speaker 3>three grandchildren. So I think we all want to leave

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<v Speaker 3>the world better than we found it, and that includes

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<v Speaker 3>you know, many, not all, but many people who work

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<v Speaker 3>in companies. We need regulations. Working with companies alone is

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<v Speaker 3>not going to solve climate change. You know, I'm so

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<v Speaker 3>happy to see the Biden administration putting in strong rules

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<v Speaker 3>requiring a shift to electric vehicles, requiring you know, massive

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<v Speaker 3>reductions in greenhouse gases. So these corporate partnerships, it's one tool,

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<v Speaker 3>but we need regulations. We also sometimes need lawsuits. Not

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<v Speaker 3>a very efficient way to change the world, but it's

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<v Speaker 3>sometimes necessary. So there's lots of motivations, and you know, Carol,

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<v Speaker 3>we don't much care about the motivation. We just want

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<v Speaker 3>the results. And so where we can, we make the

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<v Speaker 3>case that they'll make more money, so they will harvest

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<v Speaker 3>value through better reputations, better employee morale, capturing additional market

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<v Speaker 3>share of electric vehicles by going in this new direction,

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<v Speaker 3>that it's in their business interest. And if that's what

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<v Speaker 3>motivates them, that you know, they'll make more money, that's

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<v Speaker 3>fine with us. We just want to change.

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<v Speaker 2>I agree, and you're talking to you two environmentalists right here, Fred,

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<v Speaker 2>Thank you so much, look forward to hopefully continuing the conversation.

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<v Speaker 2>Fred Crop, President of the Environmental Defense Fund. Pancreatic cancer

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<v Speaker 2>is a third leading cause of cancer related deaths in

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<v Speaker 2>the United States, the five year survival rate is just

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<v Speaker 2>twelve percent. And I've got to say this cancer is

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<v Speaker 2>very much near and dear to me. I lost my

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<v Speaker 2>mom to it, two other family members, and two other

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<v Speaker 2>very close friends of the family. It's a cancer tim

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<v Speaker 2>that many seem to say is rare, and yet it

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<v Speaker 2>seems like more and more individuals are getting it and

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<v Speaker 2>unfortunately dying from it. So it's a really tough one

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<v Speaker 2>having seen at firsthand, really really difficult.

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<v Speaker 1>And the question is are things improving at all. We've

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<v Speaker 1>got a great guest with us this afternoon who's in

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<v Speaker 1>the know of all things pancreatic cancer, Julie Fleshman, as

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<v Speaker 1>President and CEO of the Pancreatic Cancer Action Network. Julie

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<v Speaker 1>joins us on a zoom from California. Julie, good to

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<v Speaker 1>have you with us this afternoon. I was shocked to

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<v Speaker 1>see that those statistics are still so low. Only twelve

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<v Speaker 1>percent of people who get a pancreatic cancer diagnosis survive

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<v Speaker 1>five years. Why.

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<v Speaker 4>Yeah, thank you so much for having me. And I'm

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<v Speaker 4>so sorry to hear about your own personal experience. So

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<v Speaker 4>pancreatic cancer is tough one. There is no early detection

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<v Speaker 4>test for the disease, so usually by the time it's diagnosed,

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<v Speaker 4>it's late stage and it's already metastasized or spread to

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<v Speaker 4>other organs beyond the pancreas, making it very difficult to

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<v Speaker 4>treat your If you think about where your pancreas is,

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<v Speaker 4>it's deep in your abdominal cavity, behind your stomach, in

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<v Speaker 4>front of your spine. It's not something you could feel,

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<v Speaker 4>you know, you know, like you have your breast, you

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<v Speaker 4>might feel a bump or a lump. You can't feel

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<v Speaker 4>you're pancreas, and so it's difficult to get to end.

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<v Speaker 4>We don't have an early detection test.

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<v Speaker 2>Yeah, and it's interesting, you know, for my mom and

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<v Speaker 2>particularly like the symptoms can be indicative of other things,

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<v Speaker 2>kind of not so serious things, and sometimes it takes

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<v Speaker 2>a while for it to diagnose. Having said that, you know,

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<v Speaker 2>I always feel like Julie that a cancer. I think

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<v Speaker 2>of Katie Kurk her husband uh and colon cancer. Like

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<v Speaker 2>when a celebrity or somebody high profile gets something that

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<v Speaker 2>all of a sudden, you know, attention is paid, money

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<v Speaker 2>goes into it is money going into research to find

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<v Speaker 2>ways to do either a test or earlier detection of

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<v Speaker 2>pancredit cancer. As you say, it's so difficult and by

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<v Speaker 2>the time you find it, there's so much going on

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<v Speaker 2>by the pancreas it's just difficult to deal with.

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<v Speaker 4>Yes, I mean, so one of the challenges with this

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<v Speaker 4>disease is twenty years ago there was no funding being

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<v Speaker 4>put into pan credit cancer research, both from a private

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<v Speaker 4>perspective and from a you know, government federal perspective. That's

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<v Speaker 4>definitely changed. I think pan CAN and our advocacy efforts

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<v Speaker 4>have really helped to be a catalyst to you know,

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<v Speaker 4>infuse dollars and interest and support in pank credit cancer research.

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<v Speaker 4>So today there is a vibrant pank credit cancer research community.

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<v Speaker 4>You know, most major medical institutions across the country have

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<v Speaker 4>a pankred a cancer research program. So there's a lot

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<v Speaker 4>happening today. There are a lot more dollars being invested

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<v Speaker 4>in pankred at cancer research. But we quite frankly, for

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<v Speaker 4>the severity of the disease, we still need more. We

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<v Speaker 4>need more people to step up to donate and to

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<v Speaker 4>you know, raise their hands to help us with this

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<v Speaker 4>challenging disease.

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<v Speaker 1>What are rates that we're seeing right now, Julie, Are

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<v Speaker 1>they stable, are they increasing? Are they decreasing? What can

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<v Speaker 1>you tell us?

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<v Speaker 4>Yeah, so the FIBROSOVIV right, Although twelve percent is dismal

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<v Speaker 4>obviously and unacceptable, that has gone up by a percent

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<v Speaker 4>each year for the last couple of years. So we

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<v Speaker 4>are moving in the right direction. When I started doing

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<v Speaker 4>this work, you know, two decades ago, the five year

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<v Speaker 4>survival it was just four percent. It had gone up

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<v Speaker 4>to about six percent in two thand and eleven, and

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<v Speaker 4>since twenty and eleven it's gone from six to twelve.

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<v Speaker 4>So again not acceptable, and we still have a lot

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<v Speaker 4>of work to do, but I think it does show

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<v Speaker 4>that there is a lot more interest, There is a

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<v Speaker 4>lot more work being done, you know, we don't We

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<v Speaker 4>not only need an early detection test, but we also

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<v Speaker 4>need better treatment options. Even those people who are diagnosed

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<v Speaker 4>early and I have surgery many times there is a reoccurrence,

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<v Speaker 4>and so we also need better treatment options for patients.

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<v Speaker 2>So talk to us about some of the signs because

0:13:23.480 --> 0:13:26.080
<v Speaker 2>as I said to you, I know for my mom,

0:13:26.360 --> 0:13:28.920
<v Speaker 2>uh particularly, there were things that were going on that

0:13:29.400 --> 0:13:31.679
<v Speaker 2>you know, it took a while to really diagnose because

0:13:31.679 --> 0:13:36.400
<v Speaker 2>it could be read as just you know, upset stomach

0:13:36.440 --> 0:13:39.680
<v Speaker 2>and some different different things. So it does take a

0:13:39.679 --> 0:13:42.520
<v Speaker 2>while sometimes to figure it out, but symptoms that maybe

0:13:42.559 --> 0:13:45.319
<v Speaker 2>people should watch out for. At this point. It doesn't

0:13:45.360 --> 0:13:48.240
<v Speaker 2>necessarily mean you have it, but it might at least

0:13:48.400 --> 0:13:50.640
<v Speaker 2>cause you to at least ask the questions of a

0:13:50.679 --> 0:13:51.960
<v Speaker 2>member of the medical community.

0:13:52.840 --> 0:13:54.880
<v Speaker 4>Absolutely, and that's what we want. We want people to

0:13:54.880 --> 0:13:57.120
<v Speaker 4>be aware so that it can be their own best

0:13:57.200 --> 0:14:00.920
<v Speaker 4>you know, patient advocate. And the symptoms are fairly benign.

0:14:01.080 --> 0:14:06.240
<v Speaker 4>It's things like weightless sudden weight loss. So if you

0:14:06.320 --> 0:14:09.000
<v Speaker 4>suddenly lose weight and you know, people are excited I

0:14:09.080 --> 0:14:11.719
<v Speaker 4>lost weight, But if there's not a reason for it,

0:14:11.760 --> 0:14:13.960
<v Speaker 4>that's the kind of thing you should pay attention to.

0:14:14.840 --> 0:14:19.480
<v Speaker 4>Stomach pain, back pain, jaundice or yellowing of the skin

0:14:20.080 --> 0:14:24.440
<v Speaker 4>or eyes is many times a telling symptom for pancreatic cancer,

0:14:24.480 --> 0:14:29.160
<v Speaker 4>although usually comes on more late stage new onset diabetes.

0:14:29.240 --> 0:14:32.480
<v Speaker 4>That's a symptom that we understand more about today that

0:14:32.600 --> 0:14:36.920
<v Speaker 4>for some people who get sudden onset diabetes, that may

0:14:36.960 --> 0:14:39.720
<v Speaker 4>be an early symptom of pancretic cancer. And people can

0:14:39.760 --> 0:14:43.240
<v Speaker 4>go to pancan dot org to read about all of

0:14:43.320 --> 0:14:46.440
<v Speaker 4>the symptoms as well as the risk factors for the disease.

0:14:46.720 --> 0:14:48.880
<v Speaker 2>Is there a chance that there will be a test someday?

0:14:49.520 --> 0:14:52.720
<v Speaker 2>I know that members of my family are my world

0:14:52.720 --> 0:14:55.440
<v Speaker 2>that when there's been some concerns, we've done baselines just

0:14:55.480 --> 0:14:59.040
<v Speaker 2>to kind of have something to compare God forbid. But

0:14:59.160 --> 0:15:02.840
<v Speaker 2>having said that, does the medical community, the research community,

0:15:02.880 --> 0:15:06.160
<v Speaker 2>with the right amount of time money, approach that there

0:15:06.240 --> 0:15:09.440
<v Speaker 2>will be some kind of screening test someday? And is

0:15:09.520 --> 0:15:13.680
<v Speaker 2>genetics the genetic testing I know is something that certainly

0:15:14.000 --> 0:15:15.200
<v Speaker 2>I'm curious about.

0:15:16.200 --> 0:15:18.480
<v Speaker 4>Yeah, absolutely, I mean there is a lot of research

0:15:18.520 --> 0:15:20.600
<v Speaker 4>going on in this area. I think kind of three

0:15:20.720 --> 0:15:24.360
<v Speaker 4>areas of blood tests. So there is work being done

0:15:24.480 --> 0:15:28.640
<v Speaker 4>to develop a blood test, a blood marker where you

0:15:28.680 --> 0:15:31.160
<v Speaker 4>know someone, if you took someone's blood, you would be

0:15:31.160 --> 0:15:37.240
<v Speaker 4>able to potentially see the circulating DNA that might tell

0:15:37.280 --> 0:15:41.840
<v Speaker 4>you that the person has cancer and then you know,

0:15:41.960 --> 0:15:44.640
<v Speaker 4>So that's one area. There's there's tests being done that

0:15:44.800 --> 0:15:47.080
<v Speaker 4>there are blood tests that are being worked on specifically

0:15:47.080 --> 0:15:49.760
<v Speaker 4>for pancratic cancer. And then there's blood tests that are

0:15:49.760 --> 0:15:53.280
<v Speaker 4>being working worked on across many cancers where someone might

0:15:53.320 --> 0:15:56.120
<v Speaker 4>go in and get had blood work done and it

0:15:56.200 --> 0:16:00.240
<v Speaker 4>might give them an indication of you know, across many

0:16:00.280 --> 0:16:04.680
<v Speaker 4>different types of cancers. Usually these tests are not definitive

0:16:04.760 --> 0:16:07.160
<v Speaker 4>and you still have to do them, you know, follow up,

0:16:07.400 --> 0:16:10.000
<v Speaker 4>but at least might give someone an indication that they

0:16:10.000 --> 0:16:15.520
<v Speaker 4>should do that sort of next step, you know. Genetic testing,

0:16:15.560 --> 0:16:19.240
<v Speaker 4>as you mentioned, is another area. We know people who

0:16:19.520 --> 0:16:22.640
<v Speaker 4>are at a higher risk if they've had someone in

0:16:22.680 --> 0:16:26.720
<v Speaker 4>their family who's had pankcredic cancer. So understanding your genetic

0:16:26.880 --> 0:16:30.800
<v Speaker 4>risk is important. Understanding did the person who had pankcredic cancer.

0:16:31.320 --> 0:16:34.040
<v Speaker 2>They have testing we have to run, unfortunately, but a

0:16:34.080 --> 0:16:37.240
<v Speaker 2>lot of great information. Julie Fleishman, she's president CEO of

0:16:37.280 --> 0:16:39.880
<v Speaker 2>PANC Credic Cancer Action Network. Thank you so much,