WEBVTT - The ABCs of Big Oil | Ben Franta Talks to Us About Big Oil on Campus

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<v Speaker 1>Welcome back to Drill. I'm Amy Westerveldt Darna Nor from

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<v Speaker 1>Arthur and I are still working on pulling together another

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<v Speaker 1>episode for our education series around what can be done

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<v Speaker 1>about this problem of the fossil fuel industry infiltrating schools.

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<v Speaker 1>In the meantime, I wanted to bring you the extended

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<v Speaker 1>version of my interview with Ben Fronta, the Stanford University

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<v Speaker 1>researcher we heard from last time, who discovered how much

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<v Speaker 1>fossil fuel interests we're shaping our understanding of economics in

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<v Speaker 1>this country. Ben got into a lot more detail about

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<v Speaker 1>things that he has seen at the university level. I

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<v Speaker 1>think you'll find it interesting that conversation is coming up

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<v Speaker 1>right after this quick break. This episode is supported by

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<v Speaker 1>Degrees Real Talk about Planet Saving Careers, an original podcast

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<v Speaker 1>from the Environmental Defense Fund. People ask me all the

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<v Speaker 1>time what they can do about climate change, and I

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<v Speaker 1>feel a little bit like a climate change guidance counselor

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<v Speaker 1>sun time. The short answer is, what do you get at?

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<v Speaker 1>all about how, no matter the industry, you can find

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<v Speaker 1>season three of Degrees, and I loved it, especially the

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<v Speaker 1>episode about Lake Street Drive, which is a green band,

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<v Speaker 1>which is actually a lot harder to pull off than

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<v Speaker 1>you might think, just in terms of all of the

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<v Speaker 1>disposable things that come along with touring and concerts and

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<v Speaker 1>music venues, trying to convey venues to reduce their waste,

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<v Speaker 1>all of that stuff travel, How do you figure that out?

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<v Speaker 1>It was really good and there's lots more where that

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<v Speaker 1>came from, too. These narrative stories will capture your attention

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<v Speaker 1>talk about planet saving careers anywhere you listen to podcasts

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<v Speaker 1>will include a link in the show notes. Too Big

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<v Speaker 1>thanks to Degrees for their support. I was super interested

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<v Speaker 1>to read your paper because actually Darna and I were

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<v Speaker 1>just saying, wow, like I was pulling together a list

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<v Speaker 1>of you know, all of the things that either fossil

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<v Speaker 1>fuel companies or you know, sort of foundations that have

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<v Speaker 1>represented them or their interests are investing in at universities,

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<v Speaker 1>and you know, there's so many of these economics research

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<v Speaker 1>chairs and economic centers and whatever that I was like,

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<v Speaker 1>I feel like we need to find we need to like,

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<v Speaker 1>you know, dig into the ways that they're trying to

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<v Speaker 1>shape people's understanding of the economy and how it works.

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<v Speaker 1>And then I found actually in the Newsome archives this

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<v Speaker 1>insane like cross industry strategy with like confidential stamps all

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<v Speaker 1>over it that was like in as World War Two

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<v Speaker 1>was about to end, all of these it was like

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<v Speaker 1>Standard Oil, GM, General Electric. I can't remember what the

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<v Speaker 1>other ones were, but they were all freaking out, maybe

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<v Speaker 1>Ford about that. Not that you know, they were going

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<v Speaker 1>to have a decline in sales because the government wasn't buying.

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<v Speaker 3>Stuff from them anymore.

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<v Speaker 1>They were worried that Americans, because the government had done

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<v Speaker 1>such a good job of running everything during World War Two,

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<v Speaker 1>that Americans would turn away from the idea of free enterprise.

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<v Speaker 1>Oh and they were like, this is the number one

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<v Speaker 1>problem facing every industry, like all hands on deck.

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<v Speaker 2>So yeah, the problem was that the government was too

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<v Speaker 2>competent based on and they didn't like how that looked. Yes,

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<v Speaker 2>that's so interesting.

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<v Speaker 1>They were like, uh, oh, Americans might have actually really

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<v Speaker 1>enjoyed this competent government over the last few years. You know.

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<v Speaker 3>I think it's only.

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<v Speaker 2>A matter of time before the more you learn, the

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<v Speaker 2>more you start to suspect that corporations have controlled your

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<v Speaker 2>entire perception of reality from like the moment you're born. Yes,

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<v Speaker 2>oh my god, what is even real?

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<v Speaker 4>It is so disturbing, and I also just.

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<v Speaker 1>You just yeah, you just see so many of the

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<v Speaker 1>talking points that you still see today, you know, kind

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<v Speaker 1>of being I don't know, being dreampt up and and

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<v Speaker 1>sent out back then.

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<v Speaker 2>Well it's so you know, the the PR techniques, they're

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<v Speaker 2>so smart and going like one or more steps above

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<v Speaker 2>the level of just the thing they're trying to sell

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<v Speaker 2>in terms of awareness, and like my.

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<v Speaker 1>Fav like, they shaped the context, right, Yeah.

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<v Speaker 2>It's sort of like yeah, I mean, don't sell don't

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<v Speaker 2>don't sell water, put people in a desert, right right.

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<v Speaker 2>I think my favorite example was in that propaganda book,

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<v Speaker 2>Brene's talks about when he worked for like the piano industry,

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<v Speaker 2>and he's instead of putting ads for pianos into like magazines,

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<v Speaker 2>he's like, I went to architecture magazines and got them

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<v Speaker 2>to like from highlight and talk about these celebrities homes

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<v Speaker 2>that had a music room in them, Wow, the piano

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<v Speaker 2>room in them. And then that became like the defined

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<v Speaker 2>as like the American dream sort of like you needed

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<v Speaker 2>to have a music room, need to have a piano room.

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<v Speaker 2>And then it was like people would buy houses with

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<v Speaker 2>a piano room. They didn't know how to play the piano,

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<v Speaker 2>but they were like, now we need to get a

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<v Speaker 2>piano for the piano room. But they never even had

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<v Speaker 2>to advertise pianos. Yeah, it was like what, like, it's

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<v Speaker 2>so I mean, it's just so smart.

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<v Speaker 3>It's so smart.

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<v Speaker 1>I can't remember where I read this, if it was

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<v Speaker 1>there or somewhere else. The watch example, the like pocket

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<v Speaker 1>watches and wrist watches.

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<v Speaker 2>I'm not sure.

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<v Speaker 3>Okay, this watch.

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<v Speaker 1>Manufacturer came to him and to help them, like they

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<v Speaker 1>wanted to see if they could break down the gender

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<v Speaker 1>taboo about men wearing wristwatches because apparently at the time,

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<v Speaker 1>it was like if you were a wrist watch, you

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<v Speaker 1>were gay, Like only women wore wristwatches, and like real

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<v Speaker 1>men had pocket watches and whatever.

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<v Speaker 3>And so he commissioned a rapport.

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<v Speaker 1>Who knows if it was like even valid, but he

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<v Speaker 1>commissioned a report like that US soldiers. Well, first he

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<v Speaker 1>was like, who's the most.

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<v Speaker 3>Manly man soldiers?

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<v Speaker 1>And then he was like, okay, US soldiers are getting

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<v Speaker 1>picked off in the trenches when they light a match

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<v Speaker 1>to look at their pocket watch. And so he convinced

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<v Speaker 1>the army to make wristwatches standard issue.

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<v Speaker 2>Yeah, and there you go.

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<v Speaker 1>It became like a masculine accessory. Just like this guy

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<v Speaker 1>was so smart.

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<v Speaker 2>Yeah, he was very.

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<v Speaker 1>Much you know, he knew he was smart and like

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<v Speaker 1>really liked being smarter than me.

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<v Speaker 2>Yeah exactly. I mean yeah, it's kind of a godlike

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<v Speaker 2>yeah sort of feeling, probably to think that you're shaping

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<v Speaker 2>people's like fundamental perceptions about you know, what's cool, what's

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<v Speaker 2>not cool, what's masculine, what's good, all of that stuff off, right,

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<v Speaker 2>I mean, yeah, they're making decisions that they think are

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<v Speaker 2>their own.

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<v Speaker 4>Yes, yeah, I mean about about you know, like silly

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<v Speaker 4>things like what kind of watch you're going to have,

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<v Speaker 4>but then also about really big things.

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<v Speaker 1>I mean, that's the thing that I find so interesting too,

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<v Speaker 1>is it's sort of like the same techniques, whether they're

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<v Speaker 1>trying to sell watches or you know, policy. So I

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<v Speaker 1>was hoping to get you talking about I have I

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<v Speaker 1>think I have you telling me this story a long

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<v Speaker 1>time ago on really bad phone tape.

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<v Speaker 3>But when you were at Harvard and you.

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<v Speaker 1>Realized that the Harvard Kennedy School had a lot of

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<v Speaker 1>fossil fuel funding, and I think it was you that

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<v Speaker 1>said that someone didn't want students to talk to reporters

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<v Speaker 1>about having that funding.

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<v Speaker 2>Yeah, so now you're getting into the juicy details. This

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<v Speaker 2>is back yeah, spill the dirt, spill the beans.

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<v Speaker 3>Just kidding.

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<v Speaker 2>Yeah. Yeah. So this was back when I was a

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<v Speaker 2>grad student at Harvard and I was working at the

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<v Speaker 2>Belfer Center for Science and International Affairs, and you know

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<v Speaker 2>that's in the Kennedy School of Government. The role of

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<v Speaker 2>fossil fuel companies in academia had started to become a

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<v Speaker 2>bigger issue. And this was around probably like twenty fifteen

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<v Speaker 2>or so. For instance, I think you know when the

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<v Speaker 2>Journalist School journalism school at Columbia came out with the

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<v Speaker 2>Exon New Investigation or they started doing some work related

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<v Speaker 2>to that. Then Exxon responded by kind of threatening to

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<v Speaker 2>take away their funding in so many words, and it

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<v Speaker 2>just people became more and more interested in you know,

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<v Speaker 2>who's who's funding these these programs at universities, and you know,

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<v Speaker 2>is it fossil fuel companies? And what kind of pressure

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<v Speaker 2>does that put on those academic programs to do one

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<v Speaker 2>thing or another, or study one thing or another, or

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<v Speaker 2>or not to study something. And I started to look

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<v Speaker 2>into this issue at Harvard, looking at what programs are

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<v Speaker 2>funded by by oil companies, and a lot of the

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<v Speaker 2>programs at the Kennedy School, the Government school to do

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<v Speaker 2>with public policy were funded and as far as I

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<v Speaker 2>still know, as I know, they still are funded by

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<v Speaker 2>big oil companies. You know, for example, I worked at

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<v Speaker 2>the Belfer Center for Science International Affairs. It's one of

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<v Speaker 2>the most influential academic think tanks in the world world,

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<v Speaker 2>and the founder of that founded an oil and gas company.

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<v Speaker 2>That's how he made his fortune to begin with. The

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<v Speaker 2>environmental economics program at Harvard funded by oil companies and

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<v Speaker 2>so on. So it's not just that public policy schools

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<v Speaker 2>are being funded by oil companies. Sometimes it's that the

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<v Speaker 2>programs that are focused on climate or environment or sustainability

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<v Speaker 2>in particular, those are often funded by the oil companies. Now,

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<v Speaker 2>so back to twenty fifteen, so this issue is starting

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<v Speaker 2>to emerge. I'm starting to write about it a little bit,

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<v Speaker 2>and it was seen as a very unpopular thing to do.

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<v Speaker 1>Yes, I have, Yes, I remember you had quite a

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<v Speaker 1>like Twitter kerfuffle happened about this stuff, right, oh.

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<v Speaker 2>Yes, you know, and that was even years later. I

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<v Speaker 2>mean that was, you know, only a few years years ago.

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<v Speaker 2>And you know, at this early stage, it was seen

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<v Speaker 2>as just really uncouth to raise this issue. And I

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<v Speaker 2>even had, you know, professors at the Kennedy School who

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<v Speaker 2>just wouldn't talk to me, you know, I think because

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<v Speaker 2>they were upset that I was writing about the issue.

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<v Speaker 2>But anyway, to get to the main point. Once we

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<v Speaker 2>were called into an all staff meeting for the researchers

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<v Speaker 2>at the Kennedy School in the Belafare Center, and we

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<v Speaker 2>were simply told instructed that, you know, if any journalists

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<v Speaker 2>come to talk to us about you know, oil companies

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<v Speaker 2>funding the research done there, just don't talk to them,

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<v Speaker 2>you know, don't talk to the journalists. We don't want

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<v Speaker 2>you know, we were told that we don't want activists,

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<v Speaker 2>we don't want journalists digging around and and you know,

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<v Speaker 2>finding out that that the programs are being funded by

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<v Speaker 2>oil companies, and I mean when I heard this, I

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<v Speaker 2>you know, I was pretty surprised that that level of

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<v Speaker 2>secrecy was being pursued. I mean, at that time, I

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<v Speaker 2>was mostly working in physics, because that's what my PhD was,

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<v Speaker 2>in applied physics. And you know, often we would get

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<v Speaker 2>funded from all sorts of places, including like Department of Defense,

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<v Speaker 2>sources that you know, not everybody would think are great.

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<v Speaker 2>But regardless, we always advertised and disclosed who was funding

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<v Speaker 2>our research, and we were generally proud of it, but

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<v Speaker 2>we definitely didn't keep it a secret, right And so,

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<v Speaker 2>you know, encountering this secrecy in the public policy space,

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<v Speaker 2>I just thought that was so strange. And of course

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<v Speaker 2>for me, you know, when they said don't talk about

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<v Speaker 2>this thing, you know, I wanted to talk about it.

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<v Speaker 2>My ears bricked up and I was like, you know,

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<v Speaker 2>I was, you know, probably dozing off in the back

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<v Speaker 2>or something, and I like, my you know, I popped

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<v Speaker 2>up alert and I was like, oh, that's something interesting

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<v Speaker 2>is going on. So yeah, you know, and but I

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<v Speaker 2>think it speaks to the broader issue, which is, which is,

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<v Speaker 2>to what degree have has the fossil fuel industry shaped

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<v Speaker 2>very public policy responses and paradigms and ways of thinking

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<v Speaker 2>about climate change as a problem. How has the industry

0:15:32.360 --> 0:15:34.920
<v Speaker 2>shaped those things at the basic level, at the level

0:15:34.920 --> 0:15:39.600
<v Speaker 2>of students learning about them and in universities, you know.

0:15:39.680 --> 0:15:45.360
<v Speaker 2>And I it's the these these questions, you know, as

0:15:45.600 --> 0:15:49.160
<v Speaker 2>we were just talking about, you know, burnets and other

0:15:49.360 --> 0:15:55.440
<v Speaker 2>masters of the craft of public perception, they're not just

0:15:55.520 --> 0:15:58.320
<v Speaker 2>shaped by you know, the final answer that you get

0:15:58.360 --> 0:16:01.960
<v Speaker 2>when you're analyzing a problem. It's shaped by how do

0:16:02.000 --> 0:16:04.560
<v Speaker 2>you even think about the problem in the first place?

0:16:05.880 --> 0:16:11.040
<v Speaker 2>What's the paradigm with through which you are seeing a

0:16:11.080 --> 0:16:18.479
<v Speaker 2>problem defining it? You know, And that's the level that's

0:16:18.040 --> 0:16:23.440
<v Speaker 2>the sort of all encompassing scale where that's relevant for

0:16:23.560 --> 0:16:26.480
<v Speaker 2>when people are learning about these issues in universities, you know,

0:16:26.600 --> 0:16:29.360
<v Speaker 2>among other scales, but that's a really important one. So

0:16:29.760 --> 0:16:32.000
<v Speaker 2>you know, I think, to me, that just speaks to

0:16:32.040 --> 0:16:34.680
<v Speaker 2>that broader issue. And of course I think since then,

0:16:35.200 --> 0:16:39.880
<v Speaker 2>finally now today there's more and more awareness that. Yes,

0:16:41.160 --> 0:16:47.280
<v Speaker 2>especially big oil companies have been very present in these elite,

0:16:48.000 --> 0:16:52.640
<v Speaker 2>very influential academic programs in the social sciences, in the

0:16:52.640 --> 0:16:57.800
<v Speaker 2>policy arena. And the question that's obvious that we should

0:16:57.960 --> 0:17:02.960
<v Speaker 2>ask is what effect has that had, right, What has

0:17:03.000 --> 0:17:08.680
<v Speaker 2>been the influence of decades of funding from these special interests.

0:17:09.320 --> 0:17:14.400
<v Speaker 2>Obviously there's a conflict of interest when these programs are

0:17:14.440 --> 0:17:19.040
<v Speaker 2>meant to defend society against the problems that these companies

0:17:19.040 --> 0:17:22.680
<v Speaker 2>are creating, and yet these programs are dependent on those

0:17:22.680 --> 0:17:27.119
<v Speaker 2>companies to exist. So it's a big issue and I

0:17:27.320 --> 0:17:30.040
<v Speaker 2>you know, I think the time it's more than ripe

0:17:30.320 --> 0:17:31.639
<v Speaker 2>to address it.

0:17:32.400 --> 0:17:33.399
<v Speaker 3>Yeah, can you talk.

0:17:33.280 --> 0:17:36.080
<v Speaker 1>About some of the other places that you have seen

0:17:36.080 --> 0:17:39.080
<v Speaker 1>this come up? I know that there there's kind of

0:17:39.080 --> 0:17:42.879
<v Speaker 1>oil funding at every every really every big universe you

0:17:42.920 --> 0:17:45.159
<v Speaker 1>can think of. But are there other, I guess public

0:17:45.240 --> 0:17:50.639
<v Speaker 1>policy or economics examples that you've found that were that

0:17:50.680 --> 0:17:51.480
<v Speaker 1>were surprising.

0:17:53.000 --> 0:17:56.800
<v Speaker 2>Yeah, So, you know, this latest research is a is

0:17:56.840 --> 0:18:00.800
<v Speaker 2>one example some some new research that be out soon

0:18:00.880 --> 0:18:03.760
<v Speaker 2>and by the time this airs might already be out.

0:18:04.080 --> 0:18:04.439
<v Speaker 3>Yeah.

0:18:04.520 --> 0:18:09.680
<v Speaker 2>It tracks the activity of a group of economic consultants

0:18:10.240 --> 0:18:15.600
<v Speaker 2>who were hired by the petroleum industry for decades to

0:18:15.760 --> 0:18:19.639
<v Speaker 2>produce analyzes that were then used by the companies and

0:18:19.720 --> 0:18:23.520
<v Speaker 2>by others opposing restrictions on fossil fuels to tell the

0:18:23.520 --> 0:18:26.800
<v Speaker 2>public that it would just be way too expensive to

0:18:26.960 --> 0:18:31.119
<v Speaker 2>act on climate and that in any case, climate was

0:18:31.160 --> 0:18:34.040
<v Speaker 2>not going to be a big deal, so the best

0:18:34.040 --> 0:18:36.560
<v Speaker 2>thing to do is just do nothing. And this was

0:18:36.600 --> 0:18:44.640
<v Speaker 2>the economic ammunition that the industry used alongside their scientific

0:18:44.720 --> 0:18:49.120
<v Speaker 2>merchants of doubt. And so if you look back into

0:18:49.119 --> 0:18:53.320
<v Speaker 2>the newspaper record and you know that record of communication

0:18:53.440 --> 0:18:59.280
<v Speaker 2>from the oil companies, they often employed this two pronged

0:18:59.680 --> 0:19:05.240
<v Speaker 2>stress strategy of using the scientific merchants of doubt to

0:19:05.440 --> 0:19:10.320
<v Speaker 2>cast doubt on the science itself. And you know by them,

0:19:10.359 --> 0:19:14.639
<v Speaker 2>I mean the people that people like Naomi Orescus and

0:19:14.720 --> 0:19:21.080
<v Speaker 2>other historians, Eric Conway and other historians have have documented

0:19:21.480 --> 0:19:24.960
<v Speaker 2>and their think tanks like the George Marshall Institute and

0:19:25.000 --> 0:19:29.320
<v Speaker 2>so on. That's the scientific side to litigate the science.

0:19:29.520 --> 0:19:33.800
<v Speaker 2>Then on the economic side, you have the economists hired

0:19:33.840 --> 0:19:37.520
<v Speaker 2>by the patroleum industry often to say it's just way

0:19:37.520 --> 0:19:42.280
<v Speaker 2>too expensive to do anything. And so that's this other

0:19:42.560 --> 0:19:47.760
<v Speaker 2>side that has not been examined as much. Yeah, it's

0:19:47.880 --> 0:19:52.600
<v Speaker 2>really it has been allowed to survive. I think because

0:19:52.640 --> 0:19:56.480
<v Speaker 2>it hasn't been examined. It's sort of flown under the radar.

0:19:57.160 --> 0:19:57.440
<v Speaker 3>Yeah.

0:19:58.160 --> 0:20:03.720
<v Speaker 2>And you know when I first noticed this, I was

0:20:03.760 --> 0:20:09.919
<v Speaker 2>really shocked because I first noticed this probably around maybe

0:20:09.960 --> 0:20:14.199
<v Speaker 2>three years ago, and I I was doing you know,

0:20:14.760 --> 0:20:18.400
<v Speaker 2>academic research. One thing I do in my historical research

0:20:18.480 --> 0:20:24.840
<v Speaker 2>is I'll download like the entire online newspaper record. For example,

0:20:25.160 --> 0:20:28.840
<v Speaker 2>I studied the American Petroleum Institute, and so I'll download

0:20:28.880 --> 0:20:32.520
<v Speaker 2>every newspaper article on an online database with the words

0:20:32.560 --> 0:20:35.679
<v Speaker 2>American Patrolling Institute and global warming or climate change in

0:20:35.760 --> 0:20:38.520
<v Speaker 2>their record. You know, that might be you know, a

0:20:38.560 --> 0:20:42.200
<v Speaker 2>few thousand articles, and I'll sort them in chronological order,

0:20:42.240 --> 0:20:44.359
<v Speaker 2>and I'll read all of them just to just to

0:20:44.440 --> 0:20:47.320
<v Speaker 2>get the story, just to see, you know, what are

0:20:47.320 --> 0:20:50.560
<v Speaker 2>their phases of communication, you know, what are the battles

0:20:50.560 --> 0:20:54.199
<v Speaker 2>they're fighting at different times. And I was doing that

0:20:55.119 --> 0:20:57.800
<v Speaker 2>over you know, it takes many days to read that

0:20:57.920 --> 0:21:01.960
<v Speaker 2>much material, but I was doing doing that and I

0:21:02.119 --> 0:21:06.000
<v Speaker 2>noticed that, huh, like these there are these economists that

0:21:06.119 --> 0:21:09.439
<v Speaker 2>keep coming up again and again. Wow, And I was like,

0:21:09.480 --> 0:21:11.440
<v Speaker 2>that's interesting, and this is you know, this was stuff

0:21:11.480 --> 0:21:15.320
<v Speaker 2>from like the early to mid nineteen nineties, so this

0:21:15.400 --> 0:21:17.639
<v Speaker 2>is a while ago. I thought, Oh, I'm sure they're not,

0:21:18.200 --> 0:21:22.920
<v Speaker 2>you know, doing stuff anymore. Then at the same time

0:21:22.960 --> 0:21:26.840
<v Speaker 2>I was doing this research, President Trump announced that the

0:21:26.920 --> 0:21:28.920
<v Speaker 2>US was going to pull out of the Paris Agreement.

0:21:30.400 --> 0:21:33.600
<v Speaker 2>And in his speech, I think this was in twenty seventeen,

0:21:34.560 --> 0:21:37.479
<v Speaker 2>he said that the Paris Agreement was going to cost

0:21:38.240 --> 0:21:41.160
<v Speaker 2>you know, an American family, you know, four thousand dollars

0:21:41.200 --> 0:21:43.399
<v Speaker 2>per year or something like that. You know, it's going

0:21:43.480 --> 0:21:46.159
<v Speaker 2>to cost a lot of money. And I thought, this

0:21:46.240 --> 0:21:49.200
<v Speaker 2>doesn't really make sense, because those parts of the Paris

0:21:49.240 --> 0:21:52.040
<v Speaker 2>Agreement are not legally binding to begin with. I thought,

0:21:52.440 --> 0:21:56.080
<v Speaker 2>who are the economists that are saying this? Who where

0:21:56.080 --> 0:21:59.480
<v Speaker 2>where's this analysis coming from? To give President Trump the

0:21:59.560 --> 0:22:02.680
<v Speaker 2>talking points, you know, to say that in a speech.

0:22:03.640 --> 0:22:09.159
<v Speaker 2>And I looked up the economic analysis that that President

0:22:09.200 --> 0:22:13.879
<v Speaker 2>Trump used and it was the same people. It was

0:22:13.920 --> 0:22:16.879
<v Speaker 2>the same economists that I had that I had noticed.

0:22:16.880 --> 0:22:21.120
<v Speaker 2>We're working on these things in like the mid nineties,

0:22:21.720 --> 0:22:25.600
<v Speaker 2>doing giving the same talking points against the Kyoto Protocol

0:22:25.960 --> 0:22:27.040
<v Speaker 2>of course ninety seven.

0:22:27.440 --> 0:22:31.480
<v Speaker 1>God damn it, I swear that, like the Groundhog Day

0:22:31.560 --> 0:22:36.000
<v Speaker 1>miss of all of that is so infuriating. It's just wow,

0:22:36.040 --> 0:22:37.840
<v Speaker 1>we're right back at the same place again, and the

0:22:37.880 --> 0:22:40.160
<v Speaker 1>same thing is happening, and we still don't actually know

0:22:41.359 --> 0:22:45.280
<v Speaker 1>how it happened the first time. I know, And yet people,

0:22:45.320 --> 0:22:47.480
<v Speaker 1>I think I find this all the time that people

0:22:47.480 --> 0:22:49.840
<v Speaker 1>are like, Okay, yeah, we know, we know. What are

0:22:49.840 --> 0:22:51.359
<v Speaker 1>you going to work on next? And I'm like, I

0:22:51.359 --> 0:22:52.280
<v Speaker 1>don't think we do know.

0:22:52.880 --> 0:22:55.439
<v Speaker 3>Actually I don't think we know. I think we've just

0:22:55.480 --> 0:22:58.360
<v Speaker 3>scratched the surface. Oh yeah, of what happened.

0:22:58.359 --> 0:23:02.439
<v Speaker 2>Then you agree, what we have so far I think

0:23:02.720 --> 0:23:06.080
<v Speaker 2>is just a faint trace of what has what occurred,

0:23:06.240 --> 0:23:09.359
<v Speaker 2>And I mean there's much more. I mean, at least

0:23:09.640 --> 0:23:15.920
<v Speaker 2>I feel like we're continuing to find important material, important

0:23:15.960 --> 0:23:19.920
<v Speaker 2>records that reshape or understanding of what has happened. And

0:23:20.800 --> 0:23:22.960
<v Speaker 2>doesn't seem to be close to getting to that to

0:23:23.000 --> 0:23:26.399
<v Speaker 2>the end of it, that's for sure. Yeah, you know,

0:23:26.440 --> 0:23:29.040
<v Speaker 2>and people forget it's you know, in the nineties, there

0:23:29.119 --> 0:23:35.560
<v Speaker 2>were some some enterprising journalists who did notice the industry's

0:23:35.560 --> 0:23:40.120
<v Speaker 2>influence right at the time, and they, you know, they're heroes.

0:23:41.000 --> 0:23:45.120
<v Speaker 2>They were saying things that nobody else was saying. They

0:23:45.119 --> 0:23:50.840
<v Speaker 2>were seeing things no one else was seeing, and you know. Unfortunately,

0:23:50.920 --> 0:23:55.160
<v Speaker 2>just not enough people listened to them at the time,

0:23:55.400 --> 0:24:00.320
<v Speaker 2>so some people noticed, but not enough people noticed. And

0:24:00.400 --> 0:24:03.520
<v Speaker 2>so you know, just because one person noticed something at

0:24:03.560 --> 0:24:07.479
<v Speaker 2>one time doesn't mean that everybody knows. Right, it's very

0:24:07.520 --> 0:24:09.240
<v Speaker 2>important fact.

0:24:09.440 --> 0:24:13.040
<v Speaker 1>Did you look into the National Bureau of Economic Research.

0:24:13.520 --> 0:24:18.520
<v Speaker 1>I haven't, ben I just started looking into them. And

0:24:18.880 --> 0:24:20.840
<v Speaker 1>Exon Mobile is a funder of.

0:24:20.760 --> 0:24:22.640
<v Speaker 2>Them now, uh huh.

0:24:22.680 --> 0:24:25.680
<v Speaker 1>And the Bradley Foundation has funded them forever. They had

0:24:26.440 --> 0:24:29.240
<v Speaker 1>donations for a long time from Scaife and Olin, all

0:24:29.280 --> 0:24:33.680
<v Speaker 1>the usual suspects. But like I'm looking back now through

0:24:33.760 --> 0:24:37.240
<v Speaker 1>the wayback machine to see exactly when Exon came on,

0:24:38.680 --> 0:24:44.280
<v Speaker 1>so I can see like what exactly their influence has been.

0:24:44.920 --> 0:24:45.880
<v Speaker 3>Because it's crazy.

0:24:45.920 --> 0:24:49.960
<v Speaker 1>It's like those guys are like, you know, the president

0:24:50.040 --> 0:24:54.119
<v Speaker 1>of the NBER is like the main I don't know,

0:24:54.160 --> 0:24:58.040
<v Speaker 1>he's in charge of the economics program at MIT, so

0:24:58.280 --> 0:25:03.480
<v Speaker 1>like vice president is like runs the economics department at Harvard.

0:25:03.640 --> 0:25:08.320
<v Speaker 1>It's like every economics department at every major university is

0:25:08.400 --> 0:25:13.640
<v Speaker 1>run by someone who's part of the NBER, which sounds

0:25:13.680 --> 0:25:16.439
<v Speaker 1>and acts like it's some kind of neutral you know,

0:25:16.640 --> 0:25:20.520
<v Speaker 1>or maybe government entity, but is ye at all And

0:25:21.359 --> 0:25:23.160
<v Speaker 1>I'm just like, oh my gosh, these guys have been

0:25:23.200 --> 0:25:27.960
<v Speaker 1>influencing like how people think about economics, you know, since

0:25:28.000 --> 0:25:34.440
<v Speaker 1>the twenties, and they've been you know, funded by sort

0:25:34.480 --> 0:25:36.639
<v Speaker 1>of titans of industry all along.

0:25:38.760 --> 0:25:41.240
<v Speaker 2>Yeah, it's like how far back do you want to go?

0:25:41.480 --> 0:25:47.800
<v Speaker 2>I mean the development of neoclassical economics, which basically asserted

0:25:48.800 --> 0:25:53.119
<v Speaker 2>that you know, the economy, left to its own devices,

0:25:53.160 --> 0:25:57.280
<v Speaker 2>would spontaneously find, you know, an equilibrium that was optimal

0:25:58.040 --> 0:26:03.119
<v Speaker 2>for natural at least. Yeah, I mean you know, in

0:26:03.200 --> 0:26:07.639
<v Speaker 2>many ways that was formulated as a scientific defense against Marxism,

0:26:08.160 --> 0:26:10.960
<v Speaker 2>right right. You know, So it's like how far back

0:26:11.040 --> 0:26:13.919
<v Speaker 2>do you want to go in terms of you know,

0:26:14.160 --> 0:26:20.000
<v Speaker 2>special interests, moneyed interests, vested interests, corporate interests often you know,

0:26:20.840 --> 0:26:28.000
<v Speaker 2>trying to cultivate certain scientific ideas for political advantage, you know.

0:26:28.119 --> 0:26:31.399
<v Speaker 2>And I mean it goes back, you know, at least

0:26:31.400 --> 0:26:34.679
<v Speaker 2>that far, you know, and it's been it's never stopped.

0:26:35.640 --> 0:26:35.960
<v Speaker 4>Really.

0:26:36.000 --> 0:26:39.800
<v Speaker 1>Like what you see is that the pr industry comes

0:26:39.840 --> 0:26:44.560
<v Speaker 1>about right when, like right after the very very first

0:26:44.720 --> 0:26:48.960
<v Speaker 1>regulation is passed on any industry in the US on

0:26:49.040 --> 0:26:51.840
<v Speaker 1>the railroads and the late you know, late eighteen hundreds

0:26:52.560 --> 0:26:56.679
<v Speaker 1>and right when people who don't look like the people

0:26:56.720 --> 0:26:59.679
<v Speaker 1>who are running all these companies start to get the vote,

0:27:00.520 --> 0:27:06.840
<v Speaker 1>and like it is a tool to circumvent democracy, and

0:27:06.880 --> 0:27:08.960
<v Speaker 1>it's I don't know, I'm just even actually even with

0:27:09.000 --> 0:27:12.000
<v Speaker 1>the the economists, you know, what's his face.

0:27:12.119 --> 0:27:13.520
<v Speaker 3>Ivy Lee created the.

0:27:13.440 --> 0:27:17.920
<v Speaker 1>Bureau of Railroad Economics for the railroads, and all those

0:27:17.960 --> 0:27:21.640
<v Speaker 1>economists were portrayed as being totally independent. Nobody knew that

0:27:21.640 --> 0:27:25.919
<v Speaker 1>that thing was created by a PR firm and funded

0:27:25.960 --> 0:27:30.320
<v Speaker 1>by the industry, and those economists got quoted in every

0:27:30.400 --> 0:27:34.720
<v Speaker 1>newspaper all the time about the economic implications of various

0:27:34.720 --> 0:27:39.479
<v Speaker 1>policies around the railroads, you know, and that was like

0:27:39.560 --> 0:27:45.919
<v Speaker 1>what eighteen ninety eighteen ninety seven, maybe, so yeah, I

0:27:46.040 --> 0:27:47.040
<v Speaker 1>just I don't know.

0:27:47.280 --> 0:27:50.480
<v Speaker 2>Totally, yeah, you know, and so many of those strategies

0:27:50.520 --> 0:27:55.159
<v Speaker 2>are dependent on not being seen, not being identified, you know.

0:27:55.160 --> 0:27:58.399
<v Speaker 2>I mean that's sort of the whole idea behind like

0:27:58.600 --> 0:28:03.240
<v Speaker 2>any third party technique, is to conceal the messenger, of course,

0:28:03.480 --> 0:28:08.680
<v Speaker 2>and you know that's why it's so effective. Often simply

0:28:08.960 --> 0:28:13.560
<v Speaker 2>simply revealing what's going on. I know that's not always sufficient,

0:28:13.680 --> 0:28:17.199
<v Speaker 2>but yeah, you know, it can be hugely impactful just

0:28:17.200 --> 0:28:21.080
<v Speaker 2>to be able to see to recognize something. Yes, you know.

0:28:21.119 --> 0:28:24.840
<v Speaker 2>I mean that's why when I saw, you know, what

0:28:24.960 --> 0:28:28.199
<v Speaker 2>was happening with President Trump in the Paris Agreement and

0:28:28.240 --> 0:28:31.879
<v Speaker 2>he was using the same talking points it is, I

0:28:31.920 --> 0:28:36.439
<v Speaker 2>thought it was worth pointing out that, Look, you know,

0:28:36.520 --> 0:28:39.920
<v Speaker 2>we we have seen this before. This isn't new, right,

0:28:40.200 --> 0:28:44.160
<v Speaker 2>This is the same exact strategy, same talking points, even

0:28:44.160 --> 0:28:48.280
<v Speaker 2>in the same people you know that use this strategy

0:28:48.360 --> 0:28:51.840
<v Speaker 2>back in mid nineties, the two thousands to fight the

0:28:51.840 --> 0:28:55.600
<v Speaker 2>cap and trade you know, domestic US legislation proposals. You know,

0:28:56.080 --> 0:29:00.440
<v Speaker 2>all of these proposals for decades. It's the same thing.

0:29:00.640 --> 0:29:02.920
<v Speaker 2>So you know, at least if we can come to

0:29:03.080 --> 0:29:05.800
<v Speaker 2>recognize it for what it is, hopefully, you know, some

0:29:05.880 --> 0:29:08.440
<v Speaker 2>of its obstructing power can be taken away.

0:29:09.240 --> 0:29:12.440
<v Speaker 1>Can you tell us who who this economist or these

0:29:12.480 --> 0:29:15.640
<v Speaker 1>economists were in a little bit about them?

0:29:15.880 --> 0:29:19.760
<v Speaker 2>Absolutely, yeah, So, I mean it's a small group of them,

0:29:20.200 --> 0:29:22.520
<v Speaker 2>at least the group that I looked at. The main one.

0:29:22.800 --> 0:29:25.920
<v Speaker 2>His name is David Montgomery, and you know, he was

0:29:25.960 --> 0:29:32.800
<v Speaker 2>a well respected economist. He before the nineties, you know,

0:29:32.840 --> 0:29:37.720
<v Speaker 2>he'd worked in the Ford administration, the Carter administration, the

0:29:38.440 --> 0:29:42.080
<v Speaker 2>George H. W. Bush Bush one administration, he worked in

0:29:42.080 --> 0:29:46.240
<v Speaker 2>the Energy Information Administration, so he had a lot of credentials,

0:29:47.480 --> 0:29:51.560
<v Speaker 2>and starting in the early nineties, nineteen ninety one or so,

0:29:52.360 --> 0:29:57.120
<v Speaker 2>the petroleum industry hired him to estimate how much it

0:29:57.160 --> 0:30:02.480
<v Speaker 2>would cost to to put regulations on fossil fuels to

0:30:02.520 --> 0:30:04.640
<v Speaker 2>deal with climate change. You know. So, I mean think

0:30:04.680 --> 0:30:07.120
<v Speaker 2>the first the first lesson of this history is that

0:30:08.880 --> 0:30:13.239
<v Speaker 2>is that governments have they tried to act, you know,

0:30:14.160 --> 0:30:17.600
<v Speaker 2>that early on, and that's when this sort of obstruction

0:30:17.840 --> 0:30:23.120
<v Speaker 2>game really came to force, you know, three three decades

0:30:23.120 --> 0:30:28.520
<v Speaker 2>ago essentially, And you know, so basically, he'd come out

0:30:28.560 --> 0:30:30.400
<v Speaker 2>with an analysis that would say, oh, if you want

0:30:30.440 --> 0:30:32.479
<v Speaker 2>to reduce CO two emissions, it's going to cost you know,

0:30:32.880 --> 0:30:36.520
<v Speaker 2>all this money, hundreds of dollars per tonnesia two and

0:30:36.560 --> 0:30:40.400
<v Speaker 2>that's going to you know, cost all these jobs, reduce

0:30:40.480 --> 0:30:45.440
<v Speaker 2>GDP and so on. And generally he would say it's

0:30:45.440 --> 0:30:50.200
<v Speaker 2>going to be really expensive, and climate change is not

0:30:50.240 --> 0:30:51.920
<v Speaker 2>really going to be that bad, you know. So we

0:30:52.000 --> 0:30:54.280
<v Speaker 2>had kind of two parts to it, and they were

0:30:54.320 --> 0:30:58.480
<v Speaker 2>both they were both misleading in a sense at least

0:30:58.640 --> 0:31:04.800
<v Speaker 2>because on the cost side, his models were inflating the

0:31:04.840 --> 0:31:09.840
<v Speaker 2>costs based on the modeling approach and on the benefit side,

0:31:10.120 --> 0:31:13.320
<v Speaker 2>as in global warming avoided. He didn't even address that

0:31:13.400 --> 0:31:17.280
<v Speaker 2>there was zero analysis. It was simply an assertion like

0:31:17.840 --> 0:31:21.200
<v Speaker 2>global warming is not really gonna be that bad. I

0:31:21.240 --> 0:31:24.280
<v Speaker 2>think at one point he said, if anything, it'll cost

0:31:24.600 --> 0:31:27.280
<v Speaker 2>half a percent of gross national product in the year

0:31:27.360 --> 0:31:31.800
<v Speaker 2>twenty one hundred, which is like, you know, it's okay,

0:31:32.160 --> 0:31:34.120
<v Speaker 2>one hundred and ten years from now, you can predict

0:31:34.160 --> 0:31:38.640
<v Speaker 2>that with zero analysis. Okay, but you know, and then

0:31:38.680 --> 0:31:40.520
<v Speaker 2>he's look at the you know, look at the comparison.

0:31:40.960 --> 0:31:45.160
<v Speaker 2>Action costs a lot, in action doesn't cost much. You know,

0:31:45.200 --> 0:31:47.520
<v Speaker 2>you do the math. And so the point was, don't

0:31:47.520 --> 0:31:51.160
<v Speaker 2>do anything and wait, and you know, eventually he was

0:31:51.240 --> 0:31:57.000
<v Speaker 2>joined by other colleagues. They worked at different economic consulting firms,

0:31:57.440 --> 0:31:59.480
<v Speaker 2>and one of the main one they worked at over

0:31:59.520 --> 0:32:03.600
<v Speaker 2>this period time was called Charles River Associates, which still exists.

0:32:03.640 --> 0:32:08.720
<v Speaker 2>I mean, it's still a major consulting firm. But you know,

0:32:08.760 --> 0:32:14.960
<v Speaker 2>they've moved around. I think that the analysis that Trump

0:32:15.040 --> 0:32:16.880
<v Speaker 2>used to leave the Paris Agreement that was done by

0:32:17.000 --> 0:32:20.320
<v Speaker 2>NIRA near a economic consulting different, you know, and so

0:32:20.720 --> 0:32:23.120
<v Speaker 2>they sort of moved around. But it was the same

0:32:23.160 --> 0:32:26.800
<v Speaker 2>story again and again. Nineteen ninety three, the Clinton administration

0:32:26.880 --> 0:32:29.760
<v Speaker 2>tried to put out what eventually was called the BTU tax,

0:32:29.760 --> 0:32:33.880
<v Speaker 2>but that was this hybrid energy and carbon. It was

0:32:33.920 --> 0:32:36.680
<v Speaker 2>like an energy tax that was heavier if you were

0:32:36.720 --> 0:32:43.080
<v Speaker 2>carbon intensive. And you know, same strategy. The industry litigated

0:32:43.080 --> 0:32:46.000
<v Speaker 2>the science, brought out their merchants of doubt, said climate

0:32:46.040 --> 0:32:50.000
<v Speaker 2>science was unproven, then brought out their economists, the same

0:32:50.040 --> 0:32:52.600
<v Speaker 2>group of people who said, oh, it's going to be

0:32:52.680 --> 0:32:57.880
<v Speaker 2>really really expensive. Kyoto protocol because domestic policies were failing clearly,

0:32:58.360 --> 0:33:02.640
<v Speaker 2>so governments moved to the international approach through through the

0:33:02.720 --> 0:33:09.520
<v Speaker 2>UN process, Kyota pro Protocol comes out again, exact same strategy. Now,

0:33:09.640 --> 0:33:15.040
<v Speaker 2>of course Kyota Protocol was you know, adopted, but it

0:33:15.080 --> 0:33:17.640
<v Speaker 2>was not ratified by the United States. Of course, the

0:33:17.760 --> 0:33:21.840
<v Speaker 2>United States left that with George with Georgia Bush two

0:33:22.360 --> 0:33:25.560
<v Speaker 2>in the early two thousands, and again, you know, it

0:33:25.640 --> 0:33:27.440
<v Speaker 2>is the same strategy. It's that this is going to

0:33:27.440 --> 0:33:31.800
<v Speaker 2>be economically disastrous and the science is really is still uncertain,

0:33:32.680 --> 0:33:36.880
<v Speaker 2>and you know, it's the exact same strategy. Then now

0:33:36.920 --> 0:33:39.440
<v Speaker 2>that that failed, goes back to the domestic approach again.

0:33:39.560 --> 0:33:41.760
<v Speaker 2>So that's when we had this series of cap and

0:33:41.840 --> 0:33:44.640
<v Speaker 2>trade bills in the in the Senate, in the House,

0:33:45.240 --> 0:33:48.160
<v Speaker 2>like blacks of Market and so on and again it was,

0:33:48.240 --> 0:33:52.400
<v Speaker 2>you know, every time there was a major climate policy proposal,

0:33:52.960 --> 0:33:58.360
<v Speaker 2>it's like these same guys would just right would disappear again.

0:33:58.760 --> 0:34:02.320
<v Speaker 2>And you know, generally they were you know, being commissioned

0:34:02.360 --> 0:34:07.560
<v Speaker 2>by the American Patroleum Institute or other industry groups, and

0:34:07.800 --> 0:34:10.799
<v Speaker 2>you know, it was the same analysis. They were just

0:34:11.440 --> 0:34:15.960
<v Speaker 2>you know, turning the crank essentially again and again. And

0:34:18.040 --> 0:34:21.000
<v Speaker 2>you know, so it's this, it's this parallel sort of

0:34:22.120 --> 0:34:26.920
<v Speaker 2>this whole shaping of economics. And eventually their analyzes became

0:34:27.840 --> 0:34:32.080
<v Speaker 2>conventional wisdom. I mean, by right, by a twenty ten

0:34:32.200 --> 0:34:34.400
<v Speaker 2>or so. They are they've been at this for twenty years.

0:34:35.360 --> 0:34:38.840
<v Speaker 2>And you know, senators were saying, look, it's like we

0:34:38.880 --> 0:34:41.680
<v Speaker 2>don't even need to study because we know that they've

0:34:41.719 --> 0:34:46.040
<v Speaker 2>already been saying this for twenty years. And so really,

0:34:46.040 --> 0:34:52.799
<v Speaker 2>in a way, the scientific merchants of doubt ultimately, you know,

0:34:53.320 --> 0:34:57.880
<v Speaker 2>were they failed. I guess they over overcome. Their power waned,

0:34:58.400 --> 0:35:03.920
<v Speaker 2>but this the economics part that their power did not

0:35:04.160 --> 0:35:08.520
<v Speaker 2>really wane in the same way. And you know the

0:35:08.520 --> 0:35:13.160
<v Speaker 2>implications are larger as well, because I looked at these

0:35:13.960 --> 0:35:19.800
<v Speaker 2>economic this economic consulting firm, largely because I just stumbled

0:35:19.880 --> 0:35:25.160
<v Speaker 2>upon their activities. But they were not alone. You know,

0:35:25.160 --> 0:35:28.719
<v Speaker 2>there were other consulting firms doing very similar work. But

0:35:28.840 --> 0:35:34.240
<v Speaker 2>also their work is not that different from the work

0:35:34.400 --> 0:35:38.839
<v Speaker 2>done at MIT at the Joint program where they do

0:35:39.120 --> 0:35:43.880
<v Speaker 2>economic modeling there. That program is funded by the oil industry.

0:35:43.960 --> 0:35:47.240
<v Speaker 2>Not only the oil industry, but they do receive funding

0:35:47.280 --> 0:35:51.680
<v Speaker 2>from the oil industry, you know. They these groups participated

0:35:51.840 --> 0:35:57.239
<v Speaker 2>in something called the Energy Modeling Forum at Stanford University.

0:35:58.239 --> 0:36:01.799
<v Speaker 1>I remember you talking about this like BP Shall Chevron,

0:36:02.360 --> 0:36:02.760
<v Speaker 1>I mean.

0:36:02.680 --> 0:36:06.120
<v Speaker 2>All of the absolutely, and that that group is funded,

0:36:06.360 --> 0:36:10.520
<v Speaker 2>you know, almost entirely by fossil fuel interests. You know.

0:36:10.640 --> 0:36:15.600
<v Speaker 2>So there's the consulting part, then there's the academic environmental

0:36:15.640 --> 0:36:20.560
<v Speaker 2>economics part, and the industry is involved with both in

0:36:20.640 --> 0:36:24.960
<v Speaker 2>terms of their funding. And you know, I think at

0:36:24.960 --> 0:36:29.040
<v Speaker 2>the end of the day, the question is, you know, now,

0:36:29.360 --> 0:36:32.120
<v Speaker 2>like where does this leave us? Is the analysis wrong?

0:36:32.320 --> 0:36:34.440
<v Speaker 2>First of all? Is a good question to ask, you know,

0:36:34.440 --> 0:36:37.560
<v Speaker 2>I mean, okay, what if it's actually right? Now? One

0:36:37.560 --> 0:36:40.520
<v Speaker 2>of the nice things about this study was that one

0:36:40.520 --> 0:36:44.359
<v Speaker 2>of these economists was willing to talk to me and

0:36:44.960 --> 0:36:50.880
<v Speaker 2>you know, and honestly share his perspective and experiences, and

0:36:51.040 --> 0:36:55.719
<v Speaker 2>we talked about the limitations of their models, you know,

0:36:55.840 --> 0:37:01.360
<v Speaker 2>and their models were essentially based on, you know, based

0:37:01.400 --> 0:37:05.000
<v Speaker 2>on assumptions that have become mainstream in American economics, like

0:37:05.040 --> 0:37:08.879
<v Speaker 2>the economy performs optimally without intervention and so on. These

0:37:08.880 --> 0:37:13.799
<v Speaker 2>are unscientific concepts that because they can't be tested, of course, right,

0:37:14.000 --> 0:37:16.920
<v Speaker 2>And but it's just taken as an article of faith

0:37:18.000 --> 0:37:20.440
<v Speaker 2>that if somebody has to do something that they're not

0:37:20.480 --> 0:37:25.480
<v Speaker 2>already doing, it must be suboptimal, right, And you know,

0:37:25.480 --> 0:37:29.080
<v Speaker 2>it's a tautological it's a circular reasoning type of logic,

0:37:30.320 --> 0:37:34.719
<v Speaker 2>and you know, it's based on that. And then there

0:37:34.760 --> 0:37:37.719
<v Speaker 2>are assumptions built into the model about how expensive clean

0:37:37.800 --> 0:37:39.640
<v Speaker 2>energy is going to be, and it's assumed to be

0:37:39.719 --> 0:37:44.600
<v Speaker 2>expensive like forever, like really expensive, you know, and things

0:37:44.680 --> 0:37:47.200
<v Speaker 2>like that. So the way the model itself is constructed,

0:37:47.520 --> 0:37:50.680
<v Speaker 2>it's not really like reliable in terms of what is

0:37:50.719 --> 0:37:53.960
<v Speaker 2>this actually going to cost? So that part's not really

0:37:54.040 --> 0:37:56.480
<v Speaker 2>quantitatively reliable. Then you have the other side, which is

0:37:56.520 --> 0:37:59.200
<v Speaker 2>the benefit side, which is not even being addressed, right,

0:37:59.280 --> 0:38:02.400
<v Speaker 2>So it's impossible to even make it a comparison in

0:38:02.480 --> 0:38:04.719
<v Speaker 2>terms of is this policy worth that are not? And

0:38:04.760 --> 0:38:08.880
<v Speaker 2>so you know, at the end of the day, the

0:38:08.920 --> 0:38:12.839
<v Speaker 2>public has been sold this. I mean, it's a fraudulent

0:38:13.480 --> 0:38:17.240
<v Speaker 2>it's a fraudulent economic product. Right. You have economist saying

0:38:17.800 --> 0:38:22.960
<v Speaker 2>we did the analysis and it's too expensive, and you

0:38:23.000 --> 0:38:26.759
<v Speaker 2>know it's it's you know, now even by their own admission,

0:38:27.960 --> 0:38:33.120
<v Speaker 2>that's not true. And this has been going on for decades,

0:38:35.480 --> 0:38:36.920
<v Speaker 2>you know. So now the question is what do we

0:38:37.000 --> 0:38:38.919
<v Speaker 2>do about What do we do about this?

0:38:41.360 --> 0:38:41.560
<v Speaker 4>Right?

0:38:42.160 --> 0:38:46.400
<v Speaker 2>Yeah? And I think that's because so embedded.

0:38:46.560 --> 0:38:48.839
<v Speaker 3>This is the thing that like we were saying before.

0:38:48.560 --> 0:38:55.239
<v Speaker 1>That it's it's it's not just the you know, proposed solutions,

0:38:55.280 --> 0:38:58.040
<v Speaker 1>it's the entire framing of the problem. It's like the

0:38:58.080 --> 0:38:59.560
<v Speaker 1>soup that we're all swimming in.

0:39:01.840 --> 0:39:02.200
<v Speaker 2>I thought.

0:39:02.320 --> 0:39:08.880
<v Speaker 1>But you see, particularly the oil industry investing really, really

0:39:08.960 --> 0:39:14.600
<v Speaker 1>heavily in making sure that no one can even think

0:39:14.719 --> 0:39:16.759
<v Speaker 1>of an economy that doesn't work this way.

0:39:17.760 --> 0:39:21.520
<v Speaker 2>That's right, that's right. And you have of course, you know,

0:39:21.640 --> 0:39:24.799
<v Speaker 2>students who are going to school to study economics, you know,

0:39:24.840 --> 0:39:27.560
<v Speaker 2>they're taught that this is the way the world works. Yes,

0:39:27.600 --> 0:39:30.399
<v Speaker 2>that this is how economies work. And there's been some

0:39:30.480 --> 0:39:36.799
<v Speaker 2>fascinating historical research done on the origins of neoclassical economics,

0:39:36.840 --> 0:39:39.000
<v Speaker 2>and I think one of the most compelling, some of

0:39:39.040 --> 0:39:41.760
<v Speaker 2>the best work has been done by Phil Morowski, who's

0:39:41.760 --> 0:39:45.560
<v Speaker 2>a historian of economics, and you know, and he shows

0:39:45.640 --> 0:39:51.880
<v Speaker 2>quite convincingly, I think that neo classical economics when it

0:39:51.960 --> 0:39:58.440
<v Speaker 2>was formed, the basic ideas of it was an imitation

0:39:59.680 --> 0:40:05.279
<v Speaker 2>of what physics was at that time. And you know,

0:40:05.400 --> 0:40:11.080
<v Speaker 2>physics was being seen as this pretty prestigious, like reliable science.

0:40:12.000 --> 0:40:15.640
<v Speaker 2>You know, it's highly mathematical, and economics wanted to sort

0:40:15.640 --> 0:40:21.120
<v Speaker 2>of scientize itself, and so it literally took the equations

0:40:22.400 --> 0:40:27.560
<v Speaker 2>from physics at the time, and it took the ideas

0:40:28.239 --> 0:40:33.160
<v Speaker 2>like ideas of spontaneous equilibrium, and it just said, this

0:40:33.239 --> 0:40:36.319
<v Speaker 2>is how the economy works. It just sort of asserted that.

0:40:36.440 --> 0:40:41.480
<v Speaker 2>And the sort of fatal flaw in that approach was

0:40:41.520 --> 0:40:47.440
<v Speaker 2>that the physics version was at least testable, it was

0:40:47.480 --> 0:40:50.759
<v Speaker 2>at least falsifiable, and eventually it was I mean, you know,

0:40:50.920 --> 0:40:56.120
<v Speaker 2>new fields of physics were developed, like quantum physics, because

0:40:56.160 --> 0:40:59.880
<v Speaker 2>of the failures of the older models to explain observation

0:41:01.200 --> 0:41:08.359
<v Speaker 2>right now. The economics version was not based on observable

0:41:08.440 --> 0:41:11.160
<v Speaker 2>variables that you can measure and test. It was simply

0:41:11.200 --> 0:41:14.640
<v Speaker 2>an assertion of how the economy works. And no matter

0:41:14.640 --> 0:41:20.560
<v Speaker 2>what you observe, you simply say, that's just a result

0:41:20.680 --> 0:41:23.400
<v Speaker 2>of our theory, more or less. And so it's not

0:41:23.560 --> 0:41:28.000
<v Speaker 2>something that you can test or approve or disprove, and

0:41:29.200 --> 0:41:33.280
<v Speaker 2>so it's sort of persisted as more of an ideology,

0:41:34.880 --> 0:41:38.040
<v Speaker 2>you know, or a pseudo science more than an actual

0:41:38.360 --> 0:41:42.719
<v Speaker 2>scientific theory. And you know, this would just be a

0:41:42.840 --> 0:41:45.759
<v Speaker 2>curiosity in the history of science if it were not

0:41:46.080 --> 0:41:53.600
<v Speaker 2>for its major impacts on public policy today. And obviously

0:41:53.600 --> 0:41:57.319
<v Speaker 2>it's major impacts on climate change, you know, because economists

0:41:57.360 --> 0:42:03.200
<v Speaker 2>are invoking these theories in saying, you know, don't curtail

0:42:03.280 --> 0:42:05.719
<v Speaker 2>fossil fuel use based on this model. It's going to

0:42:05.719 --> 0:42:07.279
<v Speaker 2>be really expensive.

0:42:07.680 --> 0:42:12.400
<v Speaker 1>Right in saying these are the only allowable solutions, Like

0:42:12.480 --> 0:42:17.279
<v Speaker 1>it's it's just it just immediately narrows what can be

0:42:17.360 --> 0:42:20.279
<v Speaker 1>done about about this about this problem.

0:42:20.400 --> 0:42:23.879
<v Speaker 2>You know, and it like, like you said, it's not

0:42:24.080 --> 0:42:27.440
<v Speaker 2>just the oil industry that benefits from these economic ideas,

0:42:27.600 --> 0:42:33.040
<v Speaker 2>it's it's all regulated industries because embedded within you know,

0:42:33.120 --> 0:42:38.719
<v Speaker 2>the self optimate, self optimizing market concept is the implication

0:42:38.960 --> 0:42:44.640
<v Speaker 2>that regulation by nature is expensive MM, that you should

0:42:44.800 --> 0:42:47.000
<v Speaker 2>more or less let things go, you know, or at

0:42:47.040 --> 0:42:49.400
<v Speaker 2>least you can't really go that wrong if you do so.

0:42:49.600 --> 0:42:52.560
<v Speaker 2>All regulated industries have a sort of you know, a

0:42:52.640 --> 0:42:56.760
<v Speaker 2>benefit to be gained from from these these economic theories.

0:42:57.000 --> 0:43:03.200
<v Speaker 2>The theories themselves are biased against regulating, you know, big industries.

0:43:03.920 --> 0:43:06.440
<v Speaker 1>I was looking at all of the different law and

0:43:06.520 --> 0:43:10.160
<v Speaker 1>economic centers that the Olan Foundation has set up at

0:43:10.200 --> 0:43:14.560
<v Speaker 1>every university, and you know, they were like big funders

0:43:14.560 --> 0:43:18.719
<v Speaker 1>of climate denile too. But like John Olan was a

0:43:18.800 --> 0:43:23.680
<v Speaker 1>chemicals guy, you know, he and he was like tired

0:43:23.719 --> 0:43:27.719
<v Speaker 1>of regulation, and he was tired of you know. I

0:43:27.719 --> 0:43:31.200
<v Speaker 1>think a lot of these guys saw the lawsuits in

0:43:32.160 --> 0:43:35.200
<v Speaker 1>the nineties against the tobacco companies as like a serious

0:43:35.280 --> 0:43:40.040
<v Speaker 1>threat to any industry, and they really set about creating

0:43:40.520 --> 0:43:46.359
<v Speaker 1>conservative litigation infrastructure that would combat what they saw as

0:43:46.440 --> 0:43:50.880
<v Speaker 1>like liberal public interest law. And it's always it's I

0:43:50.880 --> 0:43:53.440
<v Speaker 1>don't know, in every single one of these places. It's

0:43:53.560 --> 0:44:00.640
<v Speaker 1>combined with economics and specifically teaching this sort of lass

0:44:00.640 --> 0:44:06.440
<v Speaker 1>a fair free market economics, as you know, an unquestionable truth.

0:44:11.040 --> 0:44:14.640
<v Speaker 2>And you know, there's the whole economics part, but there's

0:44:14.680 --> 0:44:18.120
<v Speaker 2>also there's other interesting parts that I think we're on

0:44:18.160 --> 0:44:21.560
<v Speaker 2>the verge of being aware of, you know, like some

0:44:21.640 --> 0:44:26.080
<v Speaker 2>of in some of Exxon's internal documents from the nineteen eighties,

0:44:26.400 --> 0:44:32.160
<v Speaker 2>in the late nineteen seventies about climate change, Exxon says

0:44:31.920 --> 0:44:35.120
<v Speaker 2>they need to do research on not just the physical

0:44:35.160 --> 0:44:40.319
<v Speaker 2>impacts of climate change, but on psychology, mass psychology, and

0:44:40.400 --> 0:44:45.480
<v Speaker 2>risk perception, risk perception among lay people, you know, just

0:44:45.600 --> 0:44:51.520
<v Speaker 2>everyday normal, regular people, but also among the policymakers and

0:44:51.600 --> 0:44:55.360
<v Speaker 2>government officials. You know, how do you influence and control

0:44:55.480 --> 0:44:59.640
<v Speaker 2>how people perceive this problem and how to respond to it?

0:45:00.360 --> 0:45:04.440
<v Speaker 2>And you know, that's that's another area of social science

0:45:04.640 --> 0:45:08.879
<v Speaker 2>that you know, it appears at least that the oil

0:45:08.920 --> 0:45:12.400
<v Speaker 2>industry was very interested in being being expert at and

0:45:12.400 --> 0:45:15.600
<v Speaker 2>potentially influencing. But I think we don't you know, I

0:45:15.920 --> 0:45:19.480
<v Speaker 2>certainly don't know yet what you know, what they did

0:45:19.520 --> 0:45:22.440
<v Speaker 2>in that area. But I think it's it's bigger than

0:45:22.480 --> 0:45:23.279
<v Speaker 2>just economics.

0:45:23.320 --> 0:45:23.440
<v Speaker 1>You know.

0:45:23.480 --> 0:45:26.960
<v Speaker 2>Economics is sort of maybe the obvious one because it's

0:45:27.080 --> 0:45:28.800
<v Speaker 2>used so much in public policy making.

0:45:29.680 --> 0:45:33.840
<v Speaker 1>Mm hmmmm, well, and it's it is, it's just always

0:45:33.920 --> 0:45:36.200
<v Speaker 1>used when people are talking about climate action, it's oh,

0:45:36.400 --> 0:45:38.759
<v Speaker 1>you know, we need a livable planet, and people to

0:45:38.800 --> 0:45:41.200
<v Speaker 1>have been getting better and better right about making a

0:45:41.280 --> 0:45:45.279
<v Speaker 1>human focus. But I feel like the economics argument did

0:45:45.320 --> 0:45:49.919
<v Speaker 1>that from the beginning, right where it's like, no, no, no,

0:45:50.320 --> 0:45:52.680
<v Speaker 1>you can't do this because it'll make people poor, or

0:45:52.680 --> 0:45:56.520
<v Speaker 1>it'll cost people jobs, or you know, like they they

0:45:56.560 --> 0:46:02.360
<v Speaker 1>were so on that from jump versus the environmental movement,

0:46:02.400 --> 0:46:04.440
<v Speaker 1>which was like, you know, really stuck on trees and

0:46:04.480 --> 0:46:06.239
<v Speaker 1>polar bears for.

0:46:06.200 --> 0:46:06.840
<v Speaker 3>Quite a while.

0:46:09.080 --> 0:46:12.160
<v Speaker 1>Not that hey, I have nothing against trees, but it is,

0:46:12.280 --> 0:46:15.840
<v Speaker 1>it is kind of hard to piece it all together.

0:46:17.160 --> 0:46:21.480
<v Speaker 2>It is it's sprawling, and it's one of those topics

0:46:21.520 --> 0:46:24.920
<v Speaker 2>that you only become aware of it if you're in

0:46:24.960 --> 0:46:28.560
<v Speaker 2>a particular vantage point, and it's hard to get to

0:46:28.600 --> 0:46:34.120
<v Speaker 2>that vantage point without being part of the issue, you know,

0:46:34.200 --> 0:46:37.319
<v Speaker 2>without being sort of like, it's hard to know that

0:46:38.000 --> 0:46:42.240
<v Speaker 2>the Kennedy School at Harvard is funded by oil unless

0:46:42.239 --> 0:46:44.920
<v Speaker 2>you're a professor at the Kennedy School, right And at

0:46:44.920 --> 0:46:47.680
<v Speaker 2>that point, you're you're not likely to point that out

0:46:47.719 --> 0:46:51.960
<v Speaker 2>to the public, at least not without risking your career

0:46:52.239 --> 0:46:55.839
<v Speaker 2>or some prospects. So it's the it's one of these

0:46:55.840 --> 0:46:58.520
<v Speaker 2>things it's hard for people to become aware of it

0:46:58.560 --> 0:47:00.880
<v Speaker 2>if they're not, if they don't have already a vested

0:47:00.920 --> 0:47:04.719
<v Speaker 2>interest in maintaining it the way it is. So I

0:47:04.719 --> 0:47:08.400
<v Speaker 2>think finally that's beginning to change. And I don't want to,

0:47:08.920 --> 0:47:13.880
<v Speaker 2>you know, criticize, and I don't mean to criticize all economists,

0:47:14.960 --> 0:47:19.200
<v Speaker 2>because you know, this is a particular approach that I'm

0:47:19.200 --> 0:47:23.120
<v Speaker 2>talking about that unfortunately has become that for at least

0:47:23.120 --> 0:47:26.680
<v Speaker 2>for a long time, very dominant in the United States

0:47:26.680 --> 0:47:30.279
<v Speaker 2>at least, But it's a very diverse discipline, and I

0:47:30.320 --> 0:47:35.080
<v Speaker 2>think now lately there are more and more economists who

0:47:35.080 --> 0:47:39.879
<v Speaker 2>are doing really high quality work to look at, you know,

0:47:40.000 --> 0:47:43.399
<v Speaker 2>how much does like sea level rise cost in terms

0:47:43.440 --> 0:47:47.400
<v Speaker 2>of damage when you get a very different view of

0:47:47.440 --> 0:47:49.880
<v Speaker 2>the cost of climate change if you use that bottom

0:47:49.920 --> 0:47:54.000
<v Speaker 2>up approach rather than the sort of pre determined top

0:47:54.080 --> 0:47:58.359
<v Speaker 2>down approach that was being used before. So it's also

0:47:58.560 --> 0:48:02.440
<v Speaker 2>largely a matter of methodology, and this is beginning to change.

0:48:02.440 --> 0:48:05.120
<v Speaker 2>And I think, you know, why is it important whether

0:48:05.160 --> 0:48:10.240
<v Speaker 2>the industry is funding the work? Well, you know, now,

0:48:10.440 --> 0:48:14.719
<v Speaker 2>like if the industry is is not as dominant, then

0:48:14.760 --> 0:48:18.560
<v Speaker 2>there is going to be that room for you know,

0:48:18.640 --> 0:48:24.319
<v Speaker 2>other economists to use different different approaches, right right, right,

0:48:24.360 --> 0:48:27.640
<v Speaker 2>And you know it's all a matter of what gets

0:48:27.680 --> 0:48:29.160
<v Speaker 2>amplified and what doesn't.

0:48:29.400 --> 0:48:32.040
<v Speaker 1>I'm curious about that because I feel like with a

0:48:32.040 --> 0:48:38.640
<v Speaker 1>lot of the kind of more obvious oil funding of research,

0:48:38.800 --> 0:48:43.239
<v Speaker 1>you know, them funding research into energy alternatives and things

0:48:43.280 --> 0:48:44.480
<v Speaker 1>like that, that.

0:48:44.400 --> 0:48:47.160
<v Speaker 3>There is pretty clearly laid out.

0:48:47.280 --> 0:48:50.000
<v Speaker 1>I mean like actually Stanford even has had this on

0:48:50.120 --> 0:48:51.600
<v Speaker 1>their website for.

0:48:51.719 --> 0:48:54.080
<v Speaker 2>The Global Climate Energy Project.

0:48:54.480 --> 0:48:57.120
<v Speaker 1>Yeah. Yeah, they had like on their website sort of

0:48:57.160 --> 0:49:00.279
<v Speaker 1>you know, here's how we select projects, and here's two

0:49:00.400 --> 0:49:03.440
<v Speaker 1>ways in where And I mean they just straight up

0:49:03.600 --> 0:49:07.840
<v Speaker 1>admitted that the funders had the final call on what

0:49:07.920 --> 0:49:10.759
<v Speaker 1>would get funded for research. But I don't think that's

0:49:10.800 --> 0:49:13.080
<v Speaker 1>the case with the economic stuff. And it's also just

0:49:13.120 --> 0:49:16.280
<v Speaker 1>not as not as straightforward. So did you get any

0:49:16.320 --> 0:49:18.200
<v Speaker 1>have you ever, you know, from any of these things,

0:49:18.200 --> 0:49:24.040
<v Speaker 1>gotten any sense of how much fossil fuel companies are dictating.

0:49:23.840 --> 0:49:25.279
<v Speaker 3>You know, what they want.

0:49:25.320 --> 0:49:27.480
<v Speaker 1>I guess if the API is commissioning a study from

0:49:27.520 --> 0:49:29.200
<v Speaker 1>an economist, they're just straight up.

0:49:29.080 --> 0:49:32.640
<v Speaker 3>Telling them what. But I wonder if it's that direct

0:49:32.680 --> 0:49:34.719
<v Speaker 3>in university.

0:49:34.160 --> 0:49:37.759
<v Speaker 2>Research, Yeah, I think it varies what I've seen is

0:49:37.760 --> 0:49:41.359
<v Speaker 2>that it doesn't have to be that direct in order

0:49:41.400 --> 0:49:44.080
<v Speaker 2>to have an effect. You know, if you think about

0:49:45.480 --> 0:49:48.480
<v Speaker 2>you have an entire field, let's say climate economics or

0:49:48.600 --> 0:49:51.919
<v Speaker 2>environmental economics as a field. You know, if you're an

0:49:51.960 --> 0:49:57.160
<v Speaker 2>industry like the oil industry, you can send someone to

0:49:57.480 --> 0:50:02.520
<v Speaker 2>all the environmental economics conferences around the country, right and

0:50:02.600 --> 0:50:05.640
<v Speaker 2>monitor the research that people are doing. And there are

0:50:05.680 --> 0:50:09.759
<v Speaker 2>certain paradigms and people frankly, but you know, if you

0:50:09.800 --> 0:50:12.200
<v Speaker 2>think about their work in terms of a paradigm, what

0:50:12.239 --> 0:50:17.800
<v Speaker 2>they're interested in, what they're not. There are certain paradigms

0:50:17.800 --> 0:50:20.719
<v Speaker 2>that are helpful for the industry and others that are not,

0:50:22.239 --> 0:50:26.720
<v Speaker 2>or more or less of course, and simply by funding

0:50:26.800 --> 0:50:31.040
<v Speaker 2>certain things, you amplify that thing, and that takes up

0:50:31.120 --> 0:50:36.360
<v Speaker 2>more space than what have otherwise, And so the recipient

0:50:36.400 --> 0:50:41.480
<v Speaker 2>doesn't necessarily have to be even aware, you know, that

0:50:42.239 --> 0:50:45.200
<v Speaker 2>they're getting this money for any sort of strategic reason

0:50:45.200 --> 0:50:47.400
<v Speaker 2>on the part of the industry. And I think often

0:50:47.680 --> 0:50:50.960
<v Speaker 2>the recipients either are unaware or they don't like the idea,

0:50:51.080 --> 0:50:54.080
<v Speaker 2>so they kind of ignore it the possibility. But you know,

0:50:54.200 --> 0:50:57.960
<v Speaker 2>I mean that's why in this new research I open

0:50:58.040 --> 0:51:03.240
<v Speaker 2>it with this quote from from a handbook from nineteen

0:51:03.280 --> 0:51:05.120
<v Speaker 2>seventy eight, and this is sort of you know, earlier

0:51:06.280 --> 0:51:09.279
<v Speaker 2>on in the sort of modern regulatory state in the

0:51:09.400 --> 0:51:12.480
<v Speaker 2>United States. You know, a lot of regulatory policies being

0:51:12.520 --> 0:51:16.239
<v Speaker 2>passed in the seventies, and so the big companies are

0:51:16.239 --> 0:51:18.319
<v Speaker 2>trying to figure out, well, how do we respond to

0:51:18.360 --> 0:51:24.680
<v Speaker 2>this new regime. And in this in this handbook written

0:51:24.719 --> 0:51:28.440
<v Speaker 2>for regulated industries to basically game the system, you know,

0:51:28.520 --> 0:51:31.799
<v Speaker 2>it says one of our main recommendations is to co

0:51:31.840 --> 0:51:35.640
<v Speaker 2>opt the experts. You know, And it says, you know,

0:51:36.640 --> 0:51:40.440
<v Speaker 2>this policy is made, you know, with the participation of experts,

0:51:40.520 --> 0:51:44.640
<v Speaker 2>especially academics. It says a regulated firm or industry should

0:51:44.680 --> 0:51:48.520
<v Speaker 2>be prepared whenever possible to co opt these experts. This

0:51:48.680 --> 0:51:51.440
<v Speaker 2>is most effectively done by identifying the leading experts in

0:51:51.480 --> 0:51:55.239
<v Speaker 2>each relevant field and hiring them as consultants or advisors,

0:51:55.400 --> 0:51:58.759
<v Speaker 2>or giving them research grants and the like. It requires

0:51:58.920 --> 0:52:02.920
<v Speaker 2>a modicum of must not be too blatant for the

0:52:02.920 --> 0:52:07.319
<v Speaker 2>experts themselves, must not recognize that they've lost their objectivity

0:52:07.320 --> 0:52:10.440
<v Speaker 2>and freedom of action. And at a minimum, it reduces

0:52:10.480 --> 0:52:13.800
<v Speaker 2>the threat that these experts will testify against the industry

0:52:13.920 --> 0:52:17.440
<v Speaker 2>or right against the interests of the of the industry.

0:52:17.680 --> 0:52:20.719
<v Speaker 2>You know. So this was recognized as as a major

0:52:20.760 --> 0:52:26.520
<v Speaker 2>central pillar of all regulated industry strategy counter regulatory strategy,

0:52:27.040 --> 0:52:28.600
<v Speaker 2>you know, from very early on, you know, from the

0:52:28.640 --> 0:52:31.120
<v Speaker 2>nineteen seventies. So you know, in the case of climate,

0:52:31.200 --> 0:52:32.880
<v Speaker 2>you know, I think what we see is that there

0:52:32.880 --> 0:52:36.200
<v Speaker 2>are certain areas, like, you know, the fossil fuel industry

0:52:36.239 --> 0:52:40.640
<v Speaker 2>really hates renewable portfolio standards, you know, because I mean,

0:52:40.960 --> 0:52:43.360
<v Speaker 2>you know, maybe your guess is as good as mine is.

0:52:43.360 --> 0:52:46.799
<v Speaker 2>I'm not like super expert renewable portfolio standards, but my

0:52:46.840 --> 0:52:49.520
<v Speaker 2>impression is that they're they're hard to gain. You know.

0:52:49.560 --> 0:52:52.359
<v Speaker 2>It says you have to have this much renewables by

0:52:52.400 --> 0:52:56.880
<v Speaker 2>this year, right, It's very straightforward, right, you know, it

0:52:57.040 --> 0:52:59.480
<v Speaker 2>seems that the oil industry would much rather have a

0:52:59.520 --> 0:53:02.680
<v Speaker 2>cap and try aid system that it can game, that

0:53:02.719 --> 0:53:05.759
<v Speaker 2>it can get little you know, concessions with it. Can

0:53:06.000 --> 0:53:08.560
<v Speaker 2>you know, manipulate the price and make it crash or

0:53:08.600 --> 0:53:11.319
<v Speaker 2>make it make it sore, to like mess it up,

0:53:11.600 --> 0:53:13.279
<v Speaker 2>you know, I mean, there's lots of ways to kind

0:53:13.280 --> 0:53:15.360
<v Speaker 2>of mess up a cap and trade system so that

0:53:15.400 --> 0:53:20.600
<v Speaker 2>it just doesn't work right. And you know, so you know,

0:53:20.680 --> 0:53:24.400
<v Speaker 2>I see environmental economists who are big their whole career

0:53:24.520 --> 0:53:27.479
<v Speaker 2>is based on cap and trade and doing paper after

0:53:27.520 --> 0:53:30.319
<v Speaker 2>paper after paper about cap and trade systems and how

0:53:30.320 --> 0:53:31.960
<v Speaker 2>to make it optimal and how to design it for

0:53:32.000 --> 0:53:34.920
<v Speaker 2>this or that. You know, they're getting funded by the

0:53:34.960 --> 0:53:38.960
<v Speaker 2>oil industry, so that becomes the dominant paradigm through which

0:53:39.000 --> 0:53:43.680
<v Speaker 2>people knew environmental policy. Oh, cap and trade is default.

0:53:44.480 --> 0:53:48.680
<v Speaker 2>Other things like renewable portfolio standard. That's that's alternative. That's

0:53:48.680 --> 0:53:51.319
<v Speaker 2>what we that's not as good, you know, that's what

0:53:51.360 --> 0:53:54.040
<v Speaker 2>we think about. Second, that's what we talk about on

0:53:54.120 --> 0:53:56.080
<v Speaker 2>this you know, the last day of class if we

0:53:56.120 --> 0:53:58.720
<v Speaker 2>have time. But the main thing is cap and trade,

0:53:58.760 --> 0:54:02.600
<v Speaker 2>you know, even though there aren't really very many functional

0:54:02.640 --> 0:54:05.600
<v Speaker 2>cap and trade systems in the world, you know, so

0:54:06.360 --> 0:54:10.719
<v Speaker 2>it's like you can influence the entire way people learn

0:54:10.760 --> 0:54:14.160
<v Speaker 2>about the issue. You know. Another great example is hydrogen

0:54:14.239 --> 0:54:17.359
<v Speaker 2>versus electric vehicles. You know, this is another thing I

0:54:17.400 --> 0:54:20.160
<v Speaker 2>noticed when I was looking at industry funding, was you

0:54:20.160 --> 0:54:25.839
<v Speaker 2>know a lot of oil funding for hydrogen future, you know,

0:54:25.880 --> 0:54:30.840
<v Speaker 2>for hydrogen fuel cell vehicles, and like none for electric

0:54:31.120 --> 0:54:34.399
<v Speaker 2>battery vehicles. And I was like, this is sort of weird.

0:54:34.440 --> 0:54:37.360
<v Speaker 2>I mean, do they just think that, you know, hydrogen

0:54:37.480 --> 0:54:41.359
<v Speaker 2>is better and you know, well, I mean, obviously, by

0:54:41.360 --> 0:54:45.239
<v Speaker 2>this point it's clear that at least now, hydrogen you know,

0:54:45.360 --> 0:54:51.600
<v Speaker 2>vehicles are not you know, competitive at least currently. And

0:54:51.680 --> 0:54:53.880
<v Speaker 2>what a lot of people don't realize is that almost

0:54:53.920 --> 0:54:57.359
<v Speaker 2>all hydrogen is made out of natural gas, and so

0:54:58.640 --> 0:55:02.840
<v Speaker 2>a lot of hydrogen, know, presumably would be either largely

0:55:03.040 --> 0:55:08.080
<v Speaker 2>or significantly fossil fuel, you know, just sort of in disguise.

0:55:08.120 --> 0:55:10.399
<v Speaker 2>And you know, so it's these sort of options. It's, well,

0:55:10.440 --> 0:55:13.040
<v Speaker 2>if we have to go to non gas vehicles, we'd

0:55:13.160 --> 0:55:17.280
<v Speaker 2>rather them be hydrogen than battery. You know, it's better

0:55:17.320 --> 0:55:22.120
<v Speaker 2>for us. And so through this selective funding, you know,

0:55:22.600 --> 0:55:26.719
<v Speaker 2>it's it's not that hard to shape the entire discussion.

0:55:27.200 --> 0:55:29.520
<v Speaker 2>And of course, you know, when someone's been receiving funding

0:55:29.520 --> 0:55:33.719
<v Speaker 2>for their research for decades, you know that that certainly

0:55:33.760 --> 0:55:36.520
<v Speaker 2>shapes the way they think. It certainly shapes you know,

0:55:36.560 --> 0:55:41.399
<v Speaker 2>where their allegiances are. You know, it's gonna dissuade them

0:55:41.480 --> 0:55:45.799
<v Speaker 2>from you know, writing against the industry or testifying against it,

0:55:45.880 --> 0:55:48.760
<v Speaker 2>and you know they're going to have connections within the industry.

0:55:48.800 --> 0:55:51.640
<v Speaker 2>They're gonna they're going to promote the industry with their

0:55:51.680 --> 0:55:54.640
<v Speaker 2>students as a place to work. You know, they're going

0:55:54.680 --> 0:55:57.320
<v Speaker 2>to be getting grants. All of these things have an effect.

0:55:58.400 --> 0:56:01.840
<v Speaker 2>So yeah, I think, you know, it doesn't have to

0:56:01.880 --> 0:56:05.160
<v Speaker 2>be so blatant. It doesn't have to be you know,

0:56:05.560 --> 0:56:08.239
<v Speaker 2>like a quick pro quo arrangement.

0:56:08.840 --> 0:56:09.120
<v Speaker 3>Yeah.

0:56:09.360 --> 0:56:12.200
<v Speaker 1>I think about this with with respect to media influence

0:56:12.239 --> 0:56:15.360
<v Speaker 1>all the time too, like people, I don't know. My

0:56:15.800 --> 0:56:19.000
<v Speaker 1>current obsession on that front is the fact that Ted Boutrose,

0:56:19.040 --> 0:56:23.120
<v Speaker 1>who's like Chevron's attorney, works for every major media outlet.

0:56:23.239 --> 0:56:26.520
<v Speaker 1>Not he's CNN's first amen an attorney, but now he's

0:56:26.560 --> 0:56:33.200
<v Speaker 1>also the New York Times first attorney and Reveal and

0:56:33.320 --> 0:56:35.040
<v Speaker 1>he sits on the board of Pro Publica.

0:56:36.920 --> 0:56:38.319
<v Speaker 3>And I'm like.

0:56:38.360 --> 0:56:42.120
<v Speaker 1>Yeah, like he's not doing that because he loves the media.

0:56:41.560 --> 0:56:43.480
<v Speaker 3>You know. I just think about I'm like, well, you know,

0:56:44.080 --> 0:56:44.840
<v Speaker 3>we have a First.

0:56:44.640 --> 0:56:48.359
<v Speaker 1>Amendment attorney, and I talked to him pretty regularly, and

0:56:48.520 --> 0:56:50.239
<v Speaker 1>I talked to him about all kinds of things, and

0:56:50.280 --> 0:56:52.960
<v Speaker 1>he shares his opinion as attorneys are wont to do,

0:56:53.880 --> 0:56:56.399
<v Speaker 1>you know, Like he's a smart guy who I pay

0:56:56.440 --> 0:56:59.200
<v Speaker 1>a lot of money for his opinion. So like I

0:56:59.239 --> 0:57:01.680
<v Speaker 1>listened to his onion on lots of things, you know,

0:57:02.080 --> 0:57:05.279
<v Speaker 1>and the idea that like somehow Ted Brutros is just

0:57:05.360 --> 0:57:08.440
<v Speaker 1>lurking around the hallways like every major media outlet in

0:57:08.480 --> 0:57:11.800
<v Speaker 1>the country, but it has no influence on how anyone

0:57:11.840 --> 0:57:14.360
<v Speaker 1>thinks of climate liability cases.

0:57:15.200 --> 0:57:17.200
<v Speaker 3>Just seems really unlikely.

0:57:20.800 --> 0:57:23.600
<v Speaker 2>Does seem unlikely now that you mentioned it?

0:57:23.720 --> 0:57:26.919
<v Speaker 1>Yes, Yes, I'm like, like it's weird to me because

0:57:26.920 --> 0:57:29.520
<v Speaker 1>I'm like, do not know where the word influence means,

0:57:29.720 --> 0:57:39.480
<v Speaker 1>Like it's not a bribe, Like it's subtle, you know.

0:57:36.440 --> 0:57:39.760
<v Speaker 2>I mean, it is interesting. You know, that's one of

0:57:39.800 --> 0:57:44.040
<v Speaker 2>the oil company's big defenses is their First Amendment defense, right,

0:57:44.520 --> 0:57:49.320
<v Speaker 2>But unfortunately for them, Yeah, I mean you probably know

0:57:50.400 --> 0:58:07.480
<v Speaker 2>the First Amendment does not protect fraudulent communications.

0:58:10.640 --> 0:58:15.280
<v Speaker 1>Drilled is an original production of the Critical Frequency podcast Network.

0:58:15.520 --> 0:58:19.280
<v Speaker 1>This series is a collaboration with Earther, Gizmoto's climate and

0:58:19.480 --> 0:58:21.960
<v Speaker 1>justice site. My co host and co reporter for the

0:58:22.000 --> 0:58:25.800
<v Speaker 1>series is Darna Noor. Our editors are Julia Richie for

0:58:25.880 --> 0:58:30.360
<v Speaker 1>Drilled and Brian Kahn for Earther. Our producer is Juliana Bradley.

0:58:30.600 --> 0:58:34.160
<v Speaker 1>Mixing and mastering by Peter duff Our. Fact checker is

0:58:34.240 --> 0:58:37.320
<v Speaker 1>Trevor Gowen. Music is by Martin Wissenberg.

0:58:37.440 --> 0:58:39.080
<v Speaker 3>Our artwork was created.

0:58:38.680 --> 0:58:42.440
<v Speaker 1>By Matthew Fleming. Our First Amendment attorney is James Wheaton

0:58:42.520 --> 0:58:47.320
<v Speaker 1>of the First Amendment Project. You can find corresponding stories, videos,

0:58:47.360 --> 0:58:51.320
<v Speaker 1>and documents for this series on earther dot com. Thanks

0:58:51.400 --> 0:59:00.919
<v Speaker 1>for listening and we'll see you next time. The down back,

0:59:02.080 --> 0:59:15.680
<v Speaker 1>the down back, then the back, the down back,