1 00:00:05,200 --> 00:00:08,879 Speaker 1: Welcome back to Drilled. I'm Amy Westervelt. The House Oversight 2 00:00:08,960 --> 00:00:14,520 Speaker 1: Committee has wrapped up its investigation into climate disinformation. They 3 00:00:14,520 --> 00:00:17,560 Speaker 1: haven't released their final report yet, but they have put 4 00:00:17,640 --> 00:00:20,800 Speaker 1: out a memo, and they have also published the last 5 00:00:21,000 --> 00:00:24,319 Speaker 1: batch of documents from the subpoenas that went out in 6 00:00:24,400 --> 00:00:28,160 Speaker 1: this investigation. Between the first batch and dispatch, there are 7 00:00:28,320 --> 00:00:33,159 Speaker 1: about fifteen hundred pages of internal emails, strategy documents, and 8 00:00:33,280 --> 00:00:37,000 Speaker 1: memos from the oil majors and the American Petroleum Institute, 9 00:00:37,040 --> 00:00:40,559 Speaker 1: and they tell a really interesting story. For me, as 10 00:00:40,600 --> 00:00:43,080 Speaker 1: someone who spends a lot of time looking at these 11 00:00:43,200 --> 00:00:46,120 Speaker 1: kinds of documents from the last one hundred years or so, 12 00:00:46,240 --> 00:00:50,320 Speaker 1: what's really striking is just how little the industry's strategy 13 00:00:50,400 --> 00:00:54,280 Speaker 1: has actually changed in the last decades. I guess if 14 00:00:54,320 --> 00:00:57,880 Speaker 1: it ain't broke, don't fix it. I've got longer analysis 15 00:00:57,880 --> 00:01:00,320 Speaker 1: of all of the details in these documents up at 16 00:01:00,440 --> 00:01:04,200 Speaker 1: Drilled podcast dot com and also in the intercept. I'll 17 00:01:04,280 --> 00:01:06,679 Speaker 1: drop links to those in the show notes. But today 18 00:01:06,720 --> 00:01:08,959 Speaker 1: I have with me one of the people who spearheaded 19 00:01:08,959 --> 00:01:13,640 Speaker 1: this investigation, Representative Rocanna. I asked him what really jumped 20 00:01:13,640 --> 00:01:17,000 Speaker 1: out at him in these documents, where the investigation might 21 00:01:17,120 --> 00:01:20,680 Speaker 1: lead in more. That conversation is coming up after this 22 00:01:20,800 --> 00:01:21,560 Speaker 1: quick break. 23 00:01:29,400 --> 00:01:30,720 Speaker 2: Thank you for joining me. 24 00:01:30,800 --> 00:01:31,520 Speaker 3: I appreciate it. 25 00:01:31,560 --> 00:01:34,000 Speaker 2: I'm sure lots of people are asking you questions about 26 00:01:34,000 --> 00:01:36,880 Speaker 2: this report and the new document's coming in, so I'm 27 00:01:36,920 --> 00:01:40,360 Speaker 2: curious to hear, first off, if there was anything in 28 00:01:40,480 --> 00:01:43,840 Speaker 2: this latest batch of documents that particularly jumps out to 29 00:01:43,920 --> 00:01:48,200 Speaker 2: you as very interesting or surprising, or something you want 30 00:01:48,240 --> 00:01:50,240 Speaker 2: to particularly draw folks attention to. 31 00:01:51,320 --> 00:01:51,960 Speaker 3: Two things. 32 00:01:52,160 --> 00:01:59,120 Speaker 4: First, the explicit strategy that greenwashing will give them quote 33 00:01:59,160 --> 00:02:04,200 Speaker 4: a license to further operate in entrenching the fossil fuel industry. 34 00:02:04,600 --> 00:02:07,280 Speaker 4: And you saw that with the American Petroleum Institute and 35 00:02:07,400 --> 00:02:10,959 Speaker 4: Chevron and an MVP and number of companies. The idea is, Okay, 36 00:02:11,000 --> 00:02:16,119 Speaker 4: we'll cut in how we operate our plant, but we're 37 00:02:16,120 --> 00:02:18,760 Speaker 4: going to produce more and ultimately this is going to 38 00:02:18,760 --> 00:02:23,720 Speaker 4: be more emissions, and giving money about being a green 39 00:02:23,800 --> 00:02:27,560 Speaker 4: company actually will allow us to emit more. It's that cynical, 40 00:02:27,560 --> 00:02:30,919 Speaker 4: it's that explicit, it's in the documents. The second thing 41 00:02:31,040 --> 00:02:35,080 Speaker 4: is the culture of bullying, the fact that they want 42 00:02:35,120 --> 00:02:38,840 Speaker 4: bedbug bugs for Sunrise kids in the last tranch of documents. 43 00:02:38,840 --> 00:02:42,080 Speaker 4: And then this tranch. We see that they are going 44 00:02:42,120 --> 00:02:46,400 Speaker 4: after a New York Times reporter, Roco, who covered the hearings, 45 00:02:46,720 --> 00:02:51,800 Speaker 4: pushing her off covering these hearings, trying to silence the 46 00:02:51,880 --> 00:02:55,040 Speaker 4: New York Times and intimidate the New York Times, and 47 00:02:55,080 --> 00:02:57,560 Speaker 4: we see that this has been their strategy with the press. 48 00:02:58,639 --> 00:03:01,960 Speaker 2: That's super interesting actually in the wake of the FTI 49 00:03:02,080 --> 00:03:06,280 Speaker 2: consulting reporting that Heroko did too, and knowing the relationship 50 00:03:06,320 --> 00:03:10,200 Speaker 2: between those guys and Exxon and all of these companies. 51 00:03:09,760 --> 00:03:12,600 Speaker 4: Really Broca's not covering it anymore, so he's been taken off, 52 00:03:12,680 --> 00:03:17,359 Speaker 4: So you know, Unfortunately, the big oil succeeds sometimes when 53 00:03:17,400 --> 00:03:18,960 Speaker 4: they engage in this kind of bullying. 54 00:03:19,240 --> 00:03:21,800 Speaker 2: Yeah, okay. I wanted to talk a little bit about 55 00:03:21,880 --> 00:03:24,880 Speaker 2: the university funding stuff that showed up, I think in 56 00:03:24,960 --> 00:03:27,679 Speaker 2: the BP documents and just the way that they talk 57 00:03:27,720 --> 00:03:33,560 Speaker 2: about how their funding of Princeton in particular and the 58 00:03:33,600 --> 00:03:39,760 Speaker 2: carbon project there allows them to kind of gain insight 59 00:03:39,920 --> 00:03:43,840 Speaker 2: into how their opponents are thinking about these things, and 60 00:03:43,920 --> 00:03:47,720 Speaker 2: also to influence the university and the research that's coming 61 00:03:47,720 --> 00:03:51,240 Speaker 2: out of their something that is a fascination of mind. 62 00:03:51,320 --> 00:03:55,200 Speaker 2: Just why these companies invest so much in university research 63 00:03:55,200 --> 00:03:59,720 Speaker 2: and especially in not just the scientific and technical research, 64 00:03:59,760 --> 00:04:03,400 Speaker 2: but also public policy to have influence there. So I'm 65 00:04:03,440 --> 00:04:05,800 Speaker 2: curious just what you think of that and also the 66 00:04:05,880 --> 00:04:11,240 Speaker 2: extent to which university research does really influence policymaking. 67 00:04:13,640 --> 00:04:18,880 Speaker 4: Well, I am concerned because the huge gifts to these 68 00:04:18,920 --> 00:04:23,440 Speaker 4: research institutions could bias the research. And what you have 69 00:04:23,680 --> 00:04:26,800 Speaker 4: is a strategy by these big old companies to fund 70 00:04:27,040 --> 00:04:30,960 Speaker 4: research both at universities and nonprofits and then have that 71 00:04:31,040 --> 00:04:35,240 Speaker 4: research be seen as quote unquote objective evidence. And we 72 00:04:35,320 --> 00:04:39,280 Speaker 4: need a whole more investigation beyond what our committee did 73 00:04:39,640 --> 00:04:43,039 Speaker 4: on what is the strategy of funding research and how 74 00:04:43,279 --> 00:04:46,680 Speaker 4: objective is that research? And how do you create the 75 00:04:46,720 --> 00:04:49,279 Speaker 4: walls of separation between the fund to get the research 76 00:04:49,720 --> 00:04:50,800 Speaker 4: many which break down. 77 00:04:51,320 --> 00:04:54,640 Speaker 2: Yeah, yeah, I've heard even some of the campus activists 78 00:04:54,640 --> 00:04:58,840 Speaker 2: that are agitating for universities to not take any more 79 00:04:58,839 --> 00:05:01,560 Speaker 2: of this money are asking for step one to just 80 00:05:01,600 --> 00:05:06,800 Speaker 2: be transparency around it. You know that university should disclose 81 00:05:07,040 --> 00:05:09,320 Speaker 2: who they're taking money from and what the terms of 82 00:05:09,320 --> 00:05:10,919 Speaker 2: that money exactly. 83 00:05:10,960 --> 00:05:13,760 Speaker 4: Be a start, just who are you taking the money from, 84 00:05:14,400 --> 00:05:19,360 Speaker 4: what are the conditions? Look if they're giving money to studying, 85 00:05:20,080 --> 00:05:22,760 Speaker 4: you know Shakespearean literature, that's one thing, But if they're 86 00:05:22,800 --> 00:05:27,920 Speaker 4: giving money to have particular research on carbon and climate 87 00:05:28,320 --> 00:05:31,320 Speaker 4: that seems to be much more problematic. That needs to 88 00:05:31,320 --> 00:05:34,479 Speaker 4: at the very least be transparent with clear walls of separation. 89 00:05:35,040 --> 00:05:35,280 Speaker 3: Yeah. 90 00:05:35,360 --> 00:05:39,920 Speaker 2: Do you think that the documents saying what they do 91 00:05:40,000 --> 00:05:44,200 Speaker 2: about this idea of a bridge fuel and gas will 92 00:05:44,240 --> 00:05:47,960 Speaker 2: put sort of an end to that narrative? Do you 93 00:05:47,960 --> 00:05:51,520 Speaker 2: think it makes it harder for these companies to continue saying, Oh, 94 00:05:51,600 --> 00:05:53,840 Speaker 2: it's a bridge, it's a bridge, it's a bridge. Do 95 00:05:53,880 --> 00:05:56,920 Speaker 2: you expect them to stop even trying to claim it. 96 00:05:57,200 --> 00:06:00,440 Speaker 4: Well, the documents, as you see, shows that they really 97 00:06:00,440 --> 00:06:02,080 Speaker 4: believe it's their end destination. 98 00:06:02,320 --> 00:06:04,960 Speaker 3: They internally are not even talking. 99 00:06:05,120 --> 00:06:07,240 Speaker 4: About it as a bridge. They're just talking about it 100 00:06:07,279 --> 00:06:10,120 Speaker 4: as this is what we're going to be moving towards. 101 00:06:10,480 --> 00:06:12,280 Speaker 4: And that's why it's a wake up call. I think 102 00:06:12,360 --> 00:06:16,200 Speaker 4: for many people. If you care about moving to renewable, 103 00:06:16,279 --> 00:06:19,240 Speaker 4: if you care about moving to energy efficiency, that's in 104 00:06:19,320 --> 00:06:23,040 Speaker 4: direct contradiction with the internal goals of these big oil companies. 105 00:06:23,240 --> 00:06:25,679 Speaker 4: I guess my biggest concern with the big oil companies 106 00:06:25,760 --> 00:06:28,440 Speaker 4: is the lack of honesty, right. I mean, if they 107 00:06:28,480 --> 00:06:32,200 Speaker 4: were out there just saying, look, we are all at 108 00:06:32,200 --> 00:06:35,719 Speaker 4: gas companies. We don't care about this emission thing. That's 109 00:06:35,760 --> 00:06:38,479 Speaker 4: not our problem. This is our business model, this is 110 00:06:38,520 --> 00:06:39,240 Speaker 4: what we're going to do. 111 00:06:40,040 --> 00:06:42,560 Speaker 3: Then I would disagree strongly with it. But they're big, 112 00:06:42,560 --> 00:06:43,600 Speaker 3: honest to what they're doing. 113 00:06:44,040 --> 00:06:46,560 Speaker 4: The problem is that's not what they're representing because they 114 00:06:46,600 --> 00:06:48,880 Speaker 4: know the American public will put up with that. They 115 00:06:48,880 --> 00:06:51,080 Speaker 4: know their own shareholders won't put up with that. So 116 00:06:51,160 --> 00:06:53,960 Speaker 4: they're claiming to be something that they're not. They're claiming 117 00:06:54,040 --> 00:06:57,520 Speaker 4: to be greed what they aren't. And it's the duplicity 118 00:06:58,080 --> 00:07:01,840 Speaker 4: that is actually the most aggravate A gets shocking. 119 00:07:02,400 --> 00:07:05,520 Speaker 2: What do you think could be done on the government 120 00:07:05,600 --> 00:07:10,160 Speaker 2: side of things to not enable that duplicity? So you know, 121 00:07:10,240 --> 00:07:13,920 Speaker 2: the US government hasn't exactly been opposed to gas as 122 00:07:13,960 --> 00:07:18,280 Speaker 2: a bridge viuel itself. So to what extent could even 123 00:07:18,400 --> 00:07:21,520 Speaker 2: you know, the EPA fast treking methane rules for example, 124 00:07:21,600 --> 00:07:25,800 Speaker 2: or fast treking implementation of those rules, or I don't know, 125 00:07:26,160 --> 00:07:31,080 Speaker 2: regulating greenhouse gases under TOSCA, as you know, one petition 126 00:07:31,200 --> 00:07:33,480 Speaker 2: has asked them to do. What are things that could 127 00:07:33,560 --> 00:07:37,360 Speaker 2: be done that would maybe not stop the fossil fuel 128 00:07:37,400 --> 00:07:40,080 Speaker 2: companies from claiming these things but make it harder for 129 00:07:40,160 --> 00:07:44,520 Speaker 2: them to successfully make gas the destination. 130 00:07:47,000 --> 00:07:48,840 Speaker 3: Well, we tried and build back better. 131 00:07:48,880 --> 00:07:51,680 Speaker 4: And originally, as you know, there were rules to have 132 00:07:52,320 --> 00:07:56,400 Speaker 4: penalties for methane emissions. They were taken out partly because 133 00:07:56,640 --> 00:08:00,640 Speaker 4: of API at big oils advertising where there were targeting 134 00:08:00,720 --> 00:08:04,920 Speaker 4: specific members of Congress to oppose the methane rules. So 135 00:08:05,040 --> 00:08:08,920 Speaker 4: now it's up to the agency's EPA being the primary 136 00:08:08,920 --> 00:08:13,480 Speaker 4: one to help through executive action to have rules interpreting 137 00:08:13,520 --> 00:08:16,080 Speaker 4: the Clean Air Act and others that give them the authority. 138 00:08:16,400 --> 00:08:19,400 Speaker 4: And I'm hopeful that we will take action on that. 139 00:08:19,800 --> 00:08:23,240 Speaker 4: Methane is even worse in some ways than others. And 140 00:08:23,320 --> 00:08:26,080 Speaker 4: so let's see what EPA does. 141 00:08:26,640 --> 00:08:30,120 Speaker 2: Given that control of the House is shifting, what could 142 00:08:30,120 --> 00:08:33,120 Speaker 2: happen next with the information that's come out in this report? 143 00:08:33,160 --> 00:08:35,520 Speaker 2: Could the Department of Justice get involved? Could we see 144 00:08:35,559 --> 00:08:36,440 Speaker 2: something in the Senate? 145 00:08:36,559 --> 00:08:37,680 Speaker 3: Well, I can tease some news. 146 00:08:37,720 --> 00:08:41,320 Speaker 4: We're going to be sending the documents to a couple 147 00:08:41,320 --> 00:08:45,000 Speaker 4: of key places, and obviously we still control the White House, 148 00:08:45,080 --> 00:08:47,800 Speaker 4: we still control the Senate, so this isn't the last 149 00:08:47,800 --> 00:08:48,719 Speaker 4: of the investigation. 150 00:08:49,240 --> 00:08:49,800 Speaker 3: Okay. 151 00:08:49,840 --> 00:08:53,559 Speaker 2: Interesting, I also wanted to know or just get a 152 00:08:53,600 --> 00:08:55,760 Speaker 2: sense from you of how much do you think the 153 00:08:55,800 --> 00:09:00,120 Speaker 2: current situation with Russia, Ukraine and raising gas prices, all 154 00:09:00,160 --> 00:09:04,520 Speaker 2: of this stuff has impacted this whole conversation. Do you 155 00:09:04,559 --> 00:09:08,520 Speaker 2: get a sense that the oil companies feel like, oh, well, 156 00:09:09,000 --> 00:09:11,000 Speaker 2: no one's going to be paying attention to this stuff 157 00:09:11,040 --> 00:09:14,800 Speaker 2: because we've successfully gotten people to focus on high gas 158 00:09:14,840 --> 00:09:15,760 Speaker 2: prices instead. 159 00:09:15,960 --> 00:09:18,560 Speaker 4: Well, that's definitely the big oil company strategy. But we 160 00:09:18,640 --> 00:09:21,280 Speaker 4: need to push back with the truth. Sheldon white House 161 00:09:21,320 --> 00:09:23,760 Speaker 4: and I have shown how a big oil is actually 162 00:09:23,840 --> 00:09:26,800 Speaker 4: having record profits and that what we need is to 163 00:09:26,840 --> 00:09:30,040 Speaker 4: hold them accountable with a windfall profits tax to lower 164 00:09:30,160 --> 00:09:32,559 Speaker 4: gas prices. And I highly recommend an op ed that 165 00:09:32,640 --> 00:09:35,719 Speaker 4: Sheldon white House wrote with Lindsay Graham saying that if 166 00:09:35,760 --> 00:09:41,720 Speaker 4: America cares about national security and independence from Iran, Saudi Arabia, Russia, 167 00:09:41,800 --> 00:09:44,200 Speaker 4: Venezuela Petro states, the biggest thing we need to do 168 00:09:44,720 --> 00:09:47,160 Speaker 4: is to move to renewable energy to not be as 169 00:09:47,240 --> 00:09:50,560 Speaker 4: dependent on fossil fuelds. So I think that we have 170 00:09:50,679 --> 00:09:53,880 Speaker 4: to do a better job making the national security case 171 00:09:54,480 --> 00:09:58,840 Speaker 4: at this moment of volatility and precarity because of Ukraine, 172 00:09:59,160 --> 00:10:01,880 Speaker 4: where we could say to people Look, we don't want 173 00:10:01,920 --> 00:10:04,319 Speaker 4: to be behold in this Audi Arabia, we don't want 174 00:10:04,360 --> 00:10:06,720 Speaker 4: to be beholden to Russia, and we don't want to 175 00:10:06,720 --> 00:10:09,679 Speaker 4: be beholden to our own big oil companies. Let's really 176 00:10:10,000 --> 00:10:11,880 Speaker 4: double down on renewable energy. 177 00:10:12,320 --> 00:10:15,000 Speaker 2: What's your response to folks who make the argument that 178 00:10:15,600 --> 00:10:19,400 Speaker 2: nationalizing the fossil fuel industry is also a solution to 179 00:10:19,600 --> 00:10:24,240 Speaker 2: the national security problem or reinstituting the export ban, which 180 00:10:24,240 --> 00:10:27,040 Speaker 2: I imagine would be impossible given the deal with the 181 00:10:27,080 --> 00:10:30,520 Speaker 2: EU that we currently have. But yeah, what's your answer 182 00:10:30,520 --> 00:10:32,360 Speaker 2: to those suggestions. 183 00:10:32,880 --> 00:10:35,120 Speaker 4: Well, I'm not for nationalizing it, but I am for 184 00:10:35,160 --> 00:10:38,320 Speaker 4: an export ban exempting our European allies. And that's not 185 00:10:38,440 --> 00:10:42,800 Speaker 4: something radical. That was policy until twenty fifteen, and it 186 00:10:42,840 --> 00:10:46,040 Speaker 4: seems to me we should have some policy that when 187 00:10:46,400 --> 00:10:50,040 Speaker 4: there is volatility on the price of gas, that we 188 00:10:50,400 --> 00:10:54,640 Speaker 4: prioritize the domestic market, and that seems a reasonable thing 189 00:10:54,679 --> 00:10:57,760 Speaker 4: to do the long term. While I support an export ban, 190 00:10:57,880 --> 00:11:01,160 Speaker 4: the real long term solution is a moonshot on renewable energy, 191 00:11:01,360 --> 00:11:03,480 Speaker 4: and we've got to just continue to make the case 192 00:11:03,520 --> 00:11:07,079 Speaker 4: that a moonshut on renewable energy is good for American consumers. 193 00:11:07,120 --> 00:11:10,320 Speaker 4: What better way to lower gas prices than to give 194 00:11:10,360 --> 00:11:13,680 Speaker 4: people an alternative to gas. What better way they have 195 00:11:13,800 --> 00:11:17,320 Speaker 4: national security not dependent on petro states than to have 196 00:11:17,720 --> 00:11:20,240 Speaker 4: a commodity that petro states don't own. 197 00:11:20,559 --> 00:11:22,920 Speaker 3: So I think we have to just be further in 198 00:11:23,000 --> 00:11:23,800 Speaker 3: making that case. 199 00:11:24,200 --> 00:11:26,920 Speaker 2: Do you think that there's a good understanding in the public, 200 00:11:27,080 --> 00:11:29,640 Speaker 2: or in the media for that matter, of how gas 201 00:11:29,679 --> 00:11:33,080 Speaker 2: pricing works, like enough to push back. The industry has 202 00:11:33,120 --> 00:11:37,080 Speaker 2: been very successful at entrenching this narrative that they have 203 00:11:37,200 --> 00:11:40,480 Speaker 2: nothing to do with gas pricing and that it's all 204 00:11:40,520 --> 00:11:44,080 Speaker 2: to do with environmental policy and pour them. Even though 205 00:11:44,240 --> 00:11:47,040 Speaker 2: I do think that the message about profits is starting 206 00:11:47,040 --> 00:11:48,880 Speaker 2: to break through. You know, people are starting to stay 207 00:11:48,920 --> 00:11:52,400 Speaker 2: wait a minute, these companies are historically profitable right now, 208 00:11:52,840 --> 00:11:55,480 Speaker 2: yet they're claiming that they can't do anything about this 209 00:11:55,600 --> 00:11:58,440 Speaker 2: gas price issue. How much do you think that the 210 00:11:58,480 --> 00:12:03,240 Speaker 2: public and the media are are able to push back 211 00:12:03,280 --> 00:12:04,280 Speaker 2: on that narrative. 212 00:12:06,720 --> 00:12:08,719 Speaker 3: Well, I think we need to do more. 213 00:12:08,720 --> 00:12:10,600 Speaker 4: And now they've done a good job in Europe, where 214 00:12:10,640 --> 00:12:13,679 Speaker 4: the big oil companies are paying a windfall profits tax. 215 00:12:13,679 --> 00:12:16,000 Speaker 4: Even conservative governments have done that because in Europe they 216 00:12:16,080 --> 00:12:18,679 Speaker 4: understand that these companies are making huge profits The difference 217 00:12:18,679 --> 00:12:21,520 Speaker 4: here is big oil has big money and they can 218 00:12:21,640 --> 00:12:23,800 Speaker 4: basically have these super packs and they give a lot 219 00:12:23,840 --> 00:12:26,760 Speaker 4: of money to Congress and said it so unlike Europe, 220 00:12:26,920 --> 00:12:31,079 Speaker 4: our politics are distorted by the money and the influence 221 00:12:31,120 --> 00:12:31,720 Speaker 4: of these. 222 00:12:31,600 --> 00:12:32,680 Speaker 3: Big oil companies. 223 00:12:33,040 --> 00:12:36,120 Speaker 4: But we've got to get the facts out there that look, 224 00:12:36,120 --> 00:12:39,280 Speaker 4: we're almost at record production. By twenty twenty three, we're 225 00:12:39,280 --> 00:12:41,400 Speaker 4: gonna have record production in this country. So there's a 226 00:12:41,480 --> 00:12:43,959 Speaker 4: narrative that if we just produced more, that would be 227 00:12:44,000 --> 00:12:47,199 Speaker 4: the issue. That's just not true. We have record production 228 00:12:47,280 --> 00:12:50,320 Speaker 4: on natural gas. What is the issue. The issue is 229 00:12:50,320 --> 00:12:52,199 Speaker 4: that these big oil companies have been making a lot 230 00:12:52,240 --> 00:12:54,560 Speaker 4: of money at a time that they know they could, 231 00:12:54,920 --> 00:12:57,320 Speaker 4: where the price of oil has got up because of 232 00:12:57,440 --> 00:12:58,679 Speaker 4: international markets. 233 00:12:59,080 --> 00:12:59,880 Speaker 3: What is the solution. 234 00:13:00,120 --> 00:13:03,000 Speaker 4: The solution of volatility is to have an alternative product, 235 00:13:03,440 --> 00:13:06,920 Speaker 4: you know, And it's a pretty simple. If cars cost 236 00:13:07,000 --> 00:13:08,440 Speaker 4: a lot of money and then there is a new 237 00:13:08,440 --> 00:13:10,679 Speaker 4: product to be an alternative cars, that'd be less to 238 00:13:10,720 --> 00:13:13,040 Speaker 4: bad for cars. The price would cut out. Yeah, that's 239 00:13:13,040 --> 00:13:13,720 Speaker 4: all we're saying. 240 00:13:14,040 --> 00:13:16,199 Speaker 2: Yeah, I was talking to someone in Europe the other 241 00:13:16,280 --> 00:13:20,120 Speaker 2: day about European companies that are complying with these emissions 242 00:13:20,120 --> 00:13:23,480 Speaker 2: reductions in Europe and fighting them in the US, and 243 00:13:23,520 --> 00:13:27,520 Speaker 2: his comment as well. In Europe, it's sort of like 244 00:13:27,600 --> 00:13:31,280 Speaker 2: everyone accepts the fact that climate policy is going to 245 00:13:31,320 --> 00:13:34,960 Speaker 2: happen in the US, they still think there's a possibility 246 00:13:35,000 --> 00:13:38,560 Speaker 2: that they can stop it from happening or delay it 247 00:13:38,600 --> 00:13:41,960 Speaker 2: another ten years. And I think that we see it 248 00:13:42,000 --> 00:13:45,040 Speaker 2: in these documents too, there's a sense that the fight 249 00:13:45,120 --> 00:13:48,120 Speaker 2: is still on, seeing it in the response to the 250 00:13:48,160 --> 00:13:53,240 Speaker 2: IRA passage too, Like I'm seeing new reports coming out 251 00:13:53,320 --> 00:13:57,360 Speaker 2: that are kind of recycling stuff that people were arguing 252 00:13:57,400 --> 00:14:00,640 Speaker 2: twenty years ago about CO two greening the world and 253 00:14:01,160 --> 00:14:04,360 Speaker 2: how actually carbon emissions are a good thing for us. 254 00:14:04,559 --> 00:14:08,960 Speaker 2: I'm curious what you think about what might possibly put 255 00:14:08,960 --> 00:14:11,200 Speaker 2: an end to this. You know, we've been seeing kind 256 00:14:11,240 --> 00:14:14,079 Speaker 2: of the same talking points and the same strategies from 257 00:14:14,120 --> 00:14:17,760 Speaker 2: these companies for twenty thirty years now, and they don't 258 00:14:17,760 --> 00:14:19,640 Speaker 2: even need to come up with new ones because the 259 00:14:19,640 --> 00:14:22,560 Speaker 2: old ones still works. So having seen all of this 260 00:14:22,640 --> 00:14:24,680 Speaker 2: stuff from these companies, what do you think it would 261 00:14:24,680 --> 00:14:28,480 Speaker 2: take to get them to stop and actually transition. 262 00:14:30,400 --> 00:14:31,720 Speaker 3: One is accountability. 263 00:14:31,800 --> 00:14:34,480 Speaker 4: I mean, I think most people don't know how much 264 00:14:34,600 --> 00:14:38,160 Speaker 4: climate disinformation they've engaged it and there has to be 265 00:14:38,240 --> 00:14:42,600 Speaker 4: some enforcement in the agencies for proof and advertising, so 266 00:14:42,680 --> 00:14:46,400 Speaker 4: there should be requirements that they can't make misrepresentations about 267 00:14:46,400 --> 00:14:50,440 Speaker 4: these issues to their investors, to the American public. There 268 00:14:50,440 --> 00:14:54,640 Speaker 4: needs to be far more public awareness and public campaigns 269 00:14:55,160 --> 00:14:57,120 Speaker 4: to say, Okay, if you're going to claim that you're 270 00:14:57,120 --> 00:15:00,560 Speaker 4: going to meet the parisit courts, where is this, where 271 00:15:00,600 --> 00:15:04,720 Speaker 4: is the investment? And then that can be investor activists driven, 272 00:15:05,080 --> 00:15:08,360 Speaker 4: but ultimately it's going to take congressional standards and the 273 00:15:08,440 --> 00:15:12,880 Speaker 4: enforcement of that by agencies as well as investor activism. 274 00:15:13,480 --> 00:15:16,160 Speaker 2: One of the arguments that the oil companies are making 275 00:15:16,200 --> 00:15:19,840 Speaker 2: in court is a very nuanced free speech argument that 276 00:15:20,080 --> 00:15:25,479 Speaker 2: they say, in service of gaining particular policies is petitioning 277 00:15:25,560 --> 00:15:28,800 Speaker 2: speech and therefore protected by the First Amendment. And I'm 278 00:15:28,840 --> 00:15:30,720 Speaker 2: curious what you think of that argument. 279 00:15:30,800 --> 00:15:34,160 Speaker 4: That's if Exeon wants to say that we should have 280 00:15:34,320 --> 00:15:38,560 Speaker 4: less methane regulation, that's their first Amendment right. But what 281 00:15:38,680 --> 00:15:41,480 Speaker 4: is not their first Amendment right, in my view, is 282 00:15:41,520 --> 00:15:45,320 Speaker 4: to spend hundreds of millions of dollars to influence that. 283 00:15:45,440 --> 00:15:49,200 Speaker 4: Now under this current Supreme Court and Citizens United, unfortunately, 284 00:15:49,240 --> 00:15:53,160 Speaker 4: they've misinterpreted the Constitution to allow big money, but I 285 00:15:53,200 --> 00:15:54,840 Speaker 4: don't think big money is speech. 286 00:15:55,000 --> 00:15:56,960 Speaker 3: And the other thing that's not their right is to 287 00:15:57,000 --> 00:15:57,920 Speaker 3: mislead people. 288 00:15:58,280 --> 00:16:02,720 Speaker 4: So even with free speech, you can't have misrepresentation to 289 00:16:02,960 --> 00:16:07,520 Speaker 4: your investors. Under sec reporting, you can't have misrepresentation to 290 00:16:07,600 --> 00:16:13,360 Speaker 4: the American public. And whether they legally are misrepresenting, certainly 291 00:16:13,680 --> 00:16:15,280 Speaker 4: ethically they're misrepresenting. 292 00:16:15,320 --> 00:16:17,560 Speaker 3: And that's what a lot of the documents are showing. 293 00:16:40,000 --> 00:16:43,200 Speaker 1: That's it for this time and for this year. Big 294 00:16:43,240 --> 00:16:47,000 Speaker 1: thanks to everyone for listening every week. Really appreciate you 295 00:16:47,080 --> 00:16:50,280 Speaker 1: taking the time and spending it with us. Also, super 296 00:16:50,280 --> 00:16:53,240 Speaker 1: big thanks to those of you who are supporting us, 297 00:16:53,360 --> 00:16:57,760 Speaker 1: either by subscribing to the newsletter or subscribing to our Patreon. 298 00:16:58,080 --> 00:17:00,720 Speaker 1: It's literally because of you that we can put this 299 00:17:00,760 --> 00:17:03,480 Speaker 1: out every week. If you would like to support our work, 300 00:17:03,520 --> 00:17:06,720 Speaker 1: go to Drilled podcast dot com sign up for the newsletter, 301 00:17:07,320 --> 00:17:11,080 Speaker 1: or patreon dot com slash drilled. In both cases you 302 00:17:11,119 --> 00:17:14,600 Speaker 1: will get a weekly rundown of climate coverage all the 303 00:17:14,680 --> 00:17:17,520 Speaker 1: stories and studies you should be paying attention to, as 304 00:17:17,560 --> 00:17:21,800 Speaker 1: well as at least monthly, if not more, deeper analysis 305 00:17:21,840 --> 00:17:26,280 Speaker 1: of things happening in the realm of climate accountability. Thanks again, 306 00:17:26,400 --> 00:17:27,840 Speaker 1: and we'll see you next year.