tv Pricing The Planet Al Jazeera May 17, 2022 3:00pm-3:56pm AST
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to see were english streaming light all night. you see channels plus thousands of op, grow grams award winning documentaries, and in debt. news reports subscribe to you choose dot com forward slash al jazeera english. ah. hello. i'm emily anglin. anto headquarters is the top stories on al jazeera, a long and bloody sage at the giant as of style steel plant in mary. a pole is coming to an end. more than 260 ukranian fighters have been brought out from the vast complex and cave says it's working to evacuate. those who remained, while russia says the soldiers surrendered and is on the verge of climbing full control of the port city. a tory gate and b reports. after $82.00 days under ground, these wounded ukrainian soldiers of finally leaving the as if stole steel plant or
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russian bosses displaying the letters ed symbolic of its invasion. for months, these fighters from the as of battalion attempted to defend the steel planting, merrier pole, and prevent russian soldiers from completely taking over the port city. but out numbered and overpowered. ukraine says its mission to defend. the plant is over stolen, yacoma, defenders of mary paul fulfilled all the tal vet by their commanders. unfortunately, we do not have the opportunity to unblock as of stole by military means. the fight for the still works and the plight of civilians and fighters trap their captured the world's attention. all women, children, and elderly have already been rescued. president vladimir zalinski says the priority now is to move out the rest of the fight is still in the plant. so dicky deem again, he's called thanks to the actions of the ukrainian military, the international committee of the red cross. and the un,
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we hope that we will be able to save the lives of our guys. there are severely wounded soldiers among those that have been given keianna. i want to stress that ukraine needs ukrainian heroes alive. though seriously wounded, had been taken to a medical facility in the russian control town of novo. as often they could become part of a prisoner swap. ukrainian fighters say they held out in our store for weeks to buy time rest of ukraine to battle. russian forces and secure west and arms needed to withstand russia's assault. but the evacuation marks the end of what could be one of the longest and most bloody battles of the crane war. mary poll is now in ruins, and ukraine says tens of thousands of people have died, victoria gate and be al jazeera. and at least 8 people have been killed when russian jets targeted a village in ukraine. it happened in the chin a heave region in the countries north tal. the others were injured in the attack.
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the original governor has worn citizens to be vigilant against a reins. in the world news, reformist candidates in lebanon have may be games and sundays parliamentary elections. official results have confirmed iran back to his bola and its allies have lost their majority. sadie lines, lebanese forces party have also made gains to become the biggest christian blog. it's the 1st election since the economic crisis and the beirut port explosion, zayna hata has moved from bay rouge. the iranian back has the law along with their allies. they have been stripped from their majority in parliament, but only 3 seats. they 162 seats, but they needed 65 to hang on to their majority in the outgoing parliament. they had some 70 seats, but no other political grouping. no alliance, no party was able to win the parliamentary majority. this is going to be a very fragmented up parliament. a prime minister appointed by members of
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parliament based in east in libya, has left tripoli after fighting between rival armed groups. the unity government in the capital refused to succeed power as ministers arrived to take control u. k. foreign secretary list trust says is she intends to introduce legislation to make changes to the northern ireland protocol. the e u has warned britain against trying to unilaterally alter the post. wrecks had tried deal. there had been warnings, there could be a trade war if no agreement is reached. extreme weather is affecting millions of people across south asia and them in laced health warnings have been issued in northern india way temperatures have reached 49 degrees centigrade. all right, those are the headlines. i'm emily anglin, than used continues here on al jazeera, after pricing. the planet they stay with us. ah
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nature is the el dorado of the 21st century. a new economic sector with promises of huge returns for investors. banks, finance corporation and state are attracted into it. buying landscapes protecting landscapes accumulating though landscapes. it's a phenomenal opportunity to be able to use a business model to achieve sustainability of major endangered species. and forests are treated like financial products. can market succeed where politics have so far failed. but it won't brace at what price. we're not accounting for the losses because we're not accounting for the income. the assets are invisible, the same problem, economic, invisibility, of nature. i one,
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they tend to be free made show us where people we were and this is learn how to protect it and that's didn't have to do something with the money. the j. p. morgan chase is the merrill lynch, is at bank of america. all of these major banks, there, the institutions that invest in the businesses that are doing the projects that are having an effect on biodiversity, positive or negative. so that is who is behind the ecosystem marketplace, who is interested in these market in their potential. and who sits on that boat and committees this wednesday, the 1st 20 years ago, we still thought that nations and politics could save the planet. a 100 heads of state attended the earth's summit in rio, the world's largest gathering. just a handful of corporations will present. why
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at the time the id with business companies helping protect the environment, occurred to no one back in 1992 in that there are some of the were mainly representatives from governments and the few from civil society. and they actually all thought that business was the reason for all our problems. business was bad, christmas worse, damaging the environment or whatever other negative implications there would be. there were business council for sustainable development as her group of some, 200 corporations. many of them actually with her very, but i record on environmental issues like re a team though shelby p set that up and it was creating 92 with a goal of influencing the regional rio. as coming in to decades. multinational corporations have fashioned an effective lobby group. i think we're
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slowly, but certainly moving to a states where it will become equal partners in the discussion. i mean, maybe i'm expressing a hope more than a reality today, but it's certainly a trend that i see happen. only if we go business and governments as equal partners in this debate, will we find the solutions and the scale to the solutions that the world needs. the bat has paid off. at the last earth summit, the united nations rolled out the red carpet for the private companies. you present, if you didn't, you said saw a peasant owners picked up really. the idea would be due to geneva video due to my a vehicle get glass said your to do all these corporations met in a luxury hotel in rio oil, chemical, steel giants,
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themselves regularly accused of practice is harmful to the environment. it means we do have to good management centers, fixed more risks and opportunities. we have to understand our anchor system just to bring that a life a little bit. this is the mostly commitment. no deforestation. think we were the 1st major company to make this kind of commitment and it was pretty clear to us the area that we really needed to think about was biodiversity, and echoes from duke me good say look, put you down. i think you know, so to do it as you know, harsh kit on the for you. okay to, to see if i can come out again to vietnamese achia acquisition media to cancel my phone, restaurant. any thoughts? okay. best thank you. want to expose, is it daddy? sienna dokey nicoli was yes, this year. yeah. to hoshal your present. he said in younger by the and i mean i,
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i like i just horrible bad though paul, in india is where a factory exploded in 1984 releasing 40 tons of chemicals, killing 10000 and causing sickness to another 300000. the same companies that belong to these group, in their real daily activities in their lobby towards government, are loving for exactly the opposite. our loving for our policies that benefit their commercial interest that don't affect their activities, that they don't need to make any structural change. that they can keep on having devastating impact on communities on the environment with it only took 20 years for the banker, the politician walker. and the businessman, a symbolic trinity. to begin speaking in harmony about the environment, both for economic history has been
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a very at the time because it's seen the emergence of multinational corporations. when part of that emergence and part of their success has been through the deregulation and the innovations and flavin capital markets. so basically i do believe that i'm not talking about environmental interests here and that i'm talking about you industrial odyssey eating. so it's actually not above green growth. it is about growth, for instance. thank you, johnson is perceived that chris sin economy come in yellow, multi ample bread virally live local, and i to the let him fuss most pushing because he,
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me into dinner limited. yes. in limited is like up, i see that the really hinted as human as to plymouth. yeah. yeah, mostly dull i sobbed up. i sat ascending, but cameras could have been there, a suffix young for a cookie lunacy. this'll capitana but kill momentum. alcohol in capital l, capital salad. he said, nope, with his crusade, a man in a copy del, in las cruces, we need a clean, more progressive cannon, a green economy, and economy that is good for people. business and the planet parent has been at the forefront of a community of economists, development experts, environmental experts, social science experts, the united nations was converted to, to a point that it's representative for the environment named puff. i'm stuck death. as it's ambassador. today, it's a banker who embodies environmental protection in the name of all the nations of the world, goodwill ambassador, letting us youngest, we need us innocent,
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either sustained, con, btn though. in last, roman thought as billing, but still pretty valid in his planet is to move in concrete, the several k who lemon element the status as well young in a medical illness, eunice were needed in our organization, which is our indigenous peoples organization. we're very concerned about this green economy ah, label. we 1st thought, well, that sounds good, that the economists of the world are starting to appreciate. yeah, the green this of the world, green economy sounds good. but as we started to look at it, we started to see that it was all about privatization of nature. mm. so all the un business corporations, bankers and politicians hole in back together. is there an international plot
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against nature? i'm what if this alliance was the only means of saving the planet? no. environmentalists like the nature conservancy are working with companies like dow chemical and many other companies. sometimes people say to me, mark, why would you work with companies that have such big environmental footprints? and i said, that's exactly why we should work with them. ah, ecological n g is need funds to because protecting nature is expensive and donations are not enough. some have joined forces with multi nationals and find partnership deals. they now have board members coming straight from the business sector. many corporations have also recruited former employees of environmental and g as in
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but in this game, who is influencing hulu? now if you're in the business, the coca cola is and it's pretty easy to help them understand, they should care about nature's ability to produce the clean water they need. and of course they get it. they said what kinds of investments in for us will yield the biggest returns in terms of clean water? now from an old fashioned environmental perspective, you might think, well that's kind of a crass question. but if your goal is to mobilize industrial players, like people in the beverage industry to invest more in nature, it's very important to have answers to those questions. i don't think there's a conflict there to me that's when, when they
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lent their name belen, their logo, they lent their contacts. they lend their expertise to the development of a market that many of them also know will not bring benefits to communities . oh, we would, however, like to believe in this brave new world believed that the bank and the business corporations have changed. ah believed that they have faith in natural capital and are committed to protecting nature. so what if banks and corporations really have woken up to that
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impact and dependence on ecological investment? is it a metamorphosis? oh, green wash. now i'm number says guy, as you may have noticed, i think we can do this, changed the rules of the game. so i'm really looking forward to the next 10 years because it will completely transform the way we run our economies. we will strike a balance between financial or economical success, natural or environmental and social success. and if we can do that, then the vision that i said before, 9000000000 people, all living well, was in the boundaries of the planet, will become a reality. because that's how we them measured way our economy perform. the promise of additional profits, coupled with the desire to improve their image,
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has certainly encourage some businesses to commit themselves to preserving the environment. valet is a mining giant and a member of the world business council for sustainable development. it's train is an institution in brazil. every year from the heart of the amazon to the atlantic ocean, the company transports 100000000 tons of iron or over 500 miles. the population benefits from this valley train as they call it a while and my career review mother. yo, yo do us a real regular most of the wildly valley operates in $38.00 different countries with a turnover of more than $46000000000.00 aware of its ecological impact. the company
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committed itself to the green economy. it decided to reforest sutton areas of the amazon. it is already replanted over one 100000 acres of trees with a further 400000 in the pipeline full body again, does he go? is falling, iowa 5 health and newton, 2012 valley receive the public eye award, the prize for corporate irresponsibility. with these combinations, some of the worst examples of corporate responsibility in the last year have been identified. what is needed is not just a recognition of what is wrong, who say their environmental labor practices, but systemic improve verse. i hope that these awards will raise consciousness of some of the kinds of worst practices that are going on in the world today. what
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did valet do to deserve such an award? what did valet do to trigger the creation of an international victim's organization while spending more than a 1000000000 dollars each year promoting sustainable development along its railway track? there are, amongst other things, 5 factories working 24 hours a day, transforming the all into cast iron in the process, spitting out foul smelling and hazardous smoke. and just below that the village is so poor guy that induced is doris's ears. limping gorman pathways as leaf essentially info. portia, i put in the baby. i gotta know, darcy,
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i mean, your mind can look for more doable, mom. bob, let me see. the 2nd. there's a sequel jerome's i keep s mos mozilla, kensington. this has her stuff done. been up to date to last interview vienna, just thought someone had visited your movie at the forget nothing, but i've given it to doesn't the space of recognition of you that if you the anvil does that we can or something like you f, all we song apple garcia or hear me i'm, we had our summer z i. e that boys went out to chicago. barson stays on. 3 or near sourcing t. r or garza, the mama die for that for about that is in a law for radar sellers here brought out, you know, say the idea will don't off a lot more off our guard wants to douglas good sample you. so i hope lord,
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our value montoya are so sorry. chill our man for to god i use and i use an alarm on even on die, not yet in the eyes of the world. the world of business and shareholders, of course, valley has built a reputation for being green. in the heart of the amazon, the multinational operates the planet's most important iron mine. and even if it willingly plants trees to offset its impact, it also knows how to transform its good deeds into profitable shares for sales on the markets. these investments allow it to be listed on the sustainable development index of the stock exchange. is far without violet. the e. wish she'd do all our valued their hollow crowd. blue is not both of our lord is there saw hash been subbing in dodge ambient? thou home, our former captain novick was watched on michigan subdural bus. so it moved much from nor seattle to get proper image ambient out while claiming to re plant the
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amazonian forest valley is only growing a single species of tree eucalyptus. ah, well that here is your fear, said jack, i'm audibly most by charlotte. you fallen with compact that are as yet are viewed than the soul of things. some fall bottles would require a pre spoken phone to follow him as an arm. no one was in an blag. we're knock on tears. who profess bill lodge with the solemnly was meeker augustine. she couldn't trouble our told lucy is professor key if i live are kinda shamburger dessert than it is eric viewed. so a few miles away in a natural forest. would it be? it'll get it sent if here who fill up the formula financially. ah, for the middle
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a quarter so or, or she was seen that there how she had all the ve, the mears would enforcer. becky, is the saw look huge for them to look unless you the nunez i. e is. is it your threat is bethany blunt with you? thought i board of my orders ak unit, though use or keep thorn soul? i'd argue or kill us, or look at think on saw the absorber. i were the sure. over the last one sided, the eyes procure, microorganisms, wasn't globalized, soul f, m, i paid a more of the can to do a key vice versa. my leland, i mean in 30 years, all the land with eucalyptus will become barren until then the financial markets will have rewarded rally for their green investment. ultimately, the multinational will make even more profit by selling its trees for biofuel,
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disguising a monoculture into a millennia old amazonian rain forest. this is one of the great deceptions of the green economy ally that consists in claiming that markets can protect biodiversity . biodiversity markets are not, ah, an entirely new invention. there are other types of markets with parts of nature that we can look to, to see how they're fountain, and who wins, and who loses when those markets are put in place. delegates from around the world gathered here by the 100 to discuss climate change and its consequences. global warming will be far more permanent. in japan, in december 1997, a majority of countries signed the kyoto protocol janda. they accepted the risks brought by climate change and committed themselves to reduce that greenhouse gas emissions. one leading theory is that it's caused when carbon dioxide and other man made gases are released into the air and trap heat, much like
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a greenhouse science was telling us that we had a problem with carbon emissions in the atmosphere. and we were starting to figure out that the, the ways to solve those problems and of course, for us planting force, maintaining for us and landscapes, our sustainable agriculture activity. um is what people agreed was the, the cheapest and most effective way to a bait which is to pull that carbon out of the atmosphere. it really doesn't matter where it comes from. our work comes out of. so you can have a global trading platform for carbon that's perfect in terms of a global commodity market to you to put in place market mechanisms to reduce the amount of carbon in the atmosphere. the treaty set a global emissions limit which could not be exceeded each industrialized nation that signed the treaty, received a common quota. these credits are then distributed to the polluting industries. if company doesn't use all of its carbon credits, he can then sell them to company b,
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which is exceeded its quota. another possibility is for company be to invest in clean energy sources in a less industrialized nation. what we're trying to do there is to essentially persuade people to take carbon dioxide out of the atmosphere. ah, and stabilize declined, much more, giving them a financial incentive to do that. and they offset system, ah, which for example, allows for offsets the culture of the growth of forests is a way of rewarding people for providing more natural capital. their plight emitted from history kept alive only in the family. tales of those who survived is hard to believe for people who didn't fit the astonishing story of the polish women and children who endured the siberian glass and sought refuge in
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africa, never to return again. an epic odyssey of resilience memory is our homeland. on al jazeera, i've worked it out as their english since it's lord should, as a principal presenter and as a correspondent with any breaking news story, we want to hear from those people who would normally not get their voice is heard on an international news channels. one moment i'll be very proud off was when we covered the depaula earthquake of 2015, a terrible natural disaster on the story that needs to be told from the hall of the affected area. to be there to tell the people story was very important of the time . ah, i was raised in france. these are my grandparents. these are my parents. and this is mean fighting both isis and of the 1st of a 2 part epic tale of a remarkable family. the father,
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the son and the g. hi. part one on al jazeera. oh no, i'm only angry now. don't. hi headquarters. these, the top stories on al jazeera, ukraine's military command says the mission to defend the as of style steel plant is all over. more than 260 ukranian fighters have been brought out from the last stronghold of resistance in the city of marion home. your crime says efforts are underway to rescue more fight is still trapped in the plant asset base has more from to make for the praying in a deputy defendant has says that these individuals at the fight as will be returned
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to bring it to a later date. they haven't told us exactly. and the deputy prime in this deal, and this exchange has been done. in fact, it will be routed ukrainian soldiers and exchange for wounded russian soldiers. now mary open is significant for ukraine fighters. i've been holding the senior popular but they have say, in some of the online video addresses that they feel like done by the politicians and those that remain though they are holding that for wanting to intervene and in some ways so that they can get reformist candidates in lebanon, have made big gains and sundays parliamentary elections. official results have confirmed to run back. his bala and its allies have lost them. and georgie, sadie lined lebanese forces party, have also made gains to become the biggest christian block. a prime minister appointed by members of parliament based in eastern libya, has left tripoli after fighting between rival armed groups. the unity government in
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the capital refused to give up power as ministers arrived to take control us. president joe biden is sending troops back into somali and to help with the fight against armed group our ship. bob, the reverse of the decision made by donald trump full as the election of a new somali president. how san shake, mahmud is taking charge u. k. foreign secretary leads trust, says she intends to introduce legislation to make changes to the northern and protocol. the u has warned britain against trying to unilaterally alter the prost post bricks a trade deal. they have been mornings. they could be a trade wall if no agreement is reached. and north korea is scrambling at sir deal with what is believed to be a major coven 19 outbreak. nearly one and a half 1000000 people have tested positive state chain for pricing. the climate
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kyoto put in place market mechanisms to reduce the amount of carbon in the atmosphere. the treaty set a global emissions limit which could not be exceeded each industrialized nation that signed the treaty received a carbon quota. these credits are then distributed to the polluting industries. if company a doesn't use all of its carbon credits, he can then sell them to company b, which is exceeded its quota. another possibility is for company be to invest in clean energy sources in a less industrialized nation. that's why western companies began investing in protecting nature or planting forests in developing nations. from small businesses to huge multi nationals such as microsoft, disney air, france, or even the giants of the oil industry. uganda has attracted some of these carbon
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investments. ah, ah, ah. for good volumes on the aunt of goblin to house, to nipped measure, the truth. like them advance heights and then you get those values unfit them for the formula. good. the carbon quantities for free of while these men work in a profession that did not exist before the signing of the kyoto protocol on climate change, their carbon hunter's. i'd do is 20.6,
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didn't 9.6 and 5.08 in point one. and 5.4. each ton of c o 2 stored in the trees equals one carbon credit credits which the german company global woods offers to the international market. on balance s as in the one of my eyes. and i had a whole part of you'd sealed by him and he had come under think also shouts out if he carted deezen, so in on him or quinn should office up talk compounds young on an arc, even on and not hiding by thought. soliciting us as chemo should stood carbon hunting continues to be a promising source of future wealth for those 1st pioneering investors. but can these young trees save the climate? can they absorb the pollution from western countries and compensate for the over consumption of natural resources?
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in any case, it's the main solution offered by international politics and the markets to protect the planet. the developed nations pay to have trees planted, rather than trying to change their ways. i'll thin from a 1000 head. tom fletcher off the rim is his wandering reflect, some new gunner van interfere. i knew you want on cornstalk goodwin on dust, and she pushed the amazon, unsealed by the emitter. oh, i'm not 1000. loiter in island yacht median you. ne, as you look at it bending and medical, some puppies. but bill is kitty's inc, as you to compress estel to was thus gone. but i don't know. bank donnell, as i said, the oxy to the kind of wanna go to to put a semi deal bouquet in a little better than mando. i am bosky case study upshaw to be in the painted on the ladder that the cannibal we really status and we became alarmed because the
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numbers weren't adding up. ah, and it was just a false mechanism that was being set up that allows the polluters of the north to continue to expand the combustion of fossil fuels. but i need to talk about that. mila got anti to veil, but that is hopefully that in our ingleby regimental garment, if anybody i know we need to 1000000 wow! on what a k for to 70 there at the rio much i didn't. wow, a fever that i'm that you valid? i'm going to so i don't even go, no, get it. i was sitting, nobody was in a school walkers in. he was able to kick it, gave him fun, estie. but you would you want him to see book 115 m. yup. one, you sent it to evaluate what to not do now,
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what would i be by jim jabar got up to trigger to get a move them to come up with an alter. com camilla thing that touch our lima gal from this into cataloging as you go in the past this plantation and was used often illegally by the villages. but in such a poor country, these people grew just enough to eat or to sell at market or to feed their cattle. but everything changed with the arrival of global woods, who vacancies for forest security manager. the chops to ensure that a forest plantation stays free of damage caused by illegal grazing abilities and qualifications. trained in policing or army skills, including martial arts. for darien, from france and from one. 0. when missed some on golf on. her fun gets
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hide old home on crude, so hutton nausea, i'm not going to begin as abhorrent you've hun on this boast. thus exempts on what has a heavy bonner flung from the house to conflict with young. i'm begin off. he mentioned to these systems. i'm talking about starting to use our trees are for especially in the global south in developing countries in the back yard of indigenous peoples who are brothers and sisters to use it as far as this big carbon market skiing. mm. how should plan be used to live on and grow food auto? we plant trees in order to protect the forests in various locations and africa. the villages have been expelled and the homes burned to the ground.
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in honduras, dozens of farmers have already died protesting against these sorts of expulsions. how can trees be worth more than people are for literally dying? we are dying, it is a form of, of genocide. it is a form of genocide against our people. now nothing can stop the touch of the raging bull bull street. it has barely a 2nd full to the who had trampled underfoot. when it finds new sectors in which to make money. i get the net clatter, filica in viet at that initial shift. if he goes lowering bit of feed, initial set of def gallows boredom when correson blame the deed, butter of tin,
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it like as yet he come above the lady's agonizing camelback. ah, i sail cases which as goofy galloped bulger cather, this mass, it was looked by, hinted animals really mckinney has good quality, but it is interestingly, they use speculation as, as if it were a bad word. right. i don't necessarily see. speculation is always a bad thing. and basically what speculation is, is people taking risks, and hopefully the people who are taking the risks can assume the risks. if they don't pan out. already we've seen millions of dollars being invested in projects that protect forests. why? because people are hoping that they will be able to make money selling carbon credits in the future. they're not making money now. most of them are not making money now. they're speculating during my lifetime
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with plenty of stock market crash, socrates environmental mortgage be liable to crushes, which i'm sure don't resurrection principle record. and in fact, we've actually lived for one of these recently because the price of carbon on the market has collapsed from around $30.00 a ton to less than 3. how can we entrust our future to a market that sometimes recognizes the value of nature? and sometimes doesn't bank of america, merrill lynch and the world bank have announced a plan to offer world bank green bonds to major banks and businesses have offered green bones a monetary product invented by the world bank. they have already issued tens of billions of dollars worth of bonds in order they say to re direct finance to serve the environment. what is the guarantee that this so called green finance benefit plan and
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the likelihood that banks traders ha, will be developing the hardware and software of this new market in a way that benefits them rather than benefits. nature will be the same as was the case in the financial crisis, 20082009. these financial derivatives, financial products that were being traded very rapidly. we're not helping house owners to safely finance their home. no, they were developed and used to increase the profits that backs could make. this is where the financial crisis started. the banks played on the dream of owning your own home. in the usa,
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they used the promise of the solution to live modest households with precarious finances. once the families were no longer able to repay their loans, the house of cards collapsed, leading to the subprime crisis that made millions of americans homeless. the world tipped into a social crisis. we've seen the close cases of financial aid zation. we've seen the collapsible street. we are witnessing around the world, this hungry money, which is only looking at how to make the next profit. devastating economies devastating equal systems, devastating the plane planet. and for them to see that the reason the planet has been destroyed is because there wasn't a price. all we have to do as a map. wherever there was a bryce, the minerals have been mind. the earth has been re weighed ever where there was
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reverence and respect. nature stands in high integrity. the evidence is very, very clear. price has led to degradation and destruction, pricing and financial i. zation is a disease that we have to overcome. it's like a cancer on this planet and in the human mind. flow. but what is the connection between junk bonds, speculators and houses, and forests, insects, and around your towns. in the past, when people wanted to buy a property, they went to their bank to ask for a loan. the bank would assess their ability to repay the loan. the financial crisis made everyone realize that loans were no longer just the domain of banks. in fact, household debts are transformed into securities, bought by investors,
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then split up a mixed in with other debts to create derivatives, more, less risky, therefore more or less profitable. and finally put on to financial markets. one day to many homeowners were unable to continue paying back their debts, triggering a flood of bankruptcies. the world then discovered that some investors had speculated on the inability of homeowners to repay their loans. it's not that big a stretch of an imagination to use the same logic off, dividing up the biodiversity credits and dividing up biodiversity in a sense and saying you can now speculate on the future date of extinction of that species. a worse difficulty the pope was young and puffed don't was it doesn't prove div,
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loopy trysten. prickly doubt to to see sin to put v didn't he sunday put this your house to chris l v a. d space preserve is anita mushy. ash t or pre in the company. this house, they're forcing us g and keep looking at them mid master. he concluded he's clear despite his you, because you 1st started to this base. he said he couldn't ship poodle was on time. he don't yet. and max, she, she gone there, can you put the best you look? jean said i couldn't, did he, this was he learned wizell. so i showed you he's was sony because you hurry next door to now. ok. and booked us the net to do that. you do, you see poems, lebanon booked us. he then booked us on to minus an, or simply wanted on perceived. and i'll speak, you don't see of law come on, give land that he started filling the space,
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the poor guy with yes, the cure diseases are sometimes bad and they lead to the financial biblical. those were bad securitization, but securitization is also can be very, very good. doesn't mean there should be no securitization. that means we must work harder. but just because there's a chance of something going wrong, or just because there's a chance that someone might not like it, should we stop and not do it. i think that would be a foolhardy mistake. but if things were to go wrong, what would the consequences be this time around? is their level of acceptable risk? investment funds are already proposing species portfolios. you could choose 50 around 1030 fly, whole 40 locus credits. the amazon rain forest is already listed on the world's 1st
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green stock exchange. it's playing god. it's pretending to play god. and when we find out and when those who promote the concept, find out that even today they can play god, the damage will be done. for me, the fears a motivated c s. i mean that there are those who actually want to trade nature as if they would love to have the ability to buy and sell species, as you say, well, that's too bad because that's not our job. our job is to ensure that the value is appreciated. recognize internalized. there are others who are politically ill disposed towards any form of capital being recognized and for them, it's a religion they will fight against anything that use of the word economics of capital. some people will say, well, but this is, this is all conspiracy. this is not going to happen. this is not the purpose of
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nature accounting. we don't want that, but how will they prevent this kind of development? once the methodology is either to start speculating on to start up trading, biodiversity, you provide the instruments and the use of those instruments will be out of your hands. at stake is our future on the planet. comey really mortgage that out and place it on the financial markets. lots of banks have committed to protecting species for just 50 years. just enough time to make a profit. yet just a speck of dust, as far as the earth is concerned. he will lucy legislastion, do kelly le valero. it couldn't do need to do then that you often or she or full noticed you small or for speaker that g. o bank law push. save it. when i push pure
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more financial good at you is so said 20 get if me and well, our own onqua blue pretty cheek new piper year. we i new venue economic conceal capone. moss majority de bianca newport news article. samo, me pad 2 fellows b could achieve by the mechanism. keep our met, i said velo, we couldn't am un up that we did 2015 aussie i says join tissue lo, anika former the sally's based a creases ambient title is salinda donna. luckily medical, the listen medical can was domina. he passed that on a low. he got the on this like consensual mother. lucky, the feeney, this even gisela must have pro piano, but a 0 dollar eliquis bill and that will increase the so it was a dollar or level at well families you leave was you will, you saw it was so you just, i saw sagel don't miss her like hulu,
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put us your reminisce you am, i just was a book or less have a look was so i haven't was he also or shall we are at least right. i so he may, i think he's probably lucille coefficient enjoy player. got his account. me hold on . yeah, god, only me detail on amazon to settle this interview proposal, passing only motion good of your new copays, kevin deville, surely beside, warm as we should could. if to something more good to him you were you who but a proof of elaborate food. i plug it into conference room. also bubble got, did you get it will do, you must, will apple attend to pretty feel from that we need to learn to get out of the valuation on the market, which is only price but everything as a price and nothing has value to everything of nature. having value and not being measured and finding other ways for humanity, as humanity for most of its history has done, it has not related to nature's values to race.
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ah, the well to finance toyed with the homes and households of america, sparking a crisis around the world. only a handful of experts fossil, the danger of the mechanisms we engendered. now we all know the same recipes are applied, but this time literally is nature. is it a good idea to leave the planet in the hands? ah, ah ah .
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the journey has begun the faithful world copies on its way to a castle book your travel package to day. hello there, thank you for joining in. here's your headlines for the americas. we had a cluster of some pretty powerful thunderstorm, sun, tornado warnings as well. not too far away from new york. now that disturbance is sweeping across the canadian marathons, particularly wet and windy through the gas bay ink back temperatures have come down as well. toronto, 18 ottawa, it's 70. now this disturbance is also given us a lot of rain for the bahamas in eastern portions of cuba, lot of white weather in nicaragua, costa rica and panama. now through the u. s. gulf states, we've got some high heat here. they see some thunderstorms flare up toward oklahoma and kansas. i take it toward the desert south was the wildfire burning in new mexico has now become the largest in the state's history breezy along that pacific coast of california. and for the pacific northwest, we've got some showers,
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you know, vancouver and canada has yet to hit 17 degrees or above so far. this sierra spring hasn't been that kind to you. after the top end of south america, persistent rain through the pacific coast of columbia storms around the andes, pushing into the amazon, and also went through that atlantic coast of brazil into a french diana, as bob. now if we go round the river plate region, we've got the potential for damaging winds in montevideo, gusting up to 85 kilometers per hour. i saw a visual airline of the june generations. this indigenous community has lived off of what the rain forest provides when they discovered that their territory was being invaded by gold mining projects all along their river community board, a lawsuit against a po to us government. you've won, you want the unprecedented lie just the state to consult communities over oil and mining projects that impact their land and to seek their consent.
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