is mean, it cannot be prize. what about the guy that can't afford it? that guy still needs water. al jazeera examines the social, financial, and environmental impact of water privatization loads of water on al jazeera. ah ah, dismissing environmental concerns the biden administration to prove a controversial oil drilling project in alaska. ah,

play you're watching al jazeera ally from jo. how with ne, fully back table also ahead. americans can rest assured that our banking system is safe, your depositors. the us and britain intervened to prevent contagion in the financial world after the collapse of silicon valley back. malawi declares a state of disaster after more than 60 people are killed as tropical psycho and freddie bows to a part of southern africa and history. at the academy awards. michelle jo becomes a 1st asian woman to win best factories as everything everywhere. all at once gets seminars. this is proof that dreams dream big and dreams do come true. and ladies don't let anybody tell you. you are of a posture your pride. ah,

ah, thank you very much for joining us. us present. joe biden has approved a major oil and gas drilling project in alaska. the $8000000000.00 plan led by all giant conical philips phase, strong opposition from climate activists. they say it undermines the net administration sprays to combat climate change and reduce greenhouse gas emissions . in assman comes a day after the government announced limits on drilling oil. in 16000000 acres in alaska and the arctic ocean, the project could produce up to a 180000 barrels of oil a day according to the company. but that also means extracting and using that oil could produce more than 270000000 tons of greenhouse gases over the projects 30 year life. we low is the largest proposed oil drilling plan on us public land and the biggest oil field in alaska, in decades. let's bring in shebra tansy in washington. dc. 4 is so a big deal. it would seem tell us about what's been approved today. while the

bottom in the section says it's scaled back, what was the the original proposal from conoco phillips, which would have been the largest ever drilling project on extraction project on, on federal land. the bureau of land management said they reduced the project by 40 percent, but it's still, it's still massive. as you said, i mean those figures mind boggling when you think about the climate emergency of the planet faces ga, dated 1000000 metric tons of carbon emissions over a lifetime. so that's the equivalent of putting $2000000.00 more calls on the road each year for the greenhouse gas emissions, or if biting just with the strike pan approved 70 new coal fired power plants. it will be built on christine alaskan lammed, about 321 kilometers north of the arctic circle in what's known as the natural petroleum reserve. that's the largest tract of unspoilt federal land on the

continent. it's been controversial, of course. tell us how the biden administration has been responding to the criticism, especially from environmentalists when you mentioned that preemptive strike, a few hours before the announcement we'd heard of these new protections for land in the arctic out in alaska and elsewhere. i know the arctic sea, but you know, i mean, as the very mentally say you come back and destroy one part of the arctic energy, but it would protect you and other let alone the greenhouse gas emission. tow bugging, ran in 2020, all. not allowing any more oil drilling permits on federal land, he broke that pretty quickly over and over the last 2 years. in fact, biting has approve more permit on federal and uneven and trumpet ministration, which as you might remember was all about drill baby drilling. so lipp at this leave the estimates of the amount of greenhouse gas that this project will emanate

over a lifetime of the, of the, of the various drilling sites. go to the center for american progress, it will lead to twice the emissions. then all the renewable energy projects was supposed to come well, the new renewable energy projects on federal landed biting has announced that was supposed to cut emissions by 2030. this was supposed to be a great environmental move, but in fact, actually, central american progress has actually this, these, these drilling sites were produced twice the emissions were going to be covered in the 1st place, so, immensely, immensely controversial, the by did ministration says, look, we would have lost in court, but it was just no point fighting, but environmentalists that you got to fight listen court and there will be litigation will much separately placed against against these these new wells. not least because the department of interior own assessments raised substantial concerns. not just about the greenhouse gas emissions, but about the ecological impact for alaska, for the wildlife water, and the, the quality of life for the, for the various tribes you live them. thank you for that. she,

when she returns the life for his say in washington. and president biden has tried to reassure americans that the country's banking system is safe after the collapse of silicon valley bank. the biggest us bank failure since the 2008 lobel financial crisis. us financial authorities have taken control of silicon valley bank biden says customers and taxpayers won't bear any losses, but those at the top he says will face consequences. the management of these banks will be fired if the bank is taken over by f d. i see the people running the bank should not work there anymore. 3rd, investors in the banks will not be protected. they knowingly took a risk and when the risk didn't pay off, investors lose their money. that's how capitalism works. in a moment will be speaking to christine salome, who's response 5 wall street to see how the market fair reacting. but 1st we go to our white house correspondent, kimberly how get, kimberly. so a significant move there by the,

by the administration to try and restore confidence in america's banking system. tell us more about what he said and what the reactions that they yeah, the use president really trying to reassure the american public that the banking system is safe when. but mostly he's trying to reassure the american public that they're not going to have to pay for it like they did in 2008. and the reason why is because they're still soaring, inflation in the united states, and also politically the president can't afford, as he set to launch his re election campaign to really have american voters angry at him. so what he announced essentially is that, well, this silicon valley bank and also signature bank as of sundays now under federal control that the emergency fund that the banks have been contributing to is what's going to pay for these losses as well. we know that the assets of these banks are going to be sold off to cover these deposit. so what the president is doing is

saying, look at, we took action, but it's different than what we did back in 2008 when congress approved taxpayer funds to help restore the confidence in the banking system. so there what we know is that the investors are going to not be reassured, but certainly those that had their deposits and this exceeds the $250000.00 cap. that is typically reassured in the united states, these are all going to be protected. they're going to have access to their money, and these banks are also going to be able to make payroll. what the president's doing is not only reassuring, but also making sure that outside of the united states there's confidence in the american banking system. thank you for that. kimberly hawkins ly forest in washington dc. i want to show you some live pictures from san francisco right now where customers from san francisco, therefore vs v b bank and lining up we understand trying to get their money out of the bank. let so find out how walter edy is reacting now in cross over to christine salumi,

who's outside the new york stock exchange, jealous about what's been happening on the trading floor so far. well, a lot of nervousness, a lot of volatility in the market today after opening bel, most stocks were trading lower, most of the major indices have now recovered in our back trading and positive territory. but bank stocks, as you may well expect, continue to take a hit. the nasdaq k b w index of commercial banks is down around 10 percent. and that includes names that you've heard of like j. p. morgan chase and city bank. ah, but the regional banks names that you may not know so well are the ones that are really leading the declines. one bank called 1st republic was down 70 percent in that lead regulators here. the stock exchange to stop trading on some of those regional banks that were just plunging too quickly,

too fast. they put the pause button on there. but again, overall the market seems to be recovering a bit. and investors are actually pricing in the fact that because of this, these extreme measures that were taken to shore up the banks over the weekend, that the federal reserve may, in fact, now not raise interest rates as much as had been expected or projected in the coming months of course, are raising interest rates, man to as a way to get a handle on inflation. but investors betting on the fact that maybe now that won't happen. and so seeing some positive out of the negatives of these recent bank closures and not helping the markets overall while banks continue to struggle. thank you for that kristin christine salome live outside. the new york stock exchange. and authorities in the u. k. have also a short taxpayers that they won't be liable after emergency talks. europe's largest bank hsbc septic. to rescue the british division of silicon valley bank at the u. k

. banking system is extremely secure. it's well capitalized and i think we've demonstrated that resilient spy. what was happening over the weekend on the farm, we were able to come up with a solution. so quicker. and her simmons has more and mat from london. it has to be said that the type of investors, the type of investors going for this, our venture capitalists, they got word that the, there was a, a run on this bank, made that more like a sprint with getting viral on twitter and the losses there as soon as the bank declared what it was losing it, it was on the road to nowhere. and of course, this main factor in loss is for the u. k. on the operation, like the u. s. was an over reliance on government bonds as a long term investment. but of course,

interest rates as they've been increasing government bonds go down instead. and that was a colossal problem they had. and as i say, the venture capitalist went in. so you had a situation in the u. k. where over the weekend, very good. high tech companies reliance on this bank where we're working at one earth that we're going to do on monday morning thinking like wouldn't be able to pay that stuff. they wouldn't even be to pay the cleaners that couldn't get access to their bank accounts. there was a real problem and of course it only took 48 hours for the us bank to fall. and of course similar situation with the u. k. one. hey, now the world news malawi has declared his fate of disaster after a powerful storm hit the country for a 2nd time. more than 60 bodies were found on monday, after tropical cyclone freddie and leash, more powerful winds and to renshaw, rain over the weekend. and other 4 people died in neighboring mozambique. the cyclone truce hit southern africa last month. it's a longest lasting storm of its kind on record in the southern hemisphere. really

quite young women in credit muscle. so now it was to bed in the night. but now that it is day time, i can feel the loss. i have never seen something as terrible as this. my neighbor's house is all organic. the family members are gone. they are missing some cases, the father is alive, but the wife and the children are gone. plan with you that i would have written of i'm helping to find the victims. i knew there were bodies that are still buried so far between 20 and 20. 5 bodies been recovered from the debris and ruined houses, and most of them have been very to the hospital, but they all looked dead. i think still ahead on al jazeera, she ging being bows to turn china's military into a great wallace. steel as a us australia and the u. k. and vale, a submarine deal to counter beachy and thousands of junior doctors across england strike demanding better wages to cope with rising.

ah, unflinching questions is war with were warned. the imminent rigorous debate people who are dying because of lack of medical treatment. black labs don't really matter in the police will join me, mark lamond hill for a while now to 0 is not a

quality those me, it makes me happy. makes me feel those. i mean, those made a lou . oh, they're watching al jazeera live from doha reminder of our top stories. the biden administration has approved and major oil and gas rilling project in alaska, known as the widow project. the $8000000000.00 plan led by all giant conical

phillips for a strong opposition from climate activists. and the u. s. president has tried to ease concern over the collapse of silicon valley bank. joe biden says the banking system is safe and that those responsible for the crises will be held accountable. and malawi has declared a state of disaster after trial. tropical cyclone freddy hit the country for a 2nd time. more than 60 bodies were found on monday, and out of 4 people died in neighboring mozambique, a china leader, she ging, paying, has promised to modernize its military into court, a great wallace, steel as tensions wise between bridging in the us. he spoke for the 1st time after being confirmed as president for an historic 3rd term. she has also confir beijing to play a big a role in promoting global security. just days after his diplomats broke at a deal between long time regional rivals, saudi arabia and iran. katrina you report from bridging. closing, china's annual congress and beating president seed in pain cold on the chinese communist party to strengthen the country's economy and security. so syndrome

changer we rosemary, nor effort to live up to the time, to our history and to the people, make our generations do contribution of building a strong nation. where on the realization of national rejuvenation or the military he said must be built into a great wall of steel to safeguards, sovereignty and called hong kong and taiwan inseparable from china. we're see also underlined the need to boost innovation and self reliance or response to you, a sanctioned blocking paintings, access to critical technologies. following the closing ceremony, the new premier held a press conference where he criticized western suppression of chinese firms. he says beijing and washington need to work together. lee chung is tasked with reinvigorating the slowing economy and achieving this year's growth target of 5 percent are made digital antar, currently our economic all polish large. and he has exceeded 120 trading gordon.

and we also faced quite a lot of new challenges to achieve a growth of a raw 5 percentage of sasha high base figure is not an easy task and it will require redoubled efforts. the former shanghai chief is credited with creating a nasdaq staff stock market for the financial center and persuading tesla to build its 1st overseas factory on the cities outskirts, boosting employment, and the private sector are among leads, top priorities. but he's also known for the mismanagement of a brutal, covered 19 lockdown that paralyzed the city for weeks. washers. analysts say li chung's loyalty to she didn't pain always. trump his personal policy preferences. while people think a lot about shifting in positions on as of or the ccp system, especially on the she i thing is um is tightly managed enough such that you know, the, the diplomats, the officials will do what they are told. li chung is just one of several close

allies. seating ping has installed in the top ranks of the communist party. this may need more efficiency when it comes to carrying out his policies, but also less pushback and almost 0 opposition when it comes to his power. katrina, you al jazeera meeting well as china and looks at building its military. the leaders of the u. s. u. k. and australia said to announce planned to provide australia with nuclear powered submarines us present. joe biden is on his way to california where he'll be meeting the u. k and australian prime ministers. many analysts say the arcus security alliance is aimed at countering china is influence in the indoor pacific region. al jazeera, defense editor alice capitalistic space, a strategic alliance signed in 2021 by australia, the united states, the united kingdom. it deepens, defense ties between the 3 countries. it enables them to share more intelligence, swap, defense technology and training, and base u. s. submarines and perth,

but most importantly the united states and the u. k. have agreed to help australia build its own fleet of nuclear power attack submarines. these advanced new subs will give australia's navy a huge leap in capabilities. a mix of american british technology with many of the components made in australia will be a huge boost was trailers, military industrial complex will pack a significant punch using nuclear fuel. the submarines range will be virtually unlimited, will be able to stay under water for far longer equip the long range conventional missiles. they'll be able to attack targets deep in land. advance sensors will be used to hunt down enemies, submarines, and destroy them. these powerful new weapons will be significantly altering the pulse of power in the pacific region. however, china's massive ship building program shows no sign of slowing down. and competition between the regional pause is only set to keep growing. north korea,

same media says pyongyang has testified to strategic cruise missiles from a submarine. the latest launches came just ahead of planned military exercises by the united states and south korea. on monday, the drills nicknamed freedom shield. i said to last 11 days, north korea calls them preparations for a war of aggression from mcbride as more from sol, according to north korea state run media, the 2 missiles were launched from a submarine office east coast in the early hours of sunday morning travelling some 1500 kilometer is supposed to be the 1st time the north has launched cruise missiles in this way. and it comes as it continues to develop its tactical nuclear arsenal of short range weapons to threaten that ne, but principally south korea. monday sees the start of 11 days of joint military drills between us and south korean forces, which always anger the north will be very regrettable that north korea is using our

regular and defensive drills as a pretext for provocation. i hope nursery, i realize that there is nothing they can earn from escalating pensions on the korean pains. these joint drills are largely computer simulated command exercises, but throughout the spring, a series of field drills are planned, involving both u. s. and south korean troops, including amphibious landings and held on the kind of scale not being here since 2017. when again, relations between the north and south were at their most tense in years. the oldest palestinian prisoner had been and he's ready jail has been released after 17 years behind bars. 83. 0 one dash back. he was accused of smuggling weapons going to ship from iran to gaffa, of a height of the 2nd kind of senior uprising that ended in 2005. he originally received a 20, a sentence, which was later reduced tens of thousands of junior doctors in england have begun

a 3 day strike over pay and working conditions and national health service. the action by members of a british medical association is the largest by doctors in the history of the n. a chess and the barbara reports from london. res junior doctor's consulting longer are among tens of 1000 who are on strike. but 3 days pushing what amounts to a payroll of about a 3rd. they say that you needed to make up for a job in real time pay since 2008, accounting for inflation. now there are some of them who work in the accident and emergency departments in a hospital as well as elsewhere. and so the cost is a warning that thousands of people could have treatment affected operations canceled. they are prioritizing critical care and their senior doctors

and consultants being brought in to provide cover. but, but you need to talk to the saying that all ready, there are up to 500 x as deaths every week because of the extra pressures only. and i just saying based joy is the only way that they can actually not just protect their job. but the whole system the bbc has announced that it's present. gary linux is to return to broadcasting. the corporation says anyone will be back on a while. an independent review into social media use is conducted. the ex england player had been suspended from the seas main football program after tweeting criticism of the case new policy on asylum seekers. a united nations back commission says the international community and syrian government didn't act quickly enough after last month's powerful earthquakes. it says they should have been, they should be an investigation into why it took a week to open border crossing. so now 8 into the rebel controlled northwest. more than 50000 people died in the earthquakes,

including over 6000 people in syria. a land side, triggered by heavy rain, has buried several houses in northern brazil, killing at least 8 people. it struck a poor neighborhood in a city of my house. 4 children were among the victories authorities, fear the death toll could rice parts of the u. s. state of california bracing for more downforce after a wave of storms. const severe flooding in the north. thousands of people have been told to evacuate after a river in a central coast region. first its facts by science fiction, comedy, everything everywhere. all at once has won 7 oscars, including best picture of the academy awards in los angeles. the majority asian cast and directing team also made history out here is heidi's, or castro was at the not so red carpet in hollywood the me with and you everything everywhere. all at once, one, almost everything everywhere. among its 7 prizes. best picture. this feels in

credible best director. i once you acknowledge my context, my immigrant parents, my father, who fell in love with movies because he needs escape the world and thus passed that love of movies on to me. my mother, who was a creative soul, who wanted to be a dancer, an actor and singer, but could not afford the luxury of that life. pat. hi, so your best actress making michel yo, the 1st asian woman to win for all the little boys and girls who look like me watching to night. this is the beacon of hope and possibilities. and best supporting actress in 1st time oscar winner, jamie lee curtis. spur ah, indian co star key week 11 best supporting actor, the 1st win for an actor of vietnamese ancestry. my journey started on a boat. i spent a year in a refugee cap,

and somehow i ended up. you are hollywood big this stage? one was a child star who had quit acting due to the lack of rules for ancient actors. ah, brendan frasier also made a triumph, but come back after 9 years without a major part. now, winning best actor for his performance in the whale. the german, phil all quiet on the western front, one best cinematography and best international feature. while indian film are, are, are to best song beating out competition from both lady gaga and rianna. what id. mm hm. done. yeah. and, you know, trying to, being dead on the job, you know what i did? it was in bed on mom of songs. and don don susan did on odd form. you don't want to go to all of the parts of the wood and you know, entertaining them. some of the drama took place even before the ceremony as the stars arrived on the carpet. and notably this year was not read. it is champagne

colored the 1st time when 62 years of oscars history. and in another fresh twist acceptance speeches were posted to social media and audience is invited to interact by scanning q r. codes displayed on their screen. unlike some recent years, the night was free of fiascos with producers hoping the celebration of the craft of cinema alone was enough to draw audiences. heidi joe castro, al jazeera los angeles. that's the news for now inside story is next on al jazeera . ah, ah. hello, we got some rainy the forecast across the middle east. in fact, we saw a little bit of rain here in kata over night going on in to where monday and that

wet weather never really too far away bits and pieces of rain there into iran. cloud and rain to just around sullen end of the red sea, but the really went by the look up towards the level we're looking at. some stormy conditions rolling in from out east the side of the mediterranean. so big down pools that is likely to cause some flooding to parts of a lebanon syria into jordan, pushing further east was across iraq. and just look how these colors become really bright. they're cassette east inside of iraq. as we go on into wednesday, we will see some picked our pause and that, as i said, will cause some localized fighting all the way down to was q way south of that. i think we will be largely dry by the state here in doha, with high around 27 celsius sir. now across the east side of the med, then as i said, there is some unsettle weather around. that'll cool things off in cairo, they'll be some showers around for a time, much of north africa is dry. just noticed, so shall becoming a little more extensive across west africa over the next few days as they should do something that shouldn't be happening though. is freddy,

that's still going the remnants of the storm now it has been downgraded. that will continue to bring heavy rain into most m. b. m allowing ah, well coveted beyond well taken without hesitation for autumn died for power defines how well we live here. we make the rule, not them, they find an enemy, and then they try and scare the people with people and power. investigate exposed is and questions they use and abuse of our around the globe on out. is there a sports casters tweet since one of the world's most respected broadcasters spinning into crisis. the bbc suspend then reinstates it's best paid star, promising a review of its own guidelines. i made questions.