in this received event, this economic growth has cost the plant as a number of things that threaten all civilization as we know. and that's the next suspend show for us. for us, us is overhauling entrenched economic systems can help her, but the damage we missed are from degenerative systems to regenerating the living route and meet the business is balancing the books by making the planet as important as perfect. that is that dramatic change for society? are we going to collapse or are we gonna write business critical on tuesday around the lower kyle, this is counting the cost on out of there. i know we can look at the wealth of business and speak to nomics. this week they oppose donald trump's policies in 2016,

but now the very same checked executives in silicon valley have sides to work with him. what does a 2nd trump presidency mean? the big tech pains, devastating floods of on the school. the urgent needs a climate action needed at the top 29 summit, so under pressure to ramp up measures to protect communities and prevent economic losses. and off to decades of operations in nigeria, big oil companies are running for the exit. but why are they leaving? and who will clean up the environmental damage caused by the fossil fuel industry. so he filed to tub the influence of silicon valley during his 1st presidency in 2017. back then donald trump's relationship with tech leaders was marked by tension . now those same executives have rushed to congratulate him on his 2nd presidential victory. a big tax. well,

some power has exploded since trump's 1st presidential time began 8 years ago. but the industry has faced a crackdown on monopolies and a slew of anti trust little suits on the present. i buys and trumps return to the top job codes signal policy changes. so how will he stay of the sec? so we'll discuss that with all guess shortly. but 1st, tori gave some people thoughts with as a voted for donald trump, who not nearly everyone in tech who feel the consequences of a 2nd. trump presidency from social media companies to crypto investors to the firms building. next generation artificial intelligence systems. but no one is likely to benefit more from the 2nd from the tech building. it, you know, mosque is the characters, especially the guys, a super genius. we have to protect our geniuses. we don't have that many of them mosque is one of trump's biggest supporters donating a $190000000.00 to his election campaign. as you can see,

i'm not just now got drunk, mega drums announced he's creating a department of government efficiency headed by musk, with the power to recommend wide ranging cots, federal agencies and changes to federal rules. it could potentially give most a major government contract to the power to regulate the regulators to hold sway over his companies, including space, ex, social media platform, x fool. many twitter boot by mosque for 44000000000 dollars 2 years ago is also expected to go from strength to strength with trump in the white house. despite it being criticized for spreading misinformation during the election campaign to other social media companies may decide to go the same way is ex, shifting the policies over content, moderation and political bias to the right. to avoid fights with a new administration, it remains on clear weather, biden's,

anti trust bottles with tech companies, such as apple methods. amazon will continue on to trump, but the crypto industry is expected to be a big win a crypto executives put millions of dollars into electing trump in return. they want to help shape future regulation of the industry during the 1st time. oh, i don't know. trump, in the white house, he was a bit skeptical towards crypto and typically, but his tune has changed. suddenly, if you take what you said on the campaign trail, where he will position himself as a pro create to come to this in the year when trump won in 2016, some tech latest adapter, him quitting advisory councils and challenging some of his policies. this time tech leaders from amazon, open a i alphabet microsoft method, an apple all posted messages congratulating trump on his victory. i'm pledging to work with him to boost american innovation. victoria gaze and b l g 0 for counting

the cost. well, joining us now from new york is daniel, i'm managing director of web brush securities. i'm senior equity unless great to have you with us. daniel, what do you make of type lead as ross to congratulate from when so many of them opposed him and his policies and his 1st time the book, the reality is a game changer for big tack. it's going to be a lot more deal making. know the con, the f t c is definitely probably gone, and for big tack regulation out the window or more of allows a fair as bush or big tack bush or task. so especially with most heavily involved in this white house. yeah, that seems like you that you bring up must be so long as he remains in save. there's always question mark. so i have a how long that might be. what does he set to gain from this trump presidency? i mean, for him, it's been a book, a move for the ages because autonomous could easily get fast tracked in the us and

that's been really stuck and regulatory spider web also. and in the tax credits get pulled. probably are in january ones come takes office as negative for the industry, negative for jim ford and others boys for task. so because of the scale and scope, so this is from us. it's been champagne moment and he'll have be heavily involved in the terrorists negotiations with china as well. i mean, you mentioned tariffs that let's talk about that. i mean, how are they likely to affect big tech book? i think that there's going to be car about, it's going to be sort of a back and forth, but i don't view that. it's going to be dramatically impact supply chain china in via a revolution. there's a comfort level with most being heavily involved in negotiations. it's not just the typical bureaucrats and the best way, and that's okay, and that's some of what we're seeing here. i mean, this is a goal. the locks moment for tak, reduce it. even though somebody who's new in terms of trying to reality is it's

going to be a golden error of a i had with trump in the white house. is that good for the rest of us? a book? i mean, it's clearly, there will be some issues that we'll see, you know, on both sides of the island and even international. but i think the reality is that it's going to be a much more business friendly us. and i think the most important thing when it comes to big tacking a, a revolution, this is really going to be an auto bond. i mean, it's going to be able to sort of drive is in terms of a autonomy as robotics. and, and do worry was a under other ministrations even under bought and regulatory became a bigger and bigger issue with no service or quite found in the old anti competitive behavior. so i'm, however, do think that trump might keep those policies in place and whether he does or not, i suppose all depends on who he chooses to replace lena. com at the federal trade

trade commission. you know, there'll be some sort of and i'd tag by the con, i'm in cons. been a nightmare for big tech. probably one of the biggest nightmare should be attacked in the last 20 years. her out of the belt way is a huge positive, regardless of who plays replaces her. and it's very important from a regulatory cuz that's been over a means like google, apple and others. we've turned out yet to see what about tech talk. i mean, trump was very and see, take talk during his 1st uh, amazing. so over time that position. now it buys it. be saved in the us. oh, i mean now it's been 180, i mean, ironically in a twilight zone, he started the tick tock band talk a 2018 guys 19. now it's defendant tick tock because of the reality is, you start to go down this path. what happens to ex member and you told me the bro mans between mazda and trump, what happens a trip social? so i think the reality is that there's any enemy that. ready he's focused on maybe

it's a matter and a google, and that's more shorter to his battle right now. tick tock, no chances, there is any band. and what about if we looking at social media is most of tool co x becoming more right wing of the truth social is quite right when. what about facebook? all the social media platforms we going to look at at a swing and the other direction? look, i mean there's definitely been more balance there. i mean, he gives a size swing in terms of acts, but, but if it's not for mosque, i don't think tom gets elected. yeah. in terms of all the support. so it just goes back to this is a bro man's, it's going to continue to increase in terms of mosque and try it. and i think also in terms of social media book, i think it speaks to i don't think we're gonna have any issues in terms of section 2 during do we go see all that in the us from social media, but there's going to be on, on all sides there will be sort of criticism,

but the reality is today is a much better state for the tech task to a mosque with trump in the white house. so on that post to night will end daniel eyes many thanks. indeed for taking the time to join us from new york. thank you. this is one of the most severe weather events in spain's recent history with record breaking rain full floods of devastated cities and towns across the eastern valencia region. where there was an adequate drainage systems and flood defenses. the scale of the damage caused by the flooding is expected to run into the billions of dollars, underscoring the huge cost of climate inaction. that price is rising by the day of spain and all the countries increasingly phase extreme. whether does offices need is gathered at the comp $29.00 summit. and as it by john are under pressure to spend steak on climate change mitigation adaptation and disaster relief. but we'll lay, we'll put that to our guest in just

a moment of this report. roy challenge in valencia. how do you count the cost of a catastrophe? lives lost in bodies, broken psychological trauma. is it financial? spending reels from is devastating flash floods. the hardest hit region of valencia is dealing with all of these hands, just as the final number of dead isn't known yet, nor is the full economic damage have it almost have. but it's us, if we're talking about the some cost, we could be speaking of about 25 to 30000000000. but today we don't have a trustworthy figure which makes the situation with. so we'll help to, they need to get back on my feet. so that's a little less picking us him, but assess we especially the small businesses shops, buys, need fast help, the money they need to have available funds for an hour to be able to fix places and start working by the bigger companies. the industrial, one of the something different type of aide package for the machine or your

installation, or how do you spell that for you on the floods called donna here after the seasonal storm system that caused them to have destroyed businesses and infrastructure and strains. the political fabric of the country rebuilding will be expensive, private as petro sanchez has amounts to a packages. so for the 1st full 11200000000 dollars, the 2nd for $4100000000.00. i talked live 15 points, $3000000000.00 sofa. could it have been avoided? professor felix francis is a hydrologist who in the mid to thousands, worked on a flat prevention plan for the very areas that were devastated with government cost cutting years ago. then most of it was never implemented. the plan a was about the, the, the, i, for the station of the fact of, of the attachment to going to, to the dates are, is using the not to buy

a solution using, getting caught are those sacrifice out there. so in hindsight, now what do you think of the decision not to implement that plan? the cost was the $150.00, the media itself, it was the darkening of the investment. and that simple cost benefit and benefit analysis was around $15.00. yes. as we saw the plan, so we have had to goes to for sure more than 10 minutes of your feedback says this now renewed interest in his gold plans like the never for challenge for cancelling the cost, valencia, spain. what a do you report has found climate relation, whether this offices have cost the global economy to trillion dollars over the past decade. us bore the brunt of the losses at $935000000000.00 over that period.

the reason disruption from harkins helene and milton estimated to have a combined price type of $100000000000.00 in china. damages tops, roll them $260000000000.00 this paul decade. earlier this year, ty, food brains brought funding to the southeastern and central parts of the country, causing severe destruction. under the india flooding of lands live killed hundreds recently with extreme weather events becoming more common every year. the cost upwards of a $110000000000.00 in damages that to which one is now from brussels as some green dixon to clamp. she's an owner, a president of the club of rome. chad, a full and impass of the, of the energy transition commission. very good to have you with us. so much look at spain. now the economics pull out from these plots is tremendous. some 25 to 30000000000. yours predicted in vol. raise report. what are the costs involved? and so i think the costs are huge to infrastructure. and to businesses,

but also citizens lives and livelihoods. this is capable of not being ready for the ada patient that we need to climb and shocks. and it's not only in spain, we're saying that the flooding across europe, but also across the rest of the world, is getting more and more aggravated by the fact that the temperatures spikes are going up so fast actually, i mean, we have to remember that we are getting close to 1.5 degrees, which was the original paras agreement. so the cost to lives and livelihoods are huge. and the final bill is not yet in. hm. so this is the key. there's one other cost right now, which is a political cost. and i think the political games that are happening in terms of the accusations against the current minister there is that he may have who's up for commissioners spot of competitiveness is, is really quite scandalous that we're now using climate change as a political game, which it shouldn't be and especially since that has

a he bad that has been dedicated to ensuring that not only spain shows leadership on climate, but also that actually we do address had optation in her country. well, they might be showing leadership, but they avoided the fraud prevention plan for this area. that was a proposed amount, but any of a cost, $150000000.00 your raise. why did they make that mistake? because this is always the problem, the short term politics around climate change are, are really problematic. the fact that actually countries are not thinking about the long term and that they continuously are scrapping climate programs and environmental programs at a time when we actually need to be investing in, in both outpatient and mitigation. and we're seeing a back tracking, in terms of the net 0 objectives of many of our oil and gas companies. we're seeing the same thing in terms of our governments who for the moment it is true,

are under pressure due to conflicts across the world. whether it be gaza, they're cutting their own budgets in order to give more money for defense with regard to also the ukranian situation. so we need to come back to the reality check of all. so the fact that we will lose 3 percent of g d p at $1.00 degrees. and if we continue to go up to 10 degrees, we could lose or sorry to 3 degrees. we could lose 10 percent of g d p. that's like scroll down to here we just based on that because you're, you're paying now and already countries doing that. so you're saying and the country's leading the way here. so unfortunately, i'm starting to see a real backtracking in terms of putting in place the funding that we need, whether it be at the local level or whether it'd be at the national and the regional level. again, because of the costs that are really being taken by some of the local decision

makers that don't want to spend on actually for the, for protecting the future for its people. and this is the greatest issue that we have. we need to start realizing that the cost of an action is greater than the cost of action. do fill. that message is being hud. now in baku, well, well, of late as a, gather that comp 29. do you think we can see any major achievements from this yet? i'm hopeful that we will get an achievement on finance. i do worry that opening up a cop proceeding with a statement by the president of the cop from as or by john is one that says the oil and gas are a gift from the gods. and i do worry that with the contracts that were sealed last week, again, by the same presidency, that we are demonstrating the hypocrisy of our current governments. the fact of the

matter is that we will not reduce our emissions and shift towards a just transition or a d. carbon is ation plans unless we reduce emissions from oil and gas now. and there is a serious back tracking at the moment and how concerned are you the what the present the of what was about the by john is saying is very much in line. what we're hearing from presidents elect, donald trump, in the us, we, what is his 2nd time going to do for the fight against climate change? to we need to look at the 1st term of donald trump and hope that it will be slightly similar, which is that the us states will continue to push for de carbon is ation. many of them have already invested and have indicated that they will do. we have many of the republican states who actually have also invested and have actually gained from the inflation reduction act that was put in place by binding to shift towards renewables. so we can only hope that local and state actions will continue to move

towards the carbon ization. but clearly from an international perspective, the fact that we have a comp presidency that very much is anchored still and continuing to both explore and also produce fossil energy. and a president in the united states that is going to weaken the epa that is going to weaken the policy of the united states on climate that is incredibly problematic from an international perspective. okay, that is a role of a dismal outlook indeed. so i'm going to take some of the club. thank you for taking the time to join us. thank you. a new report why climate scientists has found 5 objects to be one of the world's west co fits when it comes to c o. 2 emissions last year alone. private jets used by a handful of people were responsible for producing 15600000 tons of carbon dioxide . that's 1.8 percent of o travel emissions. the research published by communications us and environment

found the number of private jets has increased by 28 percent in the past 4 years. emissions over that same period rose a staggering 46 percent, least such as found a single hour flying and a private plane can release more c o 2. and the average person produces in a yeah. it's for decades, international companies have helps nigeria developing oil industry, transforming it into a need include produce up now they want to exit the night to delta region, which is beset with pollution, oil effect, and vandalism. the signal is a shift in the nation's energy landscape. oil majors are selling that on shore assets to buy jerry in groups and investing in more lucrative operations of show and other countries. both opponents of the move say the firm should be held responsible for cleaning up posts. oil spills before they leave. no international company is facing greater scrutiny than shell and is one of 5 international oil

johns but announced plans to do my best from nigeria. shell has been trying to sell is operations to a jury, and that consortium, renee songs, environmental activists and a number of communities oppose the deal. the oil chimes is being tied off in a string of little suits over environmental restoration and compensation for the damages caused by oil spills. the countries regulate that continues to block the deal. what do i need now from london is kind of corinne. c. e o of show line energy international. that's a leading industrial group focused on energy and power investments in sub saharan africa. great to have you with us. let's look at why festival, my jerry and regulates, has a little kick. this particular nigeria and consoles him from taking over shells, operations in the country to say thank you for having the i think the regulator cost is 5. you should you?

jeez, one important piece tonight. you add this as to the chip. imagine energy psyched up . also to replicate governments policy making sure the, the industry is a stable position in the full name. and then before that you choose the view, the reason behind whatever decision is made, what is the make no money. so we know, but the reality is if you look at the majority of the international companies, and then that's estimate of programs, i think they supposed to get the spent, all the regulators, the government's a joint venture partners, can try to formulate the come out of a form in the works the, in a way i would say that more. so what exactly is the problem with the multinational companies needed come the surface of it the and did my station of this industry seems like a good thing. is it because they're leaving behind

a huge mess to clean up the local companies simply can't handle it. i think the best way to look at this is that some package, a global outcome. as a traditional international or company, there's upgrades in like j 46065. yeah. so what to can shout on chaperone boost of this company is when the right size in the portfolio is if you look at most of. ready assets, the among people said that each of these assets but didn't cooperate as opposed to such a fault. yes, that's one thing. but the other thing is most of these assets also have agent facilities. so what seems to be for companies looking at where oil find is the date globally, the new markets of re, of frontier. and then maybe a, comes in point, diana come to, it makes more sense for that. just going back in this new finds new exploration

like to get used. that's bringing new while i'm even behind the old assets that could be better dealt with by the local companies like awesome. what do you think that is going to be best to dealt with by the local companies? oh, should things big international companies be responsible for cleaning up the communities and the that they've damaged? so again, what is very important when it comes to the idea is the pet sodium industry is very clear as to how these to the raffle. a more importantly, how environmental degradation for abandonment of the facilities should be taken care of that is established and that is for the regulator to formulate the process . so just to make sure the delta company, well, what do you see? is this m a john c like creating new companies like south? what able to understand the local to the local community issues in making sure what the ability of this old or assets about being operated in those very

structured we that seem to we use the local, the local government to the local communities, making sure we have a sustainable environment and delivering that nigeria shall desire. so do you think these local companies can overcome many of the problems that the multinational companies have started to face? i'm thinking particularly of oil fact, which is like a huge problem that in the niger delta, the situation is actually getting back to the deluca companies like ah, so they've been able to engage with the local communities back to and that is helping to for the better relationships with this communities. so i'm, i just seen by you because local local congress, the day of producing close to 20 percent of the budget production. how do these oil results, his benefits communities and the knights of delta because they happens today. one

thing is clear, again, i'm going to refer back to bet. so that means that she has, which is coming to know. so he, the loo, established in supporting this is very, very direct. we are putting money towards the community funds in making sure to complete the project, execute just to the benefits of the people and the communities we operate. and this is inter line with government supervision. the joint venture partners, everyone has a line. now judy, it needs the dollars 85 percent of dollars in my carry some while. so we all understand that the shortages of. busy and exchange and find currency. there is a correlation between fat lou or productions coming out of my get here with the markets the lives we should needs to be kind of coming. very interesting to get your opinions on this many thanks taking the time to join us. thank you. and that is also for this week, but remember to get in touch with us on the x is the hash tag h a c t c. we need to, i want talk with an email,

counting the cost of ours is there a dot net is our address. but let's move you online as out. is there a dot com slash ctc? that'll take you straight to our page, which is individual reports links and, and it's neat to catch up on the and that's it for this edition of the content, the cost i'm nora, kyle, and from the whole team here, thanks for joining us. news is next on alex's era. the neils rain forests are some of the world's oldest, but they are no match for the deadly fires that increasingly with through them in the face of man made deforestation. an unforgiving climate change. a young indigenous leader makes all the plans to protect their village. fire beneath

a witness documentary on that jersey. trump has captured the popular vote because look, what happened is this, the fault lines looks back at the election year. huge part of it undeniably, is that you can't fund a genocide with you know, what if you want to win. otherwise, i'm speaking an honest what this means for the future of us on the stuff of a pretty extreme novel, the return of trump on a jersey or the challenges here with the

. ringback the . ready the is well known issues as pricing basically says, a senior reigning advisor holes tools with levon owns prime minister, the hello i'm satisfied of this is on, is there a life from the whole? so coming up on the program as well, talk, it's

a residence indeed. and by law coming 3 members of the same family, $27.00 palestinian science and the tax across calls on friday.