the, the, there's no limit to how far the dream contains key stuff in your own adventure. now counter and wayne the laura, kyle, this is counting the cost on challenges era, you know, we can look at the mileage of business and speak to nomics this week. they oppose donald trump's policies in 2016, but now very se in tech, executives in silicon valley have sides to work with him. what does a 2nd,

trump presidency mean for 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 bump measures to protect communities and prevent economic losses. and of to decades of operations in nigeria, big oil companies of funding 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 type leaders was marked by tension . now those same executives have rushed to congratulate him on his 2nd presidential victory. big tex wells empower 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 lo suits. on the presence i bind them from. so a ton to the top job could signal policy changes. so how will he stay of the sec? so we'll discuss that with all guess shortly, but 1st tori days and the reports, or whether it's a voted for donald trump, who knows 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 feeling it, you know, most are, these are characters. a special guy is a super genius. we have to protect our geniuses. we don't have that. many of them mosque is one of trumps. biggest supporters donating a $190000000.00 to his election campaign. as you can see, i'm, i'm not just now getting 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 as a his companies including space ex, social media platform ex, formerly 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 with 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 see where the 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 pulled millions of dollars into electing trump in return. they want to help shape future regulation of the industry during the 1st time of donald trump. in the white house, he was a bit skeptical towards crypto and bit chloe, 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 lead just stood up to him quitting advisory councils and challenging some of his policies this time tech lead is from amazon, open a i alphabet microsoft method. apple all posted messages congratulating trump on his victory. i'm pledging to work with him to boost american innovation. victoria guys in b l g 0 for counting the cost. well, joining us now from new york is daniel, i was managing director of web based securities and senior equity. unless great to

have you with us, daniel, what do you make of type lead as ross to congratulate trump, when so many of them opposed him and his policies and his 1st time a book to 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 a big tack, bush or task so especially with most heavily involved in this white house. yeah, that seems like it that you bring up must be so long as he remains in fav. uh is always question mark. so i have a how long that might be. what is he set to gain from this trump presidency? i mean, for him, its been a book 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, i think the tax credits get pulled, probably are in january ones come takes off as,

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 a 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's there's going to be car about. it's going to be sort of a back and forth, but i don't view this going to be dramatically impact supply chain china in via a revolution. there's a comfort level with must being heavily involved in negotiations. it's not just the typical bureaucrats from the belt way and that's okay, 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 look. i think 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 don't worry, was a, under other ministrations, even nearby and regulatory became a bigger and bigger issue with no service or clack 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 will be some sort of and i tag by the con, i'm in cons. been a nightmare for big terabyte. one of the biggest nightmare should be tacked 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 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 the 2018 guys 19. now it's defendant tick tock because of the reality is, you start to go down this path. what happens, the ex members determine the bro mans between mazda and trump, what happens a trip social? so i think the reality is that there's any enemy that, that he's focused on. maybe it's a matter in a google, and that's more shorter to his bad 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 tooth 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 or, i mean you can just swing in terms of acts, but, but if it's not for mosque, i don't think from gets elected. yeah. in terms of all of the support. so it just goes back to this is a bro man's, it's going to continue to increase in terms of models can try it. and i think also in terms of social media book, i think it speaks to it. i don't think we're gonna have any issues in terms of section 2 during the week or she all that in the us from social media. 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 big tact test, a mosque with trump in the white house,

so on that post tonight will end daniel i's 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 on 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 summit and as a by john are under pressure to spend the big on climate change mitigation, outpatient, and disaster relief. but we'll like, we'll put that to our guest in just a moment of this report. really 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 that i needed to get back on my feet. so that's a little bit goodness and but assess, we especially the small businesses shops, buys, need fast help, the money they need to have available funds the now to be able to fix places and start working by the bigger companies. the industrial one is something different type of aide package for machinery. your installation. i see nadia, i'll spell that for you on is 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 seconds 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. got enough time. a was about the, the i for the station of the fact of, of the attachment to going to the beach saturdays using and not to base solution using, getting caught are those sacrifice out there. so in hindsight,

now what do you think of the decision not to improve in that plan? the cost was the $150.00, the media itself, it was there talking of the investment. and the simple cost benefit and benefit analysis was around $15.00. yes. as we saw the plan, so we have had to goes to for to a modem in the lives of fuels. felix says is now renewed interest in his old plans better late than never for each. hollins, for cancelling the cost valencia spain. when a new 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 tag of $100000000000.00 in china. damages tops,

move them to $160000000000.00 this paul decade. earlier this year, type food brains brought funding to the south eastern and central parts of the country, closing 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, the club. she's an owner, a president of the club of room chat, 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. your eyes 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 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 temperature 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 pairs agreement. so the cost to lives and livelihoods are huge. and the final bill is not yet in. mm 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 at outpatient 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 res. 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 both application 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 also 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 gdp. that's like scroll down to here. we just need to know because 2 years 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 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,

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 feel that message is being hugged now in baku. well, well, of late as a, gather the 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 de carbon ization plants 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. and next, 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. and your report why climate scientists has found a private jets 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. we such as found a single our 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, fact vandalism. the signal is a shift in the nation's energy landscape. oil majors are selling that on show assets to buy jerry in groups and investing in the lucrative operations of show in other countries by the opponents of the move, say the firm should be held responsible for cleaning up post oil spills before they leave. no international company is facing greater scrutiny than shell and is one of 5 instructional oral 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 sounds,

environmental activists and a number of communities oppose the deal. the oil giant is being tied up in a string of law suits over environmental restoration and compensation for damages caused by oil spills. the country is regulated continues to pluck the dale, which one is now from london, is kinda 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 nigerian regulates, has a book kick, this particular nigeria and consortium from taking over shells. operations in the country to say thank you for having the i think the regulator has is 5. you should you choose one important piece to like to add this as to the tip of my cio, energy psyched up, also to replicate governments policy. making sure the,

the industry is so stable position. i can get 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 full spent, all the regulators, the government, the joint venture partners can try to formulate to come up with a form in the works the in a way that would benefit more. so what exactly is the problem with the multinational companies need and so on the surface of it, the and digitalization 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 is

a traditional international or company this upgrade to the j 46065. yeah. so we're talking show x on chaperone. boost of this company is a when the right size, and that is, if you look at most of the assets be i'm, but i think we'll send that each of the assets, but it won't print as opposed to such a fault. yes, that's one way. but the other thing is, most of these assets also have agent facilities, placing the before companies looking at where oil fine is today, globally, the new markets, and we have frontier, maybe a comes in point, diana come to it makes more sense for bad boy invest 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? or should these big international companies be responsible for cleaning up the communities of the us 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 copy well, what do you see is this image john c, like creating new companies like se would able to understand the local to the local community issues in making sure what the political, this old or assets about being operated. email very structured, we that seem to, we use the local, the local government to the local communities,

making sure we have a sustainable environment in delivering funding 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 a huge problem that in the niger delta, the situation is actually getting back to the deluca companies like ourselves of being able to engage with the local communities back to and that is helping to for the better relationships with this communities and i just seen by you because look a little more compass, the day of producing close to 20 percent of the budget production. how do these oil resort says benefits communities and the knights of delta because they happens to dates? 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 lot. nigeria needs the dollars 85 percent of dollars in my carry some while. so we all understand that the shortages of foreign exchange and find currency is a correlation between fat lew or productions coming out of my chair with the markets, the blinds which it needs to be kind of covering. very interesting, it's got 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 ex, use the hash tag h a c t c. when you do want office and email counting the cost of out of there a dot net is our address. but as move you online as officer adult. com

slash ctc, that'll take you straight to a 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 or kyle and from the whole team here. thanks for joining us. news is next on which is era. the the latest news, as it breaks, students are left to long to find a battle on their own in a sea of uncertainty and unfolding horror with detailed coverage. even these hospital costs can. so that's a bit face of a treatment, tend to be a graveyards who displace families from the heart of the story. hundreds of thousands of people in the north of gauze, i have little if any food, walter, or health care they're facing up. so collect to conditions unique perspective. we don't want to head to well, when we no longer have any private spaces on the incidence. that's

a scary well on heard voices a year into this genocide, it still remains large. one section connect with our community and tap into conversations you will find elsewhere, but humanity, the number of people who want to stop sending weapons has gone up and up despite what they hear in the mainstream media in the united states. the stream on out to 0 of the . ringback the face content, a story without answering

a single word. the young conventionality of life. witnesses through the lens of the human eye. on out as they are on the new phase in the wall, ukraine, the funds us made no arrangements. sounds that minutes we talk it's inside russia. the other one carry johnston. this is all just here. a nice from day also on the program is radio tax on the hospitals continue unabated across goza by palestinians in the south, desperately need food due to a lack of a prosecution on pause, sentencing the us present and next hush, money cases postponed on $100.00,

still trumped on the ground in an illegal mine in south africa the consent.