or the the, the hello, i'm adrian instead of getting this is counting the cost on elders. they are your weekly look at the lot of business and economics. this week. donald trump signal is

a dramatic utah on us energy policy. the president says he's unleashing oil. is the american energy landscape being re shape to the how will the rest of the world be affected? big banks of pulled out of climate change groups. so what's behind the ext? there's a financial institution still in the climate fights. trump has pledged to make the us the crypto capital of the world. these launched his own name coins, but is that a conflict of interest when these policies boost his own digital assets as well as crypto currencies? in general, the dramatic to the to fossil fuels president donald trump says that he will increase oil output of unleashed the already booming us energy production industry. he's also the class a national energy emergency, the 1st president to do so. well, oil companies might be celebrating trouble, so pledge to roll back, support for clean energy spelling trouble for that fact. he says his plans are

aimed at the cheating domestic prosperity and curbing inflation since oil and gas prices touch every parts of the economy. the measures could have serious implications across the entire energy landscape from oil feels to wind farms of the ripple effect could be felt worldwide. we'll discuss all of that with, i guess the just a moment. but 1st report from dimitry metaphorical on his 1st day in the office, donald trump made quite the entrance, issuing a flurry of orders, which include declaring a national energy emergency. we will drill baby drill. this will help issue permits the oil and gas produce as much quicker, ignoring ecological concerns. america will be a manufacturing nation once again. and we have something that no other manufacturing nation will ever have the largest amount of oil and gas of any country owners. and we are going to use it,

we use we will bring prices down, feel our strategic reserves up again, right to the top, and export american energy all over the world. trump's decrees include a resumption of liquefied natural gas exports withdrawal from the powers climate deal, something he also didn't moves 1st to an order to allow the us to drill for oil in the arctic. notably in alaska and topping up us strategic oil reserves, which the bite and administration drove to a 40 year low trying to cope gasoline prices. the u. s. is already the largest oil producer in the world on emptier politics. if the us pumps meet oil, the price per barrel could full meaning cheaper gas for consumers. but opec nations can offset that by limiting the own production. keeping global prices stable.

whether they will remains to be seen trumps energy blandly explosive. are going ahead. we know that the terrorist that he proposes to put in place will increase the cost of drilling dramatically. the tubulars i know of many of the oil patch, your currently acquiring tubulars and even hoarding them for the casing. the piping down whole 25 percent increase in the cost of steel coming across $1.00 board or another is going to have a serious impact and again diminished the opportunity to drill more in the united states. you talked about us oil produces needing the price of all to stay above $70.00 a barrel. what will this drill? tradition is underway. we've just been through a horrible winter storm in texas, and it was wind energy. the kept the grid going and alive and operating perfectly

during this, this really difficult ice and snow storm. it's still below freezing right now. uh, president. trump can't put that back in the bag or the reverse that he can slowly keep in mind that the major oil companies understand that we need to reduce our carbon emissions. and in fact, pauline for the last 15 years across united states comes out with the 7576 percent desire by the voters to have a cleaner environment with less submissions. that's where we are going. but keep in mind that more than 10 years ago, before the energy transition was in full swing, the, the assessments for the united states is going to have to spend at least 2 trillion dollars to upgrade the infrastructure of our electricity distribution system. very thing in the united states that infrastructure times has been neglected for several

decades. now, no politician, no electric politician wants to spend money that has to be paid for, but to increase taxes, and that would come from roads or buildings or sewers or water infrastructure and our electricity infrastructure has suffered in the same way. ed, it's been really good to talk to you on counting the cost many. thanks today for being with us. of my pleasure. thank you. donald trump held off on his threat of terrorist on his 1st day as president, but he said he is considering imposing a 10 percent target funding ports of chinese made goods. as soon as the stops of february, not that could impact chinese businesses which have invested heavily in african countries. nicholas hawk reports not from centerville. this chinese own factory instead of go manufacturers, trousers, shirts, and shorts sold in us stores feeding. what manager mohammed sort describes as

americans appetite for past fashion. but with donald trump's return to the white house, he's worried, african countries will be caught in the middle of a trade war between the away from the united states and into the hands of its rivals. nicholas hall county is the right time jago senegal. it aims to accelerate climate action among financial institutions. the u. m. back net 0 banking alliance is a voluntary network of global banks committed to a line lending and investment portfolios with net 0 emissions by 2050. but critics, including the us republican politicians, say that the industry group was effectively coordinating a boy cost of investment in the oil and gas industry. big banks and asset managers on a quick thing. the climate change network ends at b a last week for of canada's biggest lender so that they will be drawing from it too. that's up to 6 of the us as largest banks, quit the group, including jp morgan, goldman sachs, and morgan stanley, by most private focus groups. it, is this purely political?

actually, i don't think it's not. it's very political at all. i think this is just down to a financial or a fiduciary decision. there's pressure from shareholders to show short term returns and excluding high emission companies from your lending portfolio can reduce your returns in the short term. and the politics i think are in that vote of sales, the banks understand those risks and they're going to integrate climate risk as effectively as they can. but these announcements, these, some of the, the, the, the, the lack of commitment to these, to the net 0 bank. the alliance, for example, really reflects, i think of financial decisions by banks to focus on short term returns to a p shareholders. and then you can avoid the politics by just avoiding the terminology that are okay. and the hot button, tongue crypto currency will last bring crypto will generally do thinking into the

main stream. what does is motivation? do you think it's all about making money? of course it is. yeah, i mean it's, it's hard to, to spin it any other way. um, frankly, and, and certainly he asked me in a lot of money in the 1st couple of days. your answer is interesting. the reaction that you've seen, you know, from the crypto community, which has been overwhelmingly negative because, you know, they've been trying, you know, very hard over the past couple years after you know, f t x in, in standby and freedom floated sir re cast themselves as you know, responsible industry that's, you know, just driving innovation and wants, you know, clear rules of the row row so that they can operate. and then along comes, you know, president trump and launch is this just purely speculative crypto currency that serves no purpose whatsoever in the industry recognizes that this is not

a good luck for them, that this could actually undermine a lot of their efforts. they've taken, you know, over the past couple years, you have to come across as, as legitimate. so i actually think it's counterproductive for, for the crypto sector in general and, and as you suggested, i mean, i think it's just no revenue. so in it trades entirely on sentiment, and as we've seen in the past, you know, sentiment is, is simple right now. it's positive, but it could change in a heartbeat, but it's been good still to kind of get the cost. thanks for being with us. thanks for having me. uh that. so i'll show for this week if you'd like to comment on anything that you've seen, i'm at a finnegan on x. please try to remember to use the hash tag h a c t c. you could also drop us a line caching the costs out to 0 dot net is our e mail address. this punch him of you online, out a 0 dot com slash ctc. that takes you straight to our page and they will find individual reports, links, an entire additions for you to catch up. but that's it for this edition of counting

the cost on a tree and put it on the team here. and they'll have face of being with us. the news on alpha 0 is next in connecting communities. adoption was never a benevolent effort. my family didn't need to be separated. my family needed to be supported. this isn't just about korea, this is a global industry opening up the conversation. would you say a conferences are, do people have less stress? because it was me this out that forgets for people who are actually facing the brunt of climate change with fresh perspectives from less or heard voices. the stream explores the key issues of our times on i'll just sierra in the wilderness of northern scandinavia, a semi activist fights for indigenous rights with a needle and thread. after 4 decades of her historic struggle against the

establishment, the nomadic sunny people now face their greatest correct, the climate change witness stages for soft me on al jazeera, the government challenges here with the the hello until mccrae. this is the news allan live from coming up in the next 60 minutes. a central supplies continued to enter cancer,

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