the leaders of canada and mexico have hit back trafficking across us borders. canada's prime minister, justin trudeau, said his against washington. four people have been killed in a drone attack on a boarding school in ukrainian—occupied russia the grammys are being held in la on sunday evening. in grammy history.

hello and welcome to talking business with me, mark lobel. let's have a look at what's on the show. states, where does that leave the renewables industry i'll be finding out from the managing director of commodity strategy at rbc capital markets, and is now the chairman at beyond net zero,

is the second trump presidency a bump in the road wherever you'rejoining us from in the world, a very warm welcome to the show. on day one of his second presidency, donald trump pulled the next item here is the withdrawal from the paris climate treaty. by withdrawing from that treaty. the paris climate agreement. it was signed by barack obama in 2015. it legally binds almost 200 countries to limit global warming.

from the agreement. the agreement on his first day in office in 2021. united states out. and in yet another twist in this tale, the billionaire and former republican mayor of new york mike bloomberg has said his philanthropic agencies will give the united nations climate body, which oversees the agreement, the funds on the campaign trail, he made clear his plans to get oil and gas flowing in greater quantities and killjoe biden�*s multi—billion—dollar support of the green transition, to further defeat inflation, my plan will terminate greatest scam

in history, probably. a $10 trillion scam. in the last few days of his presidency, joe biden�*s administration legally protected almost $100 billion so, other than leaving the paris climate agreement, up permits for oil and gas exploration and roll back environmental protections. he's making drilling for oil and gas in the arctic and along and he reversed president biden�*s targets for electric

the cost of oil. so, could it work? a life member of america's council of foreign relations and sits on the board of directors for the atlantic council. capital markets. helima croft, thank you for joining us on the programme. let's start with the fact that donald trump is doing a lot to free up oil and gas permits and leases... yes. so, he's back to "drill, baby, drill," and he's talking once but the challenge for him is thatjust because you have a looser permitting regime doesn't mean that it's onto the market.

you could make yourselves uneconomic. it's that at what price does fifllllfifi ree £3535? lfiffi? [$3 and he says the aim of it is to reduce inflation. but oil and gas is, as we know, an international market, he do about it? turn on production like a light switch? and so you have to turn to the countries that hence why we are back to the demands that opec basically bring

on more barrels. but again, the challenge is, for the opec countries, is it in their economic interests to significantly lower prices? want to see $50 oil. against their own economic self—interest? how are his calls being received there? clear that they have an opec agreement. the agreement runs through now 2026. they've worked very hard to get that agreement, everyone to agree to it. agreement right now.

able to make the massive investments in the united states? and foreign spending? donald trump has also said that bringing down the cost of oil will speed up the end of the russia—ukraine war. well, i think from his standpoint, he looks we did not essentially go after the key producers early on.

and you give ukraine the weapons, that is a recipe for an extended war, not a short war. so i think what president trump is basically honing in on is, can you essentially close the russian oil atm? helima, we've seen donald trump trying to increase fossil for things like... wind. ..wind energy. yeah, exactly. interesting to see is, you know, the united states has mentioned, we've had, you know, discussion of ease of permitting for fossils and yet restrictions to be allocated...

so, what does that do to the overall trajectory of the development of renewables? and what i think the hope of the climate lobby had been in the united states was that, you know, a number of these jobs that were being generated were being generated in red states. you could essentially build a coalition to keep the policy to be the case. to think about. you know, what is the future going forward without us will it move obviously to europe? with china continuing to potentially dominate

helima, before we go, i want to put you on the spot. there's a lot to wrap into this... yeah. ..but what is your prediction for the outlook of oil prices throughout 2025? donald trump from oil prices. is going to land. if you'd stripped out the donald trump factor, it looks like we will see significant growth potentially coming in from some other...ex—us, non—opec producers. but the trump factor is so outsized. capital markets, thank you forjoining us. thank you. but where does all of that leave america's renewable energy industry? i'm joined by the president of the american council

on renewable energy, ray long. industry right now. well, mark, it's nice to be here. thanks for the question. well, things are a little different right now. certainly different from the past few years ithink, you know, one of the interesting and exciting the united states. about industrial processes being electrified, we're looking at an increase in electricity demand is needed by 2030.

so, that's a lot of electricity that we need and it's an incredible opportunity for all the different projects operated, and it's contributing to the economy. so, i see the policy landscape changing right now happening at the top of washington politics right now? there are no... when you think about the campaigns over the last year and the language that was used, you know, they were going to approach energy and so many other things. so, ithink, you know, we had a realistic road map about how they were going to approach it, what changes

interior — you know, these are people with deep—seated technologies. administration, different from what we saw during the obama administration. but there is no denying a couple of things.

you've been implying that you're going to change your tactics as to how you interact with the trump administration how are you going to do that? what's your new strategy? when you sit across the table from somebody or when you sit on a bus with somebody and you want to get to know language that you can use to talk about things. in this particular case, talking with the trump administration and the president, somebody who has spent a lifetime incubating deals, doing development is to talk about things in business terms. and those relate back to things like, what's the value proposition for customers? what do they actually want to buy? where is the value coming from? jobs orjobs on projects, among others?

are enabling people to put their kids to college or live it's incredibly important that we're talking about, you know, in all of the above energy solution that communicates clearly what these things are delivering on. trump presidency doesn't sound too good for renewables. of the road? you got to remember, i think we're two weeks in, post—inauguration, at this point, so there's just a flurry of activity that's going on on a whole host of different issues. on this initial period. credits for all technologies, how they're going to plan

of different ways. question in a month and maybe two months, and then we'll be just the initial bills that are proposed, but hopefully we'll be well into the legislative process and be able to talk about, you know, how democrats and republicans are working together on some things that have been enormously popular around the united states and throughout the states. talking business. thank you for your time, mark. bp went from standing for british petroleum which invests in companies which come up with solutions

lord browne, welcome to the programme. thank you forjoining us. you're connected at the highest levels in the oil and gas industry and in renewables. do the last few weeks and trump's agenda signal not really, no. i think fossilfuels have been part of today and part of oil and gas with some constraints by opec and price directs activity because most activity,

that support, that financial support for the industry. so, do you think he has done enough to set up the green it was a great start, and i think it was a model across the united states. and obviously over time, it will vary. some of these supports, and i'm sure some of it will be

down a bit of that investment in the united states. are going to take quite an aggressive approach to this, california being one of them. not there yet. and that's despite hundreds of billions put in around the world. two things happening. the first is, we have, actually, a great track record business, were completely crazy. they cost so much money that they were really symbols now, the cost of solar and wind electricity has really dropped

electricity, battery storage getting much cheaper. so i like to think we have a great start. we need, and we can see that day—to—day. of course, the most current one is in al with deepseek, emissions over the next 20 years. and for that, business wants its favoured flavour — and right now, they don't have that. things have become too political, it seems,

people always talk about it, "the stroke of the pen changes my future." jurisdictions, so you get stability by diversification, if you will. so i think that if you really focus on getting things to be you're dealing with energy and industrial processes — with china racing ahead, as you say, with europe still keen, does this put the us at the back of the queue? i think it certainly spices up competition — if you could find intellectual property that really made

so everybody�*s in there racing away. they'd leave the country. they'd leave the country or they'd at leastjoint and secondly, people will be driven more to fill the space, i believe. anticipating the change from fossil fuels to renewables for some time now. with what donald trump is doing?

but nonetheless, what is called the rest of the world in the united states actually is now most of the world. purposes, whether it's china with a 2060 target for net zero you know, they're getting you know, they're getting there. there. so lots of people have so lots of people have different agendas and i think different agendas and i think while it sets back the united states, the rest of the world will proceed. of the world will proceed. how much of a bump in the road how much of a bump in the road is what donald trump is doing, is what donald trump is doing, which you describe as chilling the atmosphere on renewables? we don't know yet. we don't know yet. i think probably not a very i think probably not a very big bump in the road, big bump in the road,

i would say. i would say. i think...most nations are committed. we have to be careful to make sure that we do things which are commercial. it's very unwise to tell populations that things are going to get really expensive and not explain why. but actually, i think there's a lot of things we can do where we can almost get rid of carbon for free. almost, not quite. but that should be our objective. can we do something at the price we do today? cement — energy at today's price and do it with much less carbon, much, much less carbon.

economy on the bbc website or the smartphone app. i'm @marklobel. so thanks for watching this episode. there's more next week and i'll see you soon. bye for now. hello. many parts of the country had a pretty cloudy day we actually started to see the cloud move away and sunshine work in. further westwards, we've got this weather front that's going to be

pushing its way slowly towards high pressure, so as it works eastwards, it'll be slow—moving and it'll be very weak. and this is just the first of a couple of weather fronts next few days, then, but not very much at all across the east. now, in a bit more detail, over the next few hours western areas of scotland. a few patches of drizzle around elsewhere. we've got those clearer skies becoming more extensive across east anglia and southeast england. where temperatures in the countryside get down to about —2 or —3, but as well as being frosty, it'll be a lovely sunny start to the day here. further westwards, our band of rain very slowly pushes eastwards. as it does so, it weakens significantly, so through the afternoon, as it arrives across wales and western england, certainly no heavy rain left temperatures about 7—9 degrees celsius.

the front dying as it works its way eastwards across the country. gusts of around 50—60mph the winds a lot lighter further east. a bit of rain, then, starts to move in through the afternoon to northern ireland and scotland. that'll get heavier as we get towards monday night—time. and wherever you are, we're looking at mild weather conditions of the uk on tuesday. just a few patches of rain here and there before clearing, building in for wednesday. in our weather patterns, but there will be some frost and some fog patches around from wednesday through friday. that it could start to get colder,

good morning, welcome to breakfast our headlines today: tariffs on imports into the usa from its neighbours. �* president trump wants to usher in a new golden age for the united the better path is to states, the better path is to partner with canada, not to punish thousands of barclays customers are still unable to access their accounts as the bank's technical problems enter a third day.

as they target a third title in a row.