bp rose back on and oil and gas in a to tum around its bid to turn around its fortunes. terminal fortunes, terminai; velocity at fortunes, terminei; velocity at heathrow fortunes, terminol velocity a at heathrow fortunes, terminol velocity a new at heathrow fortunes. terminol velocity a new record. at heathrow fortunes. terminol velocity a new record. thet heathrow fortunes. terminol velocity a mev record. the be" “a e fortunes. terminol velocity a me it ecord. the bcfl�*“* , fortunes. terminol velocity a me it underlines be" “a u fortunes. terminol velocity a me it underlines the r. the u fortunes. terminol velocity a me it underlines the need u tells me it underlines the need for controversial new and a golden age for plans. and a golden age for crypto, the trump demonstration plans a major boost for new currencies, but will consumers and get the and investors get the protection they once the protection they need? once the giant rebranded oil giant that rebranded itself but now it is beyond petroleum, but now it is to petroleum. on renewables investment, and ramping up oil over the past five years bp shareholders have enjoyed dividends totalling 33%

of 77% over the same period. 149% of its share price value in that time. for a while now. now it looks like back to petroleum. targets they had back a few years ago. and centre of its strategy. we've also seen renewables will be scaled back.

and that's reflected in its share price. they already started to make these changes. they hived off their wind business. they'd already been addressing some of the costs and really look to reinvest back into oil and gas a lot more. now to heathrow airport, europe's busiest. it had a europe's busiest. jihad a year last year with 84 record year last year with 84 million people passing through its terminals. but that is part of its problems, it has long argued it needs to be allowed

to expand, despite bitter opposition from and local environmentalists and local residents. now the labour government has thrown its government—has thrown its behind the heathrow weight behind the heathrow expansion, part of a strategy expansion. part of a strategy boost growth. expansion, part of a strategy boost growth. heathrow to boost growth. the heathrow has been me boss has been telling me about the case for we boss has been telling me about the case for _ the case for expansion. we are already reaching _ the case for expansion. we are already reaching our _ the case for expansion. we are already reaching our capacity i already reaching our capacity limits, we can see that this and it means our year, and it means our gets more and more operation gets more and more difficult and we need that extra space. our airlines want to grow. extra space. our airlines want to crow. �* , ., ., to grow. airlines want to grow, %— f is to grow. airlines want to grow, y is whether - to grow. airlines want to grow, g is whether it - the question is whether it needs to be at heathrow. is an we should there not an argument we should expanding regional airports be expanding regional airports rather than expecting everyone to come three london? to come three west london? a good but the that's a good question, but the proposition heathrow gives =:’— and the country is airlines andihe country is . different from the other very different from the other airports. amongst others, we represent 30% of the represent 593k; of'the'value of uk exports come through all uk exports come through heathrow. nothing like that

will come through the other heathrow. nothing like that will coml so rough the other heathrow. nothing like that will coml so trade the other heathrow. nothing like that will coml so trade in e other heathrow. nothing like that will coml so trade in itselfer airports, so trade in itself will be constrained if we do not expand heathrow. on top of that heathrow has a different passage it mixed with the majority of long haul carriers and passengers, that is not the case for the other airports. it is to different markets we are andi and i think there is saving, and i think there is space for both of us. i have been doing _ space for both of us. i have been doing this _ space for both of us. i have been doing this job - space for both of us. i have been doing this job long . been doing thisjob long enough to that we have all talked to know that we have all talked expanding heathrow many, about expanding heathrow many, many times. it has been on the cards, has been suggested cards, it has been suggested and and nothing and recommended, and nothing happens. how confident are you that even with the vote of confidence in cosmic vote of confidence in this extra it will this extra runway, it will happen? i this extra runway, it will happen?— this extra runway, it will ha en? ., u, happen? i am quite confident we make happen? i am quite confident we - make - happen- _ happen? i am quite confident we - make - happen. we - happen? i am quite confident we - make - happen. we have l happen? i am quite confident we | - make - happen. we have a can make this happen. we have a unique opportunity with the government being so g: -:z 77 the project 77 77 the project and 77 77 the project and offering behind the project and offering to partner with us to make this actually happened this time. i also think can now see also think we can now see the need. in the past we have not need. in'the'past'we have not effort is being seriously seen effort is being seriously constrained, we now saying constrained, we are now saying that. in way we are behind

that: ln a way we are behind schedule already and the schedule already and people can see that. it is �*to can see that. it is clear to people how much this to people how-“ouch this "ea": to growth, so we must get done, and i firmly done, and ifirmly believe it done, and ifirmly believe we can get it done if all the parties, the government, airlines and get —e " ' "'£i{'e'£;i;l'e"""' " ' "'£i{'e'i;i;l'e"""'fin5 round the tablo ond find—w ~ —~ solutions. round the table and find — ———~ ,. solutions. ., constructive solutions. how lona constructive solutions. how long will — constructive solutions. how long will it _ constructive solutions. how long will it take? _ constructive solutions. how long will it take? even - constructive solutions. how long will it take? even if. constructive solutions. how| long will it take? even if you start building now, and that is a given, forecasts are a . it: . 7775” 7 7 ritzcould: |tcouldbefl " iritgcoruldfibeanother years. does it take ten years. why does it take so long to build infrastructure in this country, and when the passenger start to see a passengerstart tosses ' 7 ’ is n isithe planning process reasons is the planningprocess thatis reasons is the planningprocess that is what we are talking government ”’gs;g;n;nga£ about, figéqéfnfiiéfitfabbut, how government about, how we can e-—— 77 the planning process. 6 ti projecting process. 6 ti project of process. 6 ti project of this :ess. 6 ti project of this size. building a project of this size takes years. there is lots of to be done, permissions to work to be done, permissions to be made, and then will take be made, and then it will take 5-6 be made, and then it will take 5—6 years. ten years is 7 ambitious but ambitious but doable. actually ambitious but doable. a lot of objections to overcome, least from local

overcome, not least from local residents, the disruption it may cost the around may cost to the m25 around london but also on the 7 wfronti.” 7 wfrontflt strikes that a lot of discussion we re were previously having we were previously having about the environment of targets and race to net zero has fallen the wayside, it is all 5? $55 §§§%'d¥ emir" '%§“ ' 7 growth ee tee �*eeee'ee ehe" e?“ 7 7 growth and ee the eeeee'ee ehe" e?“ 7 7 growth and to he the ee?e?'?'e ?he" e?ll ' 7 growth and to hell with the environmental targets. how do you make sure that what you are will help in are building will help in that transition to net zero? can you its? ee; e: eeeeeee’ ’ it? can j it? can we 7 it? can we have 7 it? can we have more air do it? can we have more air travel but greener air travel? are already having greener we are already having greener air travel, we are already having greener airtravel, heathrow we are already having greener air travel, heathrow emits less carbon than we have ever air travel, heathrow emits less carbon despite have ever air travel, heathrow emits less carbon despite ha�* higher air travel, heathrow emits less carbon des numbers igher air travel, heathrow emits less carbon des numbers so er air travel, heathrow emits less carbon des numbers so we are paooongor nonoboro so we are ,,,,,.s._..., in the passenger non-goers so we aro—~ ; ~ — in the right trending in the right direction. heathrow is the airport to the highest uptake of staff ~ of staff today. jéiij— not enou . h m is not enough staff to go around, don't week. there is not - yet. _ around, don't week. there is not - yet. but - around, don't week. there is not - yet, but it - around, don't week. there is not - yet, but it is - around, don't week. there is| not - yet, but it is only not enoughyet, but it is only ten years that we will after ten years that we will see potential at left, and in that period of time there is lots we can do to reduce both club and the ground and

club and on the ground and cabin in the air. we do to for both a-endas, we deliver for both agendas, we need to deliver economic pssdstodellver economic it be that this growth. it cannot be that this show growth, it cannot be that this show changes itself country show changes itself because we have in because we have not built in time, whereas other countries e 7 expanded their 7 expanded their runways. have expanded their runways. amsterdam have six other, and have two, and the bestand we have two, and the best and hardest runways in hardest utilised runways in europe, and it is time we change �*the benefit of change that for the benefit of the country. and work on that —= to make aviation net zero, plan to make aviation net zero, which is only a heathrow —= but a national and agenda, but a national and agenda. agenda, but a national and aaenda. , agenda, but a national and aaenda. ., playing the if 77 playing the case heathrow playing out the case for expansion. in the usa are. a, is under way in the hearing is under way in the senate to new senate to discuss new regulation and crypto currencies that supporters say could herald a new golden age. the new chair of the senate ihg new chair of the senate committee tim scott banking committee tim scott easing around said easing regulation around as top priority. crypto as his top priority. another republican is pushing a

bill for the us to a bjlylyfygrzthe us to establish a bitcoin reserve. that strategic bitcoin reserve. that would see federal would see the federal government around a million coins of five years. digital coins of five years. according in the camp according to somelnsthecarnp the us needs administration, the us needs to take ownership of the industry on , and other take ownership of the industry on, and other small take ownership of the industry on , and other small race or china and other small race but some worried protection ior consumers. a bout’pfir’o�*teiction’fo’r eo’ neuieisrs has about’pfir’o�*teiction’t�*o’r’soneuieisrs has been about’ptfeteetien’t�*e’reenesiieiere has been by the it has been underlined by the theft of billions of crypto from an exchange in dubai. are with a stocks are more with a professor of finance at the of sussex. let's talk some ml it is talkin about inthis 7 in this golden age of ushering in this golden age of crypto, but that it says crypto, but to that it says need lighter regulation. they need lighter regulation. is the answer? they need lighter regulation. is - the answer?— is that theanswen? whole space will blow up =—: to get some unless we manage to get some sort of regulation, but what the previous chair was aiming to do really had very little effect, and it was extremely

expensive for the and expensive for the funders, and it traditional asset managers. it is very to it is very difficult to regulate the crypto space because the companies are registered in either registered in districts like panama or whatever which is very difficult to get any ie eery difficultte’get’any” of normal banking sort of normal banking regulations, orthe sort of normal banking regulations, or the new crypto spaceis regulations, or the new crypto space is not even run by companies, they are called decentralised economist organisations, where people by the so they vote for the tokens so they can vote for how the organisation run, there is no damn tire}; isinodaiminsilly”? w 7 7' 7 —: = -: z it is very difficult anywayr so it is very difficult control their —— however you to regulate, it

is difficult so people use vpns and go to locations. t; pretty " is pretty clear ; ; is pretty clear that ; is pretty clear that us 7 i; pretty crlearrthat us has it is pretty clear that us has been violating that for a long time of the time of datterns., ,. ,, the people datterns., ,. ,. the people want regulation . regulation. then; lieneer reeeis’nen ehee sene ask lieneer reeeiseien eieee eeee ask for tieieeef reeeiseien eieee eeee ask for lighter to ask for lighter regulation when the going is good and they making money and are makin money and are makin mt right nd are mak in m( right direction are them. 7 7 7 them guzdderiil; j ' ' ' ' thea. shaded; no ' ' ' for them. suddenly when there is a problem, they ask why the are not more regulators are not more involved in them. is involved in protecting them. is that a fair assessment? totally. regulators are always on catch up. even in ordinary traditional markets, we have these regulations for the these basil regulations for the banks in the 230 countries. there are that there are recommendations that are adopted into national laws. have something a we have something called a capital directive, but all these done in these regulations, done in retrospect. and it was only after we had be attacked on after we had to be attacked on two towers in 2001, that we

the two towers in 2001, that we suddenly had to have risk. , . o. e. ., so for suddenly had to have risicfi ., a, e; for operational risks. capital for operational risks. similarly for credit risks and capital for operational risks. sirr 2008 �*or credit risks and capital for operational risks. sirr 2008 crash dit risks and capital for operational risks. sirr 2008 crash dit ris us ind capital for operational risks. sirr 2008 crash dit ris us look at the 2008 crash made us look at security after the event. so they always on catch up. it they are always on catch up. it strikes me there is this race to be dominant in this sphere, as i touched on in that and it is a introduction, and it is a will steal the concern china will steal the the us. there is lead of the us. there is clearly race, but clearly a race, but who gets trampled on in that race for supremacy? trampled on in that race for sunremacy?_ supremacy? e??? are alwa s summon; - are always the l supremacy? ?§e are alwa s the ones, investors are always the ones. like me and you, that people like me and you, that get tempted to dabble a little bit, particularly young who risk lovin - and may are quite risk loving and may be a bit disillusioned with what western capitalism has become. the only people who really make money out of crypto are the professional traders use strategies that they are against the

would... they are against the law, they use placement collision stop collision strategies stop something the price something happens, the price shoots up, not good shoots up, not very good news, the price drops down. they make money out of the volatility, thatis money out of the volatility, that is all they want. they wa nt want the j want the plastic 5 don't want the plastic optically, theyjust want it don't want the plastic optically, they just want it to be optically, they 'ust want it to be ., ~ , ., optically, they 'ust want it to be . ~' , ., -- e7§§ze_ price §§§%§_ price to efiggim price to -o up don't want the price to go up particularly. ei e e trum particularly. eiee e e trum surrounded president trump surrounded by his cabinet. this is the first meeting he is hosting. cabinet meeting he is hosting. are expecting that elon musk we are expecting that elon musk will be in that room as well. will be in thatroorn as well. trump speaking right president trump speaking right now. his first cabinet meeting with his cabinet around him. with his sabinetaroundehintsee e ee ee e ee have all been through they have all been through senate confirmation hearings senate confirmationhearings elon musk. he exceptnylon musk. he is one of the most arguably one of the most influential people in that room now, but not elected to yiniyt now. but not elected to position. let's a

7:1: is listen. president zelensky is coin: listen. president zelensky is auoin to listen. president zelensky is going to g on - is now confirmed and we that is now confirmed and we are going to be signing an agreement which will be a very big agreement, and i to big agreement. and ! want to howard scott for the . 355m inputting ”j j ”zgrurysidid inputting it j eeither 77 eeitherthey 77 eeithertheydide eeithertheydidgn together; eitherthey did an ; ~ ; ~ — ~ ~ ;—; job. and that will be amazing job. and that will be rare earth and other things, ou know, we are in for and as you know, we are in for probably $350 billion and europe is in for $100 billion. that is big difference, we that is a big difference, so we are in �* probably three and yet; and yetfit and yetjit is very as much, and yet it is very important to europe important to everybody, europe is close, and we have a is very close, and we have a big ocean separating us. 77 will gtep up and mar;r nnar;r be more than are do noay be noore than they are maybe a more. the 77 administration put us previous administration put us in a bad but we have previous administration put us in a table but we have previous administration put us in a table make it we have previous administration put us in a table make it dealave previous administration put us in a table make it deal and we becn able to make a deal and we our and a will get our money back and a lot of money in the and

”thinkt'hatif ,,, 7 w 77thi7nk7t7hat7i7s 7 7 77 i think that is appropriate, we that because we are taxpayers that shouldn't be footing the bill, because we are taxpayers that shouldn' shouldn'tg the bill, because we are taxpayers that shouldn' shouldn't be ie bill, because we are taxpayers that shouldn' shouldn't be fitting and they shouldn't be fitting the bill more than the appearing. it has all eggtgpeans appearing; it has all worked eggypeans appearing; it has all worked out, we are eggtgpeans appearing; it has all worked out, we are happy been worked out, we are happy about it, and i we are u-oin to be importantly we are going to be able to make a deal. we are to make a tomakeadeal 7710752553221 an" 77 going to make a deal with russia and ukraine to stop peopl; ;s.;e ;e eeee russian soldiers and young russian soldiers and young russian soldiers and young ukrainian soldiers and other people in in the other people in addition in the towns and cities. and we will that a very important consider that a very important and a big accomplishment tyiyingggd a big accomplishment it was going nowhere until this administration came, and hadn't spoken to president and hadn't spokentoeresident in we will you adv7ised. before ee— 7the cabinet, i 77t7h7e7c7abi7net, i would 77t7h7e7c7abi7net,7 i would like begin the cabinet, i would like to have scott a couple of to have scott and a couple of people say a few things, but inoportantirf. where are most importantly, where are you? this is the who u-oin places, you all going places, you all know

go and laces, you all know go and you 5, you all know go and you are ou all know go and you are going know go and you are going to m go and you are going to say him. and you are going to say grace. you very much. 72: -:: 77 pray. fuither, 77 pray. further, we z: z = for this awesome 2 fohis awesome privilege be in presence. we ou that ou have allowed thank you that you have allowed us to _ thank you that you have allowed us to see — thank you that you have allowed us to see your mercies every morning _ us to see your mercies every morning. and father we morning. and father god, we will give — morning. and father god, we will give you the glory will ive you the lory and m will give you the glory and thank you god honour. thank you god for president trump for appointing - thank— president trump for appointing thank you for us do this job. idle do this job. lreie prayr you to do thisjob. we pray you will— to do thisjob. we pray you will give _ to do thisjob. we pray you will give the president, the vice — will give the president, the vice president wisdom as they read — vice president wisdom as they read we _ vice president wisdom as they read. we pray for all our colleagues around- table in colleagues around the table in this room, we pray that will with a ri-hteous clarity. lead with a righteous clarity. as we — lead with a righteous clarity. as we serve the people of this and every - and everyospectivel country and everypros and country and everyprospeotiue - m_ country and every; prospective and have a that we == e 6.9?th l , will humble agency and have a job that we, will humble ourselves have. we will humble ourselves before — have. we will humble ourselves before you and meet any 7:77 7_7 7h7lledi 7:7 77 7_7 7h777ued77 manner you have called us to lead — manner you have called us to lead an— manner you have called us to lead an answer. we today honour

you. _ lead an answer. we today honour you. and —