bp and exxon-mobile and conoco, well, and chevron, chevron and con conoco down more than 3% a piece, about 2%. this all with the back drop of energy secretary jennifer granholm giving testimony on capitol hill as she faced questions over president biden's axing of the keystone pipeline, 19 states urging the president to reconsider. let's get to hillary vaughn on capitol hill, and you want to talk about a back drop, the back drop is the colonial pipeline going down. reporter: liz, that's exactly right. secretary granholm testifying this morning on capitol hill expecting to be asked a lot about the budget for next year that she's requesting for her department but instead, she got peppered with a lot of questions about pipelines, from the colonial pipeline hack to the keystone xl pipeline, getting axed. >> did the administration cancel the pipeline because of politics, because it was clearly not for climate benefits because it's going to increase climate, it's going to increase emissions >> no it canceled them and the president made this commitment because he believed that there are oth

the defendants are chevron, exxon, bp, shell, and conoco phillips. these fundsill be used to pay for seawalls and other infrastructure needed to deal with sea level rise. we have some real risk that's going to require some billions and billions of dollars of investment by san francisco on infrastructure if we're going to stop catastrophic loss, so that's what we're looking at. a lot of our developments are occurring along the waterfront. our lawsuit is a part of that. i want to have this abatement fundhat has been created now to ensure that we can fund the infrastructure improvements that we're going to need to ensure that those developments go forward without the threat of sea level rise. scholl: politics in san francisco is funny. there are a lot of really enlightened views. on the other hand, it's probably not enough to prevent the business community from making things even worse right on the waterfront. christensen: we're going to have to adapt. it's going to take that creativity and energy and capital. the question of how do we balance that econ

kinder morgan is down and they pay really good dividends but we are watching the investors, bp, con conoco very much. >> hugh heffner's playboy empire undergoing a magical transformation in the digital age, up next, ceo ben cohen is here to reveal the next bunny he plans to pull out of the playboy top hat. closing bell ringing in 29 minutes we've just hit a new high on the dow we're up 569 points, don't go away. did you know that geico's whole 15 minutes thing... that came from me. really. my first idea was “in one quarter of an hour, your savings will tower... over you. figuratively speaking." but that's not catchy, is it? that's not going to swim about in your brain. so i thought, what about... 15 minutes. 15 percent. serendipity. 15 minutes could save you 15% or more on car insurance. serendipity. living with metastatic breast cancer means being relentless. because every day matters. and having more of them is possible with verzenio. the only one of its kind proven to help you live significantly longer when taken with fulvestrant, regardless of menopause. verzenio + fulvestrant is for h

conoco lost one earlier on this month.re certainly is big calls for big oil to change course and now it's not just about pledges, it's about action, and shareholders need to know that the management of these oil companies is on board with the energy transition and not try to resist it. shery: kevin crowley. chevron also criticized by shareholders who backed a climate oppose all. we heard from chevron's ceo, mike worth. >> there were times not too many years ago where it came up infrequently in discussions with investors. today, it comes up in every discussion and oftentimes, if the first thing that comes up in a situation so i'm not surprised that it is high on their minds. i meet with investors all year long and this has been a regular topic that we have been hearing about and you are right. investors do want to see higher returns. our industry is one that has not been in favor with investors because our returns have not been as strong as they historically were and so, we have got work to do. it's why i really talk to our

. >> and that's why conoco, they will be able to jack the prices up and probably not involved that much with - >> it is like the winter storm in tyson, they mentioned the winter storm was there for them, but they're raising prices >> but carl, the underlying commodity is not getting hit or moving that much. at this point. there seems to be enough on hand, right? there's enough available in terms of gasoline. right? >> yes >> okay. just making sure >> i just want to check with you. >> it's another, carl, it's just another commodity that people are going to say, well, jay powell, this, that, like raising rates will suddenly open the colonial pipeline. >> right that's been the argument for a bunch of things. how does raising rates open more saw mills in the short term, jim? it's not really related. we do want to mention, we do want to mention covid cases continue to improve. last night, 22,000 new cases, down 7,000 from a week ago, and the nyse is opening even more broadly, as we now know, starting today, for the first time in more than a year, we'll be able to say, let's get to bob pisani