energy. the department continues coordinating with public and private entities to deliver critical resources. i look forward to learning more about these efforts from those with us today. one quarter of europe's energy is generated from natural gas and prior to the war, russia supplied the bulk of that energy. throughout 2022, russia began decreasing supplies but still supplied 15% of the eu natural gas consumption in 2022. that is down from 40% the prior year. as shown on the chart behind me within six months of putin's invasion, the u.s. and more natural gas via ship them russia sent by pipeline. but was an incredible feat that no one thought possible one year ago. but as the chart shows also, we have a long way to go to replace the russian energy which europe has relied on. in 2023, deq is facing a supply shortfall equipment to what russia supplied in 2022, approximate two train cubic feet. the ee has been remarkably successful diversifying this natural gas supply, but this shortfall means

energy. for more than one dozen years this is my fifth as president and ceo the previous address to describe the advantage and the benefits of developing resources and building infrastructure to strengthen our nation i outlined innovation and enabling america to delivere reliable energy with the admissions challenge and last january with new pressure and global energy markets i learned about what would happen when the nations depend on oil and natural gas and to push agendas of their own. weeks later we saw that give way to reality. february 24th, russian tanks rolled in and missiles rained down over ukraine overnight europe was on the losing side of a decades long battle on russian energy. prior to the invasion it supplied the natural gas in over a a quarter of the crude oil in by summer russian national gas and then with the soaring energy bill courting firewood in lining up at the gas tank. america got caught up in a crisis. russia's invasion of ukraine added volatility to a global market

energy. the department continues coordinating with public-private entities to deliver critical resources to europe and ukraine. i look forward to learning more about these efforts from dr. light. approximately one quarter of europe's energy is generated from natural gas. prior to the war, russia's supply evolved from that energy. russia began decreasing natural gas supplies to europe, but still supplied roughly 15% of the eu's natural gas consumption in 2022, down from 40% in the prior year. as shown on the chart behind me, within six months, the u.s. sent more natural gas to europe via ship than russia sent by pipeline, an incredible feat no one would have thought possible when you're ago -- possible one year ago, but we still have a long way to go to replace the russian energy europe has relied on. in 2023, the u.s. facing a supply shortfall roughly equivalent to what russia supplied in 2022, approximately 2 trillion cubic feet. the eu has been remarkably successful in diversifying its natu

nuclear energy must be part of the energy matrix. moving forward -- unfortunately, other countries are outpacing us. adversaries like russia and china have continued to invest in their nuclear industries. in the past four years, china has brought in 21 reactors online, many of them are advanced reactor designs, 31 plans are under construction. this country, we have to focus on things that could be walk away safe. unfortunately, -- in large part due to regulatory and licensing structures that disincentivizes private sector investment. i've got a piece of legislation we filed in the last congress, we hope to reintroduce, if we haven't already, then expedite the permitting process to build power plants. if you've gotta prove the designs, build. it -- do the geology, make sure there's no things there with earth and earthquakes and other things that can be cited there, a water source for cooling, but replicate that in and expedited permitting process. as we continue to look at a similar's and other advanced nuclear reactors -- i was glad

energy supply, strengthening energy national security and the diplomatic posture, producing energy price deflated meant, and reducing emissions. this happened for three reasons. u.s. energy technology innovation, government policies that encouraged all of the above energy supply, and investment by the private workers. the trigger was a vast amount of energy innovation technologies, much of which is now being -- did not exist 20 years ago. this committee and i bipartisan and after many years of negotiations past several acts that made a big difference. those compromises i can summarize as if you give me my pro supply policies i will give you your pro supply policies. what this balanced approach has taken a detour. we are back in asking others for their help. here in the steps of the committee -- require agencies such as interior epa to promote, license, and approve all the above energy types. ferc need significant legislative reform including the reform of the federal power act in the natural gas act to make them do their statutory obligation to ensure that there is enough energy supply.

>> we're energy secure we get more of our energy right here at home we get energy from our partner toth, canada. we're able to now export energy so export crude oil ban lifted years ago that product was essential and then we also export liquefy natural gas ability to provide natural gas to other countries. .... reduce carbon emissions and power generation. largely switch from coal to natural gas. going to export the progress he made on reducing emissions to the use of natural gas by exporting lng to other countries for cracks in new jersey lankford democrats arthur you are on with frank. chris good morning, thank you for c-span. president biden said the spy balloon is not cause any long-term damage to u.s./china relationship is it companies making millions of- dollars a year should take with a bargain with the labor unions. the workers in the pittsburgh post- gazette remain on strike because of senior such as alan blocker sits on c-span's board of directors does not like that. they should ask him to change that. cox arthur to attack by oil and gas that is our topic for the moment. >>

energy.uh, it turns out hmm the periodic table of elements is arranged so that when fissioning elements with high z for example, uranium for example, plutonium at the end of the table at the end of the table. it turns out their fragments, which are in the middle of the table, a and they have e, the total mass, turns out to be lower than a mass of uranus of the initial fission. this difference in mass translates with energy the same fortunately and at the beginning of the table, if we use divisions for a large mass, then at the beginning of the table for elements such as the hydrogen of children, and e, when the nuclei merge, the mass of the products turns out to be less than the mass of the original atoms. that is, you can no longer use division, but fusion to obtain energy. and if we take the far part of the table, then we need to divide that getting energy and one proton is much more profitable than synthesis at the beginning, then if we learn how to effectively implement this synthesis, th

s energy cybersecurity's mission. this is important and bipartisan legislation that will help address expanding vulnerabilities in our energy sector by strengthening the next generation of our energy cybersecurity workforce. i'd like to thank my colleague, representative ross, for reintroducing this timely bill and representative carey for joining her as the republican lead on this bipartisan effort. on the science committee, energy cybersecurity initiatives have long been a bipartisan priority. h.r. 302 is just the beginning of our work on this issue in the 118th congress. i pledge to continue working with you all to pass legislation that will keep the u.s. energy sector safe, reliable, and competitive for years to come. i urge my colleagues to support this bill, and i reserve the balance of my time, madam speaker. the speaker pro tempore: the gentleman from oklahoma reserves. the gentlewoman from north carolina is recognized. ms. ross: thank you, madam speaker. and i yield myself such time as i may consume the speak

energy demands. but it will be an invaluable part of the existing energy mix. the losers here are going to be the countries that are unwilling to accept nuclear as a power source. countries like germany, which is phasing out the remaining 3 plants and italy, which is the only country that has permanently closed all of its formerly functioning nuclear plants. these countries are instead focusing on hydro, wind, and solar energy. but with the current technologies available, that may not be enough. germany is already struggling to ration its energy supplies, so time will tell if they decide to reconsider adding nuclear back into the energy mix. i'm christy, i thanks for watching and we'll see you back here next time on the cost of everything with ah, why the appraisal from cisco with a a what? both river with somebody love with this machine. yeah. yeah. yeah. i think a yeah. yeah. why did i put up with this cars because with the, with mad that up way anything that i beat a lot to shift left in things yo

how would you assess the country's energy security right now? the country has been incredibly resilience, but also higher because these attacks have been rudolph, they have been indiscriminate in terms of hurting and amy, you heard the civilian population the most by cutting off access tricity heat. and just overall, your basic energy needs what ukraine has been extremely innovative and extremely resilient and extremely strong in recovering from the top. even right now after one of the form is targeted, but more of these critical energy infrastructure. ukraine has broad enough capacity to support all of the energy needs. now it can no longer doesn't have enough to be able to export energy like you did in the past. but right now, it's an incredible resilience and success story. what the fight is not all over. europe has made it its mission to win itself off russian gas. but would you say it's created new dependencies instead? i'm thinking of countries like tar for example. sure. i think the energy crisis has demonstrated risks of over reliance on

the german energy supply will be secure, sufficient energy and tricity will be available at all. i was at the a and the great if it is developed will be sufficient to transport these quantities about a tricity. this also applies on the condition that the coal phase out should be brought forward, which has been agreed for the eastern german co fields in 2038. i'm saying it is conditional because there is no agreement on that yet at this point. and what is for good student nigel, or even after 2030, we will have faces, way we need baseload capable power plants, power plants the can always produce. you can use a cough, dr. moose. these power plants must and should be climate neutral. that means that they need to use hydrogen. gas is okay for the transitional face, but as soon as possible we will move to hydrogen fired power generation. you've got national, strong, allied xander, very briefly, we're running out of time for the show. but i saw you nodding there. do you think that the idea of moving towards a hydrogen fired fired power in the future is as a good idea? no, this is actua

you is facing an energy crisis, and so it certainly does need cheaper energy sources. but with that in mind i, i'm curious, you know, how can i put this? it's, it seems almost maria in c as if we're talking about even nuclear. we've now mentioned l. n g, but nuclear, if i'm not mistaken, is still a fossil fuel. i mean, a lot of the comments in our, you tube chat, for example, i, you, brianna is saying, i wonder why germany a country technologically well advanced is turning to coal energy. this is as they were predicting their advanced status among you countries in the sector of renewable energy, olivia, mom, you know, saying what's preventing germany from switching to nuclear energy after all, it's not some poor developing countries. so is it really just about profit? i mean, do they need coal in the context of what's happening in ukraine and russia? so let me just correct some things here. first, nuclear is not a fossil fuel. it's a different kind of technology. see, that's why you're here to enlighten us and iraq. correct me and, and the other thing is i'm germany is

now will the energy crisis in europe turn public opinion towards nuclear energy? i mean, previously, europe, screen movement was in opposition to nuclear energy and push to close down exist the nuclear plants. yes, public opinion is shifting now, as is a lead opinion and political positions all over the world. i mean, places like china and a lot of the poor countries never had this ideology against nuclear power, but the places like europe and north america that did have it, are reconsidering and changing their minds. in europe. and in germany was the big case, because after fukushima, they decided to shut down all their nuclear power plants. and then it turned out that they, they could kind of replace some more renewables, wind and solar. but actually they had to keep her and call to do that because they needed some firm resources on their grid. so if they had kept the nuclear and shut down the coal, they could really reduce their emissions like that's what france and sweden did decades ago. but germany decided to keep the coal and instead shut down the nuclear .

we just one route on one supplier or one energy source. and there are definitely risks around, so whether it's a car or other countries, i think there is value in diversification of and building our diverse partnership with multiple suppliers. that way, when something does happen with one or 2, or there's some risk geopolitical risk or technical risks or climate change related extreme weather events that happen and that alter how much energy can be produced for advice, certain flyers that way. you have insurance in a way you have backup plans, and that's so important right now for europe to be able to build out if multiple g terminals and other types infrastructure across europe to provide itself multiple options. and of course, that really relies on the unity with the exception of hungry. the e. u has been relatively united in its efforts to reduce russian energy imports. but there are questions about whether that result will hold. what is your take on not like i'm optimistic because it after 99 rounds of sanctions that have passed, it is

president of energy policy research foundation, and senior director of energy campaigns for the sierra club. also, your clothes, food, tv, much of the energy that you use, all brought to you by a ship. so i will be taking the pulse of the industry with the big boss at the helm of the world's biggest shipping company. wherever you are watching, hello, and welcome to the show. 2022 was a tough year for the global economy. just as we began to see the green shoots of recovery from the covid pandemic, russian tanks rolled into ukraine, throwing europe into armed conflict for the first time in over two decades. it's a strategic hotspot, a country with close links to the east and the west, and essentially a buffer zone between russia and its nato adversaries to the west. and because of western sanctions on russian oil global oil prices soared to $127 a barrel, over concerns of a shortfall in supply from russia. that spurred stinging inflation worldwide. but all of that turned out to be very good news for the big oil producers. last year, each of the big five saw their profits at least double,

and just overall your basic energy needs. but ukraine has been extremely innovative and extremely resilient and extremely strong in recovering from the tax. even right now after one of the form is targeted, martin of these critical energy infrastructure. ukraine has broader death, enough capacity to support all of the energy needs. now you can no longer doesn't have enough to be able to export the energy like you did in the past. but right now it's an incredible 1000000000 and the stuff, sorry. what the fight is, not all over. europe has made it its mission to win itself off russian goth. but would you say it's created new dependencies instead? i'm thinking of countries like tar for example. sure, i think the energy crisis has demonstrated the risks of over reliance on. 7 just singular, you know, one main infrastructure are bringing in critical energy sources or wants to fly or not just russia. i think just overall risk of being over reliance in over comfortable we just one route on one supplier or one energy source. and ther

saving, we need energy saving in order for us all to be sure that the energy system will be able toover the current consumption and there will be no blackouts, that is, consumers are actually helping to the energy industry because they use energy resources sparingly and this appeal remains valid. where is the worst situation in which regions in those regions that suffered the most from the latest shelling ? this is the odesa region . e-e network is simply not able, as i said, to pass enough electricity to cover s- 100% consumption and we are currently working on eliminating these bottlenecks in the energy system i think that in the coming weeks we will be able to do this before our interview. of course, i went to the social networks of ukrenergo and looked at the woman on facebook . i understand that some of these comments may have lost their relevance against the background of recent positive news. that globally, these questions still remain . i would like to clarify them with you. as you said , it is very important to communicate with the population. it is a fairly common comment.

world's energy demands. we just don't have other means yet to heat everyone's homes with solar or other alternatives. what are your thoughts on this green energy sector? push against fossil fuels on this minute i have very strong views. the united states and the world's for that matter is the largest ship in the ocean . it takes the longest amount of time out of any to go ahead and pay that. and to expect the united states and, you know, largest countries around the world, go ahead and immediately turn away from fossil fuels and turn towards renewable energy. i think, or green energy, i think is a fools errand. it's a transition that needs to go ahead and take time, but there is certainly reason for a coexistence between fossil fuels and renewable energy. i think there are detriments, we haven't spoken about them yet, but there are detriments coming from green energy. they're not all, you know, as utopian as people or perfect as people would like to go ahead and, and market them. there are downsides, there a

last year, and terms of pricing on energy markets, this has cost the world $1 trillion of energy costsas caused a reordering of the entire global energy system. and energy supplies that you have already taken for granted in the west the last few decades was in doubt at one point. this morning, basf cutting 6000 jobs in germany, this has to do with rising energy costs. no more cheap russian gas, a lot of that is used as feedstock for a lot of industrial companies, so the impact on the ground has been immense but also globally, incalculable. tom: a trillion dollar energy hit. oliver crook in the ukrainian capital for us. let's stay with the story. we are now joined by maxim timchenko, the ceo of dtek, ukraine's largest private energy infrastructure developer. thank you for joining us this morning. we were talking with our correspondent and the ukrainian capital about the impact on ukraine's energy infrastructure. where do things stand now? how much of that infrastructure has been taken out by those strikes, and what is your ability to get it back online? maxim: morning. today is one year

one is that rich people use more energy or more well-off people use more energy. second there's a big swath of countries up here including the us which is over here europe over here. whose energy use per capita is relatively constant. the problem is there's only about a billion and a half people over here. there's another about six billion people down here whose energy use is going to increase. monotonically as they improve their art and so you could put those two things together population and development. and also realize that fossil fuels have remained predominant in supplying it to the world's energy currently about 80% from coal oil and gas wind and solar while they're growing rapidly or down here. fossil fuels are the most reliable and convenient way of getting energy you put that together and you can direct check that the world's energy consumption is going to grow by 50% from where it is today over the next 30 years. most of that growth is in asia. and that if we don't change our policies. the great majority of that energy will continue to be supplied by o

less energy. forget about the technology of the automobile. if you ever hear about me running into a tree it'll probably be because i'm looking at that charge trying to get an extra tenth of the mile out of the mileage. what i'm suggesting is, think small as well as big. think about these technologies. there is enormous potential in this device for energy control. using energy much more efficiently. the cheapest and cleanest kilowatt hour is the one that is never used. i believe there is still room for conservation and creative use of energy, as opposed to the profit heat the house all day although no one is there. thoughts? >> i couldn't agree more with you, senator. just another nugget on there. i think the potential in huge. frankly, some of our i.t. companies are not doing what they should be doing. this is a great way to leverage their business resource and be a helpful corporate partner, as well. google and google maps had a new feature -- been out for maybe a year or so. it has a little lea

is this a war, an energy war?ch cream will obviously lose, and if now naftogaz is under a big blow and we read articles about another large deficit of the state budget of the russian federation, which is precisely the consequence of sanctions and work against the russian energy industry , because it is the main filler of the russian budget, but we still approached the most important concept , tell me. that's how we approached it. and here is the west that is thinking about it, and we are actively convincing the west that it is necessary to kill the sacred cow putin why is this machine taking so long because there are too many interests, too many people have been making money from it for too long, it's too convenient , it's too comfortable and when you tell them that it's impossible to win a war against russia, it doesn't stir their economy, which feeds on this sacred cow so if this cow is still alive it will be very difficult for us they are impossible but very difficult but if this sacred cow ceases to live due t

but where would we be energy wise? if we didn't have the occasional bit of friction, of the sustainable variety, of course, ah, if you want more red, check out our youtube channel. if you want regular features about new cars and car culture and about mobility around the world, read can make you very happy. vintage classics and future tech or just some of the exciting content waiting for you. subscribe to us at youtube slash dw. read and you'll always be up to speed. mm. mm hm. you're right in a d i y. hell, claim racer from bosnia herzegovina. well young kid with veteran and his ultra customized vw jetta. well, it's like a child to me like a family member who is better and is a died in the will. racing driver with a preference for haley to rate time to get an up close and personal look at his jetta. are you ready? mm. that just think leads, bumpy right. for our intrepid reporter is the result of some meticulous work. we visit bedroom at his workshop in to live in north eastern bosnia. the car mechanic spent 3 years tin

between energy departments.his combines the energy security investments provide inflation reduction act will be game changing for us to become more energy secure to the increased domestic production of energy in the cleanest way possible leading the world in innovation and critical supply chains. this kitty city considered amendments agreed to 48 before reporting our portion of the both the bipartisan support. now that the bipartisan infrastructure bill has been for more than a year were here today to discuss how the department of energy is implementing the authorization $62 billion we provided them over the next five years. this built market transformational investmentth energyti future and will allow america to be more secure and lead the way on energy innovation for many years to come. ther benefits are already being felt across the country including my home state of west virginia or we've been very happy to have new investment announcement in recent months. funds demonstration and products all of the above e

the conflict in ukraine has fueled what the international energy agency calls the 1st truly global energy crisis with impact couldn't be felt for years to come. well, here's how oil prices shot up soon after the invasion. you can see this big spike in the 1st week of march, and again, by mid june, that period. so protests from peru to pakistan and trailing and defaulted on it's dead. since then, oil prices have fallen to level seen before the ukraine war. well, that's now take a look at gas prices. here's the dutch t t f price. that's often due to the natural gas benchmark for europe. you see a said here in march, another spike in august, but prices after that also fell back to pre war levels helped by unusually warm weather and therefore lower consumer demand. but even various pre war prices abnormally high more than 3 times what they were just 2 years ago. the european commissions has covered 19 supply them on disruptions exacerbated by the war. and ukraine is making these high energy prices the new norm. while, while europe's reduced its reliance on russian gas imports, moscow is still

the energy crisis will ask, can countries afford the bills high? tugging up the hard string. growing competition in australia, harvard is putting a family business up with girls. hello. this is d w business. okay. ferguson, thanks for joining me. it's now almost a week since a devastating earthquake had to turkey and tyria. as many as 50000 people may have perished, millions more homeless and struggling to survive amid the ruins of their former homes. that disruption to infrastructure on trade has of course been significant to let's take a look at the situation in turkey in particular, and the energy sector and the b t see pipeline that transports oil from other by john on conflicts on to j. hon on turkeys mediterranean coast. it is out of auction off, the terminal was damaged in the quake. the disaster also caused an explosion at a gas pipeline near the city of car, a man morass, in southern turkey, leaving numerous provinces without their usual supplies. now, earlier i spoke to reporter acro mackie gee, who covers the turkish economy. i began by

for her saving energy is a way of life. said her liver, new sugar jeweler, it's at holl jurell a revolution consuming more learning to consume less without having a poorer quality of life. vain, warm young. so a concept that will be indispensable in the future. absolutely modern disposable. they're also some highly imaginative ways of saving energy on bell little the artists at this workshop create new mapping sculptures, all fashioned from raw materials that their owners no longer wanted for like a b, i collect all kinds of scrap and trash and use my imagination, return what i find into something new form, upper all fortunate her not imaginary. poor on the, on mozilla. i do my bid for the environment by recycling waste. normally it's extremely costly on 1000000000, contain which will be the waste is put in containers. taken by boat to the mainland and disposed of miracles, we create a different cycle by which the island trash is recycles and re appreciated is also true to revolt into a jesus realty. the island has a range

the transition to green energy.e long—term energy transition to clean energy, that is what they could be to miss those investments instead. how do you react when you hear that some cabbies are paying more money back to shareholders than the money they are investing in renewables. some might suggest it is short—sighted? it is short—sighted, outrageous, and a poor business model. the oil industry would be wise to get on—board with energy and invest into new fields, they have known for decades that their core business model is exacerbating the climate crisis, causing pollution and harm in many communities. ok, so what role, kelly, do think the world's fossil fuel producers have in navigating towards a post—oil future? because, again, some may say, is it really their responsibility? i think it's the role of the financial industry primarily right now to be putting capital towards clean energy solutions and investment in solar, wind, electric vehicles, heat pumps, and to power a clean energy economy. i think that you have

costs for our fellow americans improving the energy security, promoting energy justice and tackling climate change head-on. the bill was also the culmination of years and years of the committee's excellent work including the critical bipartisan energy act of 2020 and i want to particularly callout the senators and staff for your phenomenal work for all the provisions that are in the bill. on behalf of the department, let me thank you sincerely for all your leadership and partnership. through the bipartisan infrastructure law as the chairman mentioned more than a $62 billion for the department of energy to administer the bill launches 60 new programs and enhancing 12 other programs of the 62 billion, nearly 90% of the funding is directed towards the new programs to give you a sense of the opportunity and scale of responsibility in the department. in the 14 months working with a real sensert of urgency. we already have 37 billion of the $62 billion available so communities across the country can benefit as quickly as they possibly can. we are also wanting to do this right. we've compl

, energy is changing. the technology is changing. in south africa, we have a particular program of a just energy transition, which is saying, well there are certain people are going to be affected negatively in the cult producing region. and those people who are negatively affected need to have pathways towards new employment and towards new economic activity. but i do believe that the, one of the consequences of the severity of this load shifting is that we're going to accelerate the just energy transition in south africa. it is in the way out of our energy crisis to bring new solar and wind and battery and other technologies as quickly and cheaply onto the grid as possible. like it did in vietnam, allowing it to happen from the bottom up and the top down by ensuring the food and households can do it as well. so i think that one of the b u r y taken so long as taken so long because we have not had unity of purpose on this just energy foundation. there was even a time when the leadership of is come. cancel

will be energy secure and increased energy production giving innovation and critical supply chains. committee considers 74 and moments and agreed to 48 and the portion of the bill withh the bipartisan support. now that the bipartisan infrastructure bill has been law more than a year, you're here today to discuss the department of energy's and fermenting authorizations and $62 billion who provide over the next five years. this bill marks transformational investment energy future and will allow america to be more secure and lead the way on energy innovation for manyth yes to come. the benefitsrk of both are being felt across the country including my home state of west virginia where we have been happy to have new investment announcements in recent months. if funds demonstrations and pilot project in the approach allowing us to continue using fossil fuel resources in the cleanest way possible through new investments in hydrogen carbon after technologies. we double down on hydrogen in the nra with new tax credits. drive to energy manufacturing investments to support communitiesen where

companies, and in that case, all energy companies in our country, except even energy companies, areporatized, but to take this step during a war, well, this is this, this is a big question, but in peacetime to deal with this issue it was very difficult, and during the war, among the arguments among the arguments in favor of the corporatization of the energy atom, it was heard that this would be one of the demands or requests from our strategic partners, in particular for the oceanic ones, to check something like that. i didn’t have to i don't have the time, especially well, but is it so and is it possible that cooperation with the energy companies of the united states could be beneficial ? although i don't know if for this it would be necessary to corporatize - to corporatize the issue of corporatization even of the energy atom, it is very old, er, it is foreseen a loan from the european bank for reconstruction and development, a loan from the european bank for reconstruction and development , and a loan from the european union for energy, when ukraine was granted a loan of 600 mill

>> gets our energy future i don't think there's a single energy source we won't be using.e do it affordably, reliably and clean? discrete carbon out there other technologies that likely will play a role in the answer to your question. >> with us this morning for about another 20 -- 25 minutes if you want to join the conversation of the house republican climate and energy in the hundred 18th congress phone lines are open great numbers as usual democrats two 202-748-8000 republicans they thousand one. independence (202)748-8002 john curtis a member of the energy and commerce committee 118th congress. pfister of of the subcommittee on energy climate and grid security what is grid security and where the sings group together? >> first of all as far as climate and energy is trying to point you cannot separate climate from energy. the two are connected that's why she has included that grid security everyone will tape we don't have a secure reliable grid none of this matters the energy site and the claimant side. we've got to have a grid far more resilient. far more efficient than

we are reducing energy costs for americans and improving our energy security, promoting energy justice and tackling climate change head on. the bill is also the culmination of years of this committee's excellent work, including the bipartisan energy act of 2020. on behalf of our entire departing, let me thank you sincerely for all of your leadership and partnership. we have investments of more than 62 billion dollars for the department of energy to administer. the bill launches 60 new programs and enhancing 12 other programs. nearly 90% of the funding is directed towards new programs. in the 14 months since the bill was signed, we have been working with a sense of urgency. we already have 37 billion available so communities across the country can benefit as quickly as they can. we are also wanting to do this right. we have completed a major realignment of the department to ensure maximum impact and oversight and integrity. we have hired more than 400 staff, many contracting experts who can help with the integrity of the process be at we are working hand-in-hand with the inspector gener

to plan these new energy zones, new energy facilities, how to plan these permanent decentralized energy islands and it is just going cooperation with the mines of the economy from the point of view of what our regional policy will look like, where we will have new and industrial areas, where we will have its production capacity in order to re-plan this energy so that it is more sustainable, most of which before shelling, but definitely it is already known that the basis will be nuclear generation plus green generation , and this will make us more sustainable and able to even export to europe, that is, in fact , ukraine can be a net exporter of energy which has not happened in the last 30 years, and coming back, i want to update your words about the fact that the electricity was turned off in a preventive emergency, even in advance, before something could probably fly by. it also gave its results, yes, you, probably one of your experts is already on the air talked about how the power system works, and electricity is a product that must be consumed right now , it was produced and must be

, in energy transition?k, and that includes investment in renewables? i'm glad you asked me that, actually, because the reality is that these companies only spend a tiny fraction of their money on renewables.— tiny fraction of their money on renewables. �* ., ., ,': , ., renewables. bp, of that £23 billion, it is spending _ renewables. bp, of that £23 billion, it is spending 6.6 _ renewables. bp, of that £23 billion, it is spending 6.6 billion _ renewables. bp, of that £23 billion, it is spending 6.6 billion in - renewables. bp, of that £23 billion, it is spending 6.6 billion in energy l it is spending 6.6 billion in energy transition, which is the same amount as it is spending on oil and gas up to 2030. , ., . ., , :, to 2030. the future pro'ections are one thin , to 2030. the future pro'ections are one thing, these h to 2030. the future projections are one thing, these companies - to 2030. the future projections are one thing, these companies always make very grandiose pledges about renewables in the futur