- again, the demand supply forecasts vary so differently between what opec sees, with the national energy agencys and what the u.s. energy information agency sees that it is really hard to get a neutral picture of those. dark i want to come back to a point i think you are making earlier about whether or not the oil companies are going to buy in on any of this loan or sales. president biden has us the federal trade commission to immediately investigate whether illegal activity by oil and gas companies is pushing up gas prices. one would imagine some of those companies are going to be the ones he will want to take this oil. it is not going to work counterproductive will yucca -- is that going to work counterproductive? >> it is an interesting point and perhaps underreported or hundred noticed -- releasing spr's by the u.s. government is not just dumping all this crude oil into a big pool everyone gets. it does need to -- the first change is a loan. if you take a loan now, you have to repay in couple of years. you are taking a bit on future oil prices. it depends very much on the conditions that th

eva millic of conservative national energy agency, which has been no cheerleader for renewable energy blunt, we need to and all fossil fuel infrastructure, and that means the united states, the uk, the eu, australia, we can't continue to build new oil and gas pipelines and new coal mines. itjust isn't consistent with a pathway that keeps warming below catastrophic levels. professor, are you seeing that political well at cop26 to make what you are describing a reality? i will tell you where i am seeing it, iam i will tell you where i am seeing it, i am seeing i will tell you where i am seeing it, iam seeing it i will tell you where i am seeing it, i am seeing it in the tens of thousands of children who are marching in the streets, because that's where the pressure is coming. we see quite a bit of change in the narrative, a change in the dialogue with politicians at least are starting to talk the talk, we need to see them walk the walk, but we have seen a seachange in the overall framing and that is because of the pressure that youth, protesters are but world leaders, so they need to ke

this remains a central focus for the work ethic and national energy agency and look forward very much to continuing our close collaboration with the united states and other members of the iea family to this end. in this brief opening remarks, just three points for my written testimony. the first is to say that are multiple causes of the recent run-up in energy prices which have affected different commodities in different ways. main factor as you have said, the rapid economic recovery from the downside caused by the pandemic and they're been various weather-related events including droughts in brazil, lower than average wind generation in europe and various plans and unplanned outages to supply. we do not consider that climate policies or clean energy transitions have played a significant role. some analysts looking at today oil and gas markets also see signs of what you might call artificial tightness in markets and if you look at the example of the low levels of gas storage stored in gazprom storage facility in europe you may can see why some, why hold that view. my second point rela

agency for climate change. benson will serve as head of office in the new energy division. the agency will develop nationaly innovation as u.s. tries to reach net zero emissions by 2050. >>> it is 5:42. >>> many retailers closed for thanksgiving and where you can get last minute items today. >>> taking a look ahead to what you can expect on that forecast today. it will be plenty sun and temperatures near 70 for some of our warmer spots. i will have a lot more specifics on this forecast, coming up. want more from your vitamins? at nature's bounty, we give you more. more immune support. with the only vitamin c that lasts 24 hours. more restful sleep. with the first-ever triple action sleep supplement. we put more of our brains into helping your heart. we give you more wellness solutions backed by rigorous science than we ever have before. nature's bounty gives you more, so you can live bountifully. >>> welcome back. time for the money watch report, retailers closing today plus cooking free dinner alternatives and take out meals available for the holiday. diane king hall reports now from the new york stock ex

this is the nation's best energy enforcement agency. we also have mr. jake levine, who is the chief primary officer for the climate corporation. they have a lot of potential interests on the hill. i look forward to hearing how dsc will use all its tools, including loans, loan guarantees and equity investment in this climate challenge. finally we have mr. jonathan richards, the deputy vice president infrastructure, environment and private sector. they have the ability to get results and i'm eager to hear how they will be brought to bear on climate. just a note of witnesses, members, when you're asking your questions, please for the witnesses try to keep your opening remarks here to about five minutes, and once we get into the question and answer session for our members, if you can try as much as possible to keep your question and answer period to those five minutes. i don't think we can go too long, but i want to make sure we have time to ask our questions. ms. caldwell, please. >> chairman, chairman keating, mr. fitzpatrick, ranking members of the subco

rich nations delayed promises to help climate change. >> the international energy agency said to get we need to seize fossil fuel financing. we need to see further ambition on moving investments away. reporter: campaigners spoke directly to the chancellor. he claims the u.k. at the center is at a tidal wave. laura: amid those discussions, is possible to lose sight of the bigger picture. madagascar are is a reminder is what is at stake, is at the brink of what the u.n. is calling the first climate induced famine. our climate editor reports. yo might find some images distressing. reporter: almost one million people are suffering severe food shortages in madagascar, many are on the verge of starvation. she gathers her family around her. they live their entire life in this village. but now, the ground is bone dry. >> there has not been any rain. not a single drop has hit the soil. everything failed. reporter: it is agony for her daughter to see her childrego without food. >> my son does not keep my when he is hungry, he pulls on my shoulder and climbs on my lap crying for food, saying i'

the international energy agency had one goal, make sure as patrons, the wealth richest nations had on interrupted access to oil. now the power space organization is warning the well to stop developing new oil and gas fails to avoid a catastrophic rise in temperatures. but is anyone paying attention big finance and big oil or continuing to power billions of dollars into new production? and i want to clear that targeting the arctic a region where the delicate environment has seen extraordinary melting of ice due to the burning of fossil fuels. now, according to reclaim finance, the banking industry has provided $314000000000.00 for oil companies. between the years 2016 and 2020. and investors held roughly 272000000000 in oil and gas stocks and bonds failing a super time goes through their own climate change commitments. there are $599.00 oil and gas feels in the arctic. 222, a currently in production. $39.00 are under development, and $238.00 have been discovered in the next 5 years on tick oil and gas production is expected to increase by 20 percent. take a look at this map of 20 plus

rich nations have also delayed long—promised funds for poorer countries to help with climate change. the international energy agencywe need to cease all new fossil—fuel financing. these commitments today don't add up to that, so we need to see further ambition on moving our investments away from brown into green. why are you giving tax breaks to fossil—fuel companies? green campaigners were crying foul directly to the chancellor on the site of the negotiations. he acclaimed the uk at the centre of a tidal wave of global green banking — the hope that the carrot of cheap finance, rather than the stick of tough regulations, is the answer for the world. faisal islam, bbc news. meanwhile, the boss of the energy giant shell has said it can hit a target of net—zero carbon emissions by 2050 but will need revenues from its oil and gas business for many years in order to pay for it. ben van beurden has been speaking to our business editor, simonjack, at europe's largest oil refinery in rotterdam. 20 million tonnes of oil a year flow through pernis, the largest refinery in europe. globally, shell has a carbon footprint the si

rich nations have also delayed long—promised funds for poorer countries to help with climate change. the international energy agencyt to 1.5, we need to cease all new fossil—fuel financing. these commitments today don't add up to that, so we need to see further ambition on moving our investments away from brown into green. why are you giving tax breaks to fossil—fuel companies? green campaigners were crying foul directly to the chancellor on the site of the negotiations. he acclaimed the uk at the centre of a tidal wave of global green banking — the hope that the carrot of cheap finance, rather than the stick of tough regulations, is the answer for the world. faisal islam, bbc news. let's take a look at some of the stories in the headlines in the uk. a british fishing trawler impounded by french authorities over post—brexit fishing rules has left the french port of le havre after a french court ruling. the ship was seized last week, with french authorities saying it had been caught fishing for scallops in french territorial waters without a proper licence. england's deputy chief medical officer has warned there are

rich nations have also delayed long—promised funds for poorer countries to help with climate change. the international energy agency, we need to cease all new fossil—fuel financing. these commitments today don't add up to that, so we need to see further ambition on moving our investments away from brown into green. why are you giving tax breaks to fossil—fuel companies? green campaigners were crying foul directly to the chancellor on the site of the negotiations. he acclaimed the uk at the centre of a tidal wave of global green banking — the hope that the carrot of cheap finance, rather than the stick of tough regulations, is the answer for the world. faisal islam, bbc news. the us has blacklisted an israeli company that makes pegasus spyware, which has allegedly been used by governments to hack into the phones of political rivals, journalists, activists and lawyers. along with nso the commerce department has also blocked another israeli company, candiru, saying there was evidence they had supplied spyware to foreign governments that used these tools to �*maliciously target�* numerous individuals and �*to conduct t

rich nations have also delayed long—promised funds for poorer countries to help with climate change. the international energy agencynd said that to get to 1.5, we need to cease all new fossil—fuel financing. these commitments today don't add up to that, so we need to see further ambition on moving our investments away from brown into green. why are you giving tax breaks to fossil—fuel companies? green campaigners were crying foul directly to the chancellor on the site of the negotiations. he acclaimed the uk at the centre of a tidal wave of global green banking — the hope that the carrot of cheap finance, rather than the stick of tough regulations, is the answer for the world. faisal islam, bbc news. let's take a look at some other stories in the headlines. ethiopia's prime minister, abiy ahmed, has pledged to bury what he called "the enemy" with the "blood and bones of his forces". his address marked the first anniversary of the war in tigray. facebook has removed a post from mr abiy calling on civilians to take up arms against the tigrayans. children aged five to ii in the us have started receiving their first co

rich nations have also delayed long—promised funds for poorer countries to help with climate change. the international energy agency.5, we need to cease all new fossil—fuel financing. these commitments today don't add up to that, so we need to see further ambition on moving our investments away from brown into green. why are you giving tax breaks to fossil—fuel companies? green campaigners were crying foul directly to the chancellor on the site of the negotiations. he acclaimed the uk at the centre of a tidal wave of global green banking — the hope that the carrot of cheap finance, rather than the stick of tough regulations, is the answer for the world. faisal islam, bbc news. as sea levels rise and volatile weather becomes increasingly common, we're also seeing a rise in climate change migration. the issue is not on the agenda at cop26 — cutting emissions is the main topic on the agenda there but with 31 million people displaced last year in internal migrations linked to climate change — some are warning that if we don't see decisive action taken on climate change, this will only grow in scale. professorjane mcada

rich nations have also delayed long—promised funds for poorer countries to help with climate change. the international energy agencyd, to get to 1.5, we need to cease all new fossil fuel financing. these commitments today don't add up to that, so we need to see further ambition on moving our investments away from brown into green. green campaigners were crying foul directly to the chancellor on the site of the negotiations. he acclaimed the uk at the centre of a tidal wave of global green banking, the hope that the carrot of cheap finance rather than the stick of tough regulations is the answer for the world. faisal islam, bbc news. amid all the discussions in glasgow about how to lower carbon emissions, it's possible to lose sight of the bigger picture. madagascar is a reminder of what's at stake. the country off the coast of east africa is on the brink of what the un is calling "the world s first climate—induced famine". 0ur climate editor, justin rowlatt, reports. and a warning — you might find some of the images in his report distressing. almost a million people are suffering severe food shortages in madagascar

rich nations have also delayed long—promised funds for poorer countries to help with climate change. the international energy agencynd said that to get to 1.5, we need to cease all new fossil—fuel financing. these commitments today don't add up to that, so we need to see further ambition on moving our investments away from brown into green. why are you giving tax breaks to fossil—fuel companies? green campaigners were crying foul directly to the chancellor on the site of the negotiations. he acclaimed the uk at the centre of a tidal wave of global green banking — the hope that the carrot of cheap finance, rather than the stick of tough regulations, is the answer for the world. faisal islam, bbc news. president biden has admitted people are "upset and uncertain about a lot of things". it follows a surprise defeat for his democratic party in the race for govenor of virginia. in another strongly democratic state — newjersey — the sitting govenor only narrowly won re—election. the shock results have boosted republican hopes of winning back control of congress in the mid term elections next year. key parts of mr biden�*

rich nations have also delayed long—promised funds for poorer countries to help with climate change. the international energy agency new fossil—fuel financing. these commitments today don't add up to that, so we need to see further ambition on moving our investments away from brown into green. why are you giving tax breaks to fossil—fuel companies? green campaigners were crying foul directly to the chancellor on the site of the negotiations. he acclaimed the uk at the centre of a tidal wave of global green banking — the hope that the carrot of cheap finance, rather than the stick of tough regulations, is the answer for the world. faisal islam, bbc news. let's get some of the day's other news. research in england has provided the first evidence worldwide that vaccination can drastically reduce cases of cervical cancer in women. the study followed girls vaccinated in 2008 and found that rates of cervical cancer in those jabbed aged 12 and 13, now in their 20s, were 87% lower than for those not immunised. ethiopia's prime minister, abiy ahmed, has pledged to bury what he called �*the enemy�* with the "blood and bones

rich nations have also delayed long—promised funds for poorer countries to help with climate change. the international energy agencyll new fossil fuel financing. these commitments today don't add up to that, so we need to see further ambition on moving our investments away from brown into green. green campaigners were crying foul directly to the chancellor on the site of the negotiations. he acclaimed the uk at the center of a tidal wave of global green banking, the hope that the carrot of cheap finance rather than the stick of tough regulations is the answer for the world. faisal islam, bbc news. is faisal right? i've been speaking to our environment a nalysts a na lysts o n analysts on how significant he thinks today's announcement is. well, scientists have been saying for a long time that if we don't put the climate and the environment at the climate and the environment at the centre of every decision we might have a planet worth living on. so the initiative announced by the new two uk chancellor rishi sunak was for companies you have to draw up was for companies you have to draw up a plan showing how they could

energy agency. thanks very much for being with us. so is this move by the u. s. president and other nations going to work in, in tackling the higher prices. not sure dollar are actually the price when i left of the announcement they had come down quite a bit in expectation of a release in the last few days. but as soon as the announcement was made to dead, the price recovered. some lost ground and went up. but it, it, it's not clear that it's gonna work out badly because the strategic reserves were designed to tackle disruptions in supply. the price is not up because of a disruption in supply today. it's up because producers are not cramping up, supply very fast and, and demand is recovering, perhaps faster than people are expected. so there is an imbalance in the market, which is driven by supply management policies, and by the strategy of all companies, not buy one of the disruption. and it's not clear that this move, we will address this sir, this imbalance. the release volume is not very high either or really bit less than what the market expected. is there a danger as well that the, th

international atomic energy agency says it's not been able to access footage of nuclear sites since february you as president is nominated the head of the federal reserve, the nation central bank for a 2nd term, jerome power was 1st pointed by donald trump, but biden says continuity is needed at this moment, both of a, both enormous potential and enormous uncertainty for our economy. we leave stability and independence at the federal reserve. jazz proven the independence that i value in the federal chair in the fed chair. in the last administration, he stood up to unprecedented political interference in doing so successfully maintain the integrity and credibility of this is institution. flooding in south sudan is destroyed access to food supplies for many people, but not access to fish. in fact, since water levels rose, it's become more widely available. and farmers, you have been hit hard by the devastation or adapting to the change. how are we to us airports from fan gack in john glenn state? paul yaks is. he hasn't seen floods this bad since the 19 sixty's when he was a boy flood waters have destroyed crops, blocked access to field and reduced grazing land. the

nations have also delayed long promised funds for poorer countries to help with climate change. the international _ with climate change. the international energy - with climate change. tue: international energy agencyge. t'te: international energy agency says to get to 1.5 we need to cease all new fossil fuel financing. get to 1.5 we need to cease all new fossilfuel financing. these commitments don't add up to that. we need to see further ambition and moving our investments away from brown into green.— moving our investments away from brown into green. campaigners were c in: foul brown into green. campaigners were crying foul directly _ brown into green. campaigners were crying foul directly to _ brown into green. campaigners were crying foul directly to the _ crying foul directly to the chancellor on these negotiations will stop he had claimed the uk was the centre of a tidal wave of global green banking, the hope of the carrot of cheap finance rather than the stick of tough regulations is the stick of tough regulations is the hope for the world. faisal islam, bbc news. companies around the world are making environmental pledges, but can and will they deliver them? take shell, for example — one of

rich nations have also delayed long—promised funds for poorer countries to help with climate change. the international energy agencyoday don't add up to that, so we need to see further ambition on moving our investments away from brown into green. green campaigners were crying foul directly to the chancellor on the site of the negotiations. he acclaimed the uk at the centre of a tidal wave of global green banking, the hope that the carrot of cheap finance rather than the stick of tough regulations is the answer for the world. faisal islam, bbc news. joining me now is laurie macfarlane, who is an economist and fellow at the ucl institute for innovation and public purpose. thanks so much. if the targets are not legally binding, why would anyone want to obey them? well. not legally binding, why would anyone want to obey them? well, it's certainl a anyone want to obey them? well, it's certainly a good _ anyone want to obey them? well, it's certainly a good thing _ anyone want to obey them? well, it's certainly a good thing that _ anyone want to obey them? well, it's certainly a good thing that we - anyone want to obey

united nations atomic watchdog says it believes iran has further increased its stockpile of highly enriched uranium in breach 2015 accord with world powers. the international atomic energy agencyup to 60% fissile purity increase of almost 18 pounds since august. secretary of state antony blinken curious message to africa this book. he says the u.s. democracy is in his word fragile. this comes during a trip to promote american democracy and values in the continent. here is state department correspondent benjamin hall. >> secretary blinken arrived in kenya on first day of first official trip to africa. in his very first statement he said. this we see the same fatalities here that we see in many parts of the world. misinformation. voter intimidation. voter bribery all across the united states hardly immune from these challenges. [inaudible] >> blinken is in after from can a to address some of the world's most serious human rights violations still thought to exash it to the state of u.s. democracy. administration officials says it shows humility. in reality it is u.s. diplomacy that is looking fragile unable to stop the bloody civil war in ethiopia despite attempts to broker cease

energy surprise and migrants. in the u.k. numbers of parliament are urging boris johnson to crackdown on money laundering. 17 lawmakers wrote to johnson asking him to tackle economic crime. the national crime agency money laundering costs the u.k. more than $130 billion per year. astrazeneca wants to profit from the vaccine developed. the british drugmaker watched pfizer and moderna reap huge profits. the vaccine will still be sold at cost to developed nations. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am ritika gupta. this is bloomberg. alix: cop 26 winding down and glascow with talks to stretch into the middle of the weekend. joining us is denmark minister dan jorgensen. denmark describes its approach as a hockey stick model. when we get the final communique? minister? min. jorgensen: was that a question for me? alix: when we get the final communique? min. jorgensen: now the negotiations are going into the final stage and it is too early to say when they will finish. right now the presidency is saying it will be this evening. they might very well bill on all night. the biggest hurdles right now i

nation will do in terms of limiting global temperatures. of course, at the paris cop conference, the world agreed we needed to limit temperature rises to 1.5 celsius. interesting the international energy agencylls in that spectrum. i where the consensus of science falls in that spectrum.— in that spectrum. i want to look at the picture — in that spectrum. i want to look at the picture on _ in that spectrum. i want to look at the picture on the _ in that spectrum. i want to look at the picture on the front _ in that spectrum. i want to look at the picture on the front of- in that spectrum. i want to look at the picture on the front of the - the picture on the front of the sunday telegraph, it is the son of azeem rafiq and he is holding a banner which says, racism is not banter. into how his dad was treated and more than a year ago, azeem rafiq told bbc sport he dreaded every second of his career and that a team—mate used a racially offensive term linked to his pakistani heritage. james, how damaging has this been and where do things go from here? this damaging has this been and where do things go from here?— things go from here? this has been massively damaging. _ things go from here? this ha

transportation energy interior and commerce departments as well as the environmental protection agency administrator and top white house aides all hands on deck to speak about the bill on national and local media. the president also has to focus on his social spending bill which some democrats had hoped to pass along with that infrastructure bill. that didn't happen as part of the negotiation to get the infrastructure bill passed the congressional budget office is now will have to give a final cost estimate before a vote may take place down the road and to try to make sure the numbers from the congressional budget office match. what the white house is saying and the cbo director does not have an estimate on how long that review could take. so we'll keep you posted there. pam and ken, back to you. all right, grant, thank you very much. coming up, hoping to avoid another winter surge. >> the push to get shots into the arms of the most vulnerable ahead of the holidays. >> speaking of the holidays, thanksgiving looking to be a very busy time to travel help at the airports are expected to be. >> i'm definitely hoping that he survived hoping that he's ok and he makes a speedy recover

energy agency if all the promises here are put into place on time. now, on one hand, that represents real progress because coming into this conference, the united nationsc increase of 2.7 degrees celsius by the end of the century. 1.8 is clearly a big improvement, but it is still short of the goal, which is 1.5. and in order to achieve that, it is widely accepted that all countries must do more, especially in the short term, this decade by 2030, to dramatically decrease carbon emissions. today is youth day at the conference. we will see thousands of people, including thousands of young people, i should say, including the noted environmentalist, the swedish greta thunberg marching through the streets of glasgow. they will be joined by tens of thousands of protesters over the weekend. they are marching, rallying to keep the pressure on to remind the people who are negotiating at the conference here that near enough simply isn't good enough when it comes to climate change. christine? >> all right, phil black for us from glasgow. thank you so much for that. >>> back in the u.s., more than 20,000 health care workers are set to strike this mow against kaiser

international energy agency if you factor in all the progress that has been made at this conference. on one hand it is hugely positive because going into this conference, the united nations were on track for 2.7 degrees of average global warming, which is a climate catastrophe. and this is the first time that there has been a credible estimate that suggests we would achieve something below 2 degrees of global warming. but the goal is 1.5, and as it stands, that is still significantly off track. and where the gap is is in the short-term commitments. what countries are prepared to do this decade in order to dramatically reduce their emissions, kim. >> all right, thanks so much for your reporting there in glasgow, phil black. appreciate it. >>> the rising cost of fuel is affecting countries all over the world and that has ripple effect as residents pay more for gas, they also pay more for everything that depends on gas. in an effort to lower prices, mexico's president created a new and controversial government-run oil company. cnn has the details. >> reporter: on a recent morning in mexico city, people lined up for what has long been a monthly ritual, filling up their lp ga

agency. in the wake of the colonial pipeline ransomware attack, we saw a breakdown of the ppd 41 framework. and a failure to execute the national cyber incident. specifically, the department of energy was given the lead role in the federal incident response efforts, despite being neither the lead for active response under ppd 41, nor sector risk management agency or the pipeline subsector. what guardrails have been put in place since to ensure the next time the u.s. has to respond to a significant cyber attack on our nation's critical infrastructure, the lines of effort are articulated under ppd 41 and will be observed? >> thank you for the question. ppd 41 remains quite useful and appropriate document to guide our efforts in the moment of contingency or crisis. say a repeat, god forbid, of the colonial pipeline. what we have done since then, and the last 3.5 months now that we have assumed these roles, is to double down on our efforts to understand the role of cisa. it is increasingly clear with the role is as coordinator. to double down and however relates to the sector management agencies, understanding the lanes, how they complement one another. such as in the heat of the next