Skip to main content

tv   [untitled]    June 10, 2021 8:30pm-9:01pm +03

8:30 pm
film of tri becca, all of the audience will be fully vaccinated, and masks will be optional. it will be a landmark event, not only for the festival, but for this city hall, gabriel's hondo, i'll just say to new york. ah, i'm how about the demon headlines on al jazeera reports by the un and rate agencies as the 350000 people in the field, p a t gray region, or the facing or living in famine theory has been in conflict services november when you feel p and government forces entered the region to confront local leaders . us ambassador to the un says the security council is ignoring the disaster. the security council's failure is unacceptable. we have addressed other emergent crisis with public meetings, but not with this one. so i asked those who refused to address this issue publicly,
8:31 pm
do african lives not matter? it's time for the security council to have a public meeting on this issue. it's time for the counsel to take meaningful action to address the crisis. joe biden, and boris johnson had struck a cheerful tone during their 1st face to face leasing. this year's president and u. k. prime minister. they're looking to highlights the nation's famed special relationship ahead of the g 7 summit. there are differences between them, particularly over breakfast and the future of northern ireland. after the g 7 button will attend nato and your opinion talks then meets russian president vladimir putin. israeli police. if he stung grenades to disperse palestinians outside the mosques, gate, they were protesting against the fall. i just really was threatened to march through the looks a compound, despite orders that forbid his visit since left the area or the thousands of warners filled the streets in the west bank city. for the funerals of 2 palestinian
8:32 pm
intelligence officers were killed along with another palestinian and during the race was really forces on thursday and and israeli court just a school here in the case of for palestinian families. this is force displacement from their homes in phil, one neighborhood in ki, plenty schuessler. israeli forces, a tax panel senior protested she would demonstrate in outside the current president and i knew will. my crew has a nice the reduction of french troops battling arms, goods in the sahara beach and of west africa. frances, more than $5000.00 troops on there, it's bar can kinds of terrorism operation. it's intervened in molly, in 2013 town pushback ida and iceland fighters, lead overrun parts of the country. and those are the leases headlines to stay with us here on al jazeera. i'll be back with more the lease as well. nice after insight story, which is coming up next. news,
8:33 pm
news, news, news, news. we will change our energy strategy, the words of royal dutch shell following a court ruling forcing it to cut its emissions a clear victory for environmentalist. what does it mean for the oil and gas industry? this is inside story. ah, ah, ah. hello and welcome to the program. i'm peter dobby. it is a landmark case brought by climate campaigners for the 1st time, an oil giant has been legally obliged to adjust its policies to save the planet.
8:34 pm
british dutch multinational shell now says it plans to speed up its plans to cut greenhouse gas emissions in response to that ruling last month. the company was ordered by court in the hague to reduce emissions by 45 percent by the year 2030. that's a much higher reduction than the firm's pledge to lower its emissions by 20 percent . the lawsuit was filed in 2019 by 7 activist groups and more than 17000 dutch people. environmentalists say shell is obliged to bring its business into line with the 2015 paris climate accord. the shell, c, e o ben van de burden, so that the company will appeal against the ruling he added. for show this ruling does not mean a change, but rather an acceleration of our strategy. we have a clear target to become a net 0 emissions business by 2050. we will see ways to reduce emissions even further in a way that remains purposeful and profitable. well,
8:35 pm
an estimated 1800 law suits related to climate change being fought over in courtrooms worldwide. and climate activists are preparing to take on even more companies, environmental groups and local authorities in france. so filed a case targeting total energies. major oil companies are also making changes as they come on growing pressure to cut their emissions chevron investors the voted in favor of a proposal to cut its emissions while shareholders at exxon elected to climate activists to the company board. while the industry operations are estimated to account for 9 percent of all human made greenhouse gas emissions. that includes me thing the poses a global warming threats more than $25.00 times greater than that of carbon dioxide . oil is estimated to release one 3rd of the wills carbon emissions when burned, while gas produces one 5th. the drilling method of fracking is known to contaminate
8:36 pm
drinking water sources with chemicals that lead to serious health diseases. there's also the risk of oil spills that have a devastating impact on marine life and explosion as a b p oil. reagan 2010 released more than 130000000 gallons into the gulf of mexico, causing one of the world's worst environmental disasters. ah, okay, let's get going. let's bring in our guest in amsterdam. we have minute, a potter leak campaign at friends of the earth in the netherlands in burn. we have connie, the maya, and economist, and energy analyst. and in rome, we have lorenzo. the are among the day a professor political economy at the university of pretoria and author of well being economy success in the world without growth. welcome to inside story nina in amsterdam coming to you 1st. does this mean that the big polluting companies around the world, the companies around the world who are taking chunks out of the ozone now in effect, have a duty of care to all of us?
8:37 pm
yes. yeah. i think many we showed with our, with our case against shell, the, the, a big clue such as show can no longer continue crossing dangerous climate change. and this is very strong signal also to the other companies that are responsible for a lot of emissions. clearly am i there in the national courts legislative internationally because that's an effect, i guess what we're talking about the business is that good or bad? well, it's new. i mean it's something that has happened in the us for some time. it's really not that much in europe, but the climate flemish change debate is a global thing. so we shouldn't be surprised that it's happening. it's going to be tough for companies to comply. and you know, sometimes it's very much a 1st world thing. it's easy to see how this can work in the 1st world. we also
8:38 pm
need to look very hard at what it means in the emerging economies and what it means, you know, for energy poverty and so on. lorenzo in room will we expect to be able to see more litigation around the corner, but i mean, it will be a long, slow process. presumably we're talking about a time span of years here, but it will happen, i guess. of course it will. i have to congratulate the dutch course. this is not the 1st time they do it in 2015. the netherlands was the 1st country that accepted a lawsuit from environmental organizations against the government for not doing enough against climate change. that was the 1st time. and after that, thousands of course, around the world done the same and you learned in parts of the united states and so on and so forth. now we're taking, you know, they've taken on companies and i think it's going to happen again. and again, if you think about the fact that they started in 2015 and in 2021 devil ready rule on a number of levels that things have to change. and that both governments and companies
8:39 pm
have a direct responsibility to words, the rights of citizens in this field. i think it's not going to be a long process that being quicker than politics. nina, thank you. and i'm that i'm there. is it your understanding of this that this rolling only applies within europe because global warming doesn't respect borders. global warming doesn't respect different jurisdictions. and i guess that's the problem for the courts and the companies that we're talking about and international governments as well. yeah, i think that's something that we acknowledge in our, in our case against shell and also the judge village's climate change is not something from within borders. it's a global phenomena and especially the impact is of course being seen already in the global. so although the courses are mainly in the global war, and that's also why does this such an interesting and such importance for it
8:40 pm
because it applies michelle for the room. so show us to reduce it to emissions with 45 percent globally on average globally. so maybe shell will move the foster in europe and a slower in other than the rope, but on average 45 percent in 2030, which is a big step. but it is also a necessary step because this is what science needs to be done to avoid dangerous climate change. so it is a double kordek, although it is done in the netherlands. and that's a big question. that's a big step forward in, in our fight against planning change. and therefore, i think it's it, although the headquarters of these companies are often in europe in the us. but their impact is globally as well as this. the verdict. cornelia speculate for me after your appearance on this program, you're offered and you accept the job as c e o. x on. in america,
8:41 pm
you now run the company. exxon is well known as having been a climate change deny. they spent a long time as a corporate strategy saying it's not real. don't worry about it. how do you tweak an all to exxon, to make it come in behind? what the oil and gas industry has to become? well, i think that's a very good question and it goes up at one thing because the european companies have actually been quite good. if i look at shell shell doesn't one of the 1st companies that didn't just look at their c o 2 emissions, but also looked at the c o 2 emissions of their clients. b, p has gone down that route recently and to tell us going down that route. and the european companies really are we've, i'm paying the all companies to become, you know, energy companies to do more renewables and so on. and the american companies are really lagging behind. so if i was exxon, i would work very,
8:42 pm
very closely with the european companies just to get the right measures in place to do more in terms of beefing up of redefining myself away from an oil company to an energy company. this being said, you know, it's great. i was one of the things i'd like to see is that we look a little bit more, not just that at the overall impact, but we should also look at the environmental impact of uses and sources of energy for the full life cycle. so i would like to see what to e, v electric vehicles, for instance. what does that mean from, from you know, designing them to de commissioning them? and i think that's still a lot of work to be done in order to really look at what the impact of various energy sources and use the saw over the full life cycle. not saying that we all need to change had we all need to adhere to
8:43 pm
d. m 1.5 degrees centigrade over pre industrial level. some of global warming, lorenzo for poorer countries, will countries that asset rich when it comes to fossil fuels, oil, gas, and coal, etc. but they are fiscally in a, a precarious situation. i'm thinking about countries like say, nigeria is this actually a curse for them? because their entire economy will 8090 percent of the economy is based on oil gas. no, it's not a curse. we have to realize the fact that many of these countries have been oppressed and in a way abused by these companies. i mean, otherwise, next year would be now a very rich country. so these countries, nigeria, mozambique, and go, i know this country haven't lived 20 years in africa, not of these countries such as gain out of this of course, the pollution of destruction and the quantities have generated contradictions. just like to remind everyone that lawanda and gold as one of the most expensive cities
8:44 pm
in the world and good and cannot afford to have in order to under. because all companies are basically pushing up the prices. and it's still a country. bear in equal ravaged by a conflict and so on and so forth. most b is having now a reemerging civil war because of gas exploration and shell to tall. you and i are at the forefront of that process. so these countries didn't get a good deal out of this. now the question is, can we get a good agreement internationally that as we move out of oil, we're also going to pay reparation costs to countries that have to bear the burden of the wrong source of energy without benefiting directly from it. so i think, i think it's an opportunity to help these economies diversified. they have suffered from what is known as the dutch disease. you know, the oil and the, the gas and other natural resources have been a court, a curse, not a blessing for these countries. and that's an opportunity to change, so let's not present it as, as a risk. but these countries,
8:45 pm
this countries have already paid a high price from having been exploited because of what lies under their breath. nina, do you trust the other oil companies around the world? the oil companies, the gas companies, and i guess the, the companies that are still involved in coal mining and fracking as well to do the right thing. because can i suggest you need that? the shell, the royal shell, c e o actually got it right. when he said, look, we cannot do this quickly because if we stop taking the oil out of the ground, the demand is still going to be there. so somebody else will meet that demand. yeah, i think this is a very difficult topic to address because we, we cannot look into the future. although we tried all the time. we are seeing that building up the pressure on fossil fuel companies, not just shell, but also the other prices and national companies are being good under pressure increased pressure. so this was, this was
8:46 pm
a historic verdict that mil, indeed lead to shell having to change your business. and maybe other companies are interested in their assets. but let's not forget that all of the almost of the countries in real time agreements are almost over the countries in the rural want to avoid dangerous climate crushes to occur. so there are 2 things changing, and this verdict can be a very important a separation of this transition. so other companies might think in a very short term, they could win from this. but if we look at the global transition that is going on, then, then all the oil and gas companies really have to take a step back and look at their business model. is this a sustainable business model? can they continue going on like this? not in the long term we, we need to move away from oil. gotcha. goal. they know it, they know they've done it for a very long time. all these companies try to be the last man standing. but this
8:47 pm
verdict shows that that is no longer possible, not for shell, but also enough for other companies that might be the next one going that that are suit and hopefully they will avoid having to go to court and change their business model already or government will will take their responsibility and say no longer within our borders. cornelia, depending upon how individual organizations react over the next year or 2 or 3 perhaps. could this be a win win for the big multinational oil and gas companies? shell share price went up. that feels counter intuitive. i would guess that if a ruling goes against the company, the share price should go down. but if they handle it properly, they can actually make money out of this because surely the price that the pump. when i go fill up my car, the price of the pump might go up and also the price per barrel as an opec level
8:48 pm
might go up as well. while i would say that the reason fail and all other oil company share prices have gone up, is spec. you've seen this year alone, oil prices to go up by more than 6 step by more than 35 percent. and if you compare it to a year ago, it's a 100 and something percent. so that's that. and i look at the european company said they've actually been quite responsible and they have all a, b, b, p, b, it thought who is now no longer want to call it self thought about in l g, b, a shell, they are redefining themselves as energy companies doing a lot more on on renewables. the one thing where i'm a bit concerned isn't and this works again. it works for the 1st world. but i'm a bit concerned if i look at the, at the, as you know, developing economies. who still, you know, who still have energy, you know, poverty in many places. how can we go that quickly just substituting for
8:49 pm
hydrocarbons? we may not be able to so we need to find a way, a way of getting there. and just one quick remark, when you say that when one of your guess says, oh, the oil companies have exploited these countries. i think if you look at shell, if you look at b p to have been trying very, very hard to be responsible corporate citizens. but a lot of it is down to the leads of those countries, one not always doing the best for their populations. lorenzo you is smiling and shaking your head, their joints briefly come back on that point from cornelia. and i don't want to be disrespectful, but i think we live in 2 different worlds. i mean, just in africa, there have been civil worse. and there have been act of social rebellion against the exploitation of the night during the niger delta, for instance, nigeria for centuries. and previously and now since at least 1000 sixty's
8:50 pm
against all companies doing so against show in particular, this is the history of nigeria. i'm surprised that a lot of people in perhaps in the rest of the world, the know this, i mean people have been executed for rebelling against oilfields run by european companies. and the same happens in many countries, as i said now as we speak, there is the emergence of a civil war in muslim be the, the country had been pacified after civil war, the eighty's and ninety's. and it's because of gas explorations. and again, all exploited by european companies. these companies have already been indicted. ever ready? been convicted so many times for many different activities. and now finally varies of burdick that says, you can also be convicted for not doing enough to reduce palmer changed, which is a threat to everyone. and i think one of the reasons why some of these companies will see their shares increase in value is because a lot of people, consumers,
8:51 pm
as well as shareholders, are understanding that the future of energy is without oil. so the quicker you change, the more valuable the company will be at some point, and this is not me saying this, this is the stern review. this is the world bank, this is the m s. companies that own oil, oil, oil resents, will have stranded as you know what that means. it means liabilities. it means that you're going to actually, it's like having something that you're going to have to pay for, not something that is valuable in the market. and a lot of investors are realizing this lorenzo, i'll come back to you on that point about consumption habits in just a moment. i want to go back to nina to potter in amsterdam, nina, quantify for me. what's really going on here. we've got more than $400.00 cases like this, around the world, excluding the united states and the columbia law school today with the financial times on their website, making the point that in the united states alone, there are almost 1400 similar cases. so going, going through the american legal system that $1617.00 other cases around the planet
8:52 pm
. so something is changing here. we are pushing back either as individuals or 3 groups like yours. so quantify for me what that is. what is happening here in that the climate movement is strong, is getting stronger and stronger. also to records. we see that governments are not doing enough, not protecting our us citizens against drunk prices. and therefore, people decided to take the take their own future and say, no, we don't want any more. we are going to course because it's about our future and i'm still young, so it is actually about my future. so all this climate court cases, of course, together date can be extremely effective, but also the individual once we were the 1st ones that were successful against a price company and and making sure that
8:53 pm
a company needs to change the policy. we also see a lot of court cases where compensation for damages is off. i think those cases are especially important for people in the global south that are facing this damages already. and we see things against governments. all of these cases together show that we are concerned, and we know we, we, you don't want to go to court. going to court is one of the last resources. but we are at that, at that point. how does the crisis just so if it's so real that we have to do this measures, okay, and that's growing and the success needs to more cases. but if i, if i, if i can, i would like to respond quickly to what i said earlier about the companies in europe or the judge make very clear that the show is not doing enough. and i hear men, i always hear this, but shell is doing better than the actual or the european companies are,
8:54 pm
are already doing more to become more sustainable. i think there must be very good in talking to green talk, but the actions are left behind. ok, and that's i think, something that the proof this in this course, i mean i'm going to interrupt you because we are rapidly approaching the end of the program, lorenzo in rome. let's go back to that idea of consumption habits. clearly people, we all of us on the planet got to change how we do, what we do. anyone who's lived and worked in america. good luck with trying to get people out there, s u v. 's. and there are 3 ton trucks. if you live and work in the middle east, like i do, you try and get people out of their toyota land cruises or then this san pathfinders not going to happen until the oil and the fuel runs out. who does it? and how do you do it? how do you get people into electric smart cars?
8:55 pm
i think the question is not whether you need to replace one type of car with another type of car, although easy cars a better down in internal combustion cars. but i think the question is, is the type of mobility we want? what is lacking in the united states is a public investment on public transportation. i think those of us who live in europe live happily also the wealthy without owning a car and life is just better. we don't feel less developed in the us because we don't use personal cars as, as much as they do. and i think, i think it's a matter of rethinking what it means to be a, you know, a developed country of all the country is a country that does better, not the country that does more spending hours and hours in the traffic jam is not a sign of development and i think our friends from the goals or friends from the other side of the atlantic should understand that the more we invest in public transportation, the more we do so efficiently with new technology, with different vehicles using electric as much as possible and rightly using electric that is based on good life cycle assessment. ok, and we all have all the technologies and the methods will actually be build
8:56 pm
a better society. cornelia, coming back to us suspect for our last point. the pressure is mounting in the oddest of quarters. i notice today that the, the church of england man who runs the church of england pensions board, which has a financial income with shell, is saying, actually this is really, really good news. is it your sense, cornelia, that this is a complete step change in the narrative to do with global warming, and it simply cannot be denied and it must be dealt with. absolutely, and i think when you look at it, when you look at e s t investment e s t investment environmental, social and governance comp compliant investments, it's the fastest growing asset class in the world. and that's where investors are moving by 2025 more than 50 percent of all, you know, professionally managed money in them in the u. s. for instance,
8:57 pm
which was the laggards will be e s t compatible. so that's really where this is going to and that is also where the court would take this going to if, if, if m companies do not become compliant with court, we're a big sways the with new standards, it will be hard to attract investment. but then again, one of the things i just would like to say, and i'm glad our, our colleague from italy said that is that we also need to look at the full life cycle investment. because it's so easy to say o e v spectrum. this is better, we really need to look at what this means in terms of the full life cycle of any use or any source of energy. we have to leave that discussion though, that's a good point to end our thoughts today. thank you all. thank you to, i guess they were nina, the potter cornelia maia and lorenzo your auntie and thank you to for your company . you can see the show again via the website of course alpha 0 dot com. and for more discussion check on our facebook page, that's facebook dot com,
8:58 pm
forward slash adrian side story can join the conversation on twitter at ha, inside story is our handle from me peter toby and the insights. so team here and thanks for watching. we will see you very soon for the moment. bye bye. i news. news. news. news. the demand for low price clover is accelerating high speed. that's absolutely great by 2030. the industry will expand by an additional 60 percent. i'll just take a detailed look at the disposal of our committee. oh,
8:59 pm
or the date exposing the hidden human and environmental costs. why was a company give free? what to do? you never know. data said, boss fashion, all knowledge of you from the world's most populated region, the an untold story across asia and the pacific. to discover the current events with diverse coaches and conflicting politics. ah 120 on out there a be part of the debate is self defeating the end because it in the us or in the u. k. because it will just come back again when no topic is off the table. what we wanted to talk about were the glen white men impacting our lives
9:00 pm
years dream, where a global audience becomes a global community, jumping to the comment section, and part of those discussion. there are like kinetic efforts to silence. on the online page on al jazeera, the news. this is al jazeera. ah hello there i'm, how am i getting? and this is the use our life from doha. coming up in the next 60 minutes. this is about our responsibility or humanitarian obligation to save as many lives as we can . a global vaccination push here as president joe bulletin and i'm says plans. he's by.


info Stream Only

Uploaded by TV Archive on