or, you know, outside europe. then i think that we would be looking into a more and more successful global position of europe in the world. and you are right now we need to get the act together. somehow we need to understand what are the challenges that are coming up in the next decade and the next 20 years and 50 years down the road and be able to plan ahead. and of course, the idea is to do this in a kind of a multi lateral way. and in a way that preserves somehow peaceful cooperation between trading partners between associates in this case. okay. i mean, we're brought out of time. we've run out of time, i guess the major question is can europe survive the european union to be continue gentlemen? ok, many thanks them i guess in paris and in guilford. and thanks to our viewers for watching us here at r t c. next time. remember, talk with with kaiser financial survival guide. when customers go buy, you reduce the price. now well, reduce a lower that standard cutting, but what's good for food market? it's not good

of europe in the world. and you are right, we need to do to get the act together. somehow we need to understand what are the challenges that are coming up in the next decade and the next 20 years and 50 years down the road and be able to plan ahead. and of course, the idea is to do this in a kind of a multi lateral away, and in a way that preserves somehow peaceful cooperation between trading partners between associates in this case. okay. i mean, we do have run out of time. we've run out of time, i guess a major question is, can europe survive the european union to be continue gentlemen? okay, many thanks them i guess in paris and in guilford. and thanks to our viewers for watching us here at r t c. next time. remember, pa stuck with ah, join me every thursday on the alex salmon. sure. i'll be speaking together for the world politics sport. business. i'm sure business. i'll see you then. mm. i look forward to talking to you all. that technology should work for people. a robot must obey the orders given by h

of europe in the world. and you are right now we need to do to get the act together. somehow we need to understand what are the challenges that are coming up in the next decade and the next 20 years and 50 years down the road and be able to plan ahead. and of course, the idea is to do this in a kind of a multi lateral away. and in a way that preserves somehow peaceful cooperation between trading partners between associates in this case. okay, when we run out of time, we've run out of time, i guess a major question is, can europe survive the european union to be continued gentlemen? ok, many thanks to my guess in paris and in guilford in an thanks to our viewers for watching us here. at our t. c. next on remember prostate with ah, ah, also for eric room identify 2 types of freedom, freedom froman, freedom to. and while we all idealized the lesser achieving the former, the freedom from use and abuse is no small feat in this day and age. this is especially true for africa, which, for centuries has been exploite

, then europe gets new opportunities and a new world. europe is love any longer, completely dependent to the united states. so the america united america playing dia, politics to preserve their global leadership role as the only superpower. and they don't care about consumer prices and energy security. in europe, they care on their ah power. and that's the game giant. and so they, they are supporting the warranty ukraine they are attacking. and then she surprised russia. it's one strategy. and what we see is, is a part of that strategy let. so let's, let's talk more about this gas issue and what, what is going to a bit of a gas argument really. so no stream to the, the latest russian gas pipeline going directly from russia under the baltic into germany. it's basically completed now and they've just started putting gas just in the 1st section of his pipeline now. so it's not going to get to europe for a while. but there are numerous rash, russian gas pipelines that feed europe from the north, from the east, from the south as well. does it, you know, after all these years of anti russia

between europe in china, i don't see any real problem. we have in europe. we need to re industrialize the continent and we have to look, let me jump in here. look, let me jump in real quick as we're almost out of time, i want to go to our guest in beijing to react to the taiwan issue because i want to everyone, i want this to be fair and balanced. go ahead. the issue of taiwan over the issue of taiwan is very simple. the u. s. has no intention and no capability of defining the island china actually went in. but they are, you know, as you recall from the general's call to the chinese counterparts during trumps administration, at the end of it, it was the, the chinese were afraid that the u. s. is trying to goad them into doing some sort of military action against taiwan. so the u. s. the claim that, yes, see china is the terrible over. we've always said it. everyone has to rally around us american exceptional lives forever. so i want to be very care or not another on other down the usaa idea re conjuring the world. ok, gentlemen, very robust discussion here.

yes, together, europe is necessarily weak, precisely because we use the word europe, but it doesn't really mean anything. and the consequence of this is that the united states can behave in the most bizarre way towards europe, ignoring not, not in telling them by the way where we growing from afghanistan. not even telling them by the way we're making a special on baxter with australia and the united kingdom. so the humiliation pied on the humiliation. and there is no way in which euro can form a hold that i jump in here. i'm going to hold, i'm gonna jump in here, please hold that, that we're going to go to a hard break. and after that hard break, we'll continue our discussion on european securities name starting ah with imagine picking up a future textbook on the early years of the 21st century. what are the chapters cold, gun violence, school shootings, homelessness? first, it was my job and then it was my family. didn't was my savings. i have nothing. i have nothing and it's not like i don't try. i look for resources, i look for jobs. i look for everything i can to make this pass and i e

europe stands at a crossroads will remain dependent on washington as a junior partner or will europe opt to play the role of a great power on the world stage. i cross talking e u china relations. i'm joined by my guess. i nor tango in beijing is a political and economic affairs commentator in prague. we have brad blankenship. he is a columnist at c g t n, as well as an rti contributor and an elecom that we crossed to look reggae. he is an independent journalist or a gentleman, cross hoc rules and effect, that means he can jump in any time you want. now he's appreciate, look, let me go to you 1st here. i mean, it, you know, on the face of it, you know, the, europe's relationship or more rather e u relationship with china is very convoluted because major training, a trading partners, a major investment deal. i'm kind of stuck. but, you know, there's been, there's an understanding about investment and, and then we have, you know, nato, i'm saying, you know, you know, china is no different than russia. it's the same threatening landscape. i mean, it's very convoluted. i mean, is there an

this tim violence spread into europe. on january 7th, 2015, two gunmen raided the offices of the ench satirical magazine charlie hebdo paris. 12 people were killed that day, traumatizing the country. angela merkel was in london visiting british prime minister david cameron, and immediately pledged germany's support. >> i will always be incredibly grateful to angela merkel for the stance she took when france fell victim to terrorist tacks. germany was our most valuable friend through those times. she was able to express solidarity with gestures. angela merkel came to paris she took the initiative and was the first to say she would join a mass demonstration against the threat of islamic extremism on january 11. that shaped our cooperation in the fight against terrorism. it was very important for franco-german relations, and for the personal relationship between myself and merkel. it fostered enduring respect and appreciation. >> in the summer of 2015, merkel faced one of e most consequential decisions of her political caree

so not stream to again, could help them out, could help europe, europe out and because it, well it is, it is a new technology and it can handle the large volumes. but well, it is being opposed to the launch of nord string to is being opposed due to political resit reasons. russia says, so. so far russia has been very understanding and will, has been doing according to the russian president again, everything that it could. but it is unclear as to how many more steps russia will take, you know, are which won't be reciprocated for some of her dates relation. i really enjoyed as well. basically, a u energy officials got greedy thought of being clever, and they messed up. thanks so much enjoy that they get it better than i did. now, thea, natural gas price in europe, as we said, it's in soaring salt on ice recently. it's now nearly 6 times what it was in the spring while and is put the continent on course for major energy crunch and laid bare internal divisions within the block over brussels green policies. what is peter oliver explains? while prices are as high as they are on the commodit

you in gas prices in europe. he take new records with the german government warning people to prepare for a close to freezing month. meantime, the country energy regulators still the ground and operating license to the now fully completed russia node stream to gas pipeline.

i and i haven't been to europe. and i don't, i don't understand the point that you're making see, she hasn't been to europe though. what does that have to do with her job to handle? one of america's worst ever boarded problems. ran in yours is a little bit. and if you think about it camel harris fits perfectly into the now very political hollywood crowd. and just like silver screen superstars, sometimes she just misses the target with some of her statements just a few days ago with israel, which has my heart because i think that people have that that. and again, this is about the fact that your voice, your perspective, your experience, your truth, and then just like a good agency, her office has to clear the air. while visiting george mason university to discuss votes and writes a student voice to personal opinion during the political science class, the vice president stroke would disagree with the student's characterization of for israel smiles and handshake. so they work miracles when you're making a movie, korea,

the other, let's not forget europe relies in a very big way, nearly 1/5 of europe's energy comes from renewable energy. based on climate change, which remains front and center, we have had a number of renewables sources such as wind and solar power that have essentially not been able to fill in that gap when it was needed the most. so that again beckons the call for more infrastructure, more technology and infra-structure investment. guy: how do you play that? in my buying investments? how do i actually play that story? aneeka: the interesting way to play it is actually via battery technology. the companies that are really focused on infrastructure into the grid, whereby you can actually harness and store renewable sources of energy, and then release them when and is -- when it is most required. the third way we are trying to play the new narrative egging place in the markets is via high dividend paying stocks. right now, given the fact that we've had a better-than-expected adp print, investors are cementing the fact that they are very likely to see the fed taper next month. now inves

one, still it's the 3rd data in europe. in fact, the drive is the only biomass facility to rank in the continents plan of c o, 2 emitted, today you have it while selling itself as comp and neutral. running would actually bounces out more emissions and from burning coal, you to its lower energy density than fossil fuels would, has to be burned in higher volumes to produce the same amount of energy. but in no attempt to clear the air, drax responded to the claim, saying, the figure is a false. figures are inaccurate and completely at all. it's with what the world's leading climate scientists at the you into governmental panel on climate change, say the both sustainable biomass been crucial to deliver in global climate targets . despite the thick of the site still managed to attract more than 800000000 pounds in u. k. government subsidies, that's a 2000000 pounds every single day in 2020 alone. because of course why our energy production reflects well on the government's climate record. but all of this is left the locals. the

yes, together, europe is necessarily weak, precisely because we use the word europe, but it doesn't really mean anything. and the consequence of this is that the united states can behave in the most bizarre way calls europe, ignoring not, not in telling them by the way where we're growing from afghanistan. not even telling them by the way we're making a special paxton with australia and the united kingdom. so the humiliation pied on the humiliation and there is no way in which europe can form a hear all that. and i, and i jump in here, i'm going to hold, i'm gonna jump in here, please hold that, that we're going to go to a hard break. and after that hard break, we'll continue our discussion on european securities name starting ah, join me every thursday on the alex salmon. sure. i'll be speaking to guess when the world politics spoke. business, i'm show business. i'll see you then. mm. oh, driven by dreamer shapes banks concur some of those with theirs sinks, we dare to ask a one. no, sir, no, not a joke. no, no. well dog, more real to what they should end up unit 73. 1 was a unique organi

we, in short guaranteed uninterrupted gas deliveries to europe. we have every reason to believe that this year we will reach record levels of gas deliveries on the global market. when prices are volatile, when they're going through the roof, what can help with that extra supplies? president prudent said that there was not a single occasion when rushes energy joined gas from refused a request from europe for additional natural gas exports. and what mr. brewton was asked of straightforward question whether moscow has ever used the energy sector as a political weapon. his answer was straightforward. no, want to ask you about it directly. has russia been using energy as a weapon? russia's not using any weapons. if you've been paying attention as for the economy, where are we using weapons in what conflicts are we taking part and for the economy? this is not something we tend to use. this is what i call a politically motivated talk. there's nothing to support it when it comes to saying that we use energy as some kind of weapon at the end of the day. i

yes, together, europe isn't necessarily weak precisely because we use the word europe, but it doesn't really mean anything. and the consequence of this is that the united states can behave in the most bizarre way towards europe, ignoring not, not in telling them by the way where we are growing from afghanistan. not even telling them by the way we're making a special on baxter with australia and the united kingdom. so the humiliation pied on the humiliation. and there is no way in which euro can form a hold that and i jump in here, i'm going to hold, i'm gonna jump in here. please hold that, that we're going to go to a hard break. and after that hard break, we'll continue our discussion on european securities name starting ah ah, if you are expecting be of non government put me in the image or a seat. and i'm sorry, this is a wrong expectation be you will have to see that is non, you want me to go with julie entities. you've got to impose the democratic system on both on sunday the lord and then went to court order of course, after 40 years of fed interventionism by simply expanding an

we favour energy security of europe. we want to work collaboratively with them, with countries in europe, and with the european union for that case in order to ensure that there would be no jumps like the current one... if you are so determined to send that message, why is it that according to the international energy agency, russia is providing less gas to europe today than it did before the coronavirus pandemic, and the iea believes russia could "definitely do more to increase gas availability to europe." why aren't you? gazprom have in fact started pumping out from its reserves into the pipelines to stabilise the market. i believe the demand skyrocketed against the background of very slow winds that, in many ways, negatively affected renewables, especially in northern europe and in great britain, for that case, in the uk. i am not an expert here. i do recognise that there are such sentiments widely spread out, but i would also refer to it as an element of what we believe is an in—and—out information war that west

it supplies 40% of the natural gas going into europe. there's deep concern in europe about the leverage that gives moscow. are you prepared right now to alleviate those concerns? very much so. in fact, this is exactly what we have done in recent days and weeks, including with direct and personal involvement of president putin, who spoke very forcefully in favour of doing maximum on the part of russia to stabilise this market. we are the most secure, reliable and forward—looking supplier of natural energy to europe. we have always been such a supplier and we will continuously work to this end. we invite all the colleagues in the european union and beyond, including our neighbours, to recognise this simple fact — we favour energy security of europe. we want to work collaboratively with them, with countries in europe, and with the european union for that case in order to ensure that there will be no jumps like the current one. but if you're so determined to send that message, why is it that, according to the international energy agency,

and i believe they would have pushed more gas in europe. and so therefore we wouldn't be in such a dire situation today. terry, appreciate you coming on, get your expert analysis, my guest here, ross energy expert, thank you. thank you. with a natural gas price in europe. i mentioned it a moment ago. i sought in fact, as an all time record, it's now nearly 6 times incredible. what it was just in the spring with a consonant uncles for major energy crunch and it is light that internal divisions within the block of brussels green policies. it oliver has ml, while prices are as high as they are on the commodities markets. this isn't so much going to trickle down to consumers as perhaps these prices are gonna fall upon homeowners from a more domestic home uses, form a great height to what we've heard from the european commission president ursula found a lion is that she recognizes that there are major problems that we're facing right now and problems that are coming down the pipe further along, but says that in the long term, it's renewable ener

and we also need to get a little bit west in europe century, less western europe century because when you go to, you know, athlete time, other places where people need mobility, they may not have the money to invest in all that an electric vehicle infrastructure. so we need to make sure we keep the we still and like we find and power whilst we move on that fast speed towards energy transition address. let's just move the debate on quick and talk about emissions. i mean, what impact you think the energy crisis then we'll have on you emission commitments . i mean, if renewables on foss enough on cold and gas as you say, a plug in the gap, how is that like it? and to play out next month, clock $26.00 in glasgow. well 1st of all, i say, you know, the current crunch said we're talking about is, i mean, it is not great and it's difficult and it will affect the most vulnerable people across europe and elsewhere. but i would still say it's temporary, it is something that will go away after you know, a couple of months when, when the markets will change again. well, when we're going to have a

as europe grapples with high prices. the president also agrees to boost supplies to the you while saying the block brought the crisis on itself. what church against the state catholic bishops in france at loggerheads with the government after a report reveals hundreds of thousands of crimes against children committed by the clergy. we speak to one of the victims. when we came to france, i was 8 and 9 years old. so i spent almost 2 years there until i was sexually assaulted. but pray not what shameful is not apologizing for an atrocity committed in catholic institutions on hundreds of children. ah. i brought kathy live direct from our studios in moscow. this is our t international. glad to have you with us as we recap to weeks top stories. but 1st we start with our special coverage of a trail blazing russian film. their crew returned to earth from the international space station. actress julia per sealed ended director clement chapin co spent 12 days on board. the i assess making the world's 1st movie shot in orbit. ah ah

we are in criminals and terrorists, a terrorist threat both in europe. i know north america since we'll have enough gummy. so if you did look out, i mean i'm talking about dealing with serious organized trauma, trafficking, lots of dealing with trafficking, those type of fences and terrorism. and i think the point that was made, but you know, it's only allowing, like counter terrorism agencies, policing agencies in the u. k will be like the national con, one. you know, a, we agency those things you wouldn't giving 70 police force. it was like when we were in the european union, michigan information system, which was a database that wasn't available. so the police force in the u. k. it was only to send an offices and the pounds i just happens and all of them in the united states were, were abuse we just to be with. so if it was, if it was utilized and executed for what it was written up more than a 100 percent, if it oversight was proper on it. and i think it would be a great tool. i think that, but we just, we always take something that's, that's meant t

our gas supplied to europe. the number one ingredient in mr. putin's recipe for the volatility in prices, not to come back any time soon. that is a long term contracts when gas prices aren't fixed, but they depend on the current market situation and the oil prices. by the way, what's the major cause for concern for some very important european politicians, is the transit of russia natural gas through ukraine beyond 2024. well, lot of our putin said that russia is ready to keep that in place, as long as it knows how much gas europe is willing to buy in the future. i. e, he wants these long term contracts again. what russia ones is stability and predictability. he'll become on our international catholic bishops in france, are at odds with the government. after a damning report reveals hundreds of thousands of crimes against children covered up by the clergy. we're from one of the victims after a short break. this is the weekly, on our, to international. mm. ah . hello, driven by drainage shaped bank. concur. some

this is what europe. once to that, latimer poke and says, well, what we need is contracts long term contracts to understand how much gas europe needs in the future. and then, and in that case, we can then decide how much gas goes through the park is stream. that's what the pipeline through the black sea is called, how much gas we can send through our north stream pipeline and to ukraine as well. but mr. poodles, general answer to that was, yes, russia is ready to maintain its ukrainian transit. besides this, mr. who went on to talk about something that doesn't really have to do with energy . but this is something that the moderator asked the russian leader that was about russia relations with washington and about arm's security. mister bruton said that russia is ready to talk with washington ready for talks with washington on the revival of possibly some of the older treaties that washington abandoned under donald trump, under the previous cedars as well. or that it's ready to hammer out new agreements, w

and this in turn led to shortages of supplies in europe. in particular, the prices for natural gas at one point skyrocketed to unprecedented levels and death that many analysts indeed call this a true global energy crisis. but in that times, specifically russia by some has even been blamed for politicizing the matter. and before that for years, moscow has been under fire for some of its infrastructure projects like gas, the nord streaming, to in particular for direct natural gas deliveries from russia to the northern coast of germany. and like i've been hearing from many experts here on day one of russia's energy we get there has been reassessment. and reassessment is also something that mr. putin has been talking about. he also spoke about what he called mistakes on the part of a some of brushes partners when it comes to their energy policies. so let's have a look at what else the russian leader said about that austin nuggets via group is higher prices on gas in europe are a consequence of a deficit of energy and not vice versa. and that's

kind of gas in terms of the volume europe once if europe agrees to long-term contracts? maria: all current -- has its own electronic asked platform to supply on a spot basis. the position of gas promised to supplies in the long-term contracts is understandable. have the predictability or our investment decisions. for emergency, russia will be ready to supply additional gas volumes on a spot basis. guy: in terms of the risk for vladimir putin, there is a perception that he is taking advantage of a difficult situation. he is saying europe is to blame but nevertheless the perception is he will take advantage of it. is there a long-term risk in pursuing this? i'm wondering how you think europe will be seeing what is happening here and thinking about how it uses different forms of energy, does not rely on russia. what is the long-term consequence of what is happening? maria: starting a discussion about gas [indiscernible] the gas supplier for the european market. [indiscernible] the market is almost 50% of worldwide cash trade. all of the additional volumes trade on a spot ma

he also pledged to supply more gas if europe requested it. he also stressed the importance of the now completed nord stream to gas pipeline, under the baltic sea, which is still awaiting the final green light from europe. this year to look up as far as north stream to has been served or what opponents and the project have claim that this is not a commercially viable product and russia, if pursuing geopolitical motivations week, well, you know, this is yet another ballistic nonsense. is that what i just like to pay closer attention to what i'm saying on this route is 2000 kilometer shorter and quicker to our main consumers in europe that and via ukraine d. c. 2000 kilometers more efficient. it's cheaper because transit is cheaper to do, and it's also cheaper for common virtues because the transit fee has to be included in the ann rice in particular for european customers. we are doing this, it isn't white, are political differences. this year we have increased supply by 10 percent. again, let me very much like them to be grateful. instead of o

so the real income of workers in europe is rising. that's a testimony to a lot of things, but it includes the much stronger position of their labor movement, which is able to make things happen there that we don't have here. and i think that americans are learning that they're looking fondly and enviously, and they're going to be moving in the logical direction to get closer to that. now we're speaking of the timing here. i mean, we've obviously been talking about huge supply chain constraints recently as all of this goes on and we look at strikes that, i mean, john deere, catalogs named best go just to name if you could, these cause further issues, they actually get employers to listen more so than they would have in the past. yes, but i think what we have to look at is, is to be a little careful here. and a little economics, basic economics prices rise. when the people who set prices choose to raise them, those people are called employers, employees on set prices, employers do. and when employers raise prices as they are doing now a

the fact is europe depends on moscow for most gas. is russia using the crisis for geopolitical leverage? guest: you are touching on a very important topic. russians have not done anything wrong. they supplied the contract they are supposed to supply. but they have not done much more. what they typically do over the summer is restock through ukraine and other countries, and they have not done this which means we are now at 76% of storage being filled up, compared to 90% on average of what typically happens every year. which means now russians are using this to make the case for supply security being insured by way of bringing their new pipeline, which has been completed, but it is not operational yet. so russia is now essentially suggesting that in order to avoid a supply crunch this winter, you better make sure your regulatory authority has made sure this becomes operational. it is certainly about geopolitics, not necessarily about market behavior. host: an interesting quote from putin blaming the crisis on what he calls the eu his st

yes. together, europe is necessarily weak, precisely because we use the word europe, but it doesn't really mean anything. and the consequence of this is that the united states can behave in the most bizarre way towards europe, ignoring not, not in telling them by the way where we growing from afghanistan. not even telling them by the way we're making a special on baxter with australia and the united kingdom. so the humiliation pied on the humiliation. and there is no way in which euro can form a hold that and i jump in here, i'm going to hold, i'm gonna jump in here. please hold that thought we're going to go to a hard break. and after that hard break, we'll continue our discussion on european securities names are going ah the lack of universal healthcare makes america the country of every man for himself . we have a retirement crisis in this country and we have a health care crisis for seniors in this country as well. so private business has come up with a special mechanism for that. it's called the live settlement market. we are a life settlement provider, which means that we buy life in

and it's going to mean soaring bills from millions of households all across europe. some ag politicians have pointed the finger at russia's gas from accusing it of manipulating the market to push through the approval of the nor stream to gas pipeline. but vladimir putin is pledged to boost gas supplies, appears to have lessened these concerns in the western media. have a listen to this at russia wants it to be approved. but i don't think much is really doing anything wrong here. you know, europe has a supply crunch. russia has the gas to supply it. russia does instantly benefit from care for the market. they want high stable prices and they want to be seen as a reliable partner. some words soothing words, i guess which we rarely get from mr. potent actually helped reverse that. 3540 percent jump over night in natural gas over in europe. desson element off of rossa playing politics, but there's also an element of a mom of money having been invested in noise being do not just on the russian side from the european side as well. with outgoing german chancellor, anglo mer

our gas supplied to europe. the number one ingredient in mr. putin's recipe for the volatility in prices. not to come back any time soon. that is a long term contracts when gas prices aren't fixed, but they depend on the current market situation and the oil prices. by the way, what's a major cause for concern for us? some very important european politicians is the transit of russian natural gas through ukraine beyond 2024. well, lot of putin said that russia is ready to keep that in place, as long as it knows how much gas europe is willing to buy in the future. i e, he wants these long term contracts again, what russia ones is stability and predictability. we discussed the issue with international and strategic affairs expert francis peron, he thinks that there is a u turn happening within the u over the use of russian gas with some countries now striving to import more separate. jessica, you add up to the new in that she strategy, which is scored a net sheet union, which means to speak clearly for you again, co

we in short guaranteed uninterrupted gas deliveries to europe. we have every reason to believe that this year we will reach record levels of gas deliveries on the global market and due to one. ah, what exactly could help europe in this particular situation? what kinda make sure the prices go down. well, perhaps the answer is obvious. that is, extra supplies to the continent. and what mister pope said during that panel discussion was that whenever russia was request it for a boost in exports the answer from moscow. the answer from gas from russia's gas, that was always yes. so russia never said no. and when mister proven was asked a direct question whether moscow was ever using energy as a political weapon. the answer from them, from his, from him, sorry, was straightforward. the answer was no one to ask you about it directly. has russia been using energy as a weapon? russia is not using any weapon capsule. if you've been paying attention, as for the economy where we're using weapons and what conflicts are we taking part and for the economy, this

s. less rain in china and brazil, less wind in europe. i don't know while or visit events appeared, occur. but this, as i would say, well or the inventories on gas. and so we see today and exceptional circumstance, i think that after winter time we should be able to come back to better prices and lower prices, which would be good for everybody. thanks so much for that, patrick, i'm going to bring in bernard at this point when you think about this with regards to b p, we understand that the you, of course, is talking about composing legislation today. they're going to roll that out in brussels, which would essentially require that all oil and gas drilling would be stopped in the arctic and that there would be an inability to bring those products to market. obviously that would impact to total energy. that would impact be potentially and how worried are you about that? well, again, and it's great to be here and in moscow as well. thank you for including b p in the conversation. i think what this crisis in europe regard to prices has reminde

you end up with all of these strange dynamic swear in europe, -- strange dynamics where in europe, europe needs investment in industrial batteries to increase storage of electricity, but europeans won't buy those in asia because the factories that produce those batteries are powered by coal, so you end up with a shortage of batteries in europe, which means you can't have the electricity you need to power electric vehicles. so there will be sequencing issues where if you take the purest approach where you don't want to have any exposure to coal, you don't build the infrastructure you need to allow this transition to happen. i think that is a challenge which we are in right now, wher it ise a sequencing issue. you do need a lot of energy to transform the system to a new one, but how do you power that transformation? renewable alone won't be enough to do that. alix: how do you make money off of this? bilal: the way to make money is to understand that in the end, paradoxically, there will be a lot more demand for fossil fuels then people would initially anticipate. there has been chronic unde

p. europe business school in london. welcome to you, sir. as well as prompt getting your overall taken. what's happening now in europe? can i put one aspect to you? the hungarian prime minister has laid the blame for the current gas crisis in europe at brussels doorstep. do you agree that the use push for renewables may have played a role? indeed, it is a major reason for the classes in europe. european loan has been pushing nicholas he for his transition at the expense or i'm dr. collection. in sobering, it has affected investment and production of oil and gas. and without that fixing the demand for them, which means they why, again, the better sense in the market. hence, you're not getting and gas prices. now. they're not a moral. they have been paying politics with the stream turn gas pipeline. if they won't, they won't gas from russia. they should have issued a temporarily operation. her license for not assume can 15 trial b cubic meters. just do that. and then we'll let you go before january the start doing a cation process. so our ques

and europe. as you just said, in your, your 1st story is very dependent, still dependent on the guest deliveries from russia, from our region, from other parts of the world. and russia has built this infrastructure to help her europe, to secure the energy flows through europe. but again, there is this political logical problem, the brussel commission of the you and of course, party like the greens they are a lot of forces in the european union of other countries, especially in the east europe. even countries are against to close corporation with russia out of political reasons, not of commercial reasons. the did seem to be this relentless push towards green policies and with no stream to if that is implemented on it gets the, the full go ahead in europe. might it slow down those policies that depends to be seen, but germany wants to become the, the model for green policy, for a building, a green modernized economy. and it's very stubborn in that. and you will see that the new government in german

and on that of europe with the benchmark. and on than , , ., , of europe with the benchmark. and on than , , that there will be people across euro -e that there will be people across europe thinking _ that there will be people across europe thinking is _ that there will be people across europe thinking is there - that there will be people across europe thinking is there any - that there will be people across - europe thinking is there any respite coming? there might be in the medium—term? i coming? there might be in the medium-term?— coming? there might be in the medium-term? ~ , ., , medium-term? i think if you see some sianals in medium-term? i think if you see some signals in the — medium-term? i think if you see some signals in the next _ medium-term? i think if you see some signals in the next week, _ medium-term? i think if you see some signals in the next week, that - medium-term? i think if you see some signals in the next week, that these i signals in the next week, that these will be used more than they already are, then that will bring down the whole price an

is it a real sign of support for the tech industry in europe? what are you seeing in europe that you are not seeing elsewhere? nicola: the jobs are a mixture. highly skilled. engineering, product jobs and associated business functions. europe is a fantastic bed of talent because of the universities. that is why we are excited to do this announcement. this is over the next five years. we will start recruiting before the end of the year. we are also interested and have explored what it means for how people work. not all of these jobs will be requiring people to come into the office. they can be in different places. or different countries. francine: apple and google are killing the ad cookies. what does that mean because of your advertisers? do you have to work extra hard to keep your advertisers? nicola: as a company, we face a lot of competition from different tech companies. we have seen the changes that apple has made particularly with ios 14. some businesses are navigating the changes. we continue to make sure we adapt our system to help busin

in reality, at gas supply, see europe have actively increased as well. that was one of the main points of the, at speech as well. and even during the toughest parts of the cold war at rushes fulfilled its contractual obligations. as regards the supply of gas to europe, and quite a lot of impassioned responses from the russian president as he was speaking there at let's in fact try and take a quick listen to one of his response to miss gamble on one of her questions a little bit earlier, he won't speaking for 2 and a half hours at this was one of the responses look of this assume a but well as far as not stream to is concerned. what the opponents of the project have are claimed saying that this is not a commercially viable product, and that brush is pushy, not renew due to political motivation. but you know, this is yet another piece of nonsense. just please pay close attention to what i'm saying. this route is 2000 kilometers, shorter and quicker to get to our main consumers in europe than via ukraine. 2000 kilometers more efficient. so it's cheaper beca

to europe. at the moment they are using existing capacity up to just how much people would want to supply. what we think is if they use all their capacity and they certainly have the gas for it in the winter is relatively normal in europe, we do not think europe will have an issue in meeting demand. the question is whether the winter will be called. that is a different outcome. guy: what is the best case and worst-case scenario for europe? massimo: the best case which is the normal weather condition across europe and also across asia. we think under that condition the market should end the winter in a situation where storage will be below a normal winter but still in a relatively comfortable position. if you get a cold winter in your -- in europe and a cold winter in asia, that could reduce input -- imports to europe. additional demand for the winter in europe and less energy imports. that is the worst scenario. that is only additional russian gas that can save the markets. alix: that is the wor