located in oslo and worth more than a trillion dollars, norway's sovereign wealth fund owes its existence to the country's vast reserves of oil and gas. it claims to be an ethical investor, so there was some consternation when it appointed my guest

located in oslo and worth more than a trillion dollars norway's sovereign wealth fund owes its existence to the countries vast reserves of oil and gas. it claims to be an ethical investor. so there was some consternation when it appointed my guest today, nicolai tangen as its new boss. is a risk taking, flamboyant hedge fund manager the right man to steer the worlds biggest sovereign wealth fund?

i'm joined now by thom woodroofe in oslo, norway. he works on chinese—american climate co—operation at the asia society policy institute. he's also a former pacific climate advisor. it is great to have you on especially at this juncture. i just want to start by asking you, we have heard a lot of criticism at china and india add to the cop26 about watering of the deal. how fair is this? laying the blame on them? it’s this? laying the blame on them? it's ureat to this? laying the blame on them? it�*s great to be with you. it very much depends on whether you take the glass half—full or glass half empty approach here. i think if you have the glass half—full approach to what we saw yesterday it's important to acknowledge that china has never, in an international impact of acknowledge the need to phase down fossil fuels including coal. acknowledge the need to phase down fossilfuels including coal. and that's quite significant even if we know the direction of travel that beijing is going in and we need them to move much sooner i