So that is pretty evenly split, actually. Theres certainly quite a lot of recognition that Central Banks need to think about new toolkits. We are going to go to some questions now, but if you want. O use the platform to submit i think larry gave an excellent description of what the core problem is that the developed world faces, that there is a glut of saving and a , and it of investment really means that we have to have fiscal policy, structural policy, and things other than. Ust relying on Central Banks i think Central Banks need to do what can come about they can. Adopting a system called flexible average inflation targeting, i think this is an appropriate change. Somewhat improve the scope of Monetary Policy to show that shortterm Interest Rates are often constrained by the effect of lower bound. I think it is helpful in preventing a cycle of falling inflation feeding falling inflation expectations, but i strongly believe Central Banks need to be independent and need to do everythi
Income hit almost 3 million. 3 billion. Here is a key piece to that, u. S. Shale. Bp made a bet in july 2018 buying assets for 10 and a half billion dollars. The increase their foothold in the permian and elsewhere, that came with 4. 66 billion barrels of resources. All at low cost. Bp now wants to spend 2. 5 million in u. S. Shale and increased rig count to 1525 in 25 in count from 15 to the next two years. How do you develop that at 60 oil when shareholders only want capital discipline . Joining me is the chairman and president of bp america. So great to talk to you today, thank you for joining us. Your first tv interview. It is great to be here. Alix north america and bp, how critical is north america to bp . Susan huge. In terms of the 70 countries we do business in, our footprint is biggest here. We do everything here that we do globally. 40 of our stock is held here. It is a material part of our business. Alix and it will be a huge part of your shell business with the integration
Locations where we have supply shale. Bp made a bet in july 2018 , buying assets for 10 and a the global fleet has about 2000 half billion dollars. Scrubbers as well, so they will not run the low sulfur oil and i think the number will continue the increase their foothold in to grow. There will be demand for both the permian and elsewhere, that products. Came with 1. 66 billion barrels of resources. Alix youve been on this job for a year now. All at low cost. Bp now wants to spend 2. 5 you were a downstreamer. What were your takeaways . Million in u. S. Shale and youre also one of a handful of increased rig count to 1525 in women executives in the oil the next two years. Industry. Susan its a really exciting how do you develop that at 60 time to be in the industry. Oil when shareholders only want the challenge ahead of us to capital discipline . Meet the needs some the energy demands, and do it at a low joining me is the chairman and Carbon Footprint is hugely president of bp america. I
U. S. Shale. Bp made a bet in july 2018 buying assets for 10 and a half billion dollars. The increase their foothold in the permian and elsewhere, that came with 4. 66 billion barrels of resources. All at low cost. Bp now wants to spend 2. 5 million in u. S. Shale and increased rig count from 15 to 25 in the next two years. How do you develop that at 60 oil when shareholders only want capital discipline . Joining me is the chairman and president of bp america. So great to talk to you today, thank you for joining us. Your first tv interview. It is great to be here. Alix north america and bp, how critical is north america to bp . Susan huge. In terms of the 70 countries we do business in, our footprint is biggest here. We do everything here that we do globally. 40 of our stock is held here. It is a material part of our business. Alix and it will be a huge part of your shell business with the integration of bhp assets. From your perspective, how is the integration going . What do you get
Television providers, giving you a front row seat to democracy. Joining us this morning is a Business Reporter for the New York Times covering the, coverig the Auto Industry. Thank you very much for being with us. Industry. I want to start with President Biden and talking about the rain job creation, especially for the audit Auto Industry and get your thoughts on the other side. When i say climate means jobs i mean good paying union jobs. [applause] a lot of Clean Energy Products that pay good wages and use made in america parts and products. Not violating any International Trade agreements. Its all in the law. We are reincentivizing companies to build products in the same committees that power our nation with fossil fuels. Whether its scranton, pennsylvania or West Virginia, where ever, they have supplied the fossil fuels we need for generations. For example, nextgeneration batteries are being made in an old steel mill in West Virginia. Solar panels are going to a close coal plant in