we begin with a wide-ranging attempt to restore americans confidence in the u.s. economy, after weeks of troubling financial indicators. treasury secretary janet yellen spoke under oath today to answer questions about the controversial actions she and the federal government took to rescue silicon valley bank. our banking system is sound and that americans can feel confident that their deposits will be there when they need them. this week s actions demonstrate our resolute commit to ensure that our financial system remains strong. yellen also said that no taxpayer money is being used to reimburse those depositors. more on her testimony in just a moment. but first, let s check object markets right now. stocks are surging on word that major banks are in talks to rescue ailing first republic bank. cnn s matt egan is here with us. so talk about this potential rescue of first republic bank. yeah, bianna and victor, over the weekend, we had this government-led rescue. now i
right here to cnn. new central. happening soon in charlottesville, two of these three men who carried tiki torches and march nearly six years ago at a white nationalist rally are scheduled to appear in court today. each has been indicted on a single felony charge of burning an object with the intent to intimidate. which carries a maximum penalty of five years in prison. 2017 rally ultimately led to violent clashes with counter protesters in 32 year old heather higher, lost her life. cnn s brian todd is in charlottesville. brian i understand there are some new developments, what s going on there? well john. the hearing is slightly delayed because there s another unrelated hearing going on in this court behind me, but in a few minutes we do expect this hearing to take place where two of the three defendants in this case are expected to appear to set the scene for our viewers. we have to kind of differentiate this. these defendants are charged in the case that s related to that
parking lot in san francisco, and we were in iceland and saw what s there and that s it and the whole world. should i be depressed by that, or or you could view it as an opportunity , i guess removal business. cnn s chief climate correspondent. bill weir is with me now and bill. one of the reasons you and your reporting inspires me is because you do focus on actual solutions here. things that can be done this project john we spent the last year i went out looking for hope and ideas, and there are so many ways there are so many feasible ways for life as we know it could be. we know that there s some pain coming that s baked in, but between his idea to pump this bio oil back in oil, the one thing that this this hour i took away from it s just the scale of the problem. a trillion tons of carbon that s train cars that s men in hard hats and shipping ports devoted to this building the oil industry in reverse and someone to do it with machines like peter s someone to use artificial whale poo
and create healthier oceans, which draw down carbon well themselves or carbon. capturing machines, someone to use kelp buoys that capture and gobble. they grow up two ft a day and then sink to the ocean bottom. there s lots of ways to supercharge mother nature s natural carbon removal systems. and a lot of people will get rich doing it. i mean, this is a trillion dollar industry. we re not talking about. that s okay. absolutely it s as it should be. and the thing is there s conservationists. i think an environmentalist, so we should preserve as much wilderness and that has to be part of it. but we also have to build stuff. we have to build a cleaner future and that is going to create an entirely new economy. for literally everything you see in your life. there s a more efficient, less carbon intensive way to do that. some of the solutions that you talked about and we ll be talking about sunday night feel very, very big and also a little distant from you and me necessarily, like i m not
that s right. after making a killing in software and becoming frustrated with carbon offsets. peter reinhart helped found charm so this over here is the is the paralyzing startup that scoops up the organic waste usually left to rot and farm fields heats it into biochar, which improves soil health and bio oil, which he injects down into old oil. wells how much have you injected to date sequestered about 5450 tons of co two equivalent that is a drop in the bucket compared to the 50 billion tons a year that we re admitting as a as a civilization. confirming peters claim independently as tough because carbon removal verification is also brand new. but if he s right, teeny drop in the bucket would be about half of all the carbon ever removed. no offense. this is awesome, but it s a couple of containers in a