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Transcripts for CNN CNN Newsroom With Fredricka Whitfield 20220227 20:37:00

for science and central affairs at harvard s kennedy school. she s also a former u.s. deputy national security adviser. good to see both of you. jason, you first, this nord stream 2 pipeline. is it done for good or just put on hold? the back burner for now? we don t know. it seems very possibly done for good. it was basically completed. it was ready to start operation any day now and required another german certification and the new chancellor said that we wanted to redo that certification to see if this pipeline was still in the national security interest of germany. but given this level of hostility, the kind of aggression and violation, really, of all international norms that russia has taken toward ukraine it would be pretty hard to see the nord stream 2 pipeline starting up any time soon. and there s huge opposition in the rest of europe beyond germany and the u.s. congress. that was a bold move and a

Jason bordovUnited statesCentral affairsNord streamKennedy schoolDeputy national security adviserBack burnerSecurity interestWestern europeUs congress

Transcripts for CNN CNN Newsroom With Fredricka Whitfield 20220227 20:38:00

very costly one, too. so what are the immediate consequences of canceling that pipeline? well, actually, the really important part about this pipeline is to note that, as jason mentioned, it wasn t yet operational. so it wasn t actually delivering any gas to europe at this point. but it was close. the russians and europeans built this pipeline it was very close. very close. so it was expected but the pipeline was really advocated by the russians so that they would be able too circumvent ukraine in the future. they don t want to send their gas to europe through ukraine for the reasons we re seeing playing out right now. they consider it to be a big geopolitical risk. so the fact that pipeline won t be carrying gas to europe any time soon doesn t exponentially throw europe into an immediate energy crisis, which is good, because europe is already in an immediate energy crisis, and if it were, in fact, ceasing the delivery of gas to the european economies right now, it could

Jason bordovWasn tUkrainian military fight russiansEastern ukraineWestern europeCarrying gasPipeline won tEnergy crisis

Transcripts for CNN CNN Newsroom With Fredricka Whitfield 20220227 20:39:00

really provoke some very short-term and immediate economic consequences that, right now, are still hypothetical because russian gas is still flowing. jason, you both wrote in the new york times that getting away from fossil fuels will be bumpy and expensive and also have a big impact on geopolitics. how do you see this going? well, i think we, you know, since the arab oil embargo a half century ago, we ve had some energy crises since then, but a general complacency set in, especially in the last decade. we were in a period of energy abundance. largely affordable energy. and the attention focused importantly and rightly on the urgency of dealing with climate change. but we should remember and we re being reminded every day now that the traditional geopolitics of oil and gas are alive and well. for decades to come, the old geopolitics of oil and gas, maybe they will fade eventually

Jason bordovThe new york timesFossil fuelsArab oil embargoEnergy crisesEnergy abundanceClimate change

Transcripts for CNN CNN Newsroom With Fredricka Whitfield 20220227 20:41:00

wanted to wreak havoc on western economies, it could do so by pulling back on production which would increase the price overnight and that would, of course, fuel inflation in the united states and europe and other parts of the world. of course, this would also upset some of russia s close partners here and namely i m thinking about china. so that s a very real constraint on this strategy. but certainly it s an option that russia has if it really is willing to jeopardize the long-term for the short term. fascinating. a lot at stake. megan o sullivan, jason, thanks to both of you. appreciate it. straight ahead, i ll talk to the last foreign tv reporter in kharkiv as this firefight continues to go on. she and her cameraman are holed up in their hotel in a makeshift shelter with plywood protecting the windows. stay with us. new investors can open an account and geget $50 to split across the top five stocks in the s&p 500®.

Western europeUnited statesFuel inflationDowntown kharkivJason bordovMegano sullivanTv reporter

Transcripts for CNN CNN Newsroom With Fredricka Whitfield 20220227 20:36:15

Transcripts for CNN CNN Newsroom With Fredricka Whitfield 20220227 20:36:15
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Eastern ukraineUnited statesWestern europeNatural gasNord stream 2 pipelineJason bordovMegano sullivanNational security councilClimate changeBelfor center for science