structurally in decline. you've got the rise of renewable energy, the fact that electric vehicles are now 50% of sales in china. so that'll be a fundamental challenge to anybody investing in fossil fuels a fundamental challenge to anybody investing in fossilfuels in a fundamental challenge to anybody investing in fossil fuels in the future. this is an industry which is clearly entering into its endgame. renewables are ultimately growing faster than fossil fuels, and that will mean that clean energy will win. now investors have got to act, we've got to deploy huge amounts of clean energy, we've got to build up the grid notjust in the uk, but all over the world. it's all about electrifying everything. if we can do that, that'll be the death knell of fossil fuels. marcus correct that market tends to direct the way the market goes. there are more clean energy plants in texas, an oil state, then there are in california because it's economically sensible to do it. but we've got a former president, who might be the president again, donald trump saying, "drill, drill, drill." so does market trump politics? i think for people who watch american politics, this country seems of two minds, a split personality. that's exactly right, when it comes to trump and biden, and what could be trump and biden, and what could be trump in the future in terms of energy policy. but yes, the market is guiding this and it can feel sometimes like we are on a highway, where i live, there a tesla every other car. so the market is driving this, and this announcement out of cop28 - it's not this, and this announcement out of cop28 — it's not getting enough attention in the us because the rest of the world is united on this front. , , �* ., ., of the world is united on this front. , �* ., ., ., front. justine, brian talks about slit front. justine, brian talks about split personality _ front. justine, brian talks about split personality and _ front. justine, brian talks about split personality and two - front. justine, brian talks about split personality and two ways l front. justine, brian talks about | split personality and two ways of looking at it, two minds, but we are much the same, aren't we? we've had a conservative government who led from the front at cop26, and we have a prime minister who'd dived in for 12 hours into to buy, his climate minister flew home yesterday for an important vote in the commons. to be to claim it seriously now? i important vote in the commons. to be to claim it seriously now?— to claim it seriously now? i think overall we _ to claim it seriously now? i think overall we do. _ to claim it seriously now? i think overall we do. there _ to claim it seriously now? i think overall we do. there is, - to claim it seriously now? i think overall we do. there is, in - to claim it seriously now? i think overall we do. there is, in spite| to claim it seriously now? i think i overall we do. there is, in spite of the prime minister backing away from the prime minister backing away from the energy— the prime minister backing away from the energy pledges that we've made to gel— the energy pledges that we've made to gel the _ the energy pledges that we've made to get the net zero, i think there is a broad — to get the net zero, i think there is a broad consensus across the country— is a broad consensus across the country actually that we need to play our — country actually that we need to play our role. i think it's often forgotten _ play our role. i think it's often forgotten that back in 2015, paris and the _ forgotten that back in 2015, paris and the climate records, i was part of that— and the climate records, i was part of that delegation, we did a lot of shaping _ of that delegation, we did a lot of shaping to— of that delegation, we did a lot of shaping to help create that initial platform — shaping to help create that initial platform that we've built ever since — platform that we've built ever since so _ platform that we've built ever since. so i think cop28 isn't an important _ since. so i think cop28 isn't an important step forward, i think britain — important step forward, i think britain can do more— but i think part— britain can do more— but i think part of— britain can do more— but i think part of this _ britain can do more— but i think part of this is governments creating the enabling environment for private sector— the enabling environment for private sector investment to drive the change — sector investment to drive the change that consumers around the world _ change that consumers around the world want— change that consumers around the world want to see, and to make sure that that _ world want to see, and to make sure that that investment particularly in renewable energy and energy saving at homes, _ renewable energy and energy saving at homes, that that can happen. john ker was at homes, that that can happen. john kerry was critical _ at homes, that that can happen. john kerry was critical of _ at homes, that that can happen. iimri kerry was critical of the decisions rishi sunak has taken recently, we are a signatory to the transitioning away from fossil fuels but signing new deals to drill for more in the north sea — is at a signal to the rest of the world? i north sea - is at a signal to the rest of the world?— rest of the world? i don't think it is. i rest of the world? i don't think it is- i think _ rest of the world? i don't think it is- i think in _ rest of the world? i don't think it is. i think in many _ rest of the world? i don't think it is. i think in many respects, - rest of the world? i don't think it is. i think in many respects, that plus— is. i think in many respects, that plus the — is. i think in many respects, that plus the seemingly backing off of the transition away from petrol cars to electric— the transition away from petrol cars to electric cars, i think all of these — to electric cars, i think all of these were explicitly designed to move _ these were explicitly designed to move us— these were explicitly designed to move us to our net zero more slowly, the prime _ move us to our net zero more slowly, the prime minister's argument was that soma — the prime minister's argument was that soma ash somehow we had made so much progress in the years already that we _ much progress in the years already that we could almost afford to go slower _ that we could almost afford to go slower in — that we could almost afford to go slower in the immediate future. i don't _ slower in the immediate future. i don't think— slower in the immediate future. i don't think that was the right decision, _ don't think that was the right decision, i do want to see britain step— decision, i do want to see britain step up— decision, i do want to see britain step up its— decision, i do want to see britain step up its action. i think at the election— step up its action. i think at the election next year, whilst climate change _ election next year, whilst climate change may not be top of the agenda, ithink— change may not be top of the agenda, i think he _ change may not be top of the agenda, i think be many voters for whom it will direct— i think be many voters for whom it will direct how they feel about the different— will direct how they feel about the different parties and the different choices— different parties and the different choices they face at the ballot box in the _ choices they face at the ballot box in the 2024 general election here in the uk _ in the 2024 general election here in the uk. �* in the 2024 general election here in the uk. ~ ., ., ., ., the uk. away from the language on fossil fuels. — the uk. away from the language on fossilfuels, brian, _ the uk. away from the language on fossilfuels, brian, obviously - the uk. away from the language on fossil fuels, brian, obviously there| fossilfuels, brian, obviously there is a commitment to tripling renewables by 2030. america is a long way down the path on that with the inflation reduction act, the money is there — where there isn't money is there — where there isn't money is there — where there isn't money is for this loss and damage fund, and the developing countries say that the us is still failing to provide the serious funding to put money in the fund but also help them invest in the transition. where is congress on that? if you were to mention the loss and damage found within congress in a republican—led congress, what sort of reaction would you get?— congress, what sort of reaction would you get? congress, what sort of reaction would ou aet? ., , , ., , ., would you get? probably laughs, to be honest, and _ would you get? probably laughs, to be honest, and i'd _ would you get? probably laughs, to be honest, and i'd democrat - would you get? probably laughs, to be honest, and i'd democrat i - would you get? probably laughs, to be honest, and i'd democrat i hate| be honest, and i'd democrat i hate to say it but it's true. the congress in the us is more divided year after year, and all those incredible climate —related provisions in the inflation reduction act probably made it through congress because it was promoted as domestic legislation to help people in their wallets. 0f help people in their wallets. of course we know there will be years of results with climate progress, but when it comes to the losses, it would be very hard to see further action from congress at the next few years. speaking of cop28, i say to myself, our kids will look back and say, "what took you so long?" especially when those generations have even more access to information, they are able to see what their peers and other countries are going through, they'll ask, "what took you so long?" mr; are going through, they'll ask, "what took you so long?" my kids already asked _ "what took you so long?" my kids already asked me _ "what took you so long?" my kids already asked me to _ "what took you so long?" my kids already asked me to turn - "what took you so long?" my kids already asked me to turn the - "what took you so long?" my kids. already asked me to turn the lights off. it's an important day in the us congress. for months, republicans in washington have been pursuing an impeachment inquiry seeking to tiejoe biden to his son hunter's business dealings. they claim they have unearthed a "culture of corruption" surrounding the president. the house oversight committee has issued a flurry of legal summons, demanding testimony from several members of the president's family. hunter was subpoenaed to appear today, before a closed—door hearing. he did arrived at the capitol by car this morning, but he did not go in. instead, he made a statement on the steps and left. for six years, i've been the target of the unrelenting trump attack machine, shouting, "where's hunter?" well, here's my answer — i am here. let me state as clearly as i can — my father was not financially involved in my business, not as a practising lawyer, not as a board member of burisma, not my partnership with a chinese private businessman, not my investments at home nor abroad, and certainly not as an artist. during my battle with addiction, my parents were there for me. they literally saved my life. they helped me in ways that i will never be able to repay — and of course, they would never expect me to. and in the depths of my addiction, i was extremely irresponsible with my finances. but to suggest that is grounds for an impeachment inquiry is beyond the absurd. it's shameless. house republicans disagree. the chair of the housejudiciary committee, jimjordan, say everyone must comply with a congressional subpoena. mr biden's counsel and the white house have both argued - that the reason he couldn't come i for a deposition was because there wasn't a formal vote - for an impeachment inquiry. well, that'll happen in a few hours. we think it will pass, we think- the house of representatives will go on record with a power that solely resides in the house to say, - "we are in an official impeachment inquiry phase of our oversight." . and when that happens, _ we'll see what their excuse is then. we should point out thatjim jordan himself defied a subpoena from the january 6th committee, and the trump administration set a new precedent refusing subpoenas again and again. let me show you the live pictures from the house floor where they have begun the debate to formally open and official impeachment inquiry. the debate will finish in about 45 minutes, then they will go to the vote, and we expected to pass. legally it would give them greater firepower to enforce subpoenas, depose witnesses and gather evidence. let's go live now to nomia iqbal, on capitol hill. the point to make is that once an impeachment inquiry is open, it's very difficult to shut down.- very difficult to shut down. that's ri . ht, very difficult to shut down. that's riaht, and very difficult to shut down. that's right. and the _ very difficult to shut down. that's right, and the republicans - very difficult to shut down. that's right, and the republicans are i right, and the republicans are saying, as you heard there from the firebrand jim saying, as you heard there from the firebrandjimjordan, saying, as you heard there from the firebrand jim jordan, very loyal to donald trump, that once this impeachment inquiry is official, then people will have to comply with it. it's worth mentioning that this inquiry started in september with then speaker kevin mccarthy saying it was going to happen, which democrats usually criticised, saying there should be a floor vote and what have you. so now the republicans are doing it, and as you heard fromjim republicans are doing it, and as you heard from jim jordan, they believe they have the numbers, a lot of republicans previously were not sure about this inquiry — but many of them are saying the inquiry is happening anyway, many have also gone back home to their constituencies, and people are saying to them in the supermarkets, "what's this about hunter biden?" expressing concern, so they now are saying their constituents care, so they care. so that's why they say they care. so that's why they say they have the numbers to go ahead with this vote which will happen later on this evening, and then that makes the inquiry official. so it confirms the status quo, then the next step, the republicans are saying at some point next year, they will look at if they've got all the evidence to then proceed with whether to move to impeach president biden. �* ., biden. hunter biden said today outside congress _ biden. hunter biden said today outside congress that - biden. hunter biden said today outside congress that his - biden. hunter biden said today| outside congress that his father wasn't financially involved in his business, which republicans have jumped on since then, because they've consistently argued that hunter was influence peddling whilst his father was vice president. is there any convincing evidence for that which links him to his business dealings? that which links him to his business deafinas? , . �* that which links him to his business dealinas? , . �* , ., . dealings? they haven't produced it so far. dealings? they haven't produced it so fan and — dealings? they haven't produced it so far. and it's _ dealings? they haven't produced it so far. and it's interesting, - dealings? they haven't produced it so far. and it's interesting, they i so far. and it's interesting, they picked up on that word because they said previously, hunter biden said "my father wasn't involved," now they're saying he says his father wasn't financially involved, so was he involved in another way? they've picked up on that, but it's important to emphasise they haven't produced the evidence. they say that they need the inquiry to be official, and as he mentioned at the start, this gives them greater legal powers, more power to investigate. and they're saying, "look, we look at all the evidence, we've got lots of evidence, we will then decide on whether or not to move forward with it." on the point of hunter biden speaking this morning, i think it was interesting that it's a risk that he took, because he is now in contempt of congress, and the republicans are deciding to move forward — you mentioned how the democrats used this againstjim jordan, and those that didn't comply with the subpoena to give evidence to the january 6th hearing then went on to face that charge and democrat and the most high—profile one was steve bannon, who was found guilty and fined to four months in jail, something he is currently appealing. so it is a risk that hunter biden took this morning. jim so it is a risk that hunter biden took this morning.— so it is a risk that hunter biden took this morning. jim jordan saying he would open _ took this morning. jim jordan saying he would open proceedings - took this morning. jim jordan saying he would open proceedings for- took this morning. jim jordan saying he would open proceedings for a - he would open proceedings for a breach of a congressional order, so we will see what happens with that. benjy sarlin is washington bureau chief at the political newsletter semafor. good to see you. we think this will go through because since george santos left congress, republicans only have a majority of three, so it's wafer thin. it’s only have a ma'ority of three, so it's wafer thin.— it's wafer thin. it's wafer thin, there's been _ it's wafer thin. it's wafer thin, there's been at _ it's wafer thin. it's wafer thin, there's been at least - it's wafer thin. it's wafer thin, there's been at least one - it's wafer thin. it's wafer thin, - there's been at least one wavering boat that i could vote, ken buck, who is leaving congress and has been critical of many of leadership's decision. you can't say something verve for sure will happen with this congress. there've been lots of votes where republican leaders confidently predicted it would sail through, then when they went to the floor, maybe not so much. but they do seem confident at a minimum this time that they do have enough votes to at least open an impeachment inquiry. whether you can actually get votes to impeach joe inquiry. whether you can actually get votes to impeachjoe biden, especially based on this evidence, which is not especially compelling even to some republicans, that's another question, likely a tougher vote. 50 another question, likely a tougher vote. ,, ., , another question, likely a tougher vote. , ., ., vote. so in terms of where we go from here. _ vote. so in terms of where we go from here, presuming _ vote. so in terms of where we go from here, presuming that - vote. so in terms of where we go from here, presuming that they i vote. so in terms of where we go - from here, presuming that they pass the vote, what then happens in the months ahead? i was saying to nomia iqbal, once you open an impeachment proceeding, they won't well say, "we haven't found anything, let's exonerate joe haven't found anything, let's exoneratejoe biden" in the middle of an election season, are they? so presumably it does come to impeachment. it’s presumably it does come to impeachment.— presumably it does come to impeachment. presumably it does come to imeachment. �* , . ., ., impeachment. it's a little hard to sa , as impeachment. it's a little hard to say. as we _ impeachment. it's a little hard to say, as we mentioned _ impeachment. it's a little hard to say, as we mentioned there's - impeachment. it's a little hard to say, as we mentioned there's is i say, as we mentioned there's is extremely three in margin, there also be some republicans running for reelection and they rely on them in districts where joe reelection and they rely on them in districts wherejoe biden one or they might be competitive in the next election, and they might not be