Taxes the right to levy taxes and the obligation to pay them both in the parent, the sovereignty of nation states and their citizens. But what happens when the power of taxation is undermined . Ah, you wont pay check sanction. Oh, so its up to 21st. On the w. Ah. Ah, the u. S. State of missouri polls money from state pension funds, managed by investment, joined black rock. The reason that to avoid backing at quote, woke political agenda will of our financial correspondent whats going on over the coming of turkey and russia agreed to establish a golf hub on the black sea. But will the move have any impact on the Energy Crisis . And why Chimney Sweep in the United Kingdom are seeing a 3rd in demand for their services. This is the w business. Im kate ferguson. Thanks for joining me. The u. S. State of missouri has followed louisiana by pulling hundreds of millions of dollars of pension funds, managed by investment company, black rock. The state treasurers say the company is prioritizing environmental, social and governance issues over shareholder returns. A strategy they say is part of a woke political agenda. Ironically, environmentalists say black rock isnt doing enough to divest from fossil fuels, black rock, c o, a larry flynt defended his companys investment strategy, saying he knows hes doing something vice, when hes being close, attacked equally by the left and by the rice. Thats close to dw financial correspond, correspondent teddy, also in new york. Teddy, this just seems a little bizarre. Can you explain to me what this accusation awoken us actually referred to in the context . Certainly pretty bizarre, given that woke. Well, its original meeting coming from African American vernacular, just means awareness or consciousness of social and Racial Justice issues. But in recent years weve been conservative republicans use it to derive anything that has a width of progressive change. Now in this case, we are seeing a number of elected officials and otherwise use it to derive Financial Institutions such as black rock, other businesses that limit investment in any way to the oil and gas industry that includes offering products of s g environmental social governance standards. And of course, theres an irony here, given that black rock is heavily invested in fossil fuel industries, there certainly is a little bit of an irony there. And there is a lot of Movement Towards more values driven investment, teddy. But this intervention by state, this seems new and different. Where did you see this trend going . Its certainly become a trend and i would say that were going to see more of it perhaps on other issues. We saw louisiana make a similar move earlier this month, pull out 800000000. 00. And weve also seen a number of states republican elected officials enact laws or proposed laws in florida, texas, west virginia, oklahoma to limit or punish, or band companies, Financial Services and businesses that seek to limit any investment or lending or what have you on the oil. And gas industry, and of course, black rock is getting a beating from the left as well for being invested in oil and gas in the 1st place. So black rock will have to decide which side theyre going to follow. Fascinating stuff through new york. Thank you very much. Now to some of the other Global Business stories making news. Shareholders of Spirit Airlines have voted to accept a 3800000000. 00 bio from jet blue. The deal which could still face a challenge from federal anti trust regulators would make jet blue, the 5th Largest Airline in the us german cards i and b, m w is planning to invest 1700000000 dollars in the production of electric vehicles in the us the funds will be used to expand its factory in South Carolina and to build a new plan for battery, Assembly Romania and other by john have signed an agreement to invest in a liquefied natural gas facility on the black sea. The romanian Prime Minister said the project would lay a foundation for a 2nd mode of Energy Transport to europe and would help the continent achieve energy security. Turkish president , rash of type r to one says his country has inked an agreement with russia to establish a natural gas pub in turkey. The scheme would enable more russian gas to reach europe through the turk stream gas pipeline. Running under the black sea. The plant, apparently in the worked for years, was a noticed at a time when russian gas applies to germany via the nor to 3 pipeline on the baltic. Sea have been told that turkish and Russian Energy authorities are reportedly planning to establish a golf Distribution Center with a probable location of turkey border with greece and bulgaria. To unpack lot, all of this means lets talk to our correspondent in turkey. Dorian jones, dorian, what exactly is this plan . Golf hub . What would even happen there . Well theres a big mystery about theres no one really knows quite what the details warranty details are and, and on crow also appears to be in the dark. They were quite surprised by this announcement by russia old turning turkey into it got up, and its still unclear what and how these guys help the proposal actually work. Although alexi miller, the head of gas from the russian got provided last week speaking, march in state tv. This keeps them fleshed to the power and proposal whereby apparel pipeline movie built next to took stream, which is the main provider of brushing gas for turkey. And he said that with double the capacity of the delivery guy to turkey from 30 to 60000000000 cubic meters a year. Now that is quite, that is only a 3rd of what the 2 stream pipeline that was supplying europe was supplying. But its still a substantial amount and if it was to occur, well, those a big project is one of the deepest water pipelines in the world. It would still make turkey a considerably bigger supply of gas to the region. But this one would essentially say russian goth reaching your via the black sea instead of the baltic sea note europe at the same time was trying to win itself all Russian Energy. What difference with this new route make . Well, that has to be, please be question a lot of people are asking, given the fact that this proposed new pipeline, that would be bill would take at least a year, possibly even longer. And that at a time when europe is desperate effort to reduce its dependency and to bring an end to Russian Energy supply to, to europe. And by the time this pipeline would come on stream, who would be actually buying this rushing gas remains very clear. And i think that is adding to a lot of skepticism about what this project is and if it is really viable economically, or even a realistic. And dorian place, if you can, this isnt economic decision for president of hybrid one. Is this . Yes, well it is seen as an important economic decision one, although it does come across plan. So if he had to invite mind that turkey would provide the will turn to supply of gas to europe for possibly iran and iraq and other other countries in the region as your fertile turn it supply from russia. So this scheme does it seem to undermine that, but the same time one needs to work with russia. Hes looking for a reduced cup price deal of gas, full turkey this winter and also deferment of payments. So i got to pull off the next election, which is seen as crucial in terms of avoiding a possible balance of payments crisis. So theres one in many ways is dependent on food and in many ways. And that is why he seems to be going along with this project toward jones, and its all thank you so much. And finally, netflix as attempt to win back customers appears to be working fine, largely to a new ad supported option. The streaming platform fined up nearly 2500000 new subscribers in the 3rd quarter. Thats almost twice as much of investors had predicted. The news lead to a 14 percent jump in its share price pressures finance minister, jeremy hans as further i was wearing cuts will be needed to shore up his country, the finances. His comments come after he reversed the majority of the measures Prime Minister and his trust announced in her recent many budgets, against the backdrop of the cost of living crisis is perhaps no surprise then that many brits are turning to cheaper and more traditional ways to heat their homes ah, jack parrot balances on the roof that had been bridge. Hes never been as busy as he is right now. His task is to prepare the old chimneys for everyone who plans to start using them again. The lid here is to keep birds from nesting inside the chimney. Nearly every customer is saying theyre going to use this. Ah, its because in this case, stoves and fireplaces will be helping warm homes. Again, since the beginning of the month, Energy Prices in the u. K. Have been kept. Still heating with gas is 3 times as expensive as it was last year. I joe, i saw last. Good. See you always. This is why sarah k had her oven refurbished by jack recently. Shes already been relying on it. So today jack came to clean it the put me to run 2 hours a day and cut the wood, but you know, for the date and the heat rises, and its kept the house which one self cut my fieldstone. For sarah, the effect is noticeable. Her heating costs have stayed almost the same. Thats a success in itself. She now pays mainly for electricity and hot water would, however, can sometimes be free. Free would. Because if you count cold in that, then youd have to talk. But how, which up, you know, you, you pay for coal, but shell just look in and getting with from nature from the woods from the ground. Hes free burning all that would is not good for the environment, but the need to save money seems more prominent than climate awareness for some people right now. The desperation in the u. K is growing even with the price cap. The bills are hefty demonstrations like this recent one in london have been seen in every major city. Even though britons dont typically tend to protest. Yeah, im reluctant to put my heating on. Im not a very high wage. Im and a lot of people, my family friends, theyre very worried that they wont be able to pay their bills. Weve been badly paying bills as it is. And now that we have to consider putting on our heating and ive done that actively. Ive changed, ive stopped choosing the boiler where i can for now sarah will continue to collect wood with her son. After its been sufficiently dried, it will be one less thing. She and her family have to worry about this winter. And that brought up our show for more you can always log on to g, w dot com slash business, or check us out on facebook. Were also on the deed of the news you to tunnel from me and the team. Its to buy a ticket with enter the conflict so which sarah kelly moscow has stepped up a pre Winter Campaign to strike civilian infrastructure in ukraine using missiles than drones of my guess this week on conflict zone from the berlin Foreign Policy for him and nato secretary general yes, chilton bar. How far can natal members increase support for ukraine . Go to help feed, repel clintons invasion conflict with w 4. She was married to 9000. The little girl, archaeologists found in a jordanian stone age village. They cooled her jemila. The mystery of stone age father calling into question, much of what we thought we knew about the neolithic period in 45 minutes on d w. Oh mm hm. Ah listen carefully. Dont know how with a magic discover the world around you. Subscribe to d w documentary on youtube. Moscow has set up a pre Winter Campaign to strike civilian infrastructure in ukraine using missiles and drones, as nato members promised to send thieves more air defense systems. My guess this week on complet zone from the berlin Foreign Policy for him is nato secretary general. Yes, stilton burg. How far can ne