even though the president was face-to-face with the fed chair today, he says he s still staying hands off. my plan is simple, respect the fed, respect its independence which i will continue to do. even though biden wanted interest rates raised is not an economic cure without its own side effects. put jerome powell in a box. they have to raise interest rates. when they raise interest rates, it makes it harder to buy a home, usually make the stock market go down as we ve seen. and that will affect people s 401(k)s. jerome powell doesn t have a lot of options. republicans say the best option to get inflation under control is to get government spending under control. the white house today is not second guessing any past spending. do you think that any part of inflagrants this year is because of president biden s spending plan or is it all putin s fault? brian just spoke to this. we re at a historic place when it comes to the economy. now we re going to a place where i
And is thought to contain 500 Million Barrels of oil, which makes it the uks largest untapped oil field. The plan has faced widespread criticism. Last month, 50 mps and peers from all major parties raised concerns the oilfield could produce 200 Million Tonnes of carbon dioxide. So, the oil and gas that we get out of rosebank, it will be mostly oil because that is mostly what is left in the north sea. That wont be owned by the British Public or the government, it will be owned by the company that gets it out of the ground, the oil and Gas Companies, and they will simply sell it to the highest bidder. So there is no guarantee that that oil and gas will end up in the uk, so theres no guarantee that it will help to lower our bills. Therefore, there is going to be a lot of people cold and poorer this winter, wondering why we are having tax rates and subsidies out to oil and Gas Companies when they cant afford the gas bills. To the us now, where regulators are suing amazon, claiming the tech
to save the planet. and taking the battle for a cleaner climate into outer space. can the final frontier help us breathe easier down here on earth? wherever you rejoining me from around the world. once again, a big hello and a warm welcome to the show. you know, the climate emergency, it s not new. but as global leaders gather for this year s united nations climate change conference or known as cop 28, it s in dubai. we wanted to see how business and innovators are tackling the climate emergency. so we ve sent our crews and reporters around the world to find the cutting edge technology that could literally save the planet. we begin on a set of islands off the far north of scotland where theo leggett is exploring under the sea. bleak but beautiful. this is the pentland firth, the channel that runs between the north coast of scotland and the orkney islands. it s an area well known for vicious winds and ripping tides and that makes it the perfect location for developing new form
that runs between the north coast of scotland and the oakney islands. it s an area well known for vicious winds and ripping tides. and that makes it the perfect location for developing new forms of clean energy. this narrow strip of water experiences tremendous title forces every single day, in fact they are some of the fastest tides in the world, and that means that there a tremendous reserve of energy if you can tap into it. and that s what s going on just over there, off the island of stroma. beneath the surface, are for gigantic turbines are four gigantic turbines which are generating electricity, right here. the power generated in the murky waters of the first by the power generated in the murky waters of the firth by these vast turbines is already being sold to the national grid. the past five years has been spent testing the technology, and the company behind them says it s ready for a major expansion. so fraser, tell me what we ve got here. we have a 150 tonne, 1.5 mw
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