Greg Jackson

Now, you may have had that in Little Bits, for example.

By the way, it's not just the oil industry.

You know, the electricity industry and utilities, in many countries, they're owned by or managed by governments, or the monopolies are handled by governments.

And even when you've got a private competitive system, a lot of them grew out of government.

So they've got these 100-year relationships with governments, and governments run the rules.

Like, you know, the rules of a grid are typically set by a government.

which means the core strength of most energy companies is lobbying.

Right.

Which means when change comes along, when it works for them, by the way, they lobby very hard for it.

Where it's not in the interest of the existing solutions or providers, they lobby very, very hard against it.

And so, you know, I actually salute governments for the strength they've shown in kind of pushing this through.

But we're now on that second half of the road.

And the faster we get across the rest of the road,

the safer we're going to be.

Because at the moment, you kind of try to ride two horses at once.

And that's really never very effective.

20 years ago, 5% of global clean energy patents were Chinese.

Today is 75%.

Slowing down the mutual electric vehicles to protect incumbent industries through tariffs or through regulation is literally guaranteeing you're missing the train for the most important technology transformation of our time other than AI.

So it is mad to condemn our companies, our industries, and I say that for many Western countries, to condemn them to essentially irrelevance.