Matthew Dalton

Overseas, China has been flooding global markets with these products as well.

So developing countries all around the world have really been turning to solar and batteries in particular as, in some cases, the least costly choice for installing power generation.

It's sort of a double-edged sword for the West because they haven't been able to compete in many of these technologies.

And so the entire world is relying on China for a lot of this stuff.

Global emissions are still rising.

China's emissions are plateauing maybe, maybe starting to fall.

It's unclear.

But emissions in some other countries are still rising.

So most people think 1.5 degrees is out of reach without some insane economic catastrophe striking the globe.

Under two degrees, even that is going to be tough.

But the emergence of China, the new market dynamics of clean energy does make this at least under two degrees possible.

Thanks a lot, Alex.

Well, they have shifted away from a strategy of investing in a broad suite of different energy technologies, from renewables such as wind and solar. They've really pivoted sharply towards just oil and gas, towards really getting out of the green energy business space. They've said that they're going to direct most of their capital expenditure towards the traditional fossil fuels industries.

Well, they have shifted away from a strategy of investing in a broad suite of different energy technologies, from renewables such as wind and solar. They've really pivoted sharply towards just oil and gas, towards really getting out of the green energy business space. They've said that they're going to direct most of their capital expenditure towards the traditional fossil fuels industries.

And they're doing this because Wall Street investors really haven't rewarded them for having this less focused approach that they're now pursuing. They say there are other companies that are going to be investing in green energy, but that's not going to be our focus.

And they're doing this because Wall Street investors really haven't rewarded them for having this less focused approach that they're now pursuing. They say there are other companies that are going to be investing in green energy, but that's not going to be our focus.

They're going to be shifting a lot of their capital expenditure to spending on those things in the U.S. The U.S. as a whole represents about 60% of BP's overall business. So it's a logical place for them to be investing.

They're going to be shifting a lot of their capital expenditure to spending on those things in the U.S. The U.S. as a whole represents about 60% of BP's overall business. So it's a logical place for them to be investing.

The CEO told me that they're going to be boosting production both onshore and in the Gulf of America, as he called it, taking President Trump's preferred term for the Gulf of Mexico. He said that the company was very much aligned with President Trump's call to drill baby drill and really boost oil and gas production. Of course, they're facing right now an environment in which companies

The CEO told me that they're going to be boosting production both onshore and in the Gulf of America, as he called it, taking President Trump's preferred term for the Gulf of Mexico. He said that the company was very much aligned with President Trump's call to drill baby drill and really boost oil and gas production. Of course, they're facing right now an environment in which companies