Juno News - May 23, 2022


The WEF's climate agenda in their own words

Hosted by
Andrew Lawton
Mentioned
Klaus Schwab Guten Tag
Climate protesters say WEF meeting is a “corporate Disneyland” Patrick Brown uses far-left tactics to attack Pierre Poilievre

Episode Stats


Length

5 minutes

Words per minute

174.1

Word count

917

Sentence count

45

Harmful content

Hate speech

1

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

The World Economic Forum's annual meeting in Davos, the first in over two years, is taking place in the Swiss city-state of Davos. Davos is a gathering of the world's most powerful people, leaders from all walks of life, and business leaders, gathered to discuss the big picture issues they want to solve, like climate change. In the panel discussions this morning, there was a remarkable amount of candor about just what it is they wanted to do to transition away from reliance on fossil fuels.

Transcript

Transcript generated with Whisper (turbo).
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.000 Guten Tag from Davos, Switzerland, where the World Economic Forum's annual meeting,
00:00:04.580 the first in over two years in person, is taking place.
00:00:08.700 Officially it started yesterday, but most of that was just VIP arrival.
00:00:12.440 You saw them in their private jets coming in limos.
00:00:15.240 Today is when the programming started, and they did not waste time
00:00:19.200 getting into the big picture issues they want to solve, like climate change.
00:00:23.080 In the panel discussions this morning, there was a remarkable amount of candor
00:00:26.580 about just what it is they want to do to transition away from reliance on fossil fuels
00:00:31.280 and, as a result, transition away from the jobs that depend on the fossil fuel industry, on oil and gas.
00:00:38.000 One individual who was on a panel, a CEO of a Norwegian financial institution,
00:00:43.080 admitted and didn't actually have a problem with the fact that there would be, in her words,
00:00:47.120 pain from the process.
00:00:48.980 We need to accept that there will be some pain in the process.
00:00:53.880 The pace that we need will open up for missteps.
00:00:59.800 It will open up for shortages of energy.
00:01:03.080 It will create inflationary pressures, and maybe we need to start talking about that,
00:01:07.040 that that pain is actually worth it.
00:01:09.440 Because if we don't, there's no business case, there's no economy, there's no welfare.
00:01:14.800 But so far I think we have been a little bit careful actually talking about the pain in the short term
00:01:20.380 that is likely to come from this very important change.
00:01:24.660 And as you heard, no denying there was going to be pain from inflationary pressures,
00:01:28.740 from energy shortages, other economic challenges.
00:01:31.880 She was speaking specifically, just to contextualize that clip,
00:01:35.180 about small and medium businesses who she admitted moments earlier
00:01:38.300 were much less suited to deal with this challenge.
00:01:41.300 But she said, don't worry, all that pain is worth it.
00:01:44.980 All that pain is worth it.
00:01:46.080 It's all good.
00:01:46.680 We're all going to benefit in the long run.
00:01:48.080 So what's the problem?
00:01:49.680 And there's a big disconnect here between the elites in politics and business
00:01:53.400 who are running these discussions,
00:01:55.300 and those who are affected by the policies when they're put into effect.
00:01:59.340 But fear not, we're in good hands.
00:02:00.980 As Klaus Schwab said, the chairman of the World Economic Forum this morning,
00:02:04.360 all of the people in the room at Davos are the ones who can actually get together
00:02:08.140 and change the future, as long as they work together.
00:02:11.620 Let's also be clear.
00:02:14.640 The future is not just happening.
00:02:16.400 The future is built by us, by a powerful community, as you here in this room.
00:02:25.080 We have the means to improve the states of the world.
00:02:30.060 But two conditions are necessary.
00:02:32.780 The first one is that we act all as stakeholders of larger communities,
00:02:42.160 that we serve not only our self-interests, but we serve the community.
00:02:48.820 That's what we call stakeholder responsibility.
00:02:52.100 And second, that we collaborate.
00:02:54.600 And this is the reason why you find many opportunities here during the meeting
00:03:00.880 to engage into very action and impact-oriented initiatives
00:03:07.700 to make progress related to specific issues on the global agenda.
00:03:14.260 And when I speak about the candor that a lot of these discussions have been approached with
00:03:18.280 from the members of these panels,
00:03:20.620 I'd be remiss to not point out this mention from the Vice-Chancellor of Germany,
00:03:24.860 who talked about how we might even need to change the fundamental rules of the markets
00:03:29.300 to put all of these changes in effect.
00:03:31.580 And he said countries shouldn't actually look out for their own interests first and foremost,
00:03:35.080 but should look out for the global interest and the global market.
00:03:38.400 First of all, I would say that we have to stick to global markets.
00:03:44.980 If we are now, and this is a tendency I feel everywhere in the world,
00:03:48.360 also in my country as well, also in Europe,
00:03:50.680 if we are now saying, okay, first of all,
00:03:53.900 Germany and other countries are caring for themselves, 0.58
00:03:56.680 then we will increase the crisis.
00:04:00.040 If we are only caring for our own food supply or energy supply,
00:04:04.700 it must have a disastrous effect on the prices, on the markets.
00:04:08.840 So first of all, we have to keep the markets open.
00:04:11.740 Second, we have to see that we have to solve one problem,
00:04:16.760 not on the back of another one.
00:04:18.780 So if we are now increasing the production of fossil fuels
00:04:22.220 and coal power plants all over the place,
00:04:25.800 there's a draw to India, you mentioned it,
00:04:28.160 we will definitely have more problems in the next years to come.
00:04:33.160 Now, one of the reasons I came to Davos was to demystify
00:04:35.800 a lot of what's dismissed as conspiracy theory.
00:04:38.340 Now, make no mistake, there are a lot of conspiracy theories
00:04:40.600 about the World Economic Forum, about Klaus Schwab.
00:04:43.120 I'm focused on what they're saying in their own words
00:04:45.480 about the agenda, their word, not mine,
00:04:47.900 that they want to use around the world
00:04:49.800 and in the countries that are supportive of this agenda.
00:04:52.960 One of the speakers on the program this week
00:04:55.700 is Francois-Philippe Champagne,
00:04:57.180 Canada's Innovation and Industry Minister,
00:04:59.000 who will be speaking about the jobs of tomorrow,
00:05:01.220 again, transitioning away from the jobs
00:05:03.880 that Canada and Canadians rely on
00:05:06.100 in the oil and gas sector.
00:05:07.660 It's hidden plain as day right here for all to see,
00:05:10.680 and we're only on day one.
00:05:12.180 From Davos at the World Economic Forum Annual Meeting
00:05:14.540 for True North, I'm Andrew Lawton.