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10:00In every single category, California has exceeded its environmental goals earlier than established time.
10:132.2 million electric vehicles right now. 201,000 public electric charging point.
10:21Significantly more than there are public gas nozzles in this state.
10:26Heat pumps, batteries, 17,000 megawatts of installed batteries, second only to China
10:34in our home state, up 21% since 2019 when we were at 770 megawatts.
10:42They didn't think that could be done.
10:45So in every category, we are excelling, including running this economy on roughly two-thirds clean energy,
10:55100% for 26 days in a row, part of the day, 26 days in a row as of this
11:02morning.
11:03So we're moving.
11:06The rest of the world's moving.
11:08The question is, are we going to get cold feet because we're going to fall prey to the cynicism
11:13and the black heart of big coal, big oil, big gas that want us to further our dependence
11:22on things that are totally out of our control that are now ubiquitous on our television and
11:31on our devices, playing out in this theater of the absurd globally with now inflation starting
11:40to go back up, your gas prices through the roof, the economy, not just slowing down, in retreat,
11:4992,000 jobs last month, across the spec.
11:54Now asking for $200 billion supplemental, which could provide seven years of subsidies under Obamacare.
12:00All of a sudden, now they have the money, $200 billion supplemental connected to what issue?
12:12What's the whole Straits of Hormuth about?
12:14What is it fundamentally about?
12:15What's the issue there?
12:17The issue is oil.
12:22So I'm confident California can continue to accelerate its transition.
12:28And as you know, we recycle the investments that we're making back to consumers, $60 billion in rebates
12:37between now and 2045, $56 billion to be exact, for offsetting the costs and burdens for utility bills.
12:47That's part of the cap and invest program.
12:51Those dollars are all invested back into the community to address the anxieties and the dislocation
12:58that people feel as it relates to this transition.
13:23So I think that's really important to know how to make sure things are needed.
13:25So I agree to add that as a result of this transition from the Brookings you know,
13:25So it could be, that's kind of a massive change of strategy and how to make sure things are needed.
13:25And if that's going through, what we have in terms of picking up technology now?
13:35So, let me tell you, we have to make sure things that might be valid.
13:44.
14:14.
14:49.
14:51And just to reinforce, just generally, because I think it's an incredibly important point.
14:56Climate risk is financial risk.
14:58It's becoming uninsurable.
15:00And Californians understand this.
15:02And there's cause and effect.
15:03You're seeing this not just in California, you see it all throughout the United States,
15:06particularly these Gulf states, that simply cannot afford the cost of insurance.
15:10Insurance companies leaving the market, not just here in California, but across the country
15:15because of hurricanes, because of these weather related disasters.
15:20I think there was 27 of them last year for a billion dollar cost each.
15:25We're paying the price and we're going to pay a higher price because what this does is it supercharges
15:32the likelihood of even more climate induced disasters in the medium and long term.
15:39Last question.
15:42Is there anything your administration is going to spend a short term to provide for
15:46that?
15:49.
15:49.
15:49.
15:50.
15:50.
15:50.
15:52.
15:52.
16:05Yeah, we could continue to call out the President of the United States recklessness.
16:09The President of the United States unilaterally today could stand down, admit his mistake,
16:15show some maturity, show a spine.
16:17This war is creeping into different theaters.
16:20You've got 2,200, 31st Division out there heading into the Middle East right now.
16:25Prospects of boots on the ground, at least in some of the islands off the coast of Iran,
16:29is becoming increasingly likely.
16:31You just hit a $39 trillion debt ceiling.
16:34It's the largest in U.S. history.
16:36I just gave you the economic numbers, the inflationary impacts.
16:38You saw what just happened to the natural gas facilities overseas, not just the oil facilities.
16:43What happened in Qatar?
16:44You saw the leaders in Qatar talk about $200 barrel gas, not just $150 barrel gas.
16:50That's the issue right now.
16:51That's the impediment.
16:54The issue we can control by continuing to call this out and continuing to be aggressive.
16:58As it relates to the gas tax, I'll direct you to some interesting reporting of what was
17:04done last time this was attempted in another state, particularly in Florida, where none
17:08of it was passed on.
17:09It was pocketed by big oil.
17:10So none of these things.
17:12I appreciate sound bites.
17:13I appreciate people trying to get a bite of the electorate.
17:18But a lot of these things, the consequences, unintended consequences are self-evident to
17:25anyone that's been an expert in this.
17:27We're getting nothing in return for Trump's gas tax.
17:30Not a penny in return.
17:32That's just being pocketed by big oil.
17:34And you're paying the price.
17:36With the gas tax in California, you get better roads.
17:38You get better bridges.
17:39You get jobs in your community.
17:40You get infrastructure investment.
17:42It's in stark contrast.
17:44So Donald Trump is the driver of these spikes in the cost of gas and oil.
17:53Not only here in California, across the United States.
17:56That's universally obvious.
17:58And it needs to be absorbed and accepted.
18:00It would be nice if the Republican Party would call out the leader of their party and call
18:06him to account and tell him to stand down and take some responsibility for the unintended
18:12consequences he's unleashed on the global economy, not just the people here in the state.
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