>> reporter the president said ░░░░░░░░ situation is an embarassment ░░░░░░░░ the world Elizabeth thank ░░░░░░░░ Edward Lawrence We have ░░░░░░░░ Chatterjee and Nick Loris ░░░░░░░░ new year to you ░░░░░░░░ gentlemen thanks for spending ░░░░░░░░ with us tonight First ░░░░░░░░ you Nick the president ░░░░░░░░ what is going on ░░░░░░░░ the house speakership fight ░░░░░░░░ an embarassment What is ░░░░░░░░ embarassment stagflation Kentucky nearly ░░░░░░░░ a dozen major banks ░░░░░░░░ of their boycott of ░░░░░░░░ S energy companies right ░░░░░░░░ the president was visiting ░░░░░░░░ with senator McConnell That ░░░░░░░░ embarrassing There is a ░░░░░░░░ lot to unpack there ░░░░░░░░ Americans are concerned about ░░░░░░░░ spending about higher tax ░░░░░░░░ we ll have to ░░░░░░░░ to pay for this ░░░░░░░░ and federal government assuming ░░░░░░░░ that the private sector ░░░░░░░░ assuming Not every dollar ░░░░░░░░ the infrastructure bill is ░░░░░░░░ by any means There ░░░░░░░░ a lot of good ░░░░░░░░ necessary invests in public ░░░░░░░░ in energy research and ░░░░░░░░ but at the same ░░░░░░░░ if we want to ░░░░░░░░ the money out the ░░░░░░░░ we need meaningful permitting ░░░░░░░░ and that is something ░░░░░░░░ new Congress and Senate ░░░░░░░░ focus on if we ░░░░░░░░ to see a bipartisan ░░░░░░░░ strategy moving forward Elizabeth ░░░░░░░░ where do you come ░░░░░░░░ on this Good to ░░░░░░░░ you good to have ░░░░░░░░ on neil Kentucky state ░░░░░░░░ pull money out of ░░░░░░░░ including pension funds CitiGroup ░░░░░░░░ chase blackrock This is ░░░░░░░░ the president is criticized ░░░░░░░░ his energy policy but ░░░░░░░░ is about blowing out ░░░░░░░░ money on his spending ░░░░░░░░ what do you think ░░░░░░░░ I agree with Nick ░░░░░░░░ every dollar of taxpayer ░░░░░░░░ is wasteful spending I ░░░░░░░░ from Kentucky I crossed ░░░░░░░░ brent spence bridge that ░░░░░░░░ critical infrastructure for our ░░░░░░░░ to keep goods moving ░░░░░░░░ our economy We ve ░░░░░░░░ to find a compliment ░░░░░░░░ that bridge for years ░░░░░░░░ years This was a ░░░░░░░░ deal and an example ░░░░░░░░ a bipartisan compromise When ░░░░░░░░ comes to you know ░░░░░░░░ and state governments and ░░░░░░░░ divesting of certain things ░░░░░░░░ I m a big ░░░░░░░░ in letting the markets ░░░░░░░░ and markets function I ░░░░░░░░ t like it when ░░░░░░░░ bars companies that invest ░░░░░░░░ fossil fuels and I ░░░░░░░░ t like it when ░░░░░░░░ bars companies that divest ░░░░░░░░ fossil fuels I would ░░░░░░░░ have investment houses make ░░░░░░░░ about where they can ░░░░░░░░ money and provide the ░░░░░░░░ return to their shareholders ░░░░░░░░ investors I don t ░░░░░░░░ those investors making decisions ░░░░░░░░ reform society If they ░░░░░░░░ investing in decarbonization which ░░░░░░░░ a huge financial opportunity ░░░░░░░░ a good thing that ░░░░░░░░ make money they ought ░░░░░░░░ do it Elizabeth so ░░░░░░░░ neil just said Nick ░░░░░░░░ the way Kentucky is ░░░░░░░░ fossil fuel producing state ░░░░░░░░ is joining a growing ░░░░░░░░ of states saying no ░░░░░░░░ woke capitalism West Virginia ░░░░░░░░ Florida Texas Utah Louisiana ░░░░░░░░ re all moving to ░░░░░░░░ their money out of ░░░░░░░░ banks that are saying ░░░░░░░░ these esg initiatives This ░░░░░░░░ coming on the same ░░░░░░░░ what the president was ░░░░░░░░ in Kentucky So there ░░░░░░░░ more states saying no ░░░░░░░░ this Nick What do ░░░░░░░░ think Yeah I think ░░░░░░░░ s point was spot ░░░░░░░░ We want more competition ░░░░░░░░ by restricting access to ░░░░░░░░ facilities in banks you ░░░░░░░░ restricting some of that ░░░░░░░░ and I understand a ░░░░░░░░ of states with abundant ░░░░░░░░ if there is hostility ░░░░░░░░ mining those resources to ░░░░░░░░ oil and gas but ░░░░░░░░ the same time if ░░░░░░░░ restrict access to lending ░░░░░░░░ what we ve seen ░░░░░░░░ some of these states ░░░░░░░░ pass these laws is ░░░░░░░░ it actually raises the ░░░░░░░░ rates for these states ░░░░░░░░ that increases the interest ░░░░░░░░ that are paid for ░░░░░░░░ the taxpayers So when ░░░░░░░░ re talking about pensions ░░░░░░░░ teachers and firefighters and ░░░░░░░░ office workers you know ░░░░░░░░ focus needs to be ░░░░░░░░ the return they re ░░░░░░░░ to see so they ░░░░░░░░ retire with a lot ░░░░░░░░ money in their bank ░░░░░░░░ than focusing on these ░░░░░░░░ bills or these anti ░░░░░░░░ bills or some of ░░░░░░░░ esg bills like in ░░░░░░░░ that are doing the ░░░░░░░░ damage Elizabeth neil your ░░░░░░░░ word Look I mean ░░░░░░░░ is right These states ░░░░░░░░ stay out of investments ░░░░░░░░ investors should make decisions ░░░░░░░░ on what is in ░░░░░░░░ best financial interests and ░░░░░░░░ allow you know greater ░░░░░░░░ objectives to come into ░░░░░░░░ If you think investing ░░░░░░░░ decarbonization will provide greater ░░░░░░░░ to your investors do ░░░░░░░░ But don t do ░░░░░░░░ because you re trying ░░░░░░░░ reshape society.