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First Move with Julia Chatterley
World Leaders are Told it is a Minute to Midnight on Climate Change; President Xi Sends a Written Statement as the U.S. Wants Beijing to do More; Barclays' Jes Staley Quits after an Investigation into Jeffrey Epstein Ties. Aired 9-10a ET
Aired November 01, 2021 - 09:00 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
JOHN BERMAN, CNN ANCHOR: Ten years later, he is playing for the team. Imagine what a thrill that must have been for him.
BRIANNA KEILAR, CNN ANCHOR: It must have been. Going back home.
BERMAN: All right, a lot going on with the President in Scotland for a key Climate Summit. CNN's coverage continues right now.
[09:00:13]
JULIA CHATTERLEY, CNN BUSINESS ANCHOR, FIRST MOVE: Live from New York, I'm Julia Chatterley. This is FIRST MOVE and here's your need-to-know.
Good COP, Bad COP. World leaders are told it is a minute to midnight on climate change.
China COPs out. President Xi sends a written statement as the U.S. wants Beijing to do more.
And Barclays' boss bows out. Jes Staley quits after an investigation into Jeffrey Epstein ties.
It's Monday. Let's make a move.
A warm once again to FIRST MOVE this Monday and as I said, the whole theme today is whether we see good cop or bad cop, or somewhere in between. Post
G20, of course, we were left with copious calls for action, and not much else. Let's hope for concrete commitments from Glasgow's COP 26 opening
ceremonies begin. We'll take you there shortly for the latest/
Later in the show, too, our exclusive interview with the Oscar winning actor Matt Damon. He is the co-founder of water.org, a nonprofit that
provides micro loans in poorer nations to help families get access to clean water and sanitation. That task will only get harder as climate change
accelerates, as Matt will explain later on in the show, and will emphasize, too when he heads to Glasgow.
Before that, we'll hear from the talented Mr. Damon, a look at the global markets where stocks are born to run. Wall Street adding to record gains
and we begin the traditionally strong November and December period for financial markets. A positive tone in Europe, too, ahead of a major global
news week. The Fed could announce the timing of tapering asset purchases as soon as Wednesday. We have a new monthly U.S. jobs report due on Friday as
well.
And meanwhile COVID restrictions, credit tightening, energy shortages, and supply chain issues -- you name it -- all still weighing on Chinese growth
factory activity. They are contracting in fact for the second straight month.
A different story though over in Japan, the Nikkei soaring on new stimulus hopes, no copout allowed there after the ruling party held on to power in
parliamentary elections. A busy Monday, let's get right to the drivers.
It's one minute to midnight in the race to prevent a global catastrophe, that warning from the British Prime Minister and COP 26 host as the climate
negotiations begin. Let's just recap the mission here.
Governments agreed in 2015, it was a crucial step to cap global warming at one and a half degrees Celsius since pre-industrial times. But since then,
we haven't figured out how to do that. Current pledges still leave the world on track for a 2.7 degree of warming by 2100 bringing with it
cataclysmic flooding, drought, and habitat destruction. So this Summit needs solid commitments fast to bridge that gap.
Max Foster joins us now. Max, the big question is, do we get those solid commitments coming out of the back of these talks?
MAX FOSTER, CNN LONDON CORRESPONDENT: I have to say there is some pessimism actually, Julia. If you imagine, there are nearly 200 countries
represented here, 120 world leaders roughly. They've got to reach some sort of agreement, and they are not talking about creating a new treaty here,
they are really just tightening up what was agreed in Paris all those years ago. And effectively, you've got each country coming up with a pledge
towards these targets.
And at the moment, we're looking at 2.7 degrees as you're saying, and that could wipe out coral reefs. Huge amount of concern about that, trying to
get it down to 1.5 degrees is extremely difficult. And so far, the progress just isn't there. They've only got a couple of days to get there.
So what you've got are these very powerful speeches, opening the world leaders' part of the Summit here. We just heard from Antonio Guterres,
talking about us digging our own graves here in the world. You're going to hear Prince Charles talking about us needing to be on a warlike footing,
and also you've got Boris Johnson who is hosting the event, also using very strong words.
So what they're saying here is, you know, the promises were made back in Paris, but now is the time for action. And as you say, Julia, it is whether
or not we get that action over the next couple of days and there is some pessimism, it has to be said, but at least there will be some progress, we
hope.
CHATTERLEY: And at least a lot of discussion, too, which we look forward to and he tweeted, didn't he, Antonio Guterres, the U.N. Secretary General,
"I leave Rome (of course, the G20) with my hopes unfulfilled, but at least they're not buried" for now. Max, great to have you with us. Thank you for
that.
The big question too is, is COP a flop without China? President Xi will not be attending the climate talks in person, but it's due to deliver a written
address to the Summit today.
[09:05:01]
CHATTERLEY: Earlier the U.S. called China a quote, "significant outlier" in the global push to keep the rising global temperatures below one and a
half degrees Celsius.
David Culver joins me now. David, great to have you with us. As we were discussing on Friday, President Xi, of course, not left China since early
2020, so his presence, not expected. The question is, if he's not there, ultimately to join the debate, and you haven't got the biggest polluters in
the world there, does it make a critical difference to tackling this going forward? It feels like it does.
DAVID CULVER, CNN CORRESPONDENT: And you're right. They're a huge factor in all of this and they know that. I mean, they themselves are the biggest
polluter in the world. But they also look at the other countries that have been developing far longer than the People's Republic of China. And they
say, look, you've been doing it for 150 years, we've been doing it for the past 30 years. We're working on things.
Now as to if anything of really substance can come out of this without the physical presence of President Xi Jinping being in the midst of these in-
person meetings, I think you can see some substance coming out of it. In fact, I think we start to see some of these very lofty goals put forward
and you're looking at a country that's got more than 1.4 billion people, for them to try to mobilize in this direction is going to take a lot.
We already saw some of the pains and struggles they felt just a few weeks ago when they tried to rein in some of the emissions. And they realized,
no, we've got massive power outages as a result. People stuck in elevators, traffic lights going out, folks panicking as winter's cold started to move
in.
So what did they do? Well, they said domestically, we need to step up the production of coal and the mining of it, and they did just that.
More than 60 percent, Julia, of this country is powered by coal. They have these goals set forward within the next decade, so that they're trying to
by 2030 have reached their peak emissions by 2060. They're hoping to be carbon neutral, they're also looking at renewables, and that's a big part
of this. Because one thing is, you look at the rest of the world compared to China, and sure, China ranks quite high when it comes to how much
pollution they're putting out into the air. But they're also the number one investor, manufacturer, and developer of these renewables -- wind and solar
power -- and you start to see that play out.
And they are certainly proud of it because they're promoting it even say, for the upcoming Beijing 2022 Olympics, where they're saying, look, these
are going to be the first Olympic Games where the venues are going to be powered 100 percent by green energy. Still, though, they realize that
there's a lot more to do.
And so if this written statement is going to come forward, with a few more details, that will in of itself be surprising. What we have seen, even
experts have echoed this to me, is that you don't often see China come forward with these huge promises so much as sometimes under promising, and
then over delivering. That of course, would be the hope, I mean, for the sake of the entire planet, but it remains to be seen just what they're
going to come forward with in the next few days as this conference moves forward. The hope is it will be something of substance.
And they believe that this is perhaps the one place, Julia, I mean, we've seen so many issues with China and the West that they can actually find
cooperation, particularly with the United States.
CHATTERLEY: Yes, and you raise so many good points there, David, just stay with me for two seconds, because I do believe that Prince Charles is now
speaking, of course opening, the COP 26 talks today, expected to say we need to be on a warlike footing to your point with regards our efforts, be
it investment, via our focus on tackling climate change, and you can see him there talking live and we'll continue to focus on what he is saying.
But David, to your point, and actually to Prince Charles and this idea that we need to be on a warlike footing, 2060 does not feel ambitious enough for
China. And as you said, perhaps the hope here is particularly given the amount of investment and their focus on renewable energies and the fear, I
think, the social fear of pollution and people pushing back and we've seen it, I've certainly experienced it in some of the biggest cities in
particular, perhaps the effort here will be greater. We will see it before 2060. But at least for now, on paper, they don't look ambitious enough
given the level of pollution that we see from the country and also relative to what other big nations are doing.
CULVER: And we've seen progress on that smog point that you're referencing, certainly in Beijing. I mean, even you know, two and a half
years ago, you noticed it much more than you're seeing it today. Cities like Shanghai, the same situation. But there is also another element to all
of this, Julia, and that is the necessity from a National Security point to really secure their energy sources, to make sure that it is as much
domestically produced as possible, so, they don't have the reliance on other countries, for example, Australia when it comes to the coal.
And so that's why you see them stepping up with different alternatives here. But there is the reality that coal is going to keep them powered for
many years to come, decades perhaps. If they get off of it anytime soon, that from a National Security perspective, from a climate perspective
altogether, a global perspective is going to be all the better for really all of us.
CHATTERLEY: Yes, David Culver, as always, fantastic to have you on the show. Thank you so much for that.
CULVER: Thanks, Julia.
[09:10:00]
CHATTERLEY: We're going to move on breaking news now from Barclays. CEO Jes Staley stepping down after six years at the helm of the bank. Staley,
the latest corporate figure forced to resign in the aftermath of the Jeffrey Epstein sexual abuse scandal. Anna Stewart joins us on this story.
Anna, what more do we know about the investigation and his decision to step down?
ANNA STEWART, CNN REPORTER: So we know that this investigation was launched last year. We knew then from Barclays, and it regards the
characterization of his relationship with Jeffrey Epstein and how he told Barclays Bank about it, and then what Barclays told the regulators, the
F.C.A. and the P.R.A.
Now, was it fully -- was it properly disclosed? That's really what is in focus here in this investigation. And this, of course, predates his time at
Barclays. This is when he worked with JPMorgan. He was heading up the private bank and Epstein was a client.
Now, on Friday night, Barclays Bank, the Board received the preliminary conclusions from the regulators in terms of this investigation. And what's
so interesting, I think, from their statement, what's really clear here is they're both surprised, but also very supportive of the outgoing CEO. They
say they are disappointed by the outcome.
They say Staley has performed his role as a CEO of commitment and skill over the last six years. They also say there is no finding here that
Stanley saw or was aware of any of Epstein's alleged crimes, but he wants to contest the conclusions and therefore the Board in here decided that he
must step down.
Now, when we discovered about the investigation last year in February, he was asked in an earnings call about this relationship, and I can bring you
what he said back then. He said, "Obviously, I thought I knew him well, and I didn't. And for sure, with hindsight, what we all know now, I deeply
regret having had any relationship with Jeffrey Epstein."
It's not the first run Staley has had with British financial regulators. He was fined $870,000.00 regarding a whistleblower investigation that he tried
to identify whistleblowers that he apologized for, of course, this is a very different investigation and we just don't know what these preliminary
conclusions are.
We've asked for comment, no comment at this stage from the F.C.A. or the P.R.A. as the investigation is ongoing.
As of today, since he stepped down, the former head of Global Markets, C.S. Venkatakrishnan, known as Venkat, he is taking over as CEO subject to
regulatory approval, and they will be paying out Staley's salary for 12 months because that is the notice that Barclays needed to give him, as well
of course as a salary for a new CEO -- Julia.
CHATTERLEY: Yes. Anna Stewart, thank you for bringing us that update there.
Okay, Elon Musk says he is willing to donate $6 billion to the World Food Programme, if it can explain how the money would solve the problem of world
hunger. The Tesla CEO was responding to a CNN interview with the head of the WFP, David Beasley, who said the money was urgently needed to save
millions on the brink of starvation.
(BEGIN VIDEO CLIP)
DAVID BEASLEY, EXECUTIVE DIRECTOR, WORLD FOOD PROGRAMME: That the billionaires need to step up now on a one time basis, $6 billion to help 42
million people that are literally going to die if we don't reach them. It's not complicated.
And this is what's heartbreaking. I'm not asking them to do this every day, every week, every year. We have a one-time crisis, a perfect storm of
conflict, climate change, and COVID. It's a one-time phenomenon.
(END VIDEO CLIP)
CHATTERLEY: Christine Romans joins us on this story. Christine, I think we should be clear here. Elon was responding to the original headline on CNN,
which said that two percent of Elon's wealth could solve world hunger, but he actually said, help solve world hunger.
So, it's a technical point, but I do think it's a very important point and doesn't take away from I think the message that David was trying to
present.
CHRISTINE ROMANS, CNN BUSINESS CHIEF BUSINESS CORRESPONDENT: I think you're right, he said, look, $6 billion could save 42 million lives, and
that was the point he was making there. And someone retweeted that CNN or tweeted that CNN story and headline, and Elon Musk responded to that.
He said: "If WFP can describe on this Twitter thread, exactly how $6 billion will solve world hunger, I will sell Tesla stock right now and do
it." And then he went on to say, he would need open source accounting so the public sees precisely how the money is spent.
So, it's sure I'll spend $6 billion, if -- there's a big if there and a caveat.
Look, let's talk about the WFP. It won the Nobel Prize last year, right, for its work done in the pandemic, helping people with food and hunger
during the pandemic. So, it won the 2020 Nobel Prize and David Beasley has made that call before of the nations of the world's richest people saying,
you know, a one-time you know, big dose of money from them, it would be less than two percent of Elon Musk's net worth.
I mean, he made, on paper $9.3 billion on Friday alone, right, when Tesla stock was doing so well last week. So his point is that the rich can afford
to reach out and help. Elon Musk saying, sure, I'll sell Tesla stock, but let me see the details.
CHATTERLEY: Yes, something tells me he's not going to get the details on this, but I'm glad that we're having the discussion that we're raising
awareness of the millions of people that are struggling to eat and not taking away from the charitable giving that many of these big billionaires
do give. It's a lot of money.
[09:15:14]
ROMANS: I mean, you look at Afghanistan. Half -- I mean, half the people in Afghanistan are at risk of falling into hunger right now, you know,
starvation. Like this is a global moment here, I think is David Beasley's point here. And you know, the five or six richest people in the world have
a net worth that rivals the size of the G20 economies, all of them. I mean, think of that. It's just remarkable.
CHATTERLEY: Remarkable. I'm glad we're having the discussion. Christine Romans in New York. Thank you very much for that.
ROMANS: You're welcome.
CHATTERLEY: Okay, let me bring you up to speed now with some of the other stories making headlines around the world.
Police in Tokyo have arrested a 24-year-old man suspected of attacking passengers on a train. Local media reports he was brandishing a knife and
started a fire in the carriage. Authorities say 17 people were injured in Sunday's attack. At least one person was stabbed and is in critical
condition.
British Transport Police say a number of people were hurt late Sunday when two trains collided in Salisbury, England. The incident happened at the
Fisherton Tunnel. One passenger said she believes the train she was on slipped off the rails and hit another train sitting stationary in the
tunnel.
Shanghai Disneyland has been closed for the next two days after someone with a confirmed case of COVID-19 visited the park. Tens of thousands of
people were obliged to undergo coronavirus testing on Sunday night before they were allowed to leave the resort. Visitors are now required to self-
isolate.
Still to come here on FIRST MOVE, Matt Damon on a mission. An exclusive interview with the actor about how clean water can help save lives.
And on the front lines of climate change, reports from Senegal where floods are destroying homes and livelihoods.
Still coming up. Stay with us.
(COMMERCIAL BREAK)
[09:19:39]
CHATTERLEY: Welcome back to FIRST MOVE. Four hundred and sixty six million hours. That's the amount of time spent every single day predominantly by
women and children walking to find water or a safe place to relieve themselves. It's something the Oscar-winning actor Matt Damon decided years
ago to try and help change when he cofounded water.org.
He joined me along with water.org CEO Gary White and longtime corporate partner, AB InBev CEO Michel Doukeris in an exclusive interview.
Matt used to travel to far-flung places with his mother as a child. And I began by asking what he would have said, if back then someone would have
told him by 2021, he would have helped 38 million people access safe water. Here's what he said.
[09:20:29]
(BEGIN VIDEOTAPE)
MATT DAMON, COFOUNDER, WATER.ORG: I'd say, I hope you're telling me the truth, I hope. And then, I'd probably say, is that it, you know, because
there is a lot more to do, obviously. But things have gone as well for us at water.org as we could have hoped where this is what we dreamed about
when we partnered back in 2009, and what we talked about, and so that part is really exciting, and sharing the story with people about, as you say,
it's about, you know, the poorest people in the world, predominantly women really, really taking control of their own lives.
And all we do is kind of nudge the market toward them and allow them to do the rest and solve their own problems. And so that's a really wonderful
story to tell, because it's about these heroic women, kind of one by one doing this over and over and repaying these loans at over 99 percent.
CHATTERLEY: I mean, this is part of it, Gary. Water.org is a story of self-determination. It's about tackling gender inequality, as Matt said, 90
percent of predominantly women here are borrowing money, they're helping themselves get access to clean water and it's a huge problem. I'm not sure
people that are watching this understand the scale of the issue that we're talking about here.
GARY WHITE, CEO AND COFOUNDER, WATER.ORG: Yes, it is huge scale. I mean, more than 700 million people lack access to safe water and more than double
that don't have access to improved sanitation. What that means is when you think about, you know, every day. Every day, when we wake up, we get water
somewhere, right? And we go and turn the tap.
But everybody in the world when they woke up to they had to get water somewhere. And women spent 200 million hours today just walking to get
water, spending time waiting in line for water. So you can imagine what that can do to their families and to their productivity.
And so what we really helped do by getting access to these small affordable loans, so that people can get a water connection in their home, is to help
them buy their time back. And I think that's what's really key with the whole relationship with Stella Artois in doing what we're doing thus far.
CHATTERLEY: We will come to this. I think, we in the west, you've said it, we get up in the morning, we get a drink of water and it is -- we don't
consider it a luxury, it's something normal to us. It's a basic human right, quite frankly.
And you mentioned a statistic there that I want to repeat, in total, actually, it's 466 million hours a day that are spent predominantly by
women walking to go and find water, trying to find a safe place to relieve themselves.
And actually, if you can provide them with the ability to get access to water safely for themselves, you free up a mind-blowing amount of time.
DAMON: That's exactly right. And, and it's women and girls as well. So, so the effect on girls is that it goes from their life is revolving around
trying to get water to suddenly the water is available, so they are better in school.
And so -- and obviously, the outcome is a lot different for their life if they are educated, and they suddenly have the chance to dream and they can
dream about, you know, you know, a life ahead of them the way we all get to do growing up because this need has been met and so ...
CHATTERLEY: And the benefits to the communities, too.
DAMON: That's exactly right.
CHATTERLEY: And educate women and you can pull this together.
I watched an interview that you did there with a small child and actually what you asked her, and I will vividly remember it, I think for the rest of
my life. You said, what are you going to do with the time and she said, I'm just going to play.
DAMON: That was really -- it was -- she was 13 and my oldest was 13 at the time. And so we were in Haiti, this is 10 or so years ago and I asked her
what she was going to do and it was just, you know, she -- I said, oh, you're going to have more time for homework now, you know, kind of joking
with her. But she looked at me and she had that -- she had such great kind of attitude. She goes, I don't need more time for homework. I'm the
smartest kid in my class.
And she said it in that way where you're like, oh, you are the smartest kid in your class. And I was like, all right, well, hotshot, what are you going
to do with all this extra time? And she looked at me totally earnestly, and she said, I'm going to play.
And I mean, it buckled me, not in front of her. But you know, that's what every kid should be thinking about.
CHATTERLEY: You walk away and cry after that moment, but you're also doing good, which is great. And Michel come in because you're part of this. And
actually, we've sort of said it. It's the gift of giving time and that's at the core of your latest ad campaign. And I know this has been a years' long
partnership already, but explain what this holiday promo means.
MICHEL DOUKERIS, CEO, AB INBEV: A great partnership for us is the right thing to do first.
CHATTERLEY: Right.
[09:25:02]
DOUKERIS: We believe that's the right thing to do. For us, our business is very local. It's all about the communities where we are operating, where we
source our products, and where our consumers are. And when we saw water.org, how good this was, we thought that Stella could come and help.
So for seven years now, we are partners. It is always a very special part of our year in our planning to come together and think about how can we get
this better? We've been, in this seven years helping more than three million people now. In this year, we have this give the gift of time
campaign, that's a special Holidays campaign, where you can buy Stella Artois or buy a Stellar Artois chalice, and help us in supporting
water.org.
CHATTERLEY: And it's not the only thing you're going to do as well. I believe, there is going to be water tanks in New York City with the QR code
and you can -- modern technology -- you can use the QR code to get more access, too.
DOUKERIS: Yes. We thought that would be very important to raise the awareness and to bring people closer to the reality that we are talking
about here. So, we will have QRs in New York. This huge opportunity for people to visit this water tank, where they will see a woman carrying the
water. They will be able to see the difference between having water available for you here, as we all have, and what the women around the world
need to do to get water for the family.
CHATTERLEY: It is seriously important from a business perspective, I don't think we should be separating care for the planet, in whatever form it is
from profits. You know, my mother says to my father, you need to drink more water, and he says it's the best excuse he gets on a daily basis to drink
beer, quite frankly and the girls in the family all roll their eyes. But he has a great point because without water, you didn't have a business.
So there's business in this, there's also giving back and those two things should be intrinsically entwined.
DOUKERIS: That's perfect. We always say that no water, no beer. It is one of the four ingredients that you have in beer. Beer is very natural. So no
barley, no beer. So we need the water to grow the barley. And no water, no hops, no beer. So we really need to call the attention for how important it
is to protect water and the water sources that we have, why we need to support people in the local communities.
This is very close to who we are and this is why we went to them.
CHATTERLEY: Matt, business intrinsic to the relationship that you're building to the money that you're raising to the communities that you're
accessing your building.
DAMON: Well, you can see why we love them as partners and why it's been so great for all of us for all these years. And they've really accelerated the
work that we're doing. And with these different kind of -- I mean, this year with this water tank, it's so cool. It's like all these ways that
they're helping us spread this word.
Again, because it's a story, we really need to get out there because we believe in people. The more people hear this, the more that they want to
become involved with it and help. People love stories that are about positive change, about real impact. And so that's what we're trying to make
sure people understand, and this this Holiday commercial this year, this idea that they came up with, which was so great for us, it's -- you know,
give the gift of time. Right? It's the best thing.
It is what we're all thinking about in the Holidays, certainly coming out of COVID where we all reassessed our, you know, it's this time with our
families, time with our loved ones. Some of us were split up from our loved ones and grandparents were split up from grandchildren. And so this idea
that you know, giving that gift of time together is the most beautiful thing you can give somebody and it's as easy as giving some Stella to
somebody, right? Or one of these beautiful chalices, right?
So right, so or your dad, you know. I know your dad getting -- your dad drinking his water, you know. Your dad --
CHATTERLEY: Just water.
(END VIDEOTAPE)
CHATTERLEY: He's going to kill me for that. Don't go anywhere. After the break, more from our exclusive interview on why climate change and the
water crisis are inextricably linked.
Stay with us.
(COMMERCIAL BREAK)
[09:32:16]
CHATTERLEY: Welcome back to FIRST MOVE and the COP 26 Climate Summit is now well underway over in Glasgow. Moments ago, we heard from noted
naturalist Sir David Attenborough, who laid out what is at stake saying, quote, "We are already in trouble."
Even punchier, the U.N. Secretary General warned humanity is quote, "Digging its own grave."
Coming up very soon, yes, President Joe Biden is expected to speak and we will bring you that live the moment it begins. There are live pictures of
him there, as you can see on your screen.
Now as the calls for action there grow louder, I asked water.org CEO, Gary White to explain why we cannot separate the water crisis they're trying to
tackle from the broader efforts to address climate change.
(BEGIN VIDEOTAPE)
WHITE: Even if someone has access to water right now, in one of these, you know, urban slums or poor rural areas, it can be very tenuous, right, in
terms of like what's happening with the weather there and with their water source is.
So with climate, it is going to impact those who are the most vulnerable first. It's going to make it harder for those who don't have water to get
access to water, and those who do will maybe backslide. And that's why, you know, I'll be at COP, and we'll be carrying the message of water.
We'll be partnering on a session with Stella Artois there to highlight water and why climate is water. As we see, you know, in California, it's
too little water. You know, in other places, it is floods and tsunamis. And that's the thing. We have to look at this as a water crisis and a climate
crisis woven together, and we have to look at it from the perspective of the poorest among us and make sure that we're not just trying to, you know,
capture more carbon, but we're also looking at resilience and adaptation.
CHATTERLEY: And when we often use the phrase climate change, I'm not sure we actually understand the impact of the change. We're talking a lot about
the mitigation efforts, but the change that we're seeing in our planet and our environment is crucial. And even just the statistics today, one in nine
people lack access to safe water, 55 percent of people don't have access to safe sanitation, 55 percent of the world, and that's only going to get
worse.
DAMON: Well, that's the thing. You know, we're very happy with this over three million people we've reached through this partnership with the 38
million people that we've reached, but we don't want to see that go backwards. Right? We want to we want to build on that.
And, and that's what -- you know, we know that the poorest of the poor will feel the effects of this first and worst. We know that will happen. So we
have to, you know, work together to mitigate that.
CHATTERLEY: You know what is fascinating to me as well, for all the discussion particularly that we're having here in the United States on
infrastructure spending and understand when you look, the data is relatively limited, but it's less than two percent of all the money that is
invested goes to water related infrastructure. Why is that?
[09:35:12]
CHATTERLEY: Is it because we, in the West, where we're investing the money, we don't see the problem, because as we've discussed, you have
access to it. It's not about lack of care, it is understanding,
DAMON: You know, we were talking earlier, you know, eight trillion gallons of water a year are lost because of, you know, leaky pipes or became -- it
is really interesting, think about the cost, the carbon cost of delivering that water, right? You know, getting it, treating it, and moving it, and
then suddenly, you just lose it, right? That's an absolute waste.
CHATTERLEY: Give me that stat again?
DAMON: Eight trillion gallons of water.
CHATTERLEY: Eight trillion --
DAMON: Right? So that you could solve the problem.
CHATTERLEY: You could solve the problem.
DAMON: Twice over just showing that, which is a big thing to do. But that you need to be thinking that way, in terms of attacking this problem,
CHATTERLEY: I don't hear this being discussed enough.
WHITE: That's why we want to bring it to the fore, you know, when we're in Glasgow, because it is. That eight trillion represents 25 percent of all
the water that is sourced and treated. And so, it's one thing to have a carbon footprint when you derive some economic value out of it. You know,
you drive to work in your car and you make money and you strive for your family.
But when you have a carbon footprint that completely has no economic value that leaks out unaccounted for. That's kind of some of the low hanging
fruit, I think, that we can be looking at and boost that infrastructure investment from two percent of infrastructure up higher, because this has
been overlooked for decades, if not centuries.
DAMON: And I think it's going back to your original point, I think it is that -- that we just -- it's so hard for us to relate to it. Right? Because
we've never -- none of us in the West have you ever been thirsty? We don't know anybody who has. We're all always within 20 feet of a clean drink of
water, you know, in your kitchen sink, in your bathroom.
The water in your toilet is cleaner than most people have access to, the people that we're talking about. So it's trying to get people over that
hurdle and trying to carry that message.
CHATTERLEY: Water is a source of life. It's also what you're talking about there as a source of sustainable growth, sustainable growth, and we talk
about that a lot. Now, you're really getting to project based ways of tackling this.
What more do you need, guys? How can we help if businesses are watching this conversation? If consumers are watching this conversation? People are
going to buy Stella Artois glasses?
DAMON: Just drink more beer.
CHATTERLEY: There you are. Well, that's already the heart of the conversation.
DOUKERIS: Give the gift of time.
CHATTERLEY: Give the gift of time, we shall. What more? What more can we do?
WHITE: Well, I think you know, the example that you've said, Michel, with really leaning into this at every level, right? And if more corporations
were able to do that, you know, their leading voice on the water resilience coalition that we've helped put together, focusing on sustainability,
focusing on those individuals seeing their needs.
And I think if every corporation was doing what Stella was doing, I think we could have the problem solved. And I think that's the key message for
you know, public and private partnerships to come together with organizations like ours, because these are huge problems.
I mean, this is going to take more than a trillion dollars to solve the water and sanitation crisis. And it really is an all hands on deck. It's
businesses, it's organizations like water.org, its government. It is, you know, financial institutions all coming together to do this. This is like -
- it should be an embarrassment for us as a planet, as a people, that you know, so many of us still don't even have access to this first commodity
and that's water.
CHATTERLEY: And to your point, a trillion dollars is a drop in the ocean for all the money and the wealth creation that we've seen even over the
last decade.
WHITE: Absolutely.
CHATTERLEY: Let's be clear, there is the money there for this. You know, when you ask people for money, and you ask for the support, at the core of
that needs to be trust, that they know that the money that they're giving is going to the right places, that the women that borrow this money or
utilizing it, are allowed to utilize it in the way that they should and that these projects get finished. How do you promise and ensure people that
are watching this that what is required gets done?
WHITE: I think, what makes this really deliver and what the promise is, is the promise of the women that we're trying to help, right? They are the
ones who want to improve their lives. They see the value of water. And that's why you know, they know that there's not going to be enough charity
in the world to help everyone. So they step up and they say, I know I want this water connection, or I want this water storage tank and I want it so
badly. I'm going to take out this loan to go do that.
So this is like a demand driven approach. And so we know, we verify. We can see those loans and go to the field and verify them that those improvements
actually took place. We can verify that the loans are actually repaid so that that money is available for the next woman to get access to the loan.
And to me that's what is most powerful. This isn't a charity, you know solutions like we come and drill your well and walk away and say good luck.
It is like, what do you want? And how do we empower you to have your own agency to get the water solution that you need.
And that is what we see, you know, now, more than -- you know, almost 40 million times over.
[09:40:20]
DAMON: And the self-determination, as you said earlier, but the other piece, just add on to that, because that really is at the heart of what we
do and believe. As you do that, and as these loans keep getting paid back and recirculate, you're driving down the cost, the philanthropic cost per
person reached.
So in the traditional wealth system that costs say $25.00 to get somebody clean water for life, you're getting somebody safe water for life for, you
know, under five under and dropping. It just keeps dropping as these loans keep going out.
So, it's not only a virtuous thing you're doing, it's the smart way to do it.
CHATTERLEY: Yes, there is nothing charitable about this.
DAMON: No.
CHATTERLEY: And therein lies the key.
DOUKERIS: Seeing the results of this work to me, what strikes me the most is the idea that we have the choice to help, they have no choice. And once
we give the choice for them to have the water, they will pay back. They are proud of paying back because they are helping others. So, we have the
choice to help.
CHATTERLEY: The ultimate empowerment. Guys, thank you.
(END VIDEOTAPE)
CHATTERLEY: And you can be part of helping solve the global water crisis. Visit water.org/donate. I'm showing you the page there.
Up next, far from the COP 26 negotiations in Glasgow, Senegalese fishermen fight for their future on the absolute frontlines of the climate crisis. We
will explain, next.
(COMMERCIAL BREAK)
CHATTERLEY: Welcome back to FIRST MOVE. Even as the world leaders debate solutions to address global warming at COP 26 in Glasgow, the climate
crisis is wreaking havoc on coastal communities all around the world.
Rising sea levels triggering menacing storm surges and threatening livelihoods and homes in the so-called Venice of Africa. Fred Pleitgen
joins us now from Senegal. Fred, great to have you with us as always.
The issue of water access has been an issue for Senegal and regional nations, let's be clear, for many years. Just explain what you're seeing
there and what the communities are suffering?
FREDERIK PLEITGEN, CNN SENIOR INTERNATIONAL CORRESPONDENT: Well look, Julia, a lot of the dire projections that we're hearing from some of those
leaders at COP 26 especially as the Summit has opened today, a lot of those dire projections have already come true here in Western Africa, and
specifically in this town of Saint Louis, where I am right now.
[09:45:18]
PLEITGEN: You can see behind me, there are actually some fishermen who are attending to their nets right now. But you can also probably see that the
houses that they are standing in front of are ruins, are absolutely destroyed, and that's because the sea level here in Saint Louis has been
rising for a very long time. It's a very low lying area, and that's led to a lot of storm surges here, which is literally destroying a lot of these
historic buildings on the frontlines, and of course, also destroying the livelihoods and the homes of the people who are living inside them.
Now you have a lot of people actually, who are still living inside those houses, even as they're being destroyed, even as they know the next storm
surge could rip them away. But there's also thousands of others who have already been displaced especially from the fishing community here. Let's
have a look.
(BEGIN VIDEOTAPE)
PLEITGEN (voice over): The fishermen's lives have always been tough here in Saint Louis in Northern Senegal, fighting for survival on the harsh
Atlantic Ocean.
Now because of climate change, the sea that has always provided for their livelihood is destroying their existence.
Cheikh Sarr and his family live in what's left of their house, half destroyed by a storm surge knowing full well the rest of the building could
be washed away anytime.
"We don't have anywhere to go," he says. "If we had the means we would move. Where we are living, it is not safe. We are powerless."
Because of its geography, Saint Louis is known as the Venice of Africa, a UNESCO World Heritage site, once the capital of Senegal, now facing
attrition due to the global climate emergency as erosion takes its toll on the historic buildings and the people dwelling in them.
PLEITGEN (on camera); Fishing is a profession that spans generations here in Saint Louis, but thousands of fishermen and their families have already
been displaced by global warming, as rising sea levels have destroyed many houses here on the coastline.
PLEITGEN (voice over): There is nothing left of where fishermen Abdulaih Toure house once stood. He says many who lost their homes have become
climate refugees.
"There are a lot of young people who have already fled to Spain because they are homeless," he says. "They have lost their jobs, many of them are
going."
Others have had to move to this tent camp miles away from the ocean, living in poverty with little hope for improvement.
Rising sea levels are a threat to coastal areas around the world, already causing an increase in severe flash flooding and storm surges like in the
New York and New Jersey area after Hurricane Ida in September. The world needs to act fast or risk having to completely abandon some coastal regions
in the future, especially in the U.S. says climate scientist, Anders Levermann.
ANDERS LEVERMANN, POTSDAM INSTITUTE FOR CLIMATE IMPACT RESEARCH: The entire East Coast of the U.S., because of changes in the ocean currents.
Sea level is rising twice as fast at the East Coast of the U.S. than globally.
PLEITGEN (voice over): What is a dangerous projection for the world is already grim reality here in Senegal where the ocean that has defined the
lives in this community for so long is now drifting them into an uncertain future.
(END VIDEOTAPE)
PLEITGEN (on camera): And that future really is uncertain, Julia. It's really unclear whether or not this town is going to remain viable for
people to live in here in the long run.
I just want to take you and walk around real quick so you can see really the scale of the problem here. As you can see, all of the buildings here on
the coastline have already been destroyed with still people living inside them. But you can also see behind me over there that there are a lot of
fishing boats. And that just shows how many people have already been affected here by rising sea levels caused by global warming.
The numbers that we got from the government here is that around 3,000 fishermen and their families have already been displaced, but also there
are a lot who obviously have become climate refugees who try to make their way to Europe.
And from what we are hearing on the ground here, there is no official number is that many of those who attempt that dangerous journey, don't make
it and die on the way -- Julia.
CHATTERLEY: Yes, what did Boris Johnson say? We are one minute from midnight, certainly for these people. We are there, we've been there for a
long while.
Fred Pleitgen, thank you so much for bringing us the story from there in Senegal.
Okay, we're going to take a break here on FIRST MOVE, but when we come back, we'll take a trip to the World Travel Market Expo where climate
change is an unavoidable topic for debate.
Stay with us. We're back after this.
(COMMERCIAL BREAK)
[09:51:49]
CHATTERLEY: Welcome back to FIRST MOVE. U.S. stocks are hitting fresh records on the first trading day of November, a critical week ahead with
the Federal Reserve meeting, a U.S. jobs payrolls report, and lots more Q3 earnings on tap, too, and possibly, she says an agreement in Washington on
fiscal stimulus, I repeat, we'll see it when we believe it -- believe it when we see it.
The S&P 500 coming off its best monthly gains of the year. Tech stocks were October's best performance even as heavy hitters like Amazon and Apple
warned of sales pressure ahead.
Now, a mere 129-hour walk or a 38-hour bike ride from Glasgow, no planes allowed today is London where the global travel industry is convening for
the Annual World Travel Market, and that is where we find our Richard Quest.
Richard, great to have you on the show. I jest, but I kind of mean it. Obviously, we want to be talking about recovery for the travel industry,
but sustainable recovery, particularly in light of the discussions going on in Glasgow, another point entirely.
RICHARD QUEST, CNN BUSINESS ANCHOR, QUEST MEANS BUSINESS: Oh, absolutely. And they'll admit that here. The recovery, let's get the COVID business out
of the way quickly.
The recovery is happening where those markets are open faster than had been predicted. And most of the countries here are looking forward to a bumper
2022 and preparing for that. But they are aware, Julia, that the existential crisis is that as it relates to climate change.
For instance, the Maldives Tourism Minister reminded me his country will be underwater if they don't sort something out. In the Gulf, they've pointed
out, they have a sustainability center because if they don't manage to deal with it, then of course -- and also Julia, people, tourists, visitors are
demanding that these places operate in a more sustainable fashion.
The difficulty, as you'll appreciate is how do you come out of a structural crisis like COVID, and then deal with the existential crisis like climate
change?
CHATTERLEY: It's such a great point, AND we spoke to the head of the I.E.A. recently, and he said 70 percent of the investment required for the
transition and improving and being more focused on renewable energies has to come from emerging markets at a time, as you've quite rightly point out,
where they're struggling to recover from COVID.
Interesting that you spoke to the Maldives as well. What did they say about the fact that in many respects are at the mercy of bigger nations, the
United States, China, India to make the changes required in order to protect the environment. There is not that much they can do individually.
QUEST: Look, I've spoken to numerous ministers from different parts of the world. I'm about to speak to the Egyptian Minister. They all say the same
thing. We know we've got to do it.
Now, some will say where's the money going to come to do it? Others will say, it's a relationship of ingenuity, innovation, and technology. Nobody
really wants to grasp the nettle that ultimately the trillions that Prince Charles talked about over the weekend at the G20, the trillions of dollars
have to come from somewhere.
And at the moment, this is an industry that is recovering, that is simply trying to get people to have confidence to go back on the road, and then
they will deal with it.
[09:55:11]
QUEST: My guess is, they will deal with it when they have to.
CHATTERLEY: Yes, so Prince Charles's warlike footing, the travel industry has already been on warlike footing for recovery through COVID-19.
QUEST: Yes, absolutely. Absolutely.
CHATTERLEY: Yes. Crisis after crisis. Richard, great to have you with us. We look forward to seeing what comes of the World Market. Thank you for
that.
Now, for more on the World Travel Market, tune in to "Quest Means Business" 3:00 p.m. Eastern, 7:00 p.m., London.
Now, the COP 26 Climate Meeting got underway a short time ago in Glasgow. For the next two weeks, world leaders are working to solve the problem of
global warming. So far, we've heard how urgent the crisis is and how important it is for leaders to come together and reduce greenhouse gasses.
U.S. President Joe Biden is expected to speak soon, and we will bring you that and all of the headlines from the upcoming meeting throughout
programming today here on CNN.
For now, that's it for the show. Stay safe.
"Connect the World" with Becky Anderson is next, and we'll see you tomorrow.
(COMMERCIAL BREAK)
[10:00:00]
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