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<v Speaker 1>Thank you for listening to Pictures Media Radio Welcome to

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<v Speaker 1>Policy and rights show US welcomer policy that human joys.

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<v Speaker 2>Last night, you drones from Russia violated Polish airspace. Our

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<v Speaker 2>air defenses were activated and successfully ensured the defense of

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<v Speaker 2>NATO territory as they are designed to do. Several allies

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<v Speaker 2>were involved alongside Poland. This included Polish F sixteen's, Dutch

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<v Speaker 2>F thirty five's Italian AOX, NATO Miltonal Tanker Transport, and

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<v Speaker 2>German Patriots. I command, the pilots and all who contributed

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<v Speaker 2>to this quick and skillful response. The North Atlantic Council

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<v Speaker 2>met this morning and discussed the situation in light of

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<v Speaker 2>Poland's requests for consultations under Article four of the Washington Treaty.

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<v Speaker 2>Allies expressed solidarity with Poland and denounced Russia's reckless behavior.

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<v Speaker 2>A full assessment of the incident is ongoing. What's clear

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<v Speaker 2>is that relation last night is not an isolated incident.

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<v Speaker 2>The Supreme ADOT Commander will continue to actively manage our

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<v Speaker 2>deterrence and defense posture along the entire Eastern flank. Allies

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<v Speaker 2>are resolved to defend every inch of Allied territory. We

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<v Speaker 2>will closely monitor the situation along our eastern flank, our

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<v Speaker 2>air defenses continually at the ready. This only reinforces the

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<v Speaker 2>importance of NATO and the path to which Allies agreeted

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<v Speaker 2>our summit in the Hague earlier this year. We need

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<v Speaker 2>to invest more in our defense, ramp up defense production

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<v Speaker 2>so we have what we need to deter and defense,

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<v Speaker 2>and we need to continue to support Ukraine, whose security

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<v Speaker 2>is interlinked with our own. A Lepic conclude by saying

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<v Speaker 2>that Russia is raising a dangerous war of aggression against

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<v Speaker 2>Ukraine that continually target civilians and civilian infrastructure. Allies I

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<v Speaker 2>determined to step up their support for Ukraine in the

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<v Speaker 2>face of Russia's escalating campaign.

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<v Speaker 1>Welcome back to policy and right here in Depictions Media Radio,

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<v Speaker 1>I'm your host, Michael Kloggs. So you just heard a

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<v Speaker 1>brief statement from Mark rad the Secretary General for NATO,

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<v Speaker 1>the North American North Atlantic Treaty Organization, after several Russian

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<v Speaker 1>drones crossed into Polish air space. Mind you, I'm going

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<v Speaker 1>to toss in the illegal crossing of Russian drones into

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<v Speaker 1>Polish air space this was an active aggression or not,

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<v Speaker 1>it did activate defense mechanisms which were designed for such

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<v Speaker 1>a thing to allow NATO forces to take action against attacks.

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<v Speaker 1>And while it did do all those things, the question

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<v Speaker 1>is why did those drones cross into Polish airspace to

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<v Speaker 1>begin with? There are no clear cut answers about that.

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<v Speaker 1>But you did just hear that statement from Mark Rutt

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<v Speaker 1>about that, and we will actually have a full press

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<v Speaker 1>conference from European NATO leaders about what has happened with

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<v Speaker 1>the drones Russia, Poland and NATO. There was a tragic

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<v Speaker 1>death in the United States. Charlie Kirk. Charlie Kirk was

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<v Speaker 1>a very very conservative, very radically conservative. Some would even

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<v Speaker 1>say that Charlie Kirk was racist, going by the rhetoric

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<v Speaker 1>that he produced, the content that he produced, and some

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<v Speaker 1>of the things that he actually said about minority people

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<v Speaker 1>in the United States, such as that they haven't earned

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<v Speaker 1>their right to certain things, and that black people are

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<v Speaker 1>too busy looking for handouts in order to move forward

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<v Speaker 1>with their lives, and that they are not deserving of

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<v Speaker 1>any type of government bailouts or anything like that. The

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<v Speaker 1>thing of it is is no matter if you think

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<v Speaker 1>that Charlie Kirk was a racist, white supremacist, or any

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<v Speaker 1>of those things, or rather you wholeheartedly agreed with everything

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<v Speaker 1>that Charlie Kirk had to say. The point, the bottom

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<v Speaker 1>line point is is that Charlie Kirk was shot and

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<v Speaker 1>killed by another person for whatever the reasons are, and

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<v Speaker 1>that person now needs to be brought to justice and

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<v Speaker 1>answer for the crime that they have committed, because what

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<v Speaker 1>they have literally done at this point is whatever Charlie

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<v Speaker 1>Kirk had to say has they have now turned him

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<v Speaker 1>into a martyr for the cause of racism. That we

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<v Speaker 1>can no longer debate Charlie Kirk as a person. We

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<v Speaker 1>can only debate Charlie Kirk by his writings and his

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<v Speaker 1>content that he has left behind. And that's not exactly

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<v Speaker 1>a good thing that we should be able to debate

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<v Speaker 1>Charlie Kirk. And from my point of view, my personal

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<v Speaker 1>point of view, this is me speaking as Michael Cloggs,

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<v Speaker 1>not as founder of Policy and Rights or a director

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<v Speaker 1>of one of the directors of Depictions Media. There's not

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<v Speaker 1>me speaking as as that person. Charlie Kirk now no

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<v Speaker 1>longer has the opportunity to find out if he was

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<v Speaker 1>right about things, if his rhetoric was right or wrong.

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<v Speaker 1>He has no chance to live to see it through

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<v Speaker 1>and that's a shame that we all should have that

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<v Speaker 1>ability to live out our rhetoric to see, hey, did

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<v Speaker 1>we get it right? And Charlie Kirk no longer has

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<v Speaker 1>the opportunity. That opportunity was tragically taken away from him

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<v Speaker 1>and instead he was handed a bullet. There are other

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<v Speaker 1>issues around Charlie Kirk, with Donald Trump trying to politicize this,

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<v Speaker 1>trying to offer him a posthumous metal, all sorts of things,

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<v Speaker 1>calling him a great American for his rhetoric, trying to

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<v Speaker 1>trying to make make his life his work more than

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<v Speaker 1>what it may actually be. Then again, Donald Trump may

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<v Speaker 1>actually agree with everything that Charlie Kirk had to say

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<v Speaker 1>and thus giving him a posterous metal is a very

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<v Speaker 1>presidential thing to do. Then, But the thing is, the

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<v Speaker 1>bottom line is is that Charlie Kirk should be alive

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<v Speaker 1>right here, right now to debate his rhetoric, to debate

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<v Speaker 1>what he is that he believes. As a human being,

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<v Speaker 1>he should have that right to debate and defend it,

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<v Speaker 1>and someone took that from him, and that person should

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<v Speaker 1>be found brought to justice, to be held accountable for

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<v Speaker 1>what it is that they did and be given the

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<v Speaker 1>proper due process, through to finding out why they did

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<v Speaker 1>what they did and to find out how we could

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<v Speaker 1>do better as human beings so that it doesn't happen

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<v Speaker 1>to it doesn't necessarily we're not in all this. We're

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<v Speaker 1>not just talking about that he was a conservative. He

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<v Speaker 1>was an outspoken person, and outspoken people could be put

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<v Speaker 1>into harm's way no matter which side of the coin

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<v Speaker 1>you're looking at. Okay, So moving back to Canada, we

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<v Speaker 1>are going to hear from Tim Hodginson as he is

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<v Speaker 1>is in Edmonton talking about railways and federal support for

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<v Speaker 1>Alberta Railways. Alberta railways are very important things. I can

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<v Speaker 1>tell you right now that the Alberta Railways, the the

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<v Speaker 1>the train, the freight trains that actually moved from Alberta

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<v Speaker 1>towards BC Ports carry Alberta Tarzan Beachaman, and that Beachman

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<v Speaker 1>is important to Canada in general because it is being

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<v Speaker 1>sold to Asia for whatever the price may be. But

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<v Speaker 1>it brings a profit back to Canada, brings a profit

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<v Speaker 1>back to the people of Alberta, It creates jobs, and

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<v Speaker 1>it does a lot of good things for the local authorities,

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<v Speaker 1>the local municipal governments as well as provincial governments right

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<v Speaker 1>on up to federal governments because it is worth quite

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<v Speaker 1>a bit of money as a petroleum product. So we

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<v Speaker 1>look forward to hearing from hearing what Tim Hutts has

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<v Speaker 1>to say about Canada railways and especially coming from Alberta,

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<v Speaker 1>and how they plan to spend one hundred million dollars

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<v Speaker 1>on these railways. So why don't we get started, and

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<v Speaker 1>we're going to hear from the World Food Program as

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<v Speaker 1>you're giving a report about food programs and how successful

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<v Speaker 1>they are around the world. Sorry about that, History decided

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<v Speaker 1>that she wanted to chime in on UH on the conversation,

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<v Speaker 1>and we're gonna hear from the representative from the World

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<v Speaker 1>Food Program and they're going to tell us how things

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<v Speaker 1>are going for that because with some of the funding

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<v Speaker 1>cuts that have happened from the United States. In the

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<v Speaker 1>United States, UH federal programs cutting back on several charities.

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<v Speaker 1>How it is affecting the capabilities of the World Food

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<v Speaker 1>Program as they do work delivering food to many hotspots

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<v Speaker 1>in humanitarian efforts around the world.

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<v Speaker 3>How much you have to ask you to stay for

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<v Speaker 3>our UH guests UH from the World Food Program who

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<v Speaker 3>are here to present the report on.

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<v Speaker 4>Nutrition. Uh, so we will go right to them.

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<v Speaker 3>If you want to go ahead, go ahead and start.

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<v Speaker 3>We will no there there, everybody's online, if we could

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<v Speaker 3>put them, if we could put the briefers online, and

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<v Speaker 3>then we'll start with Carmen. Thank you, go ahead, yes,

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<v Speaker 3>go ahead, and I really I apologize to both, to

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<v Speaker 3>both you and Professor Bundy for their delay. But news

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<v Speaker 3>gets in their way unfortunately of important things.

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<v Speaker 5>Of course, no problem. Very happy to be in the

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<v Speaker 5>New York briefing room again. Thank you so much for

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<v Speaker 5>your intentions.

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<v Speaker 6>And obviously after.

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<v Speaker 5>The very sobering news that we just heard from the

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<v Speaker 5>from the UN headquarters, I'm glad to say we're here

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<v Speaker 5>to give you some good news, which is hard to

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<v Speaker 5>come by these days. The World Food Program is launching

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<v Speaker 5>today it's fourth State of School Feeding worldwide publication. This

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<v Speaker 5>publication comes out every two years and is the major

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<v Speaker 5>monitoring report on this massive policy area that is very

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<v Speaker 5>important for governments. I promise some good news, so I

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<v Speaker 5>will go ahead and give you the highlights of the report. Today.

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<v Speaker 5>We are announcing that four hundred and sixty six million

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<v Speaker 5>children are receiving meals in schools. This is the largest

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<v Speaker 5>food assistance program for children worldwide. The good news is

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<v Speaker 5>that over the last four years, an additional eighty million,

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<v Speaker 5>eight zero eighty million children have received meals compared to

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<v Speaker 5>where we were in twenty twenty. This is unprecedented progress.

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<v Speaker 5>We have not seen a scale up of a program

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<v Speaker 5>of this magnitude in at least a decade, and most

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<v Speaker 5>of it is due to government mobilization and domestic investments.

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<v Speaker 5>There's more good news. Of those eighty million children that

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<v Speaker 5>are being reached in in addition to what was already

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<v Speaker 5>done in twenty twenty, about sixty percent of those are

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<v Speaker 5>in low income countries, which tell us that even through

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<v Speaker 5>fiscal crises and through financial hardship, low income countries where

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<v Speaker 5>children need these programs the most, are making enormous efforts

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<v Speaker 5>to make sure that their children are protected during crises

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<v Speaker 5>and their futures are secured. Africa is the continent with

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<v Speaker 5>the most impressive progress. More than twenty million children are

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<v Speaker 5>additionally receiving meals and schools in the continent. We want

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<v Speaker 5>to highlight success stories in Kenya, in Ethiopia, and Rwanda,

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<v Speaker 5>only to name a few. Beninas another country. This is

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<v Speaker 5>really thanks to presidential leadership in the continent, and we're

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<v Speaker 5>very glad to see Africa stepping up on the fight

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<v Speaker 5>against hunger and also guaranteeing a better future for its children.

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<v Speaker 5>We also know that this scale up, this massive scale up,

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<v Speaker 5>is thanks to impressive funding increases. Global funding for school

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<v Speaker 5>meals has gone from forty eight billion, forty three billion, sorry,

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<v Speaker 5>forty three billion dollars in twenty twenty to eighty four

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<v Speaker 5>billion dollars in the last estimates that we have. Now

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<v Speaker 5>what's also impressive is that ninety nine percent of the

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<v Speaker 5>investment is coming from government budgets. This means that this

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<v Speaker 5>is a program, this is a global priority funded primarily

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<v Speaker 5>by governments. Donor support accounts only for one or two

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<v Speaker 5>percent of global investment in these programs. Again, this means

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<v Speaker 5>that this is not a donor supported or reliant effort.

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<v Speaker 5>This is a government backed agenda. These are presidents, prime

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<v Speaker 5>ministers and ministers that are prioritizing the well being of

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<v Speaker 5>their children and the future. We are also announcing in

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<v Speaker 5>the publication that a large part of success is owed

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<v Speaker 5>to the political mobilization of the School Meal's Coalition, which

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<v Speaker 5>was launched in twenty twenty one under the leadership of

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<v Speaker 5>President Macron, the government of Finland and later President Lula

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<v Speaker 5>of Brazil. The coalition now has more than one hundred

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<v Speaker 5>countries that have joined, most of them at presidential level,

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<v Speaker 5>that have committed to ensuring that every child receives a

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<v Speaker 5>healthy meal in school, and as you could see from

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<v Speaker 5>the numbers we are publishing today, many many of them

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<v Speaker 5>have mobilized towards that big goal. The World Food Program

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<v Speaker 5>has mobilized and has evolved its own role to support

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<v Speaker 5>this government mobilization. The organization is the secretariat of the

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<v Speaker 5>School Meals Coalition and also the largest UN agency supporting

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<v Speaker 5>this massive policy priority for governments. I want to end

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<v Speaker 5>by saying, of course, that NOLAD is not all is

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<v Speaker 5>rosy news. We are also identifying gaps that need to

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<v Speaker 5>be filled for the future. Even though low income country

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<v Speaker 5>have expanded their coverage, they still lag behind overall when

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<v Speaker 5>compared to high income countries. So at this moment, only

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<v Speaker 5>thirty percent of children and low income countries have access

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<v Speaker 5>to these programs compared to eighty percent of children in

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<v Speaker 5>high income countries. Moving forward, we are calling on all

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<v Speaker 5>governments to expand access to these programs, which are so

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<v Speaker 5>vital and the Professor Bundy is going to tell you

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<v Speaker 5>why in a second.

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<v Speaker 6>These programs are vital for many reasons, and it is

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<v Speaker 6>unsustainable and not acceptable that children and low income countries

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<v Speaker 6>that are the most.

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<v Speaker 5>Vulnerable have the least access to these programs. Professor Bundy,

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<v Speaker 5>can you please complement what I've just mentioned. As a

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<v Speaker 5>co author and co editorial member.

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<v Speaker 7>Of the report October, thank you so much, Carmen, go ahead,

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<v Speaker 7>Thank you very much.

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<v Speaker 8>For this opportunity to talk on these issues, and thank

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<v Speaker 8>you Vament for this some good news this evening. I

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<v Speaker 8>want to also reinforce here the point Carmen was making

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<v Speaker 8>that this is part of this work is coming from

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<v Speaker 8>the School Meals Coalition, and that the School Meals Coalition

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<v Speaker 8>has placed extreme emphasis on the quality of the evidence.

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<v Speaker 8>So these are data that we want to feel are reliable.

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<v Speaker 8>And I want to make the point that we've taken

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<v Speaker 8>a very special approach here, something new in looking at

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<v Speaker 8>global evidence, making this country lead and really bringing in

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<v Speaker 8>the experts working in countries, those who are already advising governments.

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<v Speaker 8>We have an academy, as we call it, of nearly

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<v Speaker 8>of more than one two hundred professors and practitioners from

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<v Speaker 8>one hundred and twenty four countries who are part of

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<v Speaker 8>the way we're looking at and analyzing this information. And

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<v Speaker 8>I wanted to emphasize that the message that there are

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<v Speaker 8>some key messages resulting from this stronger understanding of the

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<v Speaker 8>potential benefits of school meals programs, and it is this

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<v Speaker 8>better understanding of the of the benefits that has led

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<v Speaker 8>to them becoming public policy in so many countries, policies

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<v Speaker 8>policies that are owned by the countries, paid for by

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<v Speaker 8>the countries, and implemented by them. This extraordinary increase of

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<v Speaker 8>eighty million in coverage since the COVID pandemic, and so

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<v Speaker 8>there are really the key messages that have come out

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<v Speaker 8>of this are a threefold. The first is that the

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<v Speaker 8>well being of school children is critically important for their

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<v Speaker 8>learning outcomes. I often think this is a this is

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<v Speaker 8>something that parents always well understood, but governments and agencies

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<v Speaker 8>really didn't. And it's only now that we're really recognizing

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<v Speaker 8>that well being, the well being of school children and

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<v Speaker 8>adolescents is he to their learning ability and that providing

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<v Speaker 8>them with a good education and the world spends about

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<v Speaker 8>three trillion dollars on educating its children needs the leverage

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<v Speaker 8>of well being amongst those children at the same time,

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<v Speaker 8>and we're seeing real political change here. The most widely

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<v Speaker 8>given example of this is the recent election in Indonesia,

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<v Speaker 8>where the president's manifesto specifically highlighted investing in the next

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<v Speaker 8>generation what he called the Golden Generation in Indonesia, based

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<v Speaker 8>on the concept that that generation by twenty forty will

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<v Speaker 8>be the will be larger than the dependent population. So

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<v Speaker 8>that this is investing in human capital as a priority

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<v Speaker 8>for public policy in a country, and that the second

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<v Speaker 8>key message that's come out of this is that school

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<v Speaker 8>meals really are one of the best ways to establish

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<v Speaker 8>good dietary references for life, and we're seeing that emphasized

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<v Speaker 8>in much of the research, So that what we're saying now,

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<v Speaker 8>what countries are saying now, is that school meals programs

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<v Speaker 8>our main streams way main stream ways of ensuring three

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<v Speaker 8>important outcomes. The first of that those is human health.

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<v Speaker 8>And we heard we heard in the opening remarks there

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<v Speaker 8>that the new UNISEP report has shown that school age

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<v Speaker 8>children in particular have now now levels of nine percent

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<v Speaker 8>of obesity, and that addressing obesity an obesity that leads

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<v Speaker 8>to what we call cardiometabolic diseases or noncommunicable diseases in

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<v Speaker 8>middle age, diabetes, heart disease, blood pressure and so forth.

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<v Speaker 8>Those things are directly linked and that all of the

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<v Speaker 8>management processes that we have in place have not worked

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<v Speaker 8>with those and it's prevention that's likely to be the

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<v Speaker 8>key way forward.

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<v Speaker 4>So that's human health.

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<v Speaker 8>But also if you change the way children relate to food,

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<v Speaker 8>and if you change the way young people think about food,

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<v Speaker 8>they will lifelong change their dietary preferences and will they

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<v Speaker 8>will select foods on a rational, rational basis. One is

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<v Speaker 8>to improve their own health, but the other is to

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<v Speaker 8>improve planetary health. And I think all of us have

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<v Speaker 8>seen that in children ourselves, that they're choosing foods now

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<v Speaker 8>that also are ones that favor sustainability in our environments

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<v Speaker 8>and connected to that. And the third point is that

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<v Speaker 8>agric cultural production of food has has ruined soil health

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<v Speaker 8>in many parts of the world, and there's a real

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<v Speaker 8>movement now towards regenerative and agroecological approaches to farming to

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<v Speaker 8>fix that. And one of the ways of achieving that

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<v Speaker 8>is again by changing the dietary preferences of people. And

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<v Speaker 8>it's these roles human health, planetary health, and soil health.

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<v Speaker 8>Those changes are key too, are driven by school meals

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<v Speaker 8>programs in a very realistic way. And my final point

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<v Speaker 8>is to talk about school meals programs in the relation

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<v Speaker 8>to their role in crisis situations or their their relevance

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<v Speaker 8>in crisis situations. And I'm just going to say here

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<v Speaker 8>that the example of Ukraine is the most salient I

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<v Speaker 8>think here that Ukraine created a food reform program called

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<v Speaker 8>the Food Reform in a time of war, that specifically

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<v Speaker 8>about ensuring that the children of Ukraine are fed despite

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<v Speaker 8>everything else that's going wrong, and that they are fed

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<v Speaker 8>if they go to school. So children who reach the

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<v Speaker 8>school in Ukraine are now being fed, and over the

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<v Speaker 8>last two years we've worked with them and now one

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<v Speaker 8>and a half million children a day are being fed

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<v Speaker 8>in that way.

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<v Speaker 2>So those are the.

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<v Speaker 8>Positive messages that are coming out out of the school

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<v Speaker 8>meals programs, And these are the positive messages coming out

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<v Speaker 8>of this new state of school feeding worldwide report published

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<v Speaker 8>by the World Food Program.

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<v Speaker 7>Thank you, Thank you so much to both of you.

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<v Speaker 7>Let us now open for questions, EDI go ahead.

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<v Speaker 9>Thank you both very much. On behalf of the United

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<v Speaker 9>Nations Correspondence Association for doing this briefing. My name is

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<v Speaker 9>Zita Flutter from the Associated Press. A couple of follow

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<v Speaker 9>up questions. Can you tell us how many countries in

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<v Speaker 9>total were covered in this report? And I know you've

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<v Speaker 9>mentioned some of the least developed and developing countries. Were

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<v Speaker 9>there any of the developed countries mentioned? And was the

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<v Speaker 9>United States included at all? Noting that President Trump has

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<v Speaker 9>cut off funding for the World Food Program and on

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<v Speaker 9>the quality of school meals. I know the professor just

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<v Speaker 9>mentioned that this is a way to instill healthy eating

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<v Speaker 9>habits in children. Is that any kind of a requirement

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<v Speaker 9>or is that or up to individual governments and school

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<v Speaker 9>districts to carry out? Thank you, you.

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<v Speaker 10>Can take the first I can take the first question,

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<v Speaker 10>and maybe just to say that over the years that

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<v Speaker 10>we've published this report, the number of countries that are

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<v Speaker 10>in our database has also increased, as has the quality

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<v Speaker 10>of data.

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<v Speaker 5>As Professor Bundy was saying, so we are extremely proud

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<v Speaker 5>that this report now includes data from one hundred and

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<v Speaker 5>seventy four countries. That includes countries from high, middle and

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<v Speaker 5>low income status. That includes information from the US for

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00:28:42.799 --> 00:28:45.720
<v Speaker 5>most of Europe, and as you can see from the number,

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<v Speaker 5>this is quite a representative sample of global of the

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<v Speaker 5>global situation. I should say also, as I mentioned before,

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<v Speaker 5>that the other thing that we're announcing today is that

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<v Speaker 5>by enlarge, these programs, which are not insignificant investments, are

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<v Speaker 5>being born and carried paid by primarily by governments. And

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<v Speaker 5>so although donor funding is very important primarily in fragile countries,

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<v Speaker 5>in low income countries, by and large these programs are

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<v Speaker 5>being supported and sustained by governments themselves. Professor Bundy, maybe

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<v Speaker 5>on the quality question.

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<v Speaker 8>Sure, thank you very much, Can I and I also

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<v Speaker 8>just thank Edy for welcoming us in that way. That's

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<v Speaker 8>very touching. Can I also say that, you know, we

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<v Speaker 8>worked recently with the European Commission on this issue, and

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<v Speaker 8>twenty six out of the twenty seven countries in the

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<v Speaker 8>European Commission see school meals as a key contributor to

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<v Speaker 8>equilibriating the opportunities for children in the European Union that

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<v Speaker 8>we've recently seen. Canada and Copenhagen are two countries which

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<v Speaker 8>inv is not historically at national school meals programmed decide

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<v Speaker 8>that they are going to implement them. So so it's

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<v Speaker 8>it's by no means only low income countries that are

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<v Speaker 8>interested here. This is a this is any country that's

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<v Speaker 8>interested in the future of its children is paying attention

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<v Speaker 8>to this issue. And of course you're right, the quality

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<v Speaker 8>of the food is key. Any old food is not

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<v Speaker 8>the is not is not the answer. But understanding of

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<v Speaker 8>what food is important is very well developed. And food

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<v Speaker 8>standards f AO, WFP, who all are playing key roles

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<v Speaker 8>in in raising what those what those standards are, and

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<v Speaker 8>countries are recognizing this is the this is the key

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<v Speaker 8>thing that country led programs are really recognizing the need

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<v Speaker 8>to to stand up and to improve, to improve their standards.

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<v Speaker 8>And and let me just say briefly that that that

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<v Speaker 8>improving the standard the quality of food in the schools

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<v Speaker 8>often means they're buying more food locally from local farmers.

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<v Speaker 8>So it has all kinds of virtuous cycle effects. Good questions.

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<v Speaker 11>Thank you.

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<v Speaker 7>Let me go to the back and then we will

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<v Speaker 7>make our way back towards that.

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<v Speaker 12>Thank you.

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<v Speaker 13>Thank you for the briefing. This is Kareem were from

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<v Speaker 13>the Magabara Press News Agency. I want to go back

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<v Speaker 13>to the progress made in Africa. As you mentioned, did

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<v Speaker 13>the civil society and NGOs play any role in this

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<v Speaker 13>and what can be done to maintain this progress in

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<v Speaker 13>the years to come.

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<v Speaker 5>Thank you, Thank you so much for that question because

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<v Speaker 5>it allows me also to amplify the data a little bit.

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<v Speaker 5>I mentioned that only in the last two years there's

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<v Speaker 5>been an increase of twenty million children additionally, which brings

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00:31:50.319 --> 00:31:53.839
<v Speaker 5>the total in Africa of seventy one point five million

403
00:31:54.000 --> 00:31:58.759
<v Speaker 5>children receiving me also as Sub Saharan Africa. Again, this

404
00:31:58.960 --> 00:32:03.160
<v Speaker 5>is really impressed numbers. The region is the one that

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00:32:03.279 --> 00:32:06.160
<v Speaker 5>has made the most progress in scaling up these programs

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00:32:06.640 --> 00:32:10.359
<v Speaker 5>and most of it is because of government efforts. Now

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00:32:11.039 --> 00:32:16.519
<v Speaker 5>agencies and NGO civil society are crucial partners for governments

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00:32:16.599 --> 00:32:19.720
<v Speaker 5>to be able to achieve these milestones. NGOs and the

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00:32:19.839 --> 00:32:24.279
<v Speaker 5>UN system in general are there both supporting this operationally.

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<v Speaker 5>There is a very important role to play in helping

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<v Speaker 5>these governments reach these children, particularly in hard to reach

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00:32:30.440 --> 00:32:33.839
<v Speaker 5>areas or in conflict affected areas, but also in providing

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00:32:33.920 --> 00:32:38.039
<v Speaker 5>technical assistance, in sharing best practice, in helping countries connect

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00:32:38.079 --> 00:32:41.279
<v Speaker 5>to each other. So there is a growing network connected

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00:32:41.359 --> 00:32:46.279
<v Speaker 5>to the School Meals Coalition that is consolidating or connecting

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00:32:46.359 --> 00:32:49.400
<v Speaker 5>partners to those governments as they scale up based on

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00:32:49.440 --> 00:32:52.559
<v Speaker 5>their commitments. So I just wanted to also shout out

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<v Speaker 5>and say that as part of the School Meals Coalition,

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<v Speaker 5>there are more than one hundred and forty partner organizations

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<v Speaker 5>that are now committed to this cause, which is also

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00:33:01.759 --> 00:33:06.079
<v Speaker 5>a sign of important momentum also from civil society, from

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00:33:06.240 --> 00:33:10.400
<v Speaker 5>think tanks, academia, un agency's, multilateral development banks and others.

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<v Speaker 8>It's just expanded.

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<v Speaker 2>That's likely to say that.

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<v Speaker 8>That within the African context, of course, community organizations are

426
00:33:24.079 --> 00:33:29.079
<v Speaker 8>key to this. That the government policy is can be

427
00:33:29.160 --> 00:33:34.119
<v Speaker 8>a very important driver, but just as common was saying NGOs,

428
00:33:34.759 --> 00:33:39.720
<v Speaker 8>but literally community organizations organizations of parents can also be

429
00:33:39.880 --> 00:33:45.279
<v Speaker 8>vitally important in this. But also in this context, it's

430
00:33:45.319 --> 00:33:48.319
<v Speaker 8>really interesting to look at the history here and to

431
00:33:48.400 --> 00:33:53.000
<v Speaker 8>recognize that the Malibo Declaration of the African Union, it

432
00:33:53.240 --> 00:33:57.200
<v Speaker 8>was two thousand and four very specifically talks about homegrown

433
00:33:57.279 --> 00:34:01.880
<v Speaker 8>school feeding as a key issue for Africans, implying two things.

434
00:34:02.039 --> 00:34:05.000
<v Speaker 8>One that the school feeding was a necessary part of

435
00:34:05.119 --> 00:34:09.599
<v Speaker 8>investing in children's future, which it absolutely is, but also

436
00:34:10.000 --> 00:34:15.719
<v Speaker 8>that homegrown food, developed food grown in countries and food

437
00:34:15.719 --> 00:34:19.880
<v Speaker 8>particularly food grown locally by family farmers was the key

438
00:34:20.320 --> 00:34:26.239
<v Speaker 8>to making this healthy and available food. So it's again

439
00:34:26.360 --> 00:34:31.760
<v Speaker 8>a virtuous cycle that I think fits very well with

440
00:34:31.840 --> 00:34:34.840
<v Speaker 8>people's understanding of how our world works.

441
00:34:36.519 --> 00:34:40.159
<v Speaker 7>Thank you, Nori. No do we have more questions in

442
00:34:40.280 --> 00:34:40.639
<v Speaker 7>the room?

443
00:34:42.480 --> 00:34:42.920
<v Speaker 14>Do we have?

444
00:34:43.400 --> 00:34:47.639
<v Speaker 7>I don't see additional questions online, so thank you so much.

445
00:34:47.679 --> 00:34:51.320
<v Speaker 7>We were joined today by Carmen Barbano. It's very nice

446
00:34:51.360 --> 00:34:53.280
<v Speaker 7>to see you on screen, Carmen, it's been a very

447
00:34:53.320 --> 00:34:57.360
<v Speaker 7>long time. She's WFP's director of School Meals and Social Protection.

448
00:34:58.119 --> 00:35:01.119
<v Speaker 7>And also we were joined by Professor Donald Bundy, who

449
00:35:01.239 --> 00:35:04.320
<v Speaker 7>is the co editorial lead for the report. Thank you

450
00:35:04.519 --> 00:35:07.199
<v Speaker 7>so much to both of you for joining us today,

451
00:35:07.239 --> 00:35:09.639
<v Speaker 7>and thank you so much for your patients. Thank you,

452
00:35:10.920 --> 00:35:11.639
<v Speaker 7>thank you so much.

453
00:35:17.800 --> 00:35:20.480
<v Speaker 15>Ladies and gentlemen, thank you very much for joining us.

454
00:35:21.360 --> 00:35:27.719
<v Speaker 15>Let me very quickly introduce our colleagues today. So from

455
00:35:27.800 --> 00:35:34.679
<v Speaker 15>the Larsen Cosmisk, Director of International Security Policy, you will

456
00:35:34.800 --> 00:35:38.360
<v Speaker 15>know the minister, the Italian Minister for Defense, Scido Crosschetto,

457
00:35:39.360 --> 00:35:45.039
<v Speaker 15>the Sexuary of State for Defense, John Healey, YenS Plutner,

458
00:35:45.280 --> 00:35:50.760
<v Speaker 15>German State Secretary for Armaments and Innovation, and Alice Rufo,

459
00:35:51.159 --> 00:35:56.440
<v Speaker 15>the French Director of International Policy. Our session today, I'm

460
00:35:56.480 --> 00:35:59.960
<v Speaker 15>going to ask each of them to do a short

461
00:36:00.280 --> 00:36:05.400
<v Speaker 15>opening statement about what they have discussed today, and then

462
00:36:05.599 --> 00:36:10.440
<v Speaker 15>it will be questions. We've agreed with some journalists which

463
00:36:10.559 --> 00:36:13.880
<v Speaker 15>questions to ask. If we have a short amount of time.

464
00:36:14.119 --> 00:36:17.679
<v Speaker 15>There are many trains to catch, so I hope to

465
00:36:17.719 --> 00:36:21.480
<v Speaker 15>get through them all. Apologies if we don't. Two of

466
00:36:21.559 --> 00:36:26.519
<v Speaker 15>our colleagues, Alice and Martine, will not be taking questions

467
00:36:26.719 --> 00:36:32.480
<v Speaker 15>as they are policy officials and not ministers. But without

468
00:36:32.559 --> 00:36:35.920
<v Speaker 15>further ado, let me ask Secretary of State for Deference

469
00:36:36.360 --> 00:36:38.280
<v Speaker 15>John Healey to begin.

470
00:36:38.599 --> 00:36:44.559
<v Speaker 16>Thank you, good afternoon everyone. So today in London here

471
00:36:44.760 --> 00:36:49.519
<v Speaker 16>we held our fifth E five Defense Minister's Meeting. What

472
00:36:49.639 --> 00:36:54.800
<v Speaker 16>has become a significant moment in European security. We face

473
00:36:54.840 --> 00:36:59.800
<v Speaker 16>a new era of threat were in Europe rising Russian

474
00:36:59.800 --> 00:37:03.400
<v Speaker 16>and Russian and last night Putin hit a new level

475
00:37:03.719 --> 00:37:09.679
<v Speaker 16>of hostility against Europe. We saw across NATO's eastern border

476
00:37:10.440 --> 00:37:15.320
<v Speaker 16>a serious violation of Polish airspace deep enough for Warsaw

477
00:37:15.400 --> 00:37:19.920
<v Speaker 16>Airport to be closed, and NATO jets shooting down Russian

478
00:37:20.000 --> 00:37:24.199
<v Speaker 16>drones in what is the first defensive action of its

479
00:37:24.360 --> 00:37:28.599
<v Speaker 16>kind since Putin launched his full scale attack on Ukraine.

480
00:37:29.840 --> 00:37:34.519
<v Speaker 16>And just at the same period as Russia's attacks on

481
00:37:34.719 --> 00:37:39.920
<v Speaker 16>Ukraine intensify, and as the Prime Minister Starmer said this morning,

482
00:37:40.719 --> 00:37:44.519
<v Speaker 16>these moves, he said, only served to remind us of

483
00:37:44.639 --> 00:37:51.760
<v Speaker 16>President Putin's blatant disregard for peace. So together we the

484
00:37:52.079 --> 00:37:59.760
<v Speaker 16>Five totally condemn these attacks. Russian's actions are reckless, They're dangerous,

485
00:38:00.639 --> 00:38:06.119
<v Speaker 16>They're unprecedented. We see what Putin is doing yet again,

486
00:38:06.840 --> 00:38:10.159
<v Speaker 16>he is testing us. Yet again. We will stand firm

487
00:38:11.559 --> 00:38:15.320
<v Speaker 16>and Defense Minister Coosgniac Kamesh rightly return home to Poland

488
00:38:15.360 --> 00:38:18.239
<v Speaker 16>in the very early hours of this morning to deal

489
00:38:18.719 --> 00:38:23.119
<v Speaker 16>with this unprecedented situation. And we pray tribute to the

490
00:38:23.199 --> 00:38:26.679
<v Speaker 16>Polish and NATO personnel involved in such a rapid and

491
00:38:26.800 --> 00:38:33.559
<v Speaker 16>effective defensive action. And my message to Martian and the

492
00:38:33.639 --> 00:38:39.360
<v Speaker 16>Polish people as this as your NATO ally, we will

493
00:38:39.400 --> 00:38:43.719
<v Speaker 16>support you, our Polish friends. As your NATO ally, we

494
00:38:43.760 --> 00:38:46.519
<v Speaker 16>will play our part to help secure the safety of

495
00:38:46.599 --> 00:38:51.679
<v Speaker 16>your people. And following our discussions today, I've asked our

496
00:38:51.840 --> 00:38:55.039
<v Speaker 16>UK armed forces to look at options to bolster NATO's

497
00:38:55.039 --> 00:39:01.639
<v Speaker 16>air defense over Poland. Today is FI nations. We say

498
00:39:01.679 --> 00:39:06.199
<v Speaker 16>to President Putin, your aggression only serves to strengthen the

499
00:39:06.280 --> 00:39:11.239
<v Speaker 16>unity between our NATO nations. Your aggression only serves to

500
00:39:11.559 --> 00:39:17.800
<v Speaker 16>strengthen our determination to stand with Ukraine, and your aggression

501
00:39:17.960 --> 00:39:22.840
<v Speaker 16>reminds us that a secure Europe needs a strong Ukraine

502
00:39:23.880 --> 00:39:29.440
<v Speaker 16>and that the security of Europe starts in Ukraine. So

503
00:39:29.519 --> 00:39:31.719
<v Speaker 16>I'm proud that the five of us were joined today

504
00:39:31.840 --> 00:39:35.440
<v Speaker 16>by Ukrainian Defense Minister Shamal.

505
00:39:36.679 --> 00:39:36.840
<v Speaker 2>As.

506
00:39:36.920 --> 00:39:41.480
<v Speaker 16>Ukraine remains at the forefront of our discussions. Following the

507
00:39:41.599 --> 00:39:45.880
<v Speaker 16>Ukraine Defense Contact Group which I chaired from London yesterday

508
00:39:46.400 --> 00:39:51.000
<v Speaker 16>with over fifty nations attended by Secretary General Mark Rutur

509
00:39:51.159 --> 00:39:54.920
<v Speaker 16>and also US Secretary Pete Hegseth. We will continue to

510
00:39:55.000 --> 00:40:01.119
<v Speaker 16>ramp up our support for Ukraine because we not jeopardize

511
00:40:01.199 --> 00:40:05.719
<v Speaker 16>peace by forgetting about the war, just as we plan

512
00:40:06.400 --> 00:40:09.679
<v Speaker 16>for that piece through the UK French Coalition of the Willing.

513
00:40:10.599 --> 00:40:12.719
<v Speaker 16>And I know I speak for all of us when

514
00:40:12.719 --> 00:40:17.280
<v Speaker 16>I pay congratulations to our good friend and colleague Sebastian

515
00:40:17.360 --> 00:40:23.000
<v Speaker 16>Lukornu being named now as Francis new Prime Minister. So

516
00:40:23.239 --> 00:40:26.920
<v Speaker 16>in today's discussions, we also discussed our work together to

517
00:40:27.079 --> 00:40:30.800
<v Speaker 16>counter Russia's malign influence in the Western Balkans. And in

518
00:40:30.880 --> 00:40:34.800
<v Speaker 16>the week that our UK government published its Defense Industrial Strategy,

519
00:40:35.679 --> 00:40:39.440
<v Speaker 16>we discussed how we make defense an engine for growth

520
00:40:39.559 --> 00:40:45.559
<v Speaker 16>across our economies, more cooperation, more joint production, more jobs

521
00:40:45.599 --> 00:40:50.519
<v Speaker 16>in all of our communities. And we leave here today

522
00:40:51.400 --> 00:40:57.199
<v Speaker 16>as E five nations, Europe's top defense spenders, more united,

523
00:40:57.920 --> 00:41:02.559
<v Speaker 16>more determined to front this new era of threat, to

524
00:41:02.679 --> 00:41:06.679
<v Speaker 16>step up further for Ukraine, and to continue to boost

525
00:41:06.840 --> 00:41:12.320
<v Speaker 16>our defense spending as we increase wolf fighting readiness. We

526
00:41:12.480 --> 00:41:17.239
<v Speaker 16>do this to make our citizens and to make Europe

527
00:41:18.079 --> 00:41:20.199
<v Speaker 16>secure at home and strong abroad.

528
00:41:20.440 --> 00:41:25.039
<v Speaker 15>Thank you, Thank you, Secretary of State. If we could

529
00:41:25.119 --> 00:41:29.719
<v Speaker 15>ask the Italian Minister for Defense, Guido Crochetto.

530
00:41:32.559 --> 00:41:34.800
<v Speaker 4>Hey, stop playing with your fanny pack.

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<v Speaker 14>Hoodie these days is big, baggy and useless, like wearing

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<v Speaker 4>Someone is trying to frame us until our names are cleared.

585
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<v Speaker 4>My future district like Bonnie and Clyde with better next.

586
00:45:02.880 --> 00:45:04.400
<v Speaker 4>When you said you want to go to get away,

587
00:45:05.840 --> 00:45:07.280
<v Speaker 4>this is not what imagine.

588
00:45:12.320 --> 00:45:15.440
<v Speaker 17>You are so German, sexy, stupid.

589
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<v Speaker 11>See grats you grats John plat hospitalta ogilandra something contracting

590
00:45:30.079 --> 00:45:37.920
<v Speaker 11>common informato e chinque comed venicia or presentanti diminisila eaiato

591
00:45:38.480 --> 00:45:44.360
<v Speaker 11>con dividendo an in conto hold ministro or crying formato

592
00:45:45.000 --> 00:45:49.880
<v Speaker 11>centual campus the priorita. But ever made your periodo refermato

593
00:45:50.039 --> 00:45:55.519
<v Speaker 11>that determina communa lucrainauro a party in the grant community

594
00:45:55.559 --> 00:46:01.119
<v Speaker 11>have a John del comed chin rafforts are pilasto, rope

595
00:46:01.199 --> 00:46:04.559
<v Speaker 11>de la lianza in plena and piano complementary atta called

596
00:46:04.679 --> 00:46:11.360
<v Speaker 11>nato guaranteel crina posa ginger napacheula resta and nosta priorita

597
00:46:13.039 --> 00:46:17.440
<v Speaker 11>sul piano de la difeso ropea rscadi rapport sale the

598
00:46:17.559 --> 00:46:25.320
<v Speaker 11>terranzal credibility defsa secretsa intervenando in sedtrrichiavi comma cyber secretza

599
00:46:25.320 --> 00:46:31.880
<v Speaker 11>a defeesam silistic coomed principali investitori rope la defesa pera

600
00:46:31.920 --> 00:46:38.880
<v Speaker 11>guarante capacita critique edi aggressor the in australiati la defsea

601
00:46:38.920 --> 00:46:45.519
<v Speaker 11>considerato prerequisito resistance donazi. You know democracia coomalia monci are

602
00:46:45.639 --> 00:46:50.639
<v Speaker 11>per caperal cun investor in defesa vista mentor in virtual

603
00:46:50.679 --> 00:46:55.880
<v Speaker 11>defasa ser the guarantilla patch estato concordato your perari modos

604
00:46:55.920 --> 00:47:00.679
<v Speaker 11>in ergico per potentiare la bas industrial ropea rafforta, the leadership,

605
00:47:00.760 --> 00:47:06.639
<v Speaker 11>technological resilienza, integration, the ost system quest in peno dobraco

606
00:47:06.679 --> 00:47:10.920
<v Speaker 11>involved anelo crinasjam integr and the interoperabi rest of the

607
00:47:10.920 --> 00:47:17.719
<v Speaker 11>Europe revolved natension and particularly volcano entally are a strategica

608
00:47:18.159 --> 00:47:23.800
<v Speaker 11>per la stabilita regionalem sustinbriza and it's a rope de

609
00:47:23.880 --> 00:47:32.719
<v Speaker 11>lenadof speno perativ is epigramedyface a coordinat to be a

610
00:47:32.800 --> 00:47:37.480
<v Speaker 11>morom per courso rapid the interna region and elenado and

611
00:47:38.079 --> 00:47:41.559
<v Speaker 11>repass the regionary in cm soon as the g peri

612
00:47:41.599 --> 00:47:46.760
<v Speaker 11>valcani omni comprehensive. The proper alanato e rope is that

613
00:47:46.880 --> 00:47:53.760
<v Speaker 11>agents sulto the qualita lenovo technology a frontando cipportunitas risk

614
00:47:53.800 --> 00:47:59.559
<v Speaker 11>in particularly front mina is informacion. This toture dedicat a

615
00:47:59.639 --> 00:48:04.960
<v Speaker 11>project on divis inlabor prosimi John in contetaosti staff. But

616
00:48:05.039 --> 00:48:11.719
<v Speaker 11>if you concrete Lina Colinder mercy or generally antring country

617
00:48:14.559 --> 00:48:20.320
<v Speaker 11>in Laura representante pelimpenno lavisione con divisa quanto discus Solonda

618
00:48:21.280 --> 00:48:26.480
<v Speaker 11>called the president in controdromami agull altering control bred.

619
00:48:31.679 --> 00:48:32.519
<v Speaker 4>Thank you very much.

620
00:48:33.079 --> 00:48:38.280
<v Speaker 15>If I could ask Jen's plotner to provide his owning statement.

621
00:48:38.519 --> 00:48:42.119
<v Speaker 12>Thank you very much. Good afternoon. Also from my behalf.

622
00:48:42.480 --> 00:48:44.119
<v Speaker 12>First of all, Ministry, I want to thank you for

623
00:48:44.280 --> 00:48:48.760
<v Speaker 12>your warm hospitality and excuse the absence of Boris Pistorios.

624
00:48:48.800 --> 00:48:51.960
<v Speaker 12>Would have loved to have been here, but parliamentarian duties

625
00:48:52.280 --> 00:48:55.800
<v Speaker 12>required his presence in Berlin. I do not want to

626
00:48:55.840 --> 00:48:59.519
<v Speaker 12>repeat what two ministers said. I fully agree with the

627
00:48:59.599 --> 00:49:02.920
<v Speaker 12>points they made, but I would like to add my own,

628
00:49:03.000 --> 00:49:08.519
<v Speaker 12>in Germany's own firm condemnation to yours about what happened

629
00:49:09.199 --> 00:49:14.360
<v Speaker 12>in Polish airspace last night. It is inacceptable. It is

630
00:49:14.440 --> 00:49:18.760
<v Speaker 12>a targeted provocation, and it is a provocation not only

631
00:49:18.920 --> 00:49:22.880
<v Speaker 12>against our Polish neighbors, friends and allies, but against NATO

632
00:49:23.199 --> 00:49:30.280
<v Speaker 12>as a whole, we stand altogether firm side of our

633
00:49:30.360 --> 00:49:34.599
<v Speaker 12>Polish friends, and I think the message we would like

634
00:49:34.679 --> 00:49:37.960
<v Speaker 12>to send is a message of strength, of unity and

635
00:49:38.400 --> 00:49:42.320
<v Speaker 12>of not letting us be provoked into hastened actions. It

636
00:49:42.480 --> 00:49:45.639
<v Speaker 12>is good that this is being discussed now at NATO

637
00:49:46.119 --> 00:49:48.280
<v Speaker 12>and this must find a common answer of all of

638
00:49:48.440 --> 00:49:54.119
<v Speaker 12>us to Moscow about the meeting today, the substance has

639
00:49:54.199 --> 00:49:57.400
<v Speaker 12>been exposed. Let me say that I feel that today

640
00:49:57.519 --> 00:50:00.559
<v Speaker 12>we send a message of unity of unit in our

641
00:50:00.679 --> 00:50:05.199
<v Speaker 12>support stepfast support for our Ukrainian friends. It's very good

642
00:50:05.239 --> 00:50:09.559
<v Speaker 12>discussion with the Minister Schmihal, but also a message of

643
00:50:09.719 --> 00:50:13.639
<v Speaker 12>unity when it comes to our own efforts to bolster

644
00:50:13.880 --> 00:50:17.199
<v Speaker 12>our defense readiness and to work closer together in order

645
00:50:17.280 --> 00:50:20.400
<v Speaker 12>to do so. This group of five, the fifth meeting

646
00:50:20.880 --> 00:50:23.280
<v Speaker 12>has proven from our point of view, to be a

647
00:50:23.400 --> 00:50:27.880
<v Speaker 12>catalyst for for new ideas and a motor of of change.

648
00:50:28.480 --> 00:50:32.280
<v Speaker 12>And somewhat in that spirit I would like to on

649
00:50:32.360 --> 00:50:36.400
<v Speaker 12>behalf of Bob was Pistio's extended invitation to you, Minister's

650
00:50:36.960 --> 00:50:40.719
<v Speaker 12>colleagues for Bilin for the next meeting. Towards the end

651
00:50:40.760 --> 00:50:43.119
<v Speaker 12>of this year. Thank you very much for your hospitality.

652
00:50:44.639 --> 00:50:47.840
<v Speaker 4>Ye and thank you very much Alice Alice Rufo, Thank you.

653
00:50:47.960 --> 00:50:55.320
<v Speaker 18>Very much, Defense Secretary, and we switch to English. Do

654
00:50:55.440 --> 00:51:02.119
<v Speaker 18>la bando Sebastiania. Papetrola parskill preis a diversive provo falicitation

655
00:51:02.480 --> 00:51:06.559
<v Speaker 18>on KAJMO. Thank you for for having me in this

656
00:51:06.800 --> 00:51:10.599
<v Speaker 18>very important meeting. My minister was committed from the very

657
00:51:10.639 --> 00:51:14.000
<v Speaker 18>beginning to this format and I like the words used

658
00:51:14.039 --> 00:51:18.599
<v Speaker 18>by Yance, it's a motor for NATO, for our European defense.

659
00:51:18.760 --> 00:51:22.320
<v Speaker 18>It's very important to have this room to discuss strategically

660
00:51:22.519 --> 00:51:28.320
<v Speaker 18>and to have this impulsion together. I will as well

661
00:51:28.559 --> 00:51:32.400
<v Speaker 18>add that what happened yesterday in Poland was totally unprecedented

662
00:51:32.519 --> 00:51:38.400
<v Speaker 18>and unacceptable. As mentioned before, we are collective answer was

663
00:51:39.360 --> 00:51:43.840
<v Speaker 18>effective and we need to continue to work together. And

664
00:51:44.000 --> 00:51:48.000
<v Speaker 18>of course France tand ready to support you, and we

665
00:51:48.119 --> 00:51:51.360
<v Speaker 18>are as well looking options in a coordinated way on

666
00:51:51.840 --> 00:51:56.039
<v Speaker 18>reinforcing your air defense on Ukraine. I think we had

667
00:51:57.039 --> 00:51:59.079
<v Speaker 18>in one week and a half the meeting of the

668
00:51:59.119 --> 00:52:02.719
<v Speaker 18>Coalition of the Will at the leaders level the UDCG

669
00:52:03.280 --> 00:52:07.639
<v Speaker 18>with successful and concrete results. And I think what we

670
00:52:07.800 --> 00:52:10.599
<v Speaker 18>had as well today showed that Europe is stepping up,

671
00:52:11.039 --> 00:52:13.920
<v Speaker 18>ready to support Ukraine in the short term, ready to

672
00:52:14.159 --> 00:52:18.639
<v Speaker 18>offer Ukraine security guarantees for the future and to achieve

673
00:52:19.440 --> 00:52:23.519
<v Speaker 18>peace through strends, and that now Russia needs to understand

674
00:52:23.599 --> 00:52:27.119
<v Speaker 18>that it should come to the negotiation table and stop

675
00:52:27.320 --> 00:52:29.679
<v Speaker 18>this war. Thank you as well for the very good

676
00:52:29.760 --> 00:52:34.039
<v Speaker 18>discussion on industry. We all are in face of the

677
00:52:34.159 --> 00:52:39.519
<v Speaker 18>same issues. Ramping up accelerate and I'm sure that with

678
00:52:39.800 --> 00:52:43.519
<v Speaker 18>all this very pragmatic approach we had today will do

679
00:52:43.840 --> 00:52:46.880
<v Speaker 18>progress together. And thank you as well for the interest

680
00:52:47.280 --> 00:52:51.320
<v Speaker 18>on the baggans. I think it's important for this group

681
00:52:52.639 --> 00:52:56.880
<v Speaker 18>to work together and to strategize on this region because

682
00:52:56.920 --> 00:52:59.840
<v Speaker 18>we are very much committed through NATO and EU and

683
00:53:00.039 --> 00:53:02.239
<v Speaker 18>by that running to the stability of the region.

684
00:53:02.320 --> 00:53:06.960
<v Speaker 4>Thank you very much, Alice, thank you very much. Massin Kasmerski,

685
00:53:08.159 --> 00:53:08.920
<v Speaker 4>thank you very much.

686
00:53:09.199 --> 00:53:14.159
<v Speaker 17>And as you, as you just heard from the Defense Secretary, Heally,

687
00:53:15.639 --> 00:53:20.039
<v Speaker 17>the deputy Prime Minister and Minister of National Defense had

688
00:53:20.159 --> 00:53:24.280
<v Speaker 17>to live unfortunately had to skip the second day of

689
00:53:24.440 --> 00:53:27.480
<v Speaker 17>the meeting due to the attack. I think it is

690
00:53:27.920 --> 00:53:31.199
<v Speaker 17>it is the best way to describe it, the drawn

691
00:53:31.239 --> 00:53:39.280
<v Speaker 17>attack that took place last night over the meeting, we

692
00:53:40.159 --> 00:53:45.800
<v Speaker 17>confirmed the importance Poland attaches to the E file format

693
00:53:46.440 --> 00:53:52.400
<v Speaker 17>as a platform platform for discussing issues of importance of

694
00:53:52.519 --> 00:53:59.880
<v Speaker 17>great importance for the European security, transatlantic relations, the war

695
00:54:00.119 --> 00:54:05.480
<v Speaker 17>or the Russia's aggression of Ukraine and support or assistance

696
00:54:05.840 --> 00:54:10.920
<v Speaker 17>for Ukraine. That was definitely confirmed. This is something that

697
00:54:11.119 --> 00:54:16.000
<v Speaker 17>we wanted to as a Poland developed, as I just said,

698
00:54:16.079 --> 00:54:19.320
<v Speaker 17>as a platform for not only discussing things, but also

699
00:54:19.920 --> 00:54:26.920
<v Speaker 17>looking for specific initiatives in the areas I just mentioned.

700
00:54:27.039 --> 00:54:34.239
<v Speaker 17>When it comes to what happened over Poland last night,

701
00:54:34.920 --> 00:54:44.599
<v Speaker 17>as you just heard, solidarity was expressed. Conviction that we

702
00:54:45.039 --> 00:54:49.519
<v Speaker 17>need more as an alliance, as a NATA, we need

703
00:54:50.440 --> 00:54:58.239
<v Speaker 17>more coherence, more unity. That we should look also in

704
00:54:58.400 --> 00:55:04.599
<v Speaker 17>practical terms how to make not only Poland but all

705
00:55:04.679 --> 00:55:10.599
<v Speaker 17>the flying countries better able to cope with the threats

706
00:55:10.880 --> 00:55:15.639
<v Speaker 17>we had to cope with last night. And as it

707
00:55:15.840 --> 00:55:24.679
<v Speaker 17>was also already mentioned, the response was collective in a manner.

708
00:55:25.800 --> 00:55:31.679
<v Speaker 17>Not only Polish assets, Polish aircraft, but also those of

709
00:55:31.880 --> 00:55:39.079
<v Speaker 17>some other allies were involved in it, activated or used

710
00:55:39.519 --> 00:55:45.679
<v Speaker 17>and it is the best example of solidarity of unity

711
00:55:47.000 --> 00:55:53.679
<v Speaker 17>and we as a Poland we want to discuss we

712
00:55:53.679 --> 00:55:56.920
<v Speaker 17>would like to discuss this issue farther within the NATO

713
00:55:57.840 --> 00:56:04.239
<v Speaker 17>framework to be sure that we as a NATO that

714
00:56:04.800 --> 00:56:08.320
<v Speaker 17>we are able to that we will be able to

715
00:56:08.559 --> 00:56:12.199
<v Speaker 17>in the future to respond to such threats in the

716
00:56:12.320 --> 00:56:16.800
<v Speaker 17>best possible way. Thank you very much, Astin.

717
00:56:16.920 --> 00:56:17.199
<v Speaker 4>Thank you.

718
00:56:17.960 --> 00:56:19.840
<v Speaker 15>Just to remind them us in analys will not be

719
00:56:19.880 --> 00:56:25.119
<v Speaker 15>answering questions, but the minister as well, Carl Dinnan.

720
00:56:30.840 --> 00:56:33.400
<v Speaker 19>My name is Brian Corning. I'm the President CEO of

721
00:56:33.519 --> 00:56:36.440
<v Speaker 19>can Do railm Terminals. The reason why we're here today

722
00:56:36.519 --> 00:56:41.119
<v Speaker 19>actually is to give thanks to CIV Canada Infrastructure Bank.

723
00:56:42.119 --> 00:56:45.480
<v Speaker 19>You know we own We own sixty two locations across

724
00:56:45.519 --> 00:56:49.639
<v Speaker 19>Canada and US. We have thirteen terminals across Canada. We

725
00:56:49.719 --> 00:56:53.719
<v Speaker 19>have the largest terminal, privately owned terminal here in Sturgeon County,

726
00:56:53.840 --> 00:56:58.679
<v Speaker 19>just up the road, over six hundred acres. When we're

727
00:56:58.719 --> 00:57:02.239
<v Speaker 19>building the second part of that what we call Sturgeon

728
00:57:02.360 --> 00:57:05.719
<v Speaker 19>East Sturgeon West, I apologize what we call Sturgeon West

729
00:57:05.760 --> 00:57:09.760
<v Speaker 19>now the twining off it. There's always things regard to

730
00:57:09.840 --> 00:57:14.440
<v Speaker 19>the supply chain and investment decisions along that line. When

731
00:57:15.280 --> 00:57:18.440
<v Speaker 19>a particular client made a decision to postpone some of

732
00:57:18.480 --> 00:57:21.960
<v Speaker 19>their investments. We looked at is this still something that

733
00:57:22.039 --> 00:57:24.280
<v Speaker 19>we want to do? Is this still a viable investment

734
00:57:24.400 --> 00:57:29.079
<v Speaker 19>for us? It's an investment that the Province of Alberta requires,

735
00:57:29.360 --> 00:57:32.840
<v Speaker 19>It's an investment that the Imperial Oils, the Sun Cores,

736
00:57:33.280 --> 00:57:36.199
<v Speaker 19>all those companies who are shipping product. It's an investment

737
00:57:36.280 --> 00:57:39.679
<v Speaker 19>that they require. But is it an investment that should

738
00:57:39.679 --> 00:57:43.559
<v Speaker 19>be funded by us? We had numerous conversations with CIB

739
00:57:44.039 --> 00:57:47.840
<v Speaker 19>and they were great. In the discussions, we explained that

740
00:57:47.880 --> 00:57:48.599
<v Speaker 19>we're looking.

741
00:57:48.440 --> 00:57:50.199
<v Speaker 4>To de risk our investment.

742
00:57:51.920 --> 00:57:54.599
<v Speaker 19>Going through the calculations, we came up with the concept

743
00:57:54.679 --> 00:57:58.159
<v Speaker 19>that they can bring us to the table one hundred

744
00:57:58.159 --> 00:58:02.679
<v Speaker 19>million dollars off the two hundred million dollars investment. It's alone.

745
00:58:03.079 --> 00:58:05.079
<v Speaker 19>It is something we will pay back over the next

746
00:58:05.119 --> 00:58:07.519
<v Speaker 19>couple of years. But it helped us to de risk

747
00:58:07.599 --> 00:58:10.199
<v Speaker 19>the project. So instead of us looking at it and

748
00:58:10.280 --> 00:58:14.239
<v Speaker 19>saying we'll delay our investment for two years, no, we

749
00:58:14.360 --> 00:58:17.679
<v Speaker 19>went live. In fact, we broke ground there two weeks ago.

750
00:58:18.679 --> 00:58:21.679
<v Speaker 19>We will go live on that particular project again, a

751
00:58:21.719 --> 00:58:24.119
<v Speaker 19>two hundred million dollar investment. It will be up and

752
00:58:24.239 --> 00:58:29.320
<v Speaker 19>running November twenty twenty six. Would it have happened without

753
00:58:29.840 --> 00:58:35.119
<v Speaker 19>the funding from CIB. That's always a tough decision. Like

754
00:58:35.480 --> 00:58:38.840
<v Speaker 19>any company in the world, we have finite resources and

755
00:58:38.920 --> 00:58:42.119
<v Speaker 19>one of those resources is access to capital. It's a

756
00:58:42.199 --> 00:58:46.559
<v Speaker 19>finite resource. So looking at and partnering with CIB was

757
00:58:46.679 --> 00:58:49.280
<v Speaker 19>really really helpful in saying yes, let's go live. Now

758
00:58:50.320 --> 00:58:53.239
<v Speaker 19>we'll go live. We will be live November twenty twenty six.

759
00:58:53.639 --> 00:58:56.599
<v Speaker 19>The project will be up and running, and then when

760
00:58:56.719 --> 00:58:59.159
<v Speaker 19>some of the clients go live in twenty seven, twenty eight,

761
00:58:59.400 --> 00:59:02.280
<v Speaker 19>we're there, ready and willing. So I want to thank

762
00:59:02.519 --> 00:59:07.840
<v Speaker 19>CIB very very much. It helped derisk the project. It

763
00:59:07.920 --> 00:59:09.880
<v Speaker 19>is one hundred million dollars off to two hundred million

764
00:59:09.880 --> 00:59:13.039
<v Speaker 19>dollar investment. It is a loan for the next four years.

765
00:59:14.519 --> 00:59:16.280
<v Speaker 19>With that being said, though, I'm going to hand it

766
00:59:16.360 --> 00:59:21.199
<v Speaker 19>off to Minister Hodgson, who I'm sure has no requirement

767
00:59:21.239 --> 00:59:22.719
<v Speaker 19>for me to introduce him in that sense.

768
00:59:22.880 --> 00:59:27.360
<v Speaker 4>So Minister, thank you.

769
00:59:27.519 --> 00:59:28.079
<v Speaker 1>Very much.

770
00:59:29.639 --> 00:59:35.320
<v Speaker 20>And can do what better, what better backdrop for what

771
00:59:35.440 --> 00:59:42.800
<v Speaker 20>we're talking about today. Good afternoon in Boujeour thank you

772
00:59:43.039 --> 00:59:47.400
<v Speaker 20>for the kind introduction and for beginning our program today

773
00:59:47.480 --> 00:59:51.119
<v Speaker 20>with acknowledgment that we are in the heart of Treaty

774
00:59:51.159 --> 00:59:55.480
<v Speaker 20>six territory in Alberta, in the homeland of the Mateen nation.

775
00:59:56.960 --> 00:59:59.880
<v Speaker 20>I'm pleased to be here today along with the CA,

776
01:00:00.000 --> 01:00:06.199
<v Speaker 20>Canada Infrastructure Bank, Candy Rail, and other distinguished guests. As

777
01:00:06.679 --> 01:00:10.920
<v Speaker 20>the Prime Minister has often said, Canada is currently standing

778
01:00:11.159 --> 01:00:16.519
<v Speaker 20>at a hinge moment. In response to this shift, our

779
01:00:16.639 --> 01:00:23.559
<v Speaker 20>government has elected to build stronger, more resilient, and transform

780
01:00:23.639 --> 01:00:28.639
<v Speaker 20>our industries, diversifying our trade and making Canada an energy

781
01:00:28.840 --> 01:00:31.360
<v Speaker 20>and natural resources superpower.

782
01:00:33.239 --> 01:00:35.320
<v Speaker 4>In support of our job to retool our.

783
01:00:35.320 --> 01:00:39.960
<v Speaker 20>Economy into one that can keep Canadians competitive for decades

784
01:00:40.039 --> 01:00:43.639
<v Speaker 20>to come. That is why we move quickly to pass

785
01:00:43.719 --> 01:00:48.039
<v Speaker 20>the One Canadian Economy Act, tearing down internal trade barriers

786
01:00:48.719 --> 01:00:52.719
<v Speaker 20>and resetting how we build major projects in this country.

787
01:00:54.280 --> 01:00:58.280
<v Speaker 20>And last week we officially stood up our Major Project's

788
01:00:58.320 --> 01:01:04.199
<v Speaker 20>Office on un stop shop for provinces, territories, proponents and

789
01:01:04.320 --> 01:01:09.320
<v Speaker 20>indigenous peoples to access the federal government. This means Canada

790
01:01:09.360 --> 01:01:14.000
<v Speaker 20>can spend more time building like here and less time

791
01:01:14.079 --> 01:01:19.960
<v Speaker 20>with bureaucracy. The Major Project's Office will be based right

792
01:01:20.079 --> 01:01:25.280
<v Speaker 20>here in this province, a province that exemplifies that can

793
01:01:25.480 --> 01:01:29.039
<v Speaker 20>do mentality of the projects of national interest. Did you

794
01:01:29.119 --> 01:01:35.920
<v Speaker 20>guys trademark can do There's no better place that exemplifies

795
01:01:36.440 --> 01:01:41.920
<v Speaker 20>the can do spirit than in Alberta's industrial heartland, five

796
01:01:42.039 --> 01:01:44.760
<v Speaker 20>hundred and eighty two square kilometers that hosts more than

797
01:01:44.880 --> 01:01:50.079
<v Speaker 20>forty different companies that have invested over fifty billion dollars

798
01:01:50.159 --> 01:01:59.280
<v Speaker 20>in capital to build an area that serves fuels, fertilizers, power, petrochemicals,

799
01:01:59.440 --> 01:02:04.039
<v Speaker 20>hydrogen and more and delivers it to customers around the world.

800
01:02:06.000 --> 01:02:11.000
<v Speaker 20>As Canada's largest hydrosing a hydrocarbon processing region, the most

801
01:02:11.039 --> 01:02:15.800
<v Speaker 20>advanced carbon sequestration hub, the Heartland stands at the intersection

802
01:02:15.920 --> 01:02:22.360
<v Speaker 20>of economic resiliency and environmental leadership. As the Prime Minister

803
01:02:22.519 --> 01:02:26.679
<v Speaker 20>has promised, we will have more to say about specific

804
01:02:26.760 --> 01:02:30.719
<v Speaker 20>projects soon and to bring it back to today, the

805
01:02:30.840 --> 01:02:34.599
<v Speaker 20>Canadian Infrastructure Bank will be playing a key role in

806
01:02:34.719 --> 01:02:39.320
<v Speaker 20>helping to unlock the financing needs to build large infrastructure

807
01:02:39.360 --> 01:02:45.519
<v Speaker 20>projects across the country, including but not limited to projects

808
01:02:45.559 --> 01:02:51.400
<v Speaker 20>of national interest. The Infrastructure Bank has already demonstrated great

809
01:02:51.559 --> 01:02:57.920
<v Speaker 20>value in its mission to build Canada strong. The cib's

810
01:02:58.000 --> 01:03:01.360
<v Speaker 20>mandate allows us to take risks that the private sector

811
01:03:01.440 --> 01:03:06.159
<v Speaker 20>alone would need to take more time to do. This

812
01:03:06.320 --> 01:03:10.239
<v Speaker 20>helps us get big projects built, contributes to our GDP

813
01:03:11.199 --> 01:03:17.360
<v Speaker 20>creates good paying jobs, boosts productivity, and moves US faster

814
01:03:17.760 --> 01:03:22.679
<v Speaker 20>on behalf of all Canadians. This one hundred million dollar

815
01:03:22.840 --> 01:03:26.079
<v Speaker 20>loan to Candy Rail to expand the rail capacity is

816
01:03:26.159 --> 01:03:30.519
<v Speaker 20>a perfect example of the kind of investments Canada needs

817
01:03:30.599 --> 01:03:35.880
<v Speaker 20>more of. Through the cib's Trade and Transportation Financing tool,

818
01:03:36.519 --> 01:03:41.679
<v Speaker 20>this investment will catalyze stronger, more efficient trade cords that

819
01:03:41.840 --> 01:03:48.480
<v Speaker 20>help Canadian business stay competitive at home and abroad. This

820
01:03:48.679 --> 01:03:52.920
<v Speaker 20>investment in the Sturgeon West Terminal is expected, as we heard,

821
01:03:53.280 --> 01:03:57.599
<v Speaker 20>to double the terminal's capacity, adding up to twenty five

822
01:03:57.719 --> 01:04:01.960
<v Speaker 20>hundred new rail car storage act spaces and up to

823
01:04:02.480 --> 01:04:06.079
<v Speaker 20>one thousand and fifty spaces on arrival and departure tracks.

824
01:04:07.400 --> 01:04:10.880
<v Speaker 20>In addition, this investment will help to create up to

825
01:04:11.039 --> 01:04:15.360
<v Speaker 20>fifty new local, good paying jobs right here in Edmonton

826
01:04:15.960 --> 01:04:18.920
<v Speaker 20>and contribute to twenty two point three million annually of

827
01:04:19.039 --> 01:04:25.760
<v Speaker 20>GDP for the area. Supporting strategically important rail corridors is

828
01:04:26.000 --> 01:04:30.880
<v Speaker 20>essential to our strategy to build Canada strong. These corridors

829
01:04:31.000 --> 01:04:36.039
<v Speaker 20>ensure Canadian commodities move quickly and efficiently to ports and

830
01:04:36.159 --> 01:04:41.760
<v Speaker 20>global markets, reinforcing our reputation as a reliable trading partner

831
01:04:42.320 --> 01:04:47.079
<v Speaker 20>and allowing us to diversify our global customer base. I

832
01:04:47.119 --> 01:04:50.440
<v Speaker 20>would like to take this opportunity to congratulate the Canada

833
01:04:50.480 --> 01:04:54.800
<v Speaker 20>Infrastructure Bank and Canada Rail for achieving financial clothes on

834
01:04:54.920 --> 01:05:00.639
<v Speaker 20>this project. By working together, you are significantly enhancing critical

835
01:05:00.719 --> 01:05:08.480
<v Speaker 20>supply chain that will bring greater prosperity and economomic opportunity

836
01:05:10.039 --> 01:05:15.400
<v Speaker 20>in the West through a strong public private partnership. This

837
01:05:15.599 --> 01:05:18.760
<v Speaker 20>is exactly the kind of progress our government is committed

838
01:05:18.800 --> 01:05:25.159
<v Speaker 20>to delivering a stronger, more resilient economy that works for

839
01:05:25.320 --> 01:05:30.320
<v Speaker 20>Western Canada and for all Canadians for not just the

840
01:05:30.400 --> 01:05:34.039
<v Speaker 20>next four years, but the next forty years. Thank you

841
01:05:34.199 --> 01:05:35.400
<v Speaker 20>very much, Mercy.

842
01:05:48.440 --> 01:05:48.679
<v Speaker 19>Thank you.

843
01:05:48.760 --> 01:05:53.360
<v Speaker 21>Minister is the miclife it is thank you. My name

844
01:05:53.440 --> 01:05:55.519
<v Speaker 21>is John Kassola and I'm the candidate for Special Banks

845
01:05:55.639 --> 01:05:59.960
<v Speaker 21>Chief Investment Officer. It's my extreme pleasure to be here

846
01:06:00.119 --> 01:06:02.880
<v Speaker 21>today at Edmonton to join Minister Hodgson and Brian and

847
01:06:02.960 --> 01:06:08.920
<v Speaker 21>the entire CANDO team to really celebrate the completion of

848
01:06:09.079 --> 01:06:12.559
<v Speaker 21>a very important project. Minister, thank you for being here

849
01:06:13.280 --> 01:06:16.119
<v Speaker 21>and for your continued support of the CIB, and thank

850
01:06:16.199 --> 01:06:18.599
<v Speaker 21>you Brian for taking time away from a busy investor day.

851
01:06:18.719 --> 01:06:20.599
<v Speaker 21>We have been part of that since this morning so

852
01:06:20.760 --> 01:06:25.440
<v Speaker 21>we know everything that's going on. Much appreciated. As a

853
01:06:25.519 --> 01:06:28.840
<v Speaker 21>minister mentioned, the Candida Infrastructure Bank came to the table

854
01:06:28.920 --> 01:06:31.559
<v Speaker 21>with one hundred million dollar investment for can Do and

855
01:06:31.719 --> 01:06:35.760
<v Speaker 21>we recently closed the deal and there's work underway at

856
01:06:35.840 --> 01:06:38.920
<v Speaker 21>the terminal. We saw that firsthand this morning when we

857
01:06:39.039 --> 01:06:44.039
<v Speaker 21>got a tour. Fantastic to see lots of skilled trades

858
01:06:44.079 --> 01:06:47.840
<v Speaker 21>people are moving stuff around with big, heavy machinery. No

859
01:06:47.960 --> 01:06:51.599
<v Speaker 21>sign of city slicker here and you can see the

860
01:06:51.679 --> 01:06:54.760
<v Speaker 21>actual progress being made. At the end of the day,

861
01:06:55.039 --> 01:06:58.599
<v Speaker 21>the new West facility means more haulage and storage capacity

862
01:06:58.679 --> 01:07:04.559
<v Speaker 21>for producers operating in the Alberta's industrial heartland. This is

863
01:07:04.599 --> 01:07:07.239
<v Speaker 21>where I will I will straight from the script because

864
01:07:07.239 --> 01:07:10.000
<v Speaker 21>a lot of it's already been said, but I do

865
01:07:10.199 --> 01:07:12.800
<v Speaker 21>want to say that having listened to Brian and his

866
01:07:12.920 --> 01:07:17.360
<v Speaker 21>investor presentations this morning, is very passionate, I think, in

867
01:07:17.519 --> 01:07:22.280
<v Speaker 21>thoughtful remarks on can Do strategy to date, the success

868
01:07:22.400 --> 01:07:27.119
<v Speaker 21>they've achieved and the plans for future success. It really

869
01:07:27.280 --> 01:07:31.280
<v Speaker 21>gave us a strong feeling that we made a very

870
01:07:31.400 --> 01:07:35.119
<v Speaker 21>positive investment that's going to result in positive outcomes.

871
01:07:35.599 --> 01:07:36.800
<v Speaker 20>Because at the end of the day, what.

872
01:07:36.880 --> 01:07:39.840
<v Speaker 21>I'm convinced of after listening and speaking listening to and

873
01:07:39.920 --> 01:07:44.079
<v Speaker 21>speaking with management, touring the facility, learning more firsthand about

874
01:07:44.119 --> 01:07:47.960
<v Speaker 21>their operations, it's pretty evident to me that a strong

875
01:07:48.039 --> 01:07:52.400
<v Speaker 21>and successful can do means strong and successful companies in

876
01:07:52.480 --> 01:07:57.280
<v Speaker 21>Alberta's industrial heartland, means jobs, means strength to the economy.

877
01:07:57.400 --> 01:07:59.960
<v Speaker 21>At the end of the day, all of that means

878
01:08:00.400 --> 01:08:03.400
<v Speaker 21>it's good for Canada. So anything we could do to

879
01:08:03.519 --> 01:08:07.800
<v Speaker 21>help accelerate the timeline means getting goods to market faster

880
01:08:09.199 --> 01:08:11.960
<v Speaker 21>in a more economical and efficient way, and that's just

881
01:08:12.039 --> 01:08:15.599
<v Speaker 21>a win for everybody. So thank you again for involving

882
01:08:15.679 --> 01:08:18.920
<v Speaker 21>us in the proceedings today, and we look forward to

883
01:08:19.000 --> 01:08:21.199
<v Speaker 21>touring the terminal again when it's completed.

884
01:08:21.560 --> 01:08:26.000
<v Speaker 19>Thank you. Okay, I'll take that. So, actually it's a

885
01:08:26.039 --> 01:08:26.880
<v Speaker 19>combination of both.

886
01:08:27.279 --> 01:08:28.119
<v Speaker 4>Were totally frank with you.

887
01:08:28.359 --> 01:08:31.239
<v Speaker 19>So when you look at the it was a delay

888
01:08:31.359 --> 01:08:35.319
<v Speaker 19>on their investment, which was for internal reasons if you

889
01:08:35.399 --> 01:08:39.439
<v Speaker 19>read the public statements in that sense. We looked at

890
01:08:39.479 --> 01:08:42.000
<v Speaker 19>it and they made a decision to delay it for

891
01:08:42.079 --> 01:08:46.039
<v Speaker 19>two years. I don't want to get into confidential information

892
01:08:46.199 --> 01:08:48.439
<v Speaker 19>or anything along that line, but I do see it

893
01:08:48.520 --> 01:08:52.199
<v Speaker 19>as a delay of two years. So push aside all

894
01:08:52.239 --> 01:08:55.000
<v Speaker 19>the plastic pellets that they wish to send up through

895
01:08:55.039 --> 01:08:57.800
<v Speaker 19>Prince Rupert and everything else along that line we can export.

896
01:08:58.640 --> 01:09:04.039
<v Speaker 19>There are other customers, Imperial Oil itself, Suncore Pamena is

897
01:09:04.119 --> 01:09:08.479
<v Speaker 19>right next door. When I look at Fort Saskatchewan and

898
01:09:08.720 --> 01:09:11.920
<v Speaker 19>Sturgeon County, when I look at the possibility of a

899
01:09:11.960 --> 01:09:16.560
<v Speaker 19>blue hydrogen location being built there. So when we map

900
01:09:16.640 --> 01:09:19.119
<v Speaker 19>through it, and I think, this is what's most important,

901
01:09:19.399 --> 01:09:24.239
<v Speaker 19>and this is where most people forget. Our infrastructure is

902
01:09:24.399 --> 01:09:27.560
<v Speaker 19>minimum fifty years and really truly it's here for one

903
01:09:27.640 --> 01:09:32.560
<v Speaker 19>hundred years. Publicly traded companies may do things for quarterly

904
01:09:32.680 --> 01:09:35.600
<v Speaker 19>statements and everything else. We're a private company. We look

905
01:09:35.640 --> 01:09:37.199
<v Speaker 19>at it and we say we're here for forty or

906
01:09:37.239 --> 01:09:41.079
<v Speaker 19>fifty years. So while there's a delay, that's fine. We

907
01:09:41.239 --> 01:09:44.680
<v Speaker 19>work through that delay with that particular customer the other customers.

908
01:09:45.239 --> 01:09:49.000
<v Speaker 19>And what's interesting is when we make our financial decisions,

909
01:09:49.800 --> 01:09:54.079
<v Speaker 19>it is what is my payback, when is it coming in?

910
01:09:54.239 --> 01:09:57.000
<v Speaker 19>How can I work through it? So my financial team,

911
01:09:57.039 --> 01:10:00.319
<v Speaker 19>my commercial team has already worked through that. Yes, the

912
01:10:00.439 --> 01:10:04.760
<v Speaker 19>cib loan did help de risk the project in that sense,

913
01:10:05.279 --> 01:10:08.239
<v Speaker 19>but still it will be customer paid for in the

914
01:10:08.479 --> 01:10:11.760
<v Speaker 19>next X number of years. Whatever XS in that sense,

915
01:10:12.000 --> 01:10:17.119
<v Speaker 19>did they answer you a question. I'll hand that off

916
01:10:17.159 --> 01:10:20.600
<v Speaker 19>to John for his internal thank you thanks.

917
01:10:21.439 --> 01:10:24.000
<v Speaker 21>It's an interesting question. We actually engaged with can DO

918
01:10:24.199 --> 01:10:28.159
<v Speaker 21>some time ago. We knew what they were doing. We

919
01:10:28.319 --> 01:10:31.359
<v Speaker 21>realized the importance of these types of facilities and wanted

920
01:10:31.439 --> 01:10:34.560
<v Speaker 21>to do more to help where the help was needed.

921
01:10:34.960 --> 01:10:37.640
<v Speaker 21>Emphasis on where the help was needed. So we engaged

922
01:10:37.640 --> 01:10:39.960
<v Speaker 21>in some discussions with the can Do team, and at

923
01:10:40.039 --> 01:10:43.439
<v Speaker 21>the time that was before the Dow decision to delay it,

924
01:10:44.039 --> 01:10:47.359
<v Speaker 21>and so effectively we came to the mutual decision that

925
01:10:47.479 --> 01:10:49.439
<v Speaker 21>there was really no need for that kind of help

926
01:10:49.479 --> 01:10:52.159
<v Speaker 21>from the Government of Canada and from CIB because the

927
01:10:52.279 --> 01:10:56.359
<v Speaker 21>Dow contract would essentially have paid for it and didn't

928
01:10:56.439 --> 01:10:59.039
<v Speaker 21>need us, and our mission is to basoft to where

929
01:10:59.039 --> 01:11:02.800
<v Speaker 21>there's a need, and so we all agreed that didn't

930
01:11:02.840 --> 01:11:06.600
<v Speaker 21>make sense in that case. Fast forward to Dow's decision.

931
01:11:07.199 --> 01:11:09.000
<v Speaker 21>All of a sudden, you heard Brian talk about de

932
01:11:09.159 --> 01:11:12.359
<v Speaker 21>risking there They're then said his decision was, we can

933
01:11:12.399 --> 01:11:14.840
<v Speaker 21>delay this thing for another two years, or we can

934
01:11:14.880 --> 01:11:16.319
<v Speaker 21>take a little bit of a risk that it'll come

935
01:11:16.359 --> 01:11:18.840
<v Speaker 21>on and hopefully the candidate Infrastructure Bank will help us

936
01:11:18.920 --> 01:11:22.119
<v Speaker 21>with that and in the meantime, serve the existing customers

937
01:11:22.159 --> 01:11:25.119
<v Speaker 21>where there's existing demand and lots of room for expansion.

938
01:11:25.399 --> 01:11:29.520
<v Speaker 21>So that's the risk that was created by the delayed decision,

939
01:11:29.680 --> 01:11:31.800
<v Speaker 21>and that's when we stepped up to try and be helpful.

940
01:11:31.960 --> 01:11:33.079
<v Speaker 21>I hope that answers your question.

941
01:11:41.680 --> 01:11:42.760
<v Speaker 19>That was.

942
01:11:56.800 --> 01:11:59.479
<v Speaker 20>So I I learned a long time ago. I don't

943
01:12:00.119 --> 01:12:02.000
<v Speaker 20>I don't keep my job if I get out ahead

944
01:12:02.039 --> 01:12:10.000
<v Speaker 20>of my boss. A reporter has reported something. You haven't

945
01:12:10.039 --> 01:12:14.199
<v Speaker 20>heard that from the government. You have not heard that

946
01:12:14.279 --> 01:12:17.720
<v Speaker 20>from the federal government. I'm not going to get out

947
01:12:17.720 --> 01:12:18.520
<v Speaker 20>in front of my boss.

948
01:12:19.279 --> 01:12:25.159
<v Speaker 5>A lot of words, I mean.

949
01:12:31.760 --> 01:12:37.560
<v Speaker 20>Stute, So I want to be clear. I'm not going

950
01:12:37.640 --> 01:12:40.479
<v Speaker 20>to comment on whether there's a pipeline on the list

951
01:12:40.560 --> 01:12:45.319
<v Speaker 20>tomorrow or not. What I can tell you is that

952
01:12:46.319 --> 01:12:49.000
<v Speaker 20>all of the premiers and the Prime Minister are committed

953
01:12:49.000 --> 01:12:54.680
<v Speaker 20>to growing Canada. We have talked extensively, starting back in

954
01:12:54.800 --> 01:13:01.600
<v Speaker 20>Saskatoon at the First Minister's Conference, about a whole range

955
01:13:01.800 --> 01:13:06.279
<v Speaker 20>of projects to build Canada strong. It covers everything from

956
01:13:08.800 --> 01:13:15.720
<v Speaker 20>rail roads, ports, renewable energy, conventional energy. I could keep going.

957
01:13:17.640 --> 01:13:22.840
<v Speaker 20>We have to focus, ladies and gentlemen. We're in a

958
01:13:22.920 --> 01:13:27.119
<v Speaker 20>hinge moment. The United States has decided to change the

959
01:13:27.199 --> 01:13:30.960
<v Speaker 20>way the world trades. We are going to integrate into

960
01:13:30.960 --> 01:13:35.000
<v Speaker 20>the global economy. We have to respond to that. We

961
01:13:35.119 --> 01:13:37.840
<v Speaker 20>didn't ask for this trade war, but we need to

962
01:13:37.920 --> 01:13:41.520
<v Speaker 20>respond to this trade war. And that's exactly what we're

963
01:13:41.560 --> 01:13:46.920
<v Speaker 20>doing by taking our destiny into our hands. A project

964
01:13:47.119 --> 01:13:52.800
<v Speaker 20>like this is the perfect example. I've been coming to

965
01:13:53.000 --> 01:13:57.560
<v Speaker 20>Alberta for business for thirty five years. This is the

966
01:13:57.680 --> 01:14:02.680
<v Speaker 20>most entrepreneurial place in the world. There are more people

967
01:14:02.800 --> 01:14:06.640
<v Speaker 20>figuring out how to do business around here than anywhere

968
01:14:06.680 --> 01:14:08.439
<v Speaker 20>else I've ever been.

969
01:14:09.479 --> 01:14:11.319
<v Speaker 1>This is a can do place.

970
01:14:11.399 --> 01:14:14.199
<v Speaker 20>And I think you said your motto isn't this is

971
01:14:14.279 --> 01:14:17.239
<v Speaker 20>just a name, It's an attitude. That is an attitude

972
01:14:17.279 --> 01:14:24.359
<v Speaker 20>in this province. Because another country decides to disrupt the economy,

973
01:14:24.439 --> 01:14:28.920
<v Speaker 20>because another country decides to charge for access to their market,

974
01:14:29.399 --> 01:14:32.560
<v Speaker 20>we're not going to let them slow us down. So

975
01:14:33.159 --> 01:14:37.720
<v Speaker 20>when you have a project to do that, somebody else's

976
01:14:37.800 --> 01:14:41.119
<v Speaker 20>actions is causing a disruption. If we can step in

977
01:14:41.319 --> 01:14:44.920
<v Speaker 20>with a solution that gets that built, so Alberta can

978
01:14:45.000 --> 01:14:48.760
<v Speaker 20>get on with doing more, and instead of having forty

979
01:14:48.840 --> 01:14:52.960
<v Speaker 20>companies in the heartland, have sixty companies or eighty companies

980
01:14:53.359 --> 01:14:54.079
<v Speaker 20>that's what we're going to do.

981
01:15:26.119 --> 01:15:30.960
<v Speaker 1>The show has been produced by Depictions Media. Please contact

982
01:15:31.119 --> 01:15:34.880
<v Speaker 1>us at depictions dot media for more information.