Natural Resources committee  It seems to me that a good government combines the two without making too much of a fuss of what label to put on their policies, so if you build infrastructure that lasts, that is resilient, that could withstand the risks associated with a natural disaster or that can cope with t

Natural Resources committee  The first thing is that there are so many things that have to be combined. I don't want to have a conversation about renewables versus gas. These technologies need to be combined. We need a tremendous amount of energy supply. A lot of our debates are trivial. We need to have a

Natural Resources committee  Well, it's nice to see you again, David, too. I feel the starting point for this is to do with competitiveness. Much of our debate on competitiveness is being based around the idea that labour productivity, the standard definitions of competitiveness between nations, do not incl

Natural Resources committee  Yes.

Natural Resources committee  I think there are three things. I'll try to go through them as briefly as possible. One, there is still some scope for procurement. Saying very clearly what you want produces a market response. Investors and entrepreneurs want to know a market space they can pitch into, particu

Natural Resources committee  I think the best way to figure it out is to have a look at how the marketplaces in growing economies are forming around resource efficiency and clean energy. This is not an either/or strategy. There's still plenty of opportunity to sell fossil fuels for a generation, but if you l

Natural Resources committee  It's a pleasure.

Natural Resources committee  Your first question provides me with an opportunity to say something I think is blindingly obvious, namely, that all governments everywhere must make climate change a priority issue, even if it's difficult to do in times of economic hardship, even if it requires cooperation with

Natural Resources committee  How about that? Is that better?

Natural Resources committee  Okay.

Natural Resources committee  Thank you very much, and thank you very much for inviting me to speak to your committee today. My name is James Cameron, and I am the founder and chairman of an enterprise called Climate Change Capital. We are an asset management and advisory business focused on the climate cha

Natural Resources committee  Yes, I can. Thank you very much.