When it comes to addressing climate change, the Earth's oceans need to have a larger role in our efforts to combat the crisis, according to Phillippe and Ashlan Cousteau, co-authors of Oceans for Dummies, and the sea is in fact "central" to the discussion.
"When you think about our planet, 71 percent is ocean, so right there we have a lot of space to cover. And really, our ocean has done us a huge service by actually absorbing about a third of the carbon emissions that we have put into our atmosphere through the burning of fossil fuels," Ashlan Cousteau said.
She explained that while the ocean acts as one of our first lines of defense, it has become overwhelmed, the waters have become acidic, and as a result, crucial resources at the bottom of the food chain have been significantly impacted.
The couple also agreed that one of the biggest misconceptions about the ocean is that it's "too big to fail" but in reality, it is already failing. One of the biggest indicators that the oceans are in dire need of restoration is the fact that they are warming.
"In some cases, we talk about climate 'weirding' or certainly climate change, it's because of the function of the ocean and how it moves heat around the planet. As it's warming, that is being impeded and thus our entire planet is changing with disastrous consequences," noted Phillippe, the grandson of legendary undersea explorer Jacques Cousteau.
Furthermore, not only are humans distorting the physical makeup of the ocean, we are also depleting food resources through excessive fishing, said the duo.
The couple heads up the nonprofit organization EarthEcho International where the mission is to empower global youth populations and educate them so they can set out to "restore and protect the ocean and planet."
"Fundamentally, what it's about is recognizing the next generation is optimistic and determined, and we can't build an effective global environmental movement and grow that movement without targeting education and youth empowerment," Phillippe said.
As President Joe Biden hosts world leaders in a virtual climate summit to establish goals to keep warming at bay, the Cousteaus are hoping the role oceans play in the fight against climate change gets prioritized.
"I think that a lot of times the ocean has been left out of our planet conversation, out of our save the planet, and out of the climate crisis," Ashlan said. "So, we really do hope that people are coming around, and we think that they are. Literally, there is a wave of people that see the ocean now as one of our best ways to save us."
U.S. stocks closed Friday at session lows after May CPI data showed inflation in the U.S. has not peaked and is still rising rapidly. For the week, the S&P fell 5.06%, the Dow lost 4.58%, and the Nasdaq dropped 5.60%, marking the worst week since January for all three major indexes. Mike Zigmont, Head of Trading and Research at Harvest Volatility Management, joins Cheddar News' Closing Bell to discuss.
Benefits brokerage, Nava Benefits, raised $40 million in a Series B round. Nava says it's on a mission to fix healthcare, one benefits plan at a time. The startup is working to bring benefits to small business that are normally available to only Fortune 500 companies. Brandon Weber, Co-Founder and CEO of Nava Benefits, joined Cheddar News' Closing Bell to discuss.
The House Select Committee investigating the Jan. 6 riots on Capitol Hill held its first primetime hearing on Thursday. Cheddar News speaks with legal analyst Tracy Pearson, who breaks down the biggest takeaways.
Fuel and oil prices have risen almost 17 percent since May, making the national gas prices reach nearly $5 a gallon. Andrew Lipow from consulting firm Lipow Oil Associates joined Cheddar News to discuss the future of gas prices. "The biggest issue on the oil market is really events that are beyond our control, which is what is happening over in Europe," he said, regarding the ongoing Russia Ukraine war. Lipow also said he predicted gas prices to hit $5.05 and that he's focused on the Biden administration's overtures in repairing a relationship with Saudi Arabia.
March For Our Lives will be returning this weekend to Washington, DC, in the wake of the recent mass shooting seen throughout the country. Marchers include Yolanda Renee King, the only granddaughter of Martin Luther King Jr. She joined Cheddar News to discuss the importance of the march and activism in general. "I just think that it's so important to have these rallies because we need to demand to our leaders and politicians that they pass legislation and that and we actually need to see action," she said.
Erika Alexander and Whitney Dow, directors of 'The Big Payback,' join Cheddar News to discuss their new film, 'The Big Payback.' It premieres Saturday, June 11 at the Tribeca Festival.
President Biden proposed a new rule that would add 500,000 chargers for electric vehicles nationwide. The proposal comes amid the rapid shift to EVs with dozens of automakers announcing plans for all-electric fleets within the next decade. But with the new surge will the U.S. have the proper infrastructure to keep up? Scott Painter, founder and CEO of Autonomy.com joined Cheddar's Opening Bell to discuss. "I really think the idea of standardization is a big deal. Standardization certainly makes it much better for everybody to be able to get a charge when they need one," he said.
The House select committee investigating the January 6th riots on Capitol Hill is opening its landmark series of public hearings. Cheddar News speaks with Mike Sozan, senior fellow at the Center for American Progress who explains how to follow the hearings and what to expect.