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Doesn't honor it. you pledged the $50 million the u.s. was going to pay. >> i assume they will pay. the federal government has an obligation. they made a deal they would pay. it is hard to believe america is going to renege on a commitment. if they do, i didn't want the people keeping track of all the progress america and other countries are making, i didn't want them to worry about whether or not they'd be funded. i said if the federal government doesn't, bloomberg philanthropies will commit it and other people called me and said, we'd like to help, as well. >> democrats said that the u.s. is...

More opportunities than it takes away. it is something that is in our economic interest, in the interest of our health, it is what we leave to our children. i just don't know where those numbers come from, they make them up i think, and there's just no evidence whatsoever that it hurt our environment, hurt our economy. in fact, in america the american industry in total has benefitted greatly from all of the things we're doing. and you see even big companies like exxonmobile running full page ads in newspapers urging the president to have america work with other countries and comply with cop 21...

Here who has wanted to meet you for a very long time. >> he has been asking us. >> steve rattner. >> you must be mike bloomberg. >> you used to be steve rattner. >> i didn't say you used to be mike bloomberg. >> hilarious. >> do you have a question? >> i have a question. you both were quite optimistic about what we've accomplished so far. we now have an administration in washington that at least says it wants to go in a different direction on coal, a whole bunch of environmental rules and so on. so, how worried are you? how much can they do to roll it back and what are you going to do to keep ...

It's the old tenet of teddy roosevelt. walk softly, carry a big stick. even in dip loam aerks it's useful to have a stick that's in your hand so that whether you use it or not becomes part of that conversation. >> let me ask one final question. i was meet with mr. pruitt yesterday and asked him about his view of global leadership on climate issues. he said you should have that question to the secretary of state nominee. so automati'm going to ask it t. we were in -- part of c.o.p. 21. do you agree that the united states should continue in international leadership on climate change issues with ...

Teddy roosevelt carrying a big stick. even in diplomacy it's useful to have a stick that's in your hand so that whether you use it or not it becomes part of that conversation. >> let me ask one final question. i was meeting with mr. pruitt yesterday and i asked him about his view on global leadership and climate issue. i'll ask it to you. he said we were part of cop 21. do you agree that the united states should continue in international leadership on climate change issues with the international community? >> i think it's important that