Arnold Schwarzenegger: ‘No one gives a s— about’ climate change — this is what it should be called instead
Austrian-US actor, filmmaker, politician and activist Arnold Schwarzenegger gives a speech during the opening ceremony of the R20 Regions of Climate Action Austrian World Summit in Vienna, Austria, on May 28, 2019.
Georg Hochmuth | Afp | Getty Images
Arnold Schwarzenegger says the global effort to mitigate the effects of climate change is being crippled by its fundamental communication problem.
“As long as they keep talking about global climate change, they are not gonna go anywhere. ‘Cause no one gives a s— about that,” Schwarzenegger told CBS’ “Sunday Morning” correspondent Tracy Smith in a profile that aired Sunday.
“So my thing is, let’s go and rephrase this and communicate differently about it and really tell people — we’re talking about pollution. Pollution creates climate change, and pollution kills,” Schwarzenegger said.
The 75-year-old bodybuilder, actor, and former governor of California has become a public voice about climate change through his role as the host of the Austrian World Summit, a global climate change conference.
“I’m on a mission to go and reduce greenhouse gases worldwide,” Schwarzenegger told CBS, “because I’m into having a healthy body and a healthy Earth. That’s what I’m fighting for. And that’s my crusade.”
Anthropogenic global warming is caused by an increase of greenhouse gases, including carbon dioxide, in the atmosphere. Carbon dioxide is released when fossil fuels such as coal and oil are burned.
As long as they keep talking about global climate change, they are not gonna go anywhere. ‘Cause no one gives a s—about that.
Arnold Schwarzenegger
Bodybuilder, actor, former governor of California
The momentum toward fighting climate change has grown in recent years. The global investment in producing clean energy — that is, energy that doesn’t generate greenhouse gases — is surpassing the global investment in fossil fuels, according to the International Energy Agency. In 2023, $1.7 trillion is expected to go into clean technologies, including renewables, electric vehicles, nuclear power, grids, storage, low-emissions fuels, efficiency improvements and heat pumps. That’s more than the approximately $1 trillion expected to go into coal, gas and oil, the IEA said in a report released Thursday.
Still, the emissions generated from energy globally are still rising, although by only 1% in 2022, which was less than feared, the IEA said in March.
With global carbon emissions at record highs, there is a 50% chance that in nine years global warming will exceed the target of 1.5 degrees Celsius above pre-industrial levels that was established by the Paris Climate Accord, according to the annual update published in November by the Global Carbon Project, an international scientific collaboration that measures carbon emissions.
Efforts to address climate change have increased substantially but are still insufficient.
In the United States, 54% of adults view climate change as a major threat to the country’s well-being, according to survey data from Pew Research Center. That nationwide average includes a substantial split along party lines. Almost 8 in 10 Democrats, 78%, say climate change is a major threat to the country’s well-being, and that’s up from 58% a decade ago. Meanwhile, only about 1 in 4 Republicans, 23%, say climate change is a major threat to the country’s well-being. That’s nearly unchanged from the 22% of Republicans who said climate change was a major threat in 2013, according to Pew Research Center data.
On May 16, USA Today published an op-ed Schwarzenegger wrote in which he called for the environmental movement to adapt to changing times, which he said includes rebranding of communications surrounding climate change and embracing growth that involves clean energy projects.
“We need a new environmentalism based on building and growing and common sense. Old environmentalism was afraid of growth. It hated building. Many of you know this style — protesting every new development, chaining yourself to construction equipment, and using lawsuits and permitting to slow everything down,” Schwarzenegger wrote in the op-ed.
“[T]oday I call for a new environmentalism, based on building the clean energy projects we need as fast as we can. We have to build, build, build,” Schwarzenegger wrote.
Meta approached artificial intelligence startup Perplexity AI about a potential takeover bid before ultimately investing $14.3 billion into Scale AI, CNBC confirmed on Friday.
The two companies did not finalize a deal, according to two people familiar with the matter who asked not to be named because of the confidential nature of the negotiations.
One person familiar with the talks said it was “mutually dissolved,” while another person familiar with the matter said Perplexity walked away from a potential deal.
Bloomberg earlier reported the talks between Meta and Perplexity. Perplexity declined to comment. Meta did not immediately respond to CNBC’s request for comment.
Meta’s attempt to purchase Perplexity serves as the latest example of Mark Zuckerberg‘s aggressive push to bolster his company’s AI efforts amid fierce competition from OpenAI and Google parent Alphabet. Zuckerberg has grown agitated that rivals like OpenAI appear to be ahead in both underlying AI models and consumer-facing apps, and he is going to extreme lengths to hire top AI talent, as CNBC has previously reported.
Meta now has a 49% stake in Scale after its multibillion-dollar investment, though the social media company will not have any voting power. Scale AI’s founder Alexandr Wang, along with a small number of other Scale employees, will join Meta as part of the agreement.
Earlier this year, Meta also tried to acquire Safe Superintelligence, which was reportedly valued at $32 billion in a fundraising round in April, as CNBC reported on Thursday.
Daniel Gross, the CEO of Safe Superintelligence, and former GitHub CEO Nat Friedman are joining Meta’s AI efforts, where they will work on products under Wang. Gross runs a venture capital firm with Friedman called NFDG, their combined initials, and Meta will get a stake in the firm.
OpenAI CEO Sam Altman said on the latest episode of the “Uncapped” podcast, which is hosted by his brother, that Meta had tried to poach OpenAI employees by offering signing bonuses as high as $100 million with even larger annual compensation packages.
“I’ve heard that Meta thinks of us as their biggest competitor,” Altman said on the podcast. “Their current AI efforts have not worked as well as they have hoped and I respect being aggressive and continuing to try new things.”
–CNBC’s Kate Rooney contributed to this report
Omar Marques | Lightrocket | Getty Images
Ether ETFs have finally come to life this year after some started to fear they may be becoming zombie funds.
Collectively, the funds tracking the price of spot ether are on pace for their sixth consecutive week of inflows and eight positive week in the last nine, according to SoSoValue.
The second largest cryptocurrency has become more attractive to institutions in recent weeks largely due to recent regulatory momentum in the U.S. around stablecoins – many of which run on the Ethereum network – the successful IPO of Circle, the issuer of the second-largest stablecoin; and new leadership at the Ethereum Foundation.
“What we’re seeing is institutional recalibration,” said Ben Kurland, CEO at crypto charting and research platform DYOR. “After the initial ETH ETF approval fizzled without a price pop, smart money started quietly building positions. They’re betting not on price momentum but on positioning ahead of utility unlocks like staking access, options listings, and eventually inflows from retirement platforms.”
The first year of ether ETFs, which launched in July 2024, has been characterized by weak demand. While the funds have had spikes in inflows, they’ve trailed far behind bitcoin ETFs in both inflows and investor attention – amassing about $3.9 billion in net inflows since listing versus bitcoin ETFs’ $36 billion in their first year of trading.
“With increasing acceptance of crypto on Wall Street, especially now as a means for payments and remittances, investors are being drawn to ETH ETFs,” said Chris Rhine, head of liquid active strategies at Galaxy Digital.
Additionally, he added, the CME basis on ether – or the price difference between ether futures and the spot price – is higher than that of bitcoin, giving arbitrageurs an opportunity to profit by going long on ether ETFs while shorting futures (a common trading strategy) and contributing to the uptrend in ether ETF inflows.
Ether (ETH) 1 month
Despite the uptrend in inflows, the price of ether itself is negative for this month and flat over the past month.
For the year, it’s down 25% as it’s been suffering from an identity crisis fueled by uncertainty about Ethereum’s value proposition, weaker revenue since its last big technical upgrade and increasing competition from Solana. Market volatility driven by geopolitical uncertainty this year has not helped.
In March, Standard Chartered slashed its ether price target by more than half. However, the firm also said the coin could still see a turnaround this year.
Since last week’s big spike in inflows, they’ve “slowed but stayed net positive, suggesting conviction, not hype,” Kurland said. “The market looks like a heart monitor, but the buyers are treating it like a long-term infrastructure bet.”
A motorcycle is seen near a building of the Taiwan Semiconductor Manufacturing Company (TSMC), which is a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on April 16, 2025.
Daniel Ceng | Anadolu | Getty Images
Semiconductor stocks declined Friday following a report that the U.S. is weighing measures that would terminate waivers allowing some chipmakers to send American technology to China.
Commerce Department official Jeffrey Kessler told Samsung Electronics, SK Hynix and Taiwan Semiconductor this week that he wanted to cancel their waivers, which allow them to send U.S. chipmaking tech to their factories in China, the Wall Street Journal reported, citing people familiar with the matter.
The VanEck Semiconductor ETF declined about 1%. Nvidia, Qualcomm and Marvell Technology fell about 1%, while Taiwan Semiconductor slipped about 2%.
The latest reported move by the Commerce Department comes as the U.S. and China hold an unsteady truce over tariffs and trade, with chip controls a key sticking point.
The countries agreed to the framework of a second trade agreement in London days ago after relations soured following the initial tariff pause in May.
The U.S. issued several chip export changes after the May pause that rattled relations, with China calling the rules “discriminatory.”
U.S. chipmakers have been hit with curbs over the last few years, limiting the ability to sell advanced artificial intelligence chips to China due to national security concerns.
During its earnings report last month, Nvidia said the recent export restriction on its China-bound H20 chips hindered sales by about $8 billion.
Nvidia CEO Jensen Huang told investors on an earnings call that the $50 billion market in China for AI chips is “effectively closed to U.S. industry.” During a CNBC interview in May, he called getting blocked from China’s AI market a “tremendous loss.”
Read the full WSJ report here.
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