We have this principal that we don't touch that produces returns, social, economic and ecological.

So there is spill over there are benefits beyond the boundaries of these reserves that help people around them, while at the same time the reserve is protecting the entire habitat.

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I'll just abbreviate that as Nl.

And it was primarily because Kiribati realized that this was in their own self interest to do this.

This is really important to pay attention to, because so many people say, oh, a company made this much.

And at least it'll give you a sense of how revenues, gross profit, operating profit, pre tax income and net income really are different.

Their parents might be living in China. gt gt Pat

And when people talk about earnings of a company, this is what they're talking about.

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Of murder of mark young. I want protection.

Minus 500,000.

This is what the owners of the company get before they pay the government.

(Laughter) But I know it's the bottom line, or one's perception of it, that motivates people in the end.

I'm not a charity commissioner.

EPA ! EPA !

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Protect channel with a password.

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Giving WikiLeaks protection by a political party

Yeah, we'll keep him safe.

The wall is secure, sir.

But here you see it means very, very different things.

Second, we need to redesign our governance so conservation efforts can be decentralized, so conservation efforts don't depend on work from NGOs or from government agencies and can be created by the local communities,

Kill the goose that lays the golden eggs.

And that's what these brands did.

Go ahead, eat.

So you've probably heard not only the term earnings, you've probably also heard the term earnings per share.

They buy more of your service and they tell more of their friends, which leads to more profit.

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So I understand that you have requested placing

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Our interests clash with theirs.

If you look at the lens of public wealth as against the lens of private profits, you get a completely different answer, which is clearly conservation makes more sense, and not destruction.

It's good for everybody.

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Preserve the timeline.

Protect the refugees!

Protecting you.