Discover video-sourced quotes by politicians

Gavin Newsom: “Climate risk is financial risk. You can't insure it.”

Featuring: Gavin Newsom, Democratic | Governor of California

Governor Newsom highlights key investments in firefighting technology

Published July 21, 2026 | Video Starts at 34:49

I'll continue to remind people, and not just in, you know, folks up there in paradise, but Grizzly Flats, Greenville places wiped off the map, lifestyles, traditions impacted. It's about culture, it's about people, and it's also about the economy. Climate risk is financial risk. You can't insure it. And so I hope people start connecting dots, not just to the fires, not just the acuity of the crisis as it relates to the impacts we're feeling and the … (34:49–34:54)

CLAIM

Asserts that climate risk equates to financial risk and is uninsurable.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

Discover more from

Gavin Newsom

“Last September we launched that first satellite. We did launch that first DAM satellite.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 26:32-26:38
“Our own three additional satellites are up there. There will be more shortly.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 26:37-26:43
“Largest civilian aerial firefighting fleet in the world, the seven C130s, four that are operational.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 27:58-28:06
“We're the first state in the Nation to lead SB53 with regulating frontier models, large language models.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 36:44-36:53
“5.5 million Californians are eligible for a college and career savings account, the first in the nation.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 39:21-39:29
“We've got $124 trillion of generational wealth that's going to pass over the next few decades.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 59:06-59:13
“Most of our resources are deployed in other states, in states like Texas to help with the floods.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 25:26-25:38
“100 apparatus up in Oregon alone in our support of that mutual aid system.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 25:40-25:48
“We have doubled the size of Cal Fire, about 11,500 personnel.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 27:39-27:45
“Our investments, $3.8 billion in the current budget was a little over 2 billion when I started.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 27:48-27:55
“We've doubled the prescribed Burns since 2021.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 28:41-28:46
“We've 10x'd our vegetation and forest management.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 28:59-29:03
“3.7 million now have been treated in the last number of years.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 29:38-29:43
“Unprecedented one-time investments that total $2.5 billion just in the last number of years.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 29:42-29:58
“From $20 million a year in vegetation management and annual funding to 200 million.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 29:44-29:50
“58% of the lands, I'll remind you in California are federal.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 32:25-32:30
“We have just a very small percentage, less than 5% of all of the responsibility for forest management.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 32:31-32:40
“We now are seeing other states, including just recently, Illinois, taking it a step further.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 36:55-37:01
“We've seen states like New York follow California's lead.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 37:00-37:06
“We're piloting programs to reform our WARN act, which we just highlighted, to create a new framework around unemployment insurance.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 38:00-38:10
“No evidence at the moment that [large scale job displacement] has taken shape.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 38:24-38:28
“We put a stake in the ground years and years ago.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 39:17-39:20
“Trump just recently modeled our program at the national level.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 39:28-39:34
“The $1.9 billion we put in the program and the ongoing few hundred million that we continue to provide.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 40:01-40:09
“We have created something that is unique in the nation.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 40:46-40:52
“Hyperscalers should pay their fair share, funding socialized costs up front, and any upgrades should be on their dime.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 42:16-42:47
“Large hyperscale data centers have not been the dominant investment in California over the last few decades.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 42:46-43:01
“PUC has been directed through legislation that I signed to come out with recommendations to create statewide parameters [for data centers].”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 43:41-43:52
“We had a delay, was years and years of delay in the Pentagon, and we decided enough was enough, and we finally took the assets under our own…”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 45:35-45:45
“No other state can lay claim to that kind of investment [in Cal Fire assets].”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 45:51-45:55
“We're working with the legislature to make it a felony to interfere with the election count.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 53:06-53:12
“We're verifying signatures. We have a process that's well defined.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 55:23-55:27
“I passed legislation, or we passed legislation a year ago. I signed it to compel those counts to come in faster.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 55:32-55:40
“Working with the legislature on providing additional resources to the counties to move forward more expeditiously.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 55:44-55:52
“Overwhelming majority of labor opposes the billionaires tax in California.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 58:23-58:29
“Donald Trump did tremendous damage with the big beautiful bill and you know, he saddled the debt issues are just, they're just outsized…”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 58:41-58:53
“Unlike states like Texas and Florida that tax their lowest wage earners more than we tax our highest wage earners.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 59:40-59:48
“The Qatari plane that includes almost a billion dollars of your taxpayer money.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 1:03:07-1:03:12
“Almost the exact same amount they withheld on Medicaid in California.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 1:03:13-1:03:18
“The sole source contracts from the Department of War that were directed to the family, the Witkoff family, the Kushner family.”
Governor Newsom highlights key investments in firefighting technology | Uploaded July 21, 2026 | 1:03:34-1:03:43