[00:00.00]Under Secretary Hormats, who will head this newly formed function,
[00:04.45]said that it will be comprised of
[00:06.50]the Bureau of Oceans and International Environmental and Scientific Affairs,
[00:10.31]led by Assistant Secretary Kerri-Ann Jones;
[00:12.98]the Bureau of Economic and Business Affairs,
[00:16.01]led by Assistant Secretary Jose Fernandez;
[00:18.38]the Bureau of Energy Resources,
[00:20.70]led by Secretary Clinton's Coordinator for international energy, Carlos Pascual;
[00:25.20]and the Office of the Science and Technology Advisor,
[00:28.26]led by a distinguished scientist, Dr. Bill Colglazier.
[00:32.59]"Finally, we're going to establish the
[00:34.33]Office of the Chief Economist of the State Department,"
[00:36.81]Under Secretary Hormats said.
[00:38.44]"We haven't selected the individual yet, but this will be a person
[00:41.65]who both understands economic and financial issues,
[00:44.77]and how they relate to our broader foreign policy."
[00:47.46]"This announcement is to implement
[00:49.40]Secretary Clinton's commitment to environmental sustainability,
[00:52.78]to energy security as fundamental elements in our overall foreign policy,"
[00:57.66]Under Secretary Hormats concluded,
[00:59.92]"We understand that we're in a resource-constrained world
[01:03.00]and we think that this combination of
[01:05.40]cross-fertilization and mutually reinforcing elements
[01:09.14]is going to be a good way of utilizing our human resources
[01:13.22]and our financial resources more efficiently."
[01:16.56]