Business Weekly
Business Daily
BBC
4.4 β’ 816 Ratings
ποΈ 29 January 2022
β±οΈ 50 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
Summary
On Business Weekly this week, we look at the efforts being made to reduce the carbon footprints of mining companies. One of the largest iron ore producers, Fortescue Metals, is looking to reduce its carbon emissions and has snapped up the technology research arm of the Williams Formula One team to help them do it. Plus, we examine the continuing war on drugs and how the Mexican cartels have been taking advantage of the pandemic restrictions in the United States. Also, we ask if having one or two wealthy owners is the best route to a winning strategy for football clubs. We review the deal that the Australian government struck to buy the licence for the Aboriginal flag β now that the image is free to use, is that the end of the matter? And Bob Dylan is, once again, selling off his assets β this time, his back catalogue is going to Sony Music for an estimated $200m. Business Weekly is presented by Matthew Davies and produced by Philippa Goodrich.
Transcript
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| 0:00.0 | Hello and welcome to Business Weekly. I'm Matthew Davis. On the program this week, we take a look at the |
| 0:12.2 | continuing war on drugs and how the Mexican cartels have been taking advantage of the pandemic |
| 0:17.9 | restrictions in the United States. Also, we ask if having one or two wealthy owners is the best route to a winning strategy for football clubs, |
| 0:27.3 | and we look at the deal the Australian government struck to buy the licence for the Aboriginal flag. |
| 0:33.1 | Now that the image is free to use, is that the end of the matter? |
| 0:37.0 | First, though, the greener side of mining. |
| 0:40.2 | Now, mining is rarely seen as a particularly carbon-friendly industry, |
| 0:45.4 | but there are moves within the sector to reduce its contribution to climate change. |
| 0:50.5 | And that makes sense if the metals used to make the likes of wind turbines and solar panels |
| 0:55.6 | are extracted from the earth by a carbon heavy and environmentally damaging process, |
| 1:01.3 | in a way it defeats the whole point. |
| 1:04.1 | Some governments are helping their mining sectors go greener. |
| 1:08.0 | In South Africa, for example, the limit on companies being able to generate their |
| 1:12.0 | own electricity without a licence has been raised from one megawatt to 100, paving the way for many |
| 1:19.1 | mines to install renewable projects. So, enter Fortescue Metals, one of the world's largest |
| 1:25.9 | iron ore miners. |
| 1:31.2 | Its founder and chairman Andrew Forrest is Australia's richest man, |
| 1:34.3 | and he's very keen to invest in greener technologies. |
| 1:37.7 | Here he's talking to the BBC's Stephen Sacker. |
| 1:41.5 | If I could click a switch, Stephen, I'd have clicked that switch already. |
| 1:45.2 | Instead, I've gone wholeheartedly, I'm talking body on the line here. I've travelled everywhere. I did a PhD into this. I've been looking at it now for about 11 years |
| 1:50.7 | and now taking my whole company with me to say our future is fully green and the reason is not only |
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