Can oil dependent countries adjust as the world shifts from fossil fuels?
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 26 May 2021
⏱️ 9 minutes
🧾️ Download transcript
Summary
England’s National Health Service is preparing to scrape the medical histories of 55m patients into a database it will share with third parties, and dozens of American companies that suspended political contributions after the US Capitol attack are sitting on $28m in unspent cash. Plus, the FT’s senior energy correspondent, Anjli Raval, explains how fossil fuel-dependent economies are vulnerable as the world shifts away from oil and gas in order to hit 2050 emissions targets.
England’s NHS plans to share patient records with third parties
https://www.ft.com/content/9fee812f-6975-49ce-915c-aeb25d3dd748?
US companies amass political funding cash pile after Capitol riot
https://www.ft.com/content/7151951f-5f1c-49fc-95f0-190ed00a4631
Climate change: oil producers face costly transitions
https://www.ft.com/editor/27b4b7f1-9b08-4406-8119-03a73fb6ce19?
Cost of breakfast up by a third since start of pandemic
https://www.ft.com/content/007bd0a0-f149-427d-937c-ec5b0ef4374d
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Transcript
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| 0:00.0 | Good morning from the Financial Times. Today is Wednesday, May 26th, and this is your FT News Briefing. |
| 0:08.8 | Privacy activists in England are upset about a plan by the NHS to give patients medical |
| 0:14.1 | histories to third parties. And those American companies that stopped making political donations |
| 0:19.6 | after the US Capitol attack, they're sitting on tens of millions of dollars in unspent cash. |
| 0:25.5 | Plus the world is moving away from fossil fuels. So what does this mean for countries that |
| 0:30.8 | depend on old energy exports? They have this sort of cheap oil and gas that they are hooked on |
| 0:37.5 | and they are in a predicament whereby they may not be able to pivot quick enough before those |
| 0:45.2 | funds run out. I'm Mark Filipino and here's the news you need to start your day. |
| 0:57.6 | The FT reports that England's National Health Service plans to share millions of patients' |
| 1:02.5 | medical histories with third parties. This includes sensitive information on mental and sexual |
| 1:07.5 | health, criminal records, and child abuse history. This data collection project will pool medical |
| 1:13.4 | records from every patient in England registered with a GP clinic that's 55 million people. |
| 1:19.4 | It'll be made available to academic and commercial third parties for research and planning. |
| 1:24.2 | Now privacy campaigners are pretty upset over this. One digital rights group called FOX Gloves |
| 1:30.1 | says the NHS won't say who will be able to access the data. FOX Gloves has also threatened legal |
| 1:36.4 | action. Another privacy advocate said the NHS had opaque commercial relationships that would make |
| 1:42.0 | it difficult to trace who ultimately sees the data. Patients can opt out. They have until next |
| 1:47.9 | month to fill out a form to do so. Right after the January attack on the US capital by Donald |
| 1:58.3 | Trump supporters, a bunch of American companies announced they'd suspend political contributions. |
| 2:04.6 | An FT analysis shows that more than 40 corporate PACs or political action committees are now sitting |
| 2:10.9 | on $28 million of unspent cash. That could be unleashed in upcoming elections, including the |
| 2:16.9 | 2022 midterms. The FT's data journalist Christine Zhang has dug into these numbers. She says $28 million |
... |
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