Can US oil afford to ‘drill, baby, drill’?
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 27 January 2025
⏱️ 12 minutes
🧾️ Download transcript
Summary
Pressure is piling on the European Union to cut back its sustainability agenda, Wall Street may thwart President Donald Trump’s call for a new oil boom, and the US president unleashes retaliatory tariffs against Colombia. Plus, Microsoft’s stake in OpenAI is complicating the start-up’s path to become a for-profit company.
Mentioned in this podcast:
Trump agenda piles pressure on EU to cut red tape
Wall Street will stymie Donald Trump’s US oil surge plan, say shale bosses
Trump imposes tariffs and sanctions on Colombia in spat over migrants
OpenAI struggles to price Microsoft stake in deal to become for-profit company
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | We're Equinor, an energy company searching for better. |
| 0:03.0 | Currently, we supply 27% of the UK's gas, 15% of its oil, |
| 0:07.7 | and we're playing our part in the UK's energy transition. |
| 0:11.0 | Our wind farms power 750,000 homes, |
| 0:14.0 | and we expect that to grow to over 7 million. |
| 0:16.5 | Last year, we invested 20% of our global growth spend in renewables |
| 0:20.1 | and lower carbon solutions. |
| 0:22.0 | We plan to increase that to 50% by 2030. |
| 0:25.4 | We're an energy company searching for better. |
| 0:28.4 | equinore.co.uk. |
| 0:33.7 | Good morning from the Financial Times. |
| 0:36.2 | Today is Monday, January 27th, and this is your FT News Briefing. |
| 0:41.1 | The European Union is facing a lot of pressure to wind back regulations. And U.S. President Donald Trump has his sights set on an oil boom. But the industry has other ideas. |
| 0:53.1 | Plus, open AI is in the middle of a complicated restructuring. |
| 0:57.9 | It's kind of unprecedented that a research group of this size suddenly valued at $157 billion |
| 1:05.1 | is converting into a for-profit company. |
| 1:09.3 | I'm Kasha Bruslian, and here's the news you need to start your day. |
| 1:20.5 | Calls for the EU to roll back its sustainability agenda are getting louder. |
| 1:25.8 | From companies that you might expect, like the oil and gas giant ExxonMobil, to even national governments like France and Germany, it seems like everyone wants the block to loosen rules that are supposed to help fight climate change. |
| 1:39.8 | Critics argue that when it comes to the regulations, definitions are vague, while disclosure |
| 1:44.8 | requirements aren't very clear. |
| 1:47.3 | They say it's hurting European competitiveness. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.