Climate change is coming for your Bordeaux
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 3 January 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
Tesla’s annual vehicle deliveries declined for the first time in more than a decade, and China’s BYD hit a milestone. Crypto chief Do Kwon makes his first US court appearance to face criminal charges. The rerouting of global trade from China to ports elsewhere in Asia is shrinking the size of vessels, and climate change is redrawing Europe’s wine map.
Mentioned in this podcast:
Ex-crypto chief Do Kwon brought to New York to face fraud charges
China’s electric-vehicle leader BYD posts record sales in 2024
Tesla’s annual deliveries drop for first time since 2011
Shipowners switch to smaller vessels as world trade reroutes from China
How climate change is redrawing Europe’s wine map
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian 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
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Transcript
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| 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. |
| 0:36.3 | Today is Friday, January 3rd, and this is your FT News Briefing. |
| 0:41.7 | China's best-selling carmaker is nipping at Tesla's heels, and another crypto boss faces criminal charges. |
| 0:50.7 | Plus, climate change is saying, goodbye French Bordeaux, hello fine Danish white. |
| 0:57.6 | I'm Sonia Hudson, and here's the news you need to start your day. |
| 1:18.3 | Thank you. The electric vehicle race is cranking up a gear. |
| 1:26.7 | Tesla, the world's top EV maker, said yesterday that its annual sales had dropped for the first time since 2011. |
| 1:31.9 | That same day, Tesla's Chinese rival, BYD, reported its best year ever. China is actually expected to sell more EVs and hybrids than gas vehicles |
| 1:39.8 | for the first time in 2025. Tesla and other Western car makers, meanwhile, |
| 1:46.0 | will have to compete with China's cheaper offerings, |
| 1:49.2 | not to mention a global slowdown in demand |
| 1:52.1 | for battery-only powered cars. |
... |
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