Shell’s clean energy departures, Starbucks' bullish goals, US anti-money laundering overhaul
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 9 December 2020
⏱️ 10 minutes
🧾️ Download transcript
Summary
Starbucks chief executive Kevin Johnson says the company will continue to grow despite the pandemic, Congress looks to approve the first overhaul of US anti-money laundering laws in decades, and Japan has launched a stimulus package to help speed up the country’s recovery from Covid-19. Plus, the FT’s senior energy correspondent, Anjli Raval, discusses the recent executive exodus at Royal Dutch Shell.
Shell executives quit amid discord over green push
ft.com/content/053663f1-0320-4b83-be31-fefbc49b0efc?
As thousands of small coffee shops shut, Starbucks’ boss is bullish
ft.com/content/ab959c91-7ef2-44d7-bf8c-d03718ae5393
US to shift burden from banks in overhaul of money laundering laws
ft.com/content/498493c4-a138-4e5d-b926-a86ae317b8f4
Suga launches $294bn stimulus to boost Japan’s coronavirus recovery
ft.com/content/2c927471-849c-4635-8844-31b12b91b613
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:01.7 | Today is Wednesday, December 9th, |
| 0:04.0 | and this is your FT news briefing. |
| 0:08.7 | Starbucks expects a jolt after its pandemic interruption. U.S. banks make it to retire their role as anti-money laundering |
| 0:16.0 | middlemen, and Japan's $294 billion stimulus package has ambitions beyond coronavirus recovery. But first, several clean energy leaders |
| 0:25.9 | at Shell have left the company just weeks before the oil group is set to announce its new green energy |
| 0:31.3 | strategy. I'm Mark Filipino and here's the news you need to start |
| 0:35.7 | your day. |
| 0:37.7 | Royal Dutch Shells senior leaders have been locked in debate over the design of its plan for a green energy transition. |
| 0:48.0 | Some executives wanted a more aggressive push than others. |
| 0:51.0 | Clean energy leaders have left amid the discord and it has some people |
| 0:55.2 | wondering about Shell's game plan when it comes to a world beyond oil. |
| 0:59.6 | Angela Rival, our senior energy correspondent, joins me now to discuss what's going on. |
| 1:04.3 | Angela, who are the executives that have left and do we know why? |
| 1:10.2 | So among these executives you've got the person who heads the onshore wind business and also somebody who heads the offshore wind business |
| 1:18.0 | who also have a person who was working in the energy transition strategy team. Now look not every move is |
| 1:25.0 | known to be linked to this frustration about the pace of change but what our |
| 1:27.9 | sources have told us this exodus is basically happening amid this broader turmoil within the company about direction of travel |
| 1:36.4 | and how far the company is willing to go in its transition towards cleaner fuels. Now we've got some older hands who basically believe the |
| 1:46.7 | current strategy is just the right one, just that they need to communicate it better. They believe they are |
| 1:53.0 | are already doing things that are far more aggressive than their peers |
| 1:56.1 | and they don't really need to go much further. |
... |
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