Shell shifts HQ to the UK
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 16 November 2021
⏱️ 10 minutes
🧾️ Download transcript
Summary
Read a transcript of this episode on FT.com
https://www.ft.com/content/fe1805b2-ef2f-48b4-9ca3-37e8c5f82e11
The use of brand new “virgin” plastics by some of the world’s largest brands has peaked and is on track to fall significantly by 2025, US coal prices have jumped to their highest level in more than 12 years. Plus, the FT’s business columnist, Helen Thomas, explains why Royal Dutch Shell is leaving Amsterdam for the UK.
Global brands’ use of ‘virgin’ plastics on track for significant drop by 2025
https://www.ft.com/content/c4a4e31d-dbe2-4a54-b059-88d175bef5f2
US coal prices jump to highest level since 2009
https://www.ft.com/content/180e4544-6448-48d2-a347-5f9d27b43d61
Dutch government scrambles to keep Shell in Netherlands
https://www.ft.com/content/6339b89b-af46-480f-b34e-8c7fb6ae1e60
Oatly shares tumble as plant-milk maker warns on revenues
https://www.ft.com/content/a17345bc-9306-44ca-8e6c-26fc071166cc
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
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Transcript
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| 0:00.0 | Good morning from the Financial Times. Today is Tuesday, November 16th. In this is your FT news briefing. |
| 0:08.6 | The COP26 climate conference might be over, but energy developments are still changing the |
| 0:13.6 | business world. First, the use of new plastic is peaked as global brands shift to recycled packaging |
| 0:20.0 | and the price of U.S. coal? Well, that hit a 12-year high yesterday. |
| 0:24.5 | Plus, Royal Dutch Shell says that it's going to make the UK its sole headquarters |
| 0:28.8 | the move could help the oil giant reach its climate goals. |
| 0:32.5 | The pressure on these guys to change is getting more and more intense. |
| 0:38.7 | A Mark Filipino and here's the news you need to start your day. |
| 0:46.3 | The world's biggest brands are using more recycled plastics, especially for packaging. |
| 0:51.5 | And the use of virgin plastics that's new non-recycled plastic has hit a peak and is set to decline. |
| 0:58.1 | That's according to a study from the Ellen MacArthur Foundation, |
| 1:01.1 | the UK nonprofit collected data from 65 companies including Nestle, PepsiCo, and Unilever. |
| 1:07.3 | It concludes that by 2025, businesses will have cut the use of non-recycled plastics by almost |
| 1:12.8 | the fifth compared to 2018. The foundation is calling for a global agreement on plastic pollution |
| 1:18.8 | to push forward regulation and investment. Several of the companies they studied are also on |
| 1:23.9 | board with the move. There's a lot of talk over ending the use of coal, but reality shows how |
| 1:34.9 | complex the transition to cleaner energy is going to be. Right now, power producers are using |
| 1:40.4 | more coal, and U.S. coal prices have jumped to their highest level in more than 12 years. |
| 1:46.0 | Our U.S. energy correspondent Miles McCormick has more. |
| 1:49.8 | There is a confluence of different factors. So on the demand side, you've got electricity demand |
| 1:55.6 | surging back up after the COVID-related shutdowns, and you've got an increase in exports, |
| 2:03.1 | but most importantly, you have as a result of high natural gas prices, a lot of U.S. |
... |
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