Trump halts $300bn in clean energy loans
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 23 January 2025
⏱️ 14 minutes
🧾️ Download transcript
Summary
European bank dividends are at their highest levels since 2007, US President Donald Trump froze billions of dollars in federal funding to green infrastructure projects, and Trump said yesterday that the US would impose more sanctions on Moscow if its war in Ukraine doesn’t end soon. Plus, military regimes in Africa's Sahel region are cracking down on international mining companies.
Mentioned in this podcast:
European banks to reward investors with bumper €123bn in payouts
Donald Trump halts more than $300bn in US green infrastructure funding
Trump tells Putin to reach Ukraine ‘deal’ soon or US will increase sanctions
AI-developed drug will be in trials by year-end, says Google’s Hassabis
The ‘terrifying’ crackdown on mining companies in Africa’s coup belt
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Michela Tindera, 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. |
| 0:36.4 | Today is Thursday, January 23rd, and this is your FT News briefing. |
| 0:42.0 | European banks are on the up and up, and President Donald Trump has thrown spikes on the road for U.S. climate policy. |
| 0:51.6 | Plus, mining companies in Africa's Sahel region are being targeted. |
| 0:56.5 | We've seen arrests. We've seen gold seized from companies. And we've just seen what |
| 1:03.5 | industry insiders have described to us as a terrifying campaign. I'm Sonia Hudson, and here's |
| 1:09.8 | the news you need to start your day. |
| 1:20.5 | European Bank returns have made a comeback. Thanks to bumper profits, dividends are at their highest levels since 2007, and buybacks have soared. |
| 1:33.0 | Lenders are on track to return almost 123 billion euros to shareholders for the second consecutive year. |
| 1:41.6 | It is a major turnaround for European banks. Handouts were pretty skimpy for a while |
| 1:48.5 | after the 2008 financial crisis. And in 2020, regulators ordered lenders to freeze most investor |
| 1:56.4 | returns because of the pandemic. But the outlook is much better these days. Shares in Eurozone |
... |
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