The Biggest Challenge for Shell Under Ben Van Burden

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Shell has set net zero targets, such as cuts emissions from its business towards net zero by 2050. The big question is what does so-on do with these billions of dollars of profits? Does he keep returning it to shareholders? Or does he suddenly decide to divert a much larger chunk of that cash towards the newer parts of the business and to set Shell on an even faster path towards net zero? What are the biggest challenges someone is going to face? Is there any skill set he needs to brush up on before he can really do this job well?

UK staffers fired by Twitter claim their dismissals were conducted unlawfully, BioNTech has agreed to buy UK artificial intelligence start-up InstaDeep, and Toyota is confronting an “unprecedented” challenge to revive its electric vehicle sales. Plus, the FT’s Tom Wilson chats about the challenges facing Shell’s new chief executive, Wael Sawan.

Mentioned in this podcast:

Twitter hit with legal challenge from former UK staff

Toyota leasing unit warns of ‘unprecedented’ challenge to boost EV sales

BioNTech buys UK AI start-up InstaDeep in £562mn deal

Wael Sawan, the Shell lifer taking helm to navigate energy transition

Virgin Orbit shares sink after rocket ‘anomaly’

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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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