Challenges and Reevaluation of Shell's Biofuels Project

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The chapter delves into Shell's temporary pause on its biofuels project focusing on sustainable aviation fuel and biodiesel, citing the need for reassessment possibly due to engineering concerns. It also sheds light on the broader market challenges such as oversupply and low prices, posing difficulties for companies striving to make biofuel projects profitable.

SoftBank is looking to invest in AI despite pressure to offer a share buyback, Shell is pausing construction on one of its biggest energy transition projects, and the Labour party is expected to win the UK election by a landslide. Plus, the FT’s Anna Nicolaou explains how YouTube is trying to negotiate a deal with record labels over music created by AI.

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Shell pauses construction at one of Europe’s biggest biofuels plants

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. 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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