FT News Briefing Shell shifts HQ to the UK
Nov 16, 2021
Major brands are shifting away from 'virgin' plastics, with projections for a significant decline by 2025. U.S. coal prices have surged to their highest in over a decade, driven by post-pandemic energy needs and high natural gas costs. Shell is relocating its headquarters from the Netherlands to the UK, stirring mixed reactions as it navigates regulatory pressures. Meanwhile, Oatly faces challenges as its stock tumbles following some disappointing revenue forecasts. The energy sector continues to grapple with the balance between fossil fuels and sustainability.
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Shift to Recycled Plastics
- Global brands are shifting to recycled plastic packaging.
- Virgin plastic use has peaked and is set to decline significantly by 2025.
Coal's Resurgence
- US coal prices hit a 12-year high due to increased demand and limited supply.
- This is driven by high natural gas prices, causing power generators to switch to coal.
Shell's Move
- Shell's move to the UK simplifies its structure, giving it more agility and options.
- It may be connected to a Dutch court ruling on emission cuts, despite Shell's denial.