FT News Briefing Environmental activists target top PR firms
Jan 13, 2022
Boris Johnson faces mounting pressure after admitting to attending a lockdown party, sparking calls for his resignation. Meanwhile, nickel prices soar to a decade high, driven by the electric vehicle surge. Environmental activists are now targeting PR firms for their role in greenwashing fossil fuels, leading to a heated clash over messaging. Finally, Beyond Meat struggles as it becomes one of the most shorted stocks amid changing investor sentiment in the plant-based market.
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Johnson's Toughest Day
- UK Prime Minister Boris Johnson faced calls to resign after admitting to attending a party during lockdown.
- An independent inquiry will investigate the gatherings, and Johnson may blame officials.
Commodity Boom
- Nickel reached a 10-year high due to increased demand for electric vehicle batteries.
- Copper also rose after China announced economic stimulus, and oil hit $85 a barrel.
Activists Target PR Firms
- Climate activists target PR firms working with fossil fuel companies.
- Activists believe these firms "greenwash" the companies' images, emphasizing eco-friendly initiatives while downplaying polluting activities.