FT News Briefing Apple is accused of profiting from 'blood minerals'
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Jan 21, 2025 Belgium is investigating allegations that a major tech company profits from 'blood minerals' in the Congo. The implications of ethical sourcing raise questions about corporate responsibility and human rights. Meanwhile, Donald Trump's policies are reigniting discussions on democracy and trade. Toyota faces challenges in promoting hydrogen vehicles, as consumer acceptance lags behind electric alternatives. The podcast also touches on recent dynamics in climate collaboration within the banking industry, highlighting shifting priorities in sustainable practices.
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Apple's "Blood Minerals" Probe
- Apple faces a probe over "blood minerals" in the DRC, accused of not guaranteeing conflict-free sourcing.
- The DRC alleges Apple's complicity in mineral laundering fueling war, marking a significant case.
Banking Alliance Wobble
- Several European banks threaten to leave the Net Zero Banking Alliance, following Canadian and US peers.
- This comes amid concerns about climate collaboration's future, especially with Trump's inauguration.
Toyota's Hydrogen Pivot
- Toyota's hydrogen car sales disappoint amidst a booming EV market, leading to a strategy shift.
- The company now focuses on hydrogen technology for trucks and buses, seeing cars as a long-term goal.