FT News Briefing Wednesday, March 13
Mar 13, 2019
Prime Minister Theresa May's Brexit deal flounders in parliament, highlighting the ongoing political divide. Royal Dutch Shell aims to lead in electricity by the 2030s, pushing for a greener future while grappling with emissions challenges. Meanwhile, an admissions bribery scandal surfaces, ensnaring celebrities and financiers. BP faces scrutiny for lobbying against methane regulations, raising ethical questions in the energy sector. These issues unveil a tangled web of ambition, scandal, and environmental responsibility.
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Brexit Deal Defeat
- Theresa May's Brexit deal was defeated in Parliament, creating uncertainty.
- MPs are divided on the next steps, with some wanting a second referendum and others a harder Brexit.
Boeing Controversy
- The FAA faces pressure to ground Boeing aircraft after two deadly crashes.
- Southwest and American Airlines defend the aircraft's safety, but their cabin staff disagree.
Shell's Electricity Ambitions
- Royal Dutch Shell aims to become the world's largest electricity company by the 2030s.
- This plan depends on Shell achieving an 8-12% return on capital.