Oil industry changes gear

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Shell sheds jobs

Up to 9,000 workers could lose their jobs at Shell over the next 2 years. The oil giant is getting ready to shift gears to low-carbon energy, with plans to sell mainly biofuels and hydrogen by 2050. It says it has to cut 10% of its workforce to save money and restructure itself in prep for this big transition.

Bad deal for car makers

The auto industry could lose out in a post-Brexit trade deal with the EU. Car makers might have to pay higher tariffs on their exports to the EU, if the parts they use aren’t considered British. Negotiators are in the final stretch of talks, with the mid-October deadline looming.

Jobs upheaval

The fallout from coronavirus will force many people to switch to a new career, according to Boris Johnson. He’s promising free training and courses to help people find work, with the most help available for people who don’t have A-levels. Student loans will also be made more flexible to help adults of all ages to go to uni.

Protect the planet

Sir David Attenborough is leading a call for the world to invest $500 billion per year to protect the environment. A virtual UN summit kicks off today, with countries across the world pledging to save ecosystems from collapse. Sir David, backed by 130 organisations, wants to redirect money away from fossil fuels and into locally-led conservation efforts.