{"componentChunkName":"component---src-templates-post-js","path":"/oil-industry-changes-gear/","result":{"data":{"ghostPost":{"id":"Ghost__Post__5f743c62aa626100399a73dd","title":"Oil industry changes gear","slug":"oil-industry-changes-gear","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/09/Multiply-minute-21.png","excerpt":"Up to 9,000 workers could lose their jobs at Shell over the next 2 years.","custom_excerpt":"Up to 9,000 workers could lose their jobs at Shell over the next 2 years.","created_at_pretty":"30 September, 2020","published_at_pretty":"30 September, 2020","updated_at_pretty":"30 September, 2020","created_at":"2020-09-30T08:05:54.000+00:00","published_at":"2020-09-30T08:07:15.000+00:00","updated_at":"2020-09-30T08:07:15.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need.\n\nShell sheds jobs\nUp to 9,000 workers could lose their jobs\n[https://www.cityam.com/shell-to-cut-close-to-9000-jobs-in-transition-plan/] at\nShell over the next 2 years. The oil giant is getting ready to shift gears to\nlow-carbon energy, with plans to sell mainly biofuels and hydrogen by 2050. It\nsays it has to cut 10% of its workforce to save money and restructure itself in\nprep for this big transition.\n\nBad deal for car makers\nThe auto industry could lose out in a post-Brexit trade deal with the EU. Car\nmakers might have to pay higher tariffs\n[https://www.bbc.co.uk/news/business-54345882] on their exports to the EU, if\nthe parts they use aren’t considered British. Negotiators are in the final\nstretch of talks, with the mid-October deadline looming.\n\nJobs upheaval\nThe fallout from coronavirus will force many people to switch to a new career,\naccording to Boris Johnson. He’s promising free training and courses\n[https://inews.co.uk/news/business/boris-johnson-huge-numbers-british-workers-switch-careers-employment-explained-670796] \nto help people find work, with the most help available for people who don’t have\nA-levels. Student loans will also be made more flexible to help adults of all\nages to go to uni. \n\nProtect the planet\nSir David Attenborough is leading a call for the world to invest $500 billion\n[https://uk.reuters.com/article/uk-un-biodiversity-attenborough/david-attenborough-leads-call-for-world-to-invest-500-billion-a-year-to-protect-nature-idUKKBN26L0GQ] \nper year to protect the environment. A virtual UN summit kicks off today, with\ncountries across the world pledging to save ecosystems from collapse. Sir David,\nbacked by 130 organisations, wants to redirect money away from fossil fuels and\ninto locally-led conservation efforts.","html":"

The 1-minute read to get the money news you need.

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.

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