The trillion dollar court battle

千亿美元级法庭之战

World Business Report

新闻

2025-05-26

26 分钟
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Two of the world's biggest energy firms are in court fighting over a new oil project that could be worth a trillion dollars. We hear why the International Energy Agency says the worlds is becoming too dependent on just a few countries for critical minerals that power clean energy technologies. Plus, Will Bain finds out why there’s been a five-fold increase in streaming subscriptions in India.
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  • Hello, and welcome to World Business Report on the BBC World Service.

  • I'm Will Bain.

  • Great to have your company as we kick off another business week here on the programme.

  • Today,

  • two of the world's biggest energy companies are battling it out in court over a potential $1 trillion oil windfall in the Caribbean.

  • We'll have more on Exxon, Chevron, and the fight for Guyana's oil riches very shortly.

  • Also on the programme today, a race for the supply of critical minerals.

  • Two days after Donald Trump did his big liberation day,

  • China put an export restriction on certain rare earths,

  • and that is a really potent export restriction.

  • Yeah, a warning there about the potential supply of them,

  • so critical

  • for everything from the transition to electric vehicles to greener energy as well,

  • things like wind turbines too.

  • So we'll be taking a look at that latest report and we'll have more on how Disney's bumper cricket tire with Indian Premier League cricket has led to a surge in paid subscribers there beating out the likes of Netflix and other rivals as well.

  • Another twist in the streaming wars story if you like.

  • All that to come on World Business Report today,

  • but we're going to kick off in the courtrooms of London in a fierce fight between two of the world's biggest energy firms desperate to get their hands on a gigantic new oil project that analysts believe could be worth a trillion dollars in reserves.

  • That field is off the coast of the Caribbean nation of Guyana.

  • You might remember our reporter Gideon Long spoke to the country's president,