Andrew Forrest, chairman of the Minderoo Foundation, a philanthropic organisation, discusses his plans to shift plastics manufacturing to recycling rather than using petroleum. The initiative is called "Sea the Future." Forrest, the billionaire founder of Fortescue Metals Group Ltd., speaks with Shery Ahn and Paul Allen on "Bloomberg Daybreak: Australia."
Anadarko Petroleum is under pressure from investors to explain why it agreed to a takeover offer from Chevron despite it being substantially lower than Occidental Petroleum’s $38 billion proposal. Occidental went public with its offer Wednesday and said it was essentially the same one made in January last year.