Saudi Aramco announced an agreement in principle to buy a 20% stake in the oil-to-chemicals business of India’s Reliance Industries. The deal values the unit at $75 billion, including debt.
Why it matters: It's one of the largest-ever foreign investments in India, per a Reliance statement, and comes on the same day that Saudi Aramco held its first-ever earnings call.
People often ask me how I decide what to cover in this noisy and disparate energy and climate change beat. My answer: I stay focused on the puzzle.
The big picture: I look at the various factors that go into reducing greenhouse gases in a world that depends upon the energy resources that emit them. That is a simple deduction of what is a complex dynamic. Like puzzle pieces, these numerous factors work in tandem, not in isolation.
A major typhoon in eastern China has triggered a landslide and killed at least 30 people with 18 others missing, Reuters reported Sunday, citing state media.
The big picture: Typhoon Lekima made landfall in Wenling, between Taiwan and China's financial capital Shanghai, early Saturday, per the BBC, which reports authorities saying torrential rains have forced more than 1 million people to evacuate. Here's the impact of the storm, in photos.
