At least 150 are believed to be dead or missing in Guatemala after Tropical Depression Eta brought torrential rain to Central America, triggering devastating flooding and mudslides, per Reuters.
The big picture: Eta, which made landfall in Nicaragua as a Category 4 hurricane on Tuesday, was expected to strengthen overnight as it moved northeast toward Cuba, the Cayman Islands, parts of the Bahamas and southern Florida, the National Hurricane Center said late on Friday.
Wall Street speculators are flocking to electric vehicle startups, assigning gigantic valuations to companies that have yet to produce any vehicles, much less any revenue or profits.
Why it matters: Searching for the next Tesla is a risky proposition. It's still unclear how quickly the electric vehicle market will develop, or how large it will ultimately become — and some of the new electric vehicle players are likely to fail.
Shell is closing down its refinery in Convent, Louisiana, after failing to find a buyer for the plant that processes over 200,000 barrels of oil per day, the company said Thursday.
Why it matters: Most signs of Big Oil's climate plans have involved acquisitions and venture deals around renewables, batteries and other tech, but this move shows how the plans will also involve shedding assets in various parts of their business.
Joe Biden this week pledged again to immediately rejoin the Paris climate agreement if he wins the presidential election, but ultimately meeting his ambitions for the U.S on the world stage would be much tricker.
Why it matters: Biden would face big challenges and complex decisions after announcing the U.S. is back on the climate diplomacy circuit.
President Trump has removed Neil Chatterjee as chairman of the Federal Energy Regulatory Commission and replaced him with James Danly, the other sitting GOP member of the panel.
Why it matters: FERC is a powerful commission with jurisdiction around electricity markets, interstate natural gas and power transmission, liquefied natural gas (LNG) facilities and more.
