G7 countries on Friday agreed to stop all new financing of international coal projects by the end of the year in an effort to meet global climate change targets.
Why it matters: "Coal mining has come under pressure this week after the International Energy Agency said that no new coal mines should be needed if the world is to cut emissions to net zero by 2050," the Financial Times noted.
Drought is tightening its grip on the West, and that could spell fresh trouble for the region’s power grids.
Driving the news: Data released Thursday shows “exceptional drought,” the worst category, now extends across Napa, Sonoma and parts of the East Bay region. All of California is in at least "moderate" drought after an unusually dry winter, despite having entered the wet season without severe short-term drought outside of the northern reaches of the state.
