Why it matters: California reservoir water levels are so low that some hydroelectric power plants may be forced offline during the peak of summer wildfire season, AP reports.
A group of eight large companies, including tech and entertainment heavy hitters such as Amazon, Google, Microsoft, Salesforce, Disney and Netflix, are joining environmental groups and the U.N. to devise ways to scale funding for climate solutions, Axios has learned.
Why it matters: The collective will be called the Business Alliance to Scale Climate Solutions (BASCS), and will serve as a knowledge-sharing network that has the potential to accelerate companies' emissions reduction efforts.
Oxygen levels in hundreds of freshwater lakes in the U.S. and around the world are plummeting — and climate change is largely to blame, according to a study published Wednesday.
Why it matters: Per a statement from study co-author Kevin Rose, a professor of biology at Rensselaer Polytechnic Institute: "All complex life depends on oxygen. ... when you start losing oxygen, you have the potential to lose species."
In a further blow to Exxon management, updated shareholder vote tallies showed that an activist investment firm scored a third board seat at the company's annual shareholder meeting on May 26, Exxon announced Wednesday.
Why it matters: The hedge fund Engine No. 1, which owns less than 1% of Exxon's stock, succeeded in its bid to install board members who will push Exxon to more aggressively consider climate change in its business planning.
A single wildfire that burned through the southern Sierra Nevada last year destroyed anywhere from 10%-14% of Earth's mature redwood trees, according to a draft report from National Park Service scientists obtained by the Visalia Times-Delta.
Climavision, a new "weather services and intelligence platform," emerged out of stealth mode Wednesday with a goal of helping customers manage the growing risks of extreme weather spurred on by climate change.
Why it matters: Competition in the weather and climate risk management space has heated up as climate change drives an increase in the frequency and severity of extreme weather and climate events.
Renewing an effort started at the 2015 Paris Climate Summit, leaders of 23 nations said Wednesday they are redoubling their efforts to fund clean energy technology.
Why it matters: The U.S.-led component of the alliance, known as Mission Innovation 2.0, will focus on carbon dioxide removal, making clean long-distance shipping a reality and advancing the goal of clean hydrogen, deputy Energy secretary David Turk tells Axios.
Securities regulators told Tesla Elon Musk twice violated court orders requiring company lawyers to approve his tweets before he posts, according to records obtained by The Wall Street Journal Tuesday.
Driving the news: The Securities and Exchange Commission wrote to Tesla in 2019 and 2020 saying Musk had tweeted about Tesla's solar roof production volume and its stock price without pre-approval, breaching a 2018 settlement deal, the WSJ reports.
