Petroleos Mexicanos, Mexico’s state-owned oil company, said Friday a rupture in an undersea natural gas pipeline in the Gulf of Mexico caused an underwater fire that sent flames up to the surface.
Driving the news: The company said no one was injured and the gas leak was contained around five hours after the rupture.
Elsa strengthened into the first hurricane of the Atlantic season on Friday, threatening parts of the Caribbean as a Category 1 storm.
Why it matters: Elsa is the earliest fifth-named storm on record. The National Oceanic and Atmospheric Administration (NOAA) has predicted an above-average storm season in the Atlantic this year.
Exxon CEO Darren Woods on Friday released his second statement in three days on two lobbyists' covertly recorded comments, another sign of how concern about them has reached the highest levels of the powerful oil giant.
Driving the news: The statement says Exxon is committed to addressing climate change, citing the recent creation of its “Low Carbon Solutions” unit that’s focused on carbon capture tech and hydrogen.
Oil prices are on the rise, which could mean costs are going up for almost everything. And experts tell Axios that tight capacity means prices have much higher to go.
Deadly heat waves. An epic drought. More than a million acres in the West gone up in smoke before the end of June. And the earliest fifth-named Atlantic tropical storm on record.
A record-shattering heat wave has triggered a spate of massive wildfires across British Columbia and the U.S. West, with one blaze roaring through parts of Lytton, Canada, on Wednesday night. The fire occurred just a day after the town set a national high temperature record of 121°F.
Why it matters: The unprecedented heat is leading to other deadly threats as residents hastily evacuate areas in the path of quickly-advancing flames, including deteriorating air quality.
Two large surveys indicate that millennials and members of Gen Z are more emotionally engaged with climate issues than older generations.
Why it matters: Younger people are growing up with the effects of global warming are visible all around them, from heat waves like the one this week to extreme precipitation events.
ExxonMobil CEO Darren Woods' public apology for two lobbyists' unfiltered comments is unlikely to put the controversy behind the oil giant, and the revelations may also intensify the glare on the wider industry over climate change.
Driving the news: A government affairs official compared lobbying to catching lawmakers like fish and acknowledged that the company's carbon tax support is mainly for show, in a video captured by a Greenpeace activist posing as a corporate recruiter.
New Jersey regulators have awarded development rights for nearly 2.7 gigawatts of offshore wind power capacity to separate projects headed by Danish wind giant Ørsted and a venture between Shell and France's EDF.
The big picture: The New Jersey Board of Public Utilities awards bring the project pipeline off the state's coast to over 3.7 gigawatts, the agency said. This includes a separate, previously approved Ørsted project.
Authorities in Canada, Oregon and Washington are investigating hundreds of deaths likely caused by the Pacific Northwest's worst heat wave on record, AP reports.
Mark Gallogly, a private-equity titan who's been working for John Kerry to line up private-sector financing to combat climate change and serve as a liaison to the business community, is leaving the administration, Axios has learned.
The big picture: Gallogly is departing almost as quietly as he joined, with one difference: Kerry, President Biden's special envoy for climate, is publicly acknowledging his role — and his contributions.
An Exxon government affairs official compared lobbying to catching lawmakers like fish and acknowledged that the company's carbon tax support is mainly for show, unlikely to produce results in a video captured by a Greenpeace UK activist posing as a corporate recruiter.
Why it matters: The comments Greenpeace published Wednesday — while offered under false pretenses — provide an unfiltered look at two Exxon lobbyists' views. They also prompted a remarkable public apology from Exxon CEO Darren Woods, who insisted they don't reflect Exxon's positions.
