James and Kathryn Murdoch are nearing a deal to make a multi-million dollar investment to support the formation of a new climate reporting hub at the Associated Press, two sources familiar with the deal tell Axios.
Why it matters: The duo has increased their investments in media projects in the past few years via their non-profit organization called Quadrivium Foundation.
Two heavyweight grant-making foundations are pledging new efforts to orient their endowments toward more climate-friendly investments.
Driving the news: The Ford Foundation — one of the nation's largest — said Monday that it will no longer invest in fossil fuels via its $16 billion endowment.
Glaciers capping three of Africa's iconic mountains — Mount Kenya in Kenya, the Rwenzori Mountains in Uganda and Mount Kilimanjaro in Tanzania — will likely disappear over the next two decades because of human-induced climate change, the World Meteorological Organization's estimated in a new report Tuesday.
Why it matters: The WMO warned that glacier loss is just one effect climate change will have on the continent, as rising temperatures, changing precipitation patterns, rising sea levels and more extreme weather will also likely exacerbate food insecurity, economic and political instability and population displacement.
The newest section of a project from Third Way, the Bipartisan Policy Project and Clean Air Task Force examines how energy breakthroughs could accelerate America's transition to reach net zero greenhouse gas emissions by 2050.
Why it matters: The report chapter, provided first to Axios, is part of a broader effort known as the Decarb America Research Initiative, which explores the best ways to move the U.S. toward a net zero carbon emissions future by 2050.
The Environmental Protection Agency unveiled Monday its planned actions to regulate pervasive industrial "forever chemicals" that are used in hundreds of consumer goods and have been linked to adverse health effects.
Why it matters: The long-ignored and largely unregulated chemicals, which can last for hundreds of years without breaking down, are facing new scrutiny under President Biden, who previously promised to designate them as hazardous.
A Mississippi utility is installing what's being billed as "the world's first large flexible transformer" — an Energy Department-backed project aimed at boosting grid resilience and smoothing integration of renewables.
Driving the news: GE Research and Prolec GE, working with the Mississippi power company Cooperative Energy, this morning are announcing the launch of a six-month field demonstration at a big substation in Columbia, Mississippi.
Here are two big questions as a key Democratic proposal to slash emissions from power generation flounders: how much its demise would sap climate protections, and what might replace it.
Catch up fast: New financial carrots and sticks for utilities to deploy zero-carbon power — the Clean Electricity Performance Program (CEPP) — look unlikely to stay in Democrats' big social spending and climate bill.
Pique Action, a new media company launching today, is betting that short form "micro-documentaries" that tell stories about people working to reduce greenhouse gas emissions will help to counteract our doom-scrolling tendencies.
Why it matters: The media organization, launched by film veteran Kip Pastor (whose credits include "In Organic We Trust," and "Sickhouse," the first film shot and distributed on SnapChat) and social media strategist Tyler Steinhardt, plans to distribute positive stories about climate solutions through social media platforms like SnapChat, Youtube, TikTok and Twitter.
Oil and gas production is a key part of the Texas economy. But the state is poised to perform well even if tackling global warming sends the sector into decline, a Dallas Fed analysis argues.
The big picture: Energy price swings have long affected Texas' financial fortunes, with sharp declines "depressing broader activity."
