A 1,500-acre wildfire near California's Big Sur region prompted evacuations and the closure of part of a major highway on Friday night.
Why it matters: The fire may impact as many as 430,000 people who live in Monterey County, though it's unclear how many were evacuated, Reuters reported.
The prominent climate tech-focused VC firm Energy Impact Partners has raised $200 million — and is aiming for more — for a new fund to support "early-stage, revolutionary technologies" across several industries.
Driving the news: EIP announced the launch of the Deep Decarbonization Frontier Fund yesterday with a target of $350 million.
Investment in nuclear energy is slated to rise in the next couple of years as countries "seek greener, low-carbon alternatives to fossil fuels," the consultancy Rystad Energy said in a new analysis.
By the numbers: There are 52 reactors under construction across 19 countries that, once completed, will add 54 gigawatts of installed capacity.
U.S. crude oil prices reached the highest level in seven years this week, amid supply disruptions and geopolitical jitters.
Why it matters: The climbing cost of crude — which is an input cost into virtually everything that is transported — will add to the inflationary pressures that are bedeviling politicians, policymakers and consumers.
Researchers like David Holland, an atmospheric scientist at New York University, are in a race to understand the fate of a massive glacier in West Antarctica that has earned a disquieting nickname: "The Doomsday Glacier."
Why it matters: Studies show the Thwaites Glacier (its official name) could already be on an irreversible course to melt during the next several decades to centuries, freeing up enough inland ice to raise global sea levels by at least several feet.
