A high-impact, powerful winter storm is becoming more likely to affect parts of New England and potentially the Mid-Atlantic states this weekend.
Threat level: The storm, now simulated by most of the reliable computer models used as weather forecasting tools, could bring upwards of a foot of snow, blizzard conditions due to high winds and heavy snow and coastal flooding from Long Island to Maine.
The emir of Qatar will meet with President Biden at the White House on Monday to discuss Afghanistan as well as contingency plans to provide natural gas to Europe in the event of a Russian invasion of Ukraine, Axios has learned.
Why it matters: Europe's reliance on Russia for 40% of its natural gas is undermining Biden's attempts to coordinate "massive" sanctions to be imposed from both sides of the Atlantic if Russia invades. The White House wants Qatar to help ensure European countries can enforce tough sanctions without risking an energy crisis.
Rihanna's philanthropical organization, the Clara Lionel Foundation, announced on Tuesday that it will give $15 million to 18 organizations fighting for climate justice in the U.S. and Caribbean.
Why it matters: Scientists concur that some extreme weather events will become more frequent and more severe as climate change progresses.
The consulting firm Aon is out Tuesday with its summary of natural disasters report from 2021, which has a heavy emphasis on economic losses from climate and extreme weather events.
Why it matters: As the world warms, certain extreme events are becoming more severe and frequent, although climate trends may not be easy to discern in the aggregate statistics.
The International Monetary Fund's new update to its world economic outlook says "the ongoing climate emergency continues to pose grave risks to the global economy" and warns that current policies are inadequate.
The big picture: "Much larger coordinated global policies — including carbon price floors —will be needed to meet the new goals laid out at the Glasgow climate conference and stave off catastrophic global climate change," it states.
Chesapeake Energy Corp. on Tuesday announced a $2.6 billion cash and stock deal to acquire Chief E&D Holdings and associated assets, a move that bolsters Chesapeake's position in the prolific Marcellus shale gas basin.
Oklahoma-based Chesapeake also said it's selling assets in Wyoming's Powder River Basin to Continental Resources for $450 million.
Boeing's $450 million investment in the autonomous electric air taxi startup Wisk is the latest sign of capital pouring into tech that could one day transform urban and regional mobility and curb carbon emissions.
Catch up fast: The aviation giant's latest funding for Wisk will help the California-based company develop the latest version of its electric vertical takeoff and landing (eVTOL) aircraft.
Transitioning the global economy to net-zero emissions by midcentury would have high upfront costs, but huge benefits in the form of reduced climate damage and industrial innovations, two new reports out today show.
Why it matters: The reports each detail the enormous upsides to limiting global warming's severity, along with the growing perils from inaction.
Cracks in the NATO alliance regarding sanctions for Russia should President Vladimir Putin order troops into Ukraine are in large part based on energy supply concerns.
Why it matters: Russia holds tremendous leverage over some European countries because it provides roughly 40% of Europe's natural gas supply. In Germany, this figure is greater than 50%.
The response to a preliminary move by federal banking officials shows how Wall Street regulation is an increasingly important front in climate policy battles.
Driving the news: Over 1,900 people and counting are urging the Office of the Comptroller of the Currency to use the "full extent of its authority" to press large banks to consider climate-related risk and make good on emissions pledges.
Pop-up fast-charging stations near remote outposts like hiking trails could give electric vehicle owners more confidence to take their EVs off the beaten path.
Why it matters: Pickups, SUVs — even RVs — are now going electric, encouraging families to take outdoor adventures. But if you already have range anxiety about road tripping in an EV, imagine being stranded in the middle of the woods with a drained battery.
