The International Energy Agency said Tuesday that member countries have agreed to release 60 million barrels of oil to help volatility in global oil markets set off by Russia's invasion of Ukraine.
Why it matters: Oil prices, which were already increasing before Russia's invasion as the demand revival from the pandemic tightened markets, have recently surged to over $100 a barrel in response to the war.
The Supreme Court looks likely to limit the executive authority to issue sweeping climate rules without new legislation, but it's unclear if they'll unite around broader limits on regulatory power.
Catch up fast: The high court held arguments Monday in related cases about now-defunct regulations to curb carbon emissions from the electricity sector, the second-largest U.S. source of heat-trapping gases.
Shell announced Monday it will end its partnerships with Russian energy company Gazprom following Moscow's invasion of Ukraine.
Why it matters: Two major oil companies have now divested from Russian energy companies following the unprovoked attack on Ukraine, further signaling that it could reshape the West’s energy relationship with Russia.
Biomason, a Durham, N.C.-based startup that's using microorganisms to "grow" cement, raised $65 million in Series C funding led by venture capital firm 2150.
Why it matters: Cement manufacturing is estimated to be responsible for around 8% of global carbon emissions.
