Heirloom, a startupdeveloping novel tech for removing CO2 from the atmosphere, raised $53 million in a Series A round that includes boldface names in climate VC.
Driving the news: The Bill Gates-led Breakthrough Energy Ventures co-led the round with Carbon Direct Capital Management and Ahren Innovation Capital.
In an alarming new outlook, the National Weather Service said Thursday that drought conditions are likely to persist and even expand across a vast stretch of the country.
The big picture: As of March 15, drought extended across about 61% of the country, the greatest drought extent seen since 2013, according to the National Oceanic and Atmospheric Administration.
The International Energy Agency just unveiled ideas for quickly cutting oil demand at a time when Vladimir Putin's war on Ukraine could bring substantial loss of Russian barrels from global markets.
Why it matters: The 10-point plan comes amid IEA warnings that the war could become the biggest supply crisis in decades as countries look to isolate Russia.
The UN Intergovernmental Panel on Climate Change (IPCC) is set to report its next slate of findings, focused on mitigating global warming, on April 4.
Why it matters: The IPCC's conclusions on how to avert the most severe consequences of global warming will help guide policymakers and business leaders as they aim to cut emissions.
The Energy Department's approval of wider LNG exports destinations from two Cheniere Energy facilities provided a window into the Biden administration's rather complicated relationship with the fuel.
Driving the news: The department Wednesday issued two long-term authorizations from Cheniere terminals in Louisiana and Texas to any countries that don't have free-trade deals with the U.S., including all of Europe, DOE said.
The White Houseand top Capitol Hill Democrats are scurrying to limit the political damage from high gasoline prices.
Driving the news: Senate Majority Leader Chuck Schumer vowed to haul Big Oil CEOs before Congress to explain the "bewildering incongruity" between pump costs and the recent crude oil price decline.
A federal appeals court on Wednesday lifted a ban that blocked a Biden administration policy of calculating climate change costs in government decisions.
Why it matters: The court's stay in a lawsuit brought by several Republican-led states means that, for now, federal officials can factor in the economic cost of climate change in projects and rulemakings — which could help the Biden administration reach its goal of cutting greenhouse gas emissions by up to 52% by 2030, compared with 2005 levels.
