A group of media veterans is launching a new digital media and commerce company called The Cool Down with $5.7 million in a funding round led by Upfront Ventures.
Why it matters: As climate change becomes more mainstream, the company’s founders believe more money will flow toward eco-friendly goods. They see an opportunity in becoming a trusted source for climate change content, so that one day they can be a trusted voice in sustainable purchase recommendations.
Raging wildfires in Portugal have injured dozens of people as another potentially record-breaking heat wave sweeps Europe one month after historic high temperatures, per the Independent.
The big picture: Portugal and Spain are already enduring temperatures well above 100 degrees Fahrenheit. Parts of France, Germany, the Netherlands, Belgium and Luxembourg are set to see similar temperatures this weekend. And forecasters warn temperatures in the U.K. could top 40 Celsius (104°F) for the first time ever.
Texas' record heat is putting the state's power grid to the test this summer.
Driving the news: The Texas power grid operator is asking people to conserve electricity this week as temperatures hover above 100 degrees in most of the state's major cities.
By the numbers: The Washburn Fire that was first reported last Thursday near the Washburn Trail in the Mariposa Grove area of the park had burned across at least 2,044 acres by Sunday evening, according to InciWeb, an interagency website that tracks wildfires.
