Axios

Time is launching a sustainability division called "CO2 by Time" that will offer companies tools that go beyond just offsetting their carbon emissions.

Why it matters: While the division does take a small servicing fee from clients, executives say the venture isn't meant to drive revenue.

Hurricane Fiona strengthened into a Category 3 storm on Tuesday morning — packing 115 mph winds as it neared the Turks and Caicos Islands.

Threat level: The deadly storm that's the first major hurricane of the 2022 Atlantic hurricane season was continuing to unleash heavy rainfall and "life-threatening" flash flooding on Puerto Rico and parts of the Dominican Republic, per a National Hurricane Center 2am update.

Hurricane Fiona is forecast to become the season's first major hurricane in the Atlantic, as it continues to unleash heavy rains on Puerto Rico and the Dominican Republic.

The latest: Fiona, which strengthened into a Category 2 storm Monday, has killed at least two people — one in Puerto Rico and another in the Dominican Republic, while at least one death has been linked to the widespread power outages Fiona caused in Puerto Rico, AP reports. The 70-year-old man died trying to refill his generator, officials said.

Hurricane Fiona continued to dump large amounts of rain on Puerto Rico as it moved away from land early Monday morning, contributing to widespread flooding across the island and leaving millions without power.

The latest: Puerto Rico Gov. Pedro Pierluisi said in a news conference Monday that the island’s National Guard had so far rescued over 1,000 people stranded in 25 cities or towns and more than 2,000 people had been housed in shelters.

Three blockbuster storms struck different coasts this weekend, causing widespread damage in Puerto Rico, Alaska and Japan.

The big picture: Each storm either exhibited unusual characteristics in its formation and intensification or in its interaction with built infrastructure.

An intensifying Hurricane Fiona is bringing heavy rains and high winds to Puerto Rico, knocking out power to the entire island.

The latest: The eye of Fiona was approaching the coast of the Dominican Republic, near the town of Punta Cana, as heavy rainfall and "catastrophic flooding" continued across much of Puerto Rico, the National Hurricane Center tweeted early Monday.

Western Alaska was reeling Monday from the most intense storm ever recorded in the Bering Sea during the month of September brought hurricane force winds and record high storm surge flooding along the coastline.

Threat level: Officials reported Norton Sound communities were still being affected by power outages, flooding and damages to homes, public buildings and roads, while water and sewage were also affected as the typhoon remnants and headed into the Chukchi Sea off Alaska's northwest coast Sunday evening.