Axios

Charm Industrial, a carbon removal startup that counts corporate giants among its customers, has closed a $100 million Series B round.

Why it matters: It's a big expansion of Charm's resources. Prior fundraising totaled $25 million, a representative tells Axios.

The White House and crude traders both had shrug-emoji responses to Saudi Arabia's oil production cut.

🏃🏽‍♀️Catch up fast: A contentious weekend OPEC+ meeting brought Saudi plans to slash output by 1 million barrels per day next month — and possibly longer.

Over 500,000 words from climate change resources have been translated from English into dozens of languages, thanks to the combined forces of a global network of volunteers and one AI-powered model.

Why it matters: A fusion of tech and climate, ventures like these are eliminating hurdles that bar non-English speakers from engaging with the worldwide climate movement.

Decisions by two major insurers to stop offering new homeowner's policies in California highlight the growing portion of America that's becoming close to uninsurable.

Why it matters: The threat of climate change-related disasters is a large factor driving up consumer costs and putting insurers out of business in parts of California, Florida, Louisiana and elsewhere.

A pilot and three passengers were killed in a plane crash that prompted officials to place the U.S. Capitol complex on alert Sunday afternoon.

State of play: Federal investigators said they expected to be at the scene for several days to determine why the plane went off course and collided into a mountain in heavily wooded and rural terrain some two to three miles north of Montebello, Virginia.

Saudi Arabia helped end a cliffhanger over OPEC+ oil production levels but created fresh suspense — and potentially higher energy prices — in the process.

Driving the news: The kingdom will cut output by 1 million barrels per day in July, and then decide whether to continue with the lower output.

After last year's Bonn Climate Change Conference ended in a stalemate, food policy organizations across the world are heading into two weeks of U.N. climate talks with mixed expectations.

Why it matters: The talks in Bonn, Germany will help sharpen the agenda for COP28 in November, a crucial convening of world leaders that already has faced some backlash over its president-designate.

The upcoming United Nations climate summit in Dubai will be aimed at closing the gap between Paris Agreement's climate goals and global emissions commitments, according to COP28 director-general Majid al-Suwaidi.

Why it matters: COP28 is viewed as a last-ditch effort to limit warming to the most ambitious Paris target of 1.5°C (2.7°F) above preindustrial levels by 2100, by bending the trajectory of emissions sharply downward.