Over 380,000 customers were without power on Monday morning across the Southern U.S. after strong storms struck the region with high winds and hail over the weekend, according to poweroutage.us.
The big picture: Swaths of Arkansas, Mississippi and Louisiana hit by the storms and without power were also under excessive heat and severe thunderstorm warnings by the National Weather Service.
A database that infrastructure planners use to determine how best to design a bridge, building or new tunnel vastly understates the risk of extreme precipitation events, a report shows.
Last week's climate finance summit in Paris went a considerable way — but perhaps not far enough — to quell demands from developing nations for more funding to help offset the costs of climate change, and the transition to clean energy.
Why it matters: Global climate talks are riven by persistent issues of fairness and trust, with industrialized countries so far failing to deliver on promised climate funds.
Over 50 million people in the southern U.S. were under heat advisories and many others were facing the threat of severe weather that spawned tornadoes and thunderstorms over the weekend and into Monday.
State of play: The severe storms saw an estimated 168,000 customers lose power in Georgia, along with some 132,000 others in both Kentucky and Tennessee and a further 126,000 in Arkansas early Monday, while a series of suspected tornadoes late Sunday damaged property in Indiana and killed a person in the state's Martin County.
BlackRock CEO Larry Fink said he's no longer using the term "ESG" (environment, social and governance) because it is being politically "weaponized" and he's "ashamed" to be part of the debate on the issue.
Why it matters: How the world’s largest asset manager frames its investment approach is a leading indicator for the market. BlackRock manages $9.2 trillion.
