Axios

Climate change is set to cause a 4.7-fold surge in heat-related deaths by mid-century if government inaction on global warming continues, a report published Tuesday found.

The big picture: The world is on track for 2.7°C (4.86°F) of heating by 2100 unless swift action is taken to lower emissions, according to the annual Lancet Countdown on Health and Climate Change report.

Liquefied natural gas export capacity from North America is slated to more than double by 2027.

Why it matters: The U.S. is already the world's largest LNG exporter, and developers see a robust market going forward.

Swiss commodities giant Glencore on Tuesday has agreed to buy a majority stake in the coal unit of Canada's Teck Resources for $6.93 billion, months after its $22.5 billion takeover offer for all of Teck was rejected.

The big picture: This is an acquisition for the sake of divestiture, as Glencore within two years plans to spin off its entire coal business via a listing on the NYSE.

A new analysis of countries' climate plans heading into the UN climate summit later this month shows countries are falling short on their emissions pledges.

Why it matters: The accounting of national emissions pledges shows a gap between current emissions pathways and Paris Agreement targets.

A sweeping new federal report finds the effects of climate change are increasingly evident across the U.S., from the Florida Keys to Alaska, and argues for transformational adaptation policies and steep emissions cuts.

Driving the news: The Fifth National Climate Assessment (NCA5) shows how warming is rippling across regions and economic sectors, and emphasizes the steps governments are already taking to better adapt.

It's easy to over-interpret the death of small modular reactor firm NuScale's Idaho project, but it nonetheless has lessons — and omens — for the future.

Catch up fast: Utah Associated Municipal Power Systems and NuScale last week said there weren't enough buyers for the project's increasingly costly energy.

After months of vague signals, Exxon just vowed to become a "leading producer" of lithium for electric vehicles.

Why it matters: It's a major expansion of the oil giant's diversification strategy, at a time when EVs are becoming a major focus for automakers, even in the face of operational and political headwinds.

This weekend saw the launch of a new, high-resolution satellite that can track global carbon dioxide emissions down to the power plant level.

Why it matters: Known as GHGSat's "Vanguard," the spacecraft is part of a new generation of monitoring tools to pinpoint CO2 and methane emissions, both potent planet-warming gases .