A top arbiter of corporate climate plans faces an internal revolt over a decision by its leadership to endorse tapping the carbon markets, and using carbon offsets, as an emissions-cutting tool.
Why it matters: The Science-Based Targets Initiative is viewed as one of the most stringent, science-based groups. Companies strive to meet its targets and methodology to claim their climate action bona fides.
Summer hasn't even started yet, but oil markets are already making things uncomfortably hot for the White House.
Why it matters: Crude's recent rise, which feeds into higher inflation and pump prices, heightens President Biden's political jeopardy amid an already tough reelection campaign.
Heavy, relentless rains flooded Pittsburgh-area streets and prompted water rescues Thursday night, as a severe storm system threatened parts of the eastern U.S. into Friday.
The big picture: A rare flash flood emergency, the National Weather Service's highest flood alert category, was issued for parts of Pittsburgh, where up to 4 inches of rain had fallen just before 9:30pm Thursday.
The top UN climate official used jarring, controversial framing in a stark speech in London on Wednesday, claiming we only have "two years left to save the world."
Why it matters: Simon Stiell's speech laid out the stakes for meeting the Paris targets before multiple international gatherings, elections and deadlines, starting with World Bank-IMF spring meetings next week.
Students at leading U.S. and European MBA programs are pushing the next generation of business leaders to integrate sustainability into the core of their careers.
Driving the news: The Climate Legacy Commitment was launched last month by two University of Cambridge MBA candidates and has since been signed onto by students at each of the top programs in the "Magic Seven" elite business schools in the U.S.
National Grid Partners, the venture arm of the U.K.-based utility company, invested a total of $17 million last quarter in three startups: Captura, Luminance, and Transcend.
The big picture: Investing in startups that can improve mundane operational tasks is of as much interest to NGP as backing energy-related innovations.
