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.
