Seven northeast states sued the Trump administration on Tuesday over its payment of $795 million to TotalEnergies to give up a wind lease in a coastal region off New York and New Jersey.
Why it matters: The deal with the French energy giant is among the White House's most aggressive moves targeting offshore wind development.
Princeton University's endowment on Monday abandoned its 2022 pledge to divest from publicly traded oil and gas companies, although it will comply with a trustee mandate to divest from thermal coal and tar sands companies.
What they're saying: Princo president Vincent Tuohey writes that the endowment will continue working toward a "net-zero endowment by 2046," but doesn't believe such divestitures are necessary to achieve that goal.
Analysts are starting to wonder if the world needs less oil than they thought it did when the Iran war started.
Why it matters: Decades ago, a global oil shock triggered permanent changes to the structure of the global economy, and signs are now emerging that it's happening again.
Gigascale Capital, the VC firm founded by ex-Meta CTO Mike Schroepfer, just announced a new $250 million fund to back startups "rebuilding the physical economy for climate impact."
Why it matters: It marks an evolution of the climate-focused firm Schroepfer launched in 2023 that supports early-stage startups.
