TotalEnergies is buying Shell's entire European onshore renewables business, the companies said Monday morning.
Why it matters: It signals the differing strategies of the multinational energy giants, as Shell pares back owning renewable assets to focus on its core oil and gas business.
Climate adaptation is increasingly moving from planning to real-world action as heat waves, droughts, wildfires, floods and hurricanes test communities across the U.S.
Why it matters: Even if greenhouse gas emissions decline, many communities are already facing more frequent or intense climate extremes, prompting officials to invest in infrastructure designed to reduce future damage.
Nearly eight months after President Trump predicted U.S. companies would "rapidly rebuild Venezuela's dilapidated oil industry" to boost production, no new petroleum deals have been finalized there with American firms.
The U.S. Department of Energy is largely to blame, a dozen oil industry professionals, senior U.S. officials and Venezuela insiders tell Axios.
Why it matters: The price of oil is climbing as the Iran war squeezes global supplies, spotlighting the absence of finalized deals in Venezuela — a nation with the highest estimated petroleum reserves on the planet.
Wildfires in Washington and Oregon have forced evacuations, caused power outages, and burned hundreds of thousands of acres as firefighters battle dozens of massive fires across the Pacific Northwest.
Why it matters: The blazes are among 99 active large fires burning across the U.S. as this year's wildfire season exceeds the 10-year average for both the number of fires and the acres burned, according to the National Interagency Fire Center.
