Economy & Business

"Major corporations in water-guzzling industries such as clothing, food, beverage and technology want to be better stewards of the freshwater they use — especially as drought, floods and other extreme weather intensified by climate change threaten their supply chains. But of 72 companies ranked by a sustainability nonprofit over the past year, few are close to achieving their 2030 targets."

"U.S. banks will face pressure to address the financial threats of climate change — including in underserved communities — under two new sweeping regulatory actions."

"Sultan Al Jaber, CEO of the UAE’s national oil company, secured the COP28 presidency despite questions over his green credentials."

"Sen. John Fetterman (D-Pa.) and seven House Democrats asked the Government Accountability Office (GAO) to review potential environmental damages caused by idled coal mines."

"Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge."

"Every year, tourists from across the globe flock to the south-west corner of Puerto Rico to witness a phenomenon found in only a few select locations worldwide."

"Natural disasters now cost the U.S. insurance industry $100 billion a year. What happens when no one wants to pick up the tab?"

"This story is the first in a four-part Grist series examining how climate change is destabilizing the global insurance market. It is published in partnership with the Economic Hardship Reporting Project.

"ExxonMobil has sealed a $59.5 billion (€56 billion) deal to acquire shale oil giant Pioneer Natural Resources, the companies announced on Wednesday, marking the oil giant's biggest acquisition since the late 1990s buyout of Mobil by Exxon. ... It also demonstrates ExxonMobil's commitment to fossil fuels even as climate concerns become ever more pressing."