More than Half of the US in Drought After Near-Record March Temperatures
A near‑record heat wave in March pushed more than half of the contiguous United States into drought, according to the U.S. Drought Monitor. Roughly 55% of the country now faces moderate to severe dryness, with the Southwest and Great Plains experiencing the most extreme conditions. The unusually warm March, the hottest on record for many stations, accelerated soil moisture loss and strained water reservoirs. Federal agencies warn that the early‑season drought could depress crop yields and increase wildfire risk later in the year.
Milei Win as Argentina Reviews Glacier Law to Boost Mining
Argentina’s new libertarian president Javier Milei is spearheading a review of the country’s glacier protection law, aiming to open previously off‑limits areas to mining. The proposal targets the mineral‑rich Patagonian glaciers, promising billions of dollars in foreign investment and new jobs....
Spain Warns EU Against Suspending Carbon Market to Try to Lower Energy Prices
Spain’s government warned the European Union that suspending the EU Emissions Trading System (ETS) to curb soaring energy prices would be counter‑productive. Madrid argues the carbon market is a cornerstone of the bloc’s climate agenda and that a pause could...
BlackRock, L&G and UBS Among 60 ESG Funds Holding BP Despite Pivot
A recent analysis identified roughly 60 ESG‑focused funds that continue to hold shares in BP, despite the oil major’s public commitment to a net‑zero emissions pathway. Among the largest custodians are BlackRock, Legal & General and UBS, which together represent...
Energy Ministers Fail to Agree on Climate Goals as US Drives Wedge
Energy ministers at the International Energy Agency meeting failed to produce a joint climate‑change communiqué, as U.S. Energy Secretary Chris Wright aggressively challenged the agency’s net‑zero agenda. European ministers, led by the UK, France and Spain, reaffirmed the importance of...
End of Electric Vehicle Euphoria Triggers $65bn Hit for Carmakers
Manufacturers rethink US strategy in pivot back to petrol and hybrids
Trump Orders US Defence Department to Buy Coal-Generated Electricity
Executive order also allocates $175mn to upgrade coal power plants in five states
Hyundai ‘Ready to Fight’ Chinese Rivals in Europe
South Korean automaker Hyundai announced it will not purchase carbon credits from rivals to satisfy the European Union’s emissions standards. Instead, the company plans to rely on its own decarbonisation programmes as it prepares to compete with a wave of...
