The number of ships that can travel through the vital route has fallen sharply this year because of a lack of water for the locks, raising costs and slowing deliveries.
Category: Global Warming
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Shipping Contributes Heavily to Climate Change. Are Green Ships the Solution?
The container shipping lines that carry the bulk of global trade are betting on greener technologies, but there are still many reasons those wagers could fail.
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Chasing Big Mergers, Oil Executives Dismiss Peak Oil Concerns
Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.
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Gavin Newsom Wants to Export California’s Climate Laws to the World
The Democratic governor is supercharging climate policy and eyeing a future White House run. But critics say some of his constituents could be left behind.
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Why Olive Oil Is So Expensive Right Now
Prices have more than doubled as extreme weather hit crops in Spain, Italy and elsewhere. The upcoming harvest isn’t looking much better, so that drizzle of oil on your salad may remain costly.
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The Salmon on Your Plate Has a Troubling Cost. These Farms Offer Hope.
Land-based aquaculture is still coming into its own, but it stands to upend an industry plagued by environmental concerns.
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Biden Administration Awards $7 Billion for 7 Hydrogen Hubs Across the U.S.
Clean hydrogen could help fight climate change, but it barely exists today. Now the administration wants to build an entire industry from scratch.
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Energy Firms, Green Groups and Others Reach Deal on Solar Farms
The agreement could help speed up the development of large solar projects that are often bogged down by fights over land use and environmental concerns.
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Exxon Acquires Pioneer Natural Resources for $60 Billion
The acquisition of Pioneer Natural Resources, Exxon’s largest since its merger with Mobil in 1999, increases the company’s presence in the Permian basin in Texas and New Mexico.
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U.S. Scales Back Hopes for Ambitious Climate Trade Deal With Europe
A negotiating deadline is quickly approaching, and the United States has lowered its expectations for a groundbreaking trade deal.
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Fragile Global Economy Faces New Crisis in Israel-Gaza War
A war in the Middle East could complicate efforts to contain inflation at a time when world output is “limping along.”