Green

• El Niño Emerges in Pacific, Raising Heat and Crop Risks
  El Niño has formed across the equatorial Pacific, setting the stage for months of droughts, floods and temperature fluctuations that will threaten communities worldwide along with agriculture and energy.
• Britain’s Garden Habits Are Making Their Homes Harder to Insure
  As the UK moves from a record-hot May into an unseasonably wet June, the risk of flooding is being exacerbated by a proliferation of paved gardens, according to the country’s flood insurer of last resort.
• Solar Passes Coal in Historic Shift for US Electricity Mix
  Solar overtook coal in US power generation in May, the first time the renewable source bested the fossil fuel in a calendar month.
• NYC Pensions Boss Says SpaceX’s Disregard for Shareholders Has ‘No Precedent’
  New York City Comptroller Mark Levine says the unprecedented control that Elon Musk will have over SpaceX represents a new level of disregard for regular shareholders’ rights.
• GM Pivots to Energy Storage on AI Demand, Following Ford’s Lead
  General Motors Co. is pushing into stationary electricity storage through a partnership with startup Peak Energy Technologies, tapping into both a growing market fueled by demand from artificial intelligence and investor hype that recently boosted rival Ford Motor Co.’s shares.
• Stellantis Recalls Over 1 Million Jeep Vehicles Due to Fire Risk
  Stellantis NV is recalling more than 1 million Jeep vehicles in the US over an electrical issue that could result in a fire, saying that owners should park outside and away from other cars until the problem is fixed.
• NYC, Northeast Face Sweltering Heat as World Cup Matches Begin
  Hot weather will settle over New York and the US Northeast through the end of the week, bringing temperatures in the 90s to several cities hosting FIFA World Cup matches this weekend.
• Dutch Grid Calls for Backup Power Supply as Shortages Loom
  The Dutch grid operator called for additional measures to safeguard electricity supply as surging demand and the transition from fossils fuels threaten power shortages by the turn of the decade.
• Brookfield’s Neoen to Spend $7 Billion Doubling Australian Renewables Folio
  French renewables developer Neoen SA expects to spend about A$10 billion ($7 billion) to more than double its Australian portfolio to 10 gigawatts by 2030.