The preliminary agreement may not have an immediate effect on prices at the pump. Damaged infrastructure and risky transport could keep costs up.

© Jenny Kane/Associated Press

The amount of oil and fuel stored by businesses and governments has fallen sharply since the start of the U.S.-Israeli war against Iran.

© The New York Times

The AI boom is ushering in a new era for energy storage. As data center buildout accelerates, batteries are evolving from short-duration backup tools into larger, more flexible systems that can help bring facilities online faster and manage complex power needs. In the US in particular, a growing pipeline of projects is emerging, with batteries increasingly paired with on-site generation or used to smooth demand and unlock faster connections to the grid. So how are data centers changing the energy storage market, and what role could these systems play in the power grid of the future? On today’s show, Tom Rowlands-Rees is joined by, Caitilín McManus, a technology and innovation associate at BloombergNEF, to discuss her recently released note “Data Centers’ Energy Storage Ramp Up: Project List Grows.”

An oil price rally has been evasive even though the Strait of Hormuz is largely closed and inventories are falling sharply. The oil market is dealing with a temporary supply disruption on top of a structurally bearish backdrop. BloombergNEF’s oil price modeling reflects the possibility that Brent futures have already peaked just above $104 per barrel, or are close to peaking, when measured on a monthly average basis. Once the shock effect starts to fade, attention is likely to shift back to slowing demand growth and rising supply.

Some will question its credibility – but the alternative future to the one imagined in the Global Justice Report is far more bleak

• ‘An equal and habitable world is possible’: academics set out sweeping vision for planetary survival

In our increasingly dystopian world, who wouldn’t want to at least be open to a utopian antidote? The Global Justice Report, published on Thursday, outlines how to build a prosperous, equitable world within safe planetary boundaries. It’s a push from the modern eco-socialist left in a global battle for ideas that will shape the future.

Based on past social achievements and future energy transformation, it indicates that the overwhelming majority of people on the planet could, by the end of the century, work less and earn more – while keeping temperatures down and avoiding much of the current destruction of nature. It is an ambitious, comprehensive and upbeat plan, and a stronger argument around which to build a political campaign than abstract goals of net zero or decarbonisation.

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© Photograph: Emmanuel Croset/AFP/Getty Images

© Photograph: Emmanuel Croset/AFP/Getty Images

© Photograph: Emmanuel Croset/AFP/Getty Images

The AI boom is ushering in a new era for energy storage. As data center buildout accelerates, batteries are evolving from short-duration backup tools into larger, more flexible systems that can help bring facilities online faster and manage complex power needs. In the US in particular, a growing pipeline of projects is emerging, with batteries increasingly paired with on-site generation or used to smooth demand and unlock faster connections to the grid. So how are data centers changing the energy storage market, and what role could these systems play in the power grid of the future? On today’s show, Tom Rowlands-Rees is joined by, Caitilín McManus, a technology and innovation associate at BloombergNEF, to discuss her recently released note “Data Centers’ Energy Storage Ramp Up: Project List Grows.”

Exclusive: Cache of internal documents leaked to the Guardian and the ABC’s Four Corners show multinational has war-gamed ways to massively delay decarbonisation

• Revealed: the internal BHP memo that slammed the brakes on world’s biggest miner’s climate push

• Read more from the BHP files investigation here

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The world’s biggest miner has halted or delayed projects to cut vast amounts of emissions and has quietly war-gamed options to push major climate investments in its Western Australian iron ore operations into the next two decades, internal documents show.

An exclusive investigation based on documents leaked to the Guardian and the ABC’s Four Corners can reveal that BHP, one of Australia’s biggest historic emitters, has dumped plans for a facility that could have significantly reduced emissions and has put on ice renewable projects designed to power its iron ore operations in the vast, resource-rich Pilbara region.

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© Illustration: Guardian Design

© Illustration: Guardian Design

© Illustration: Guardian Design

Exclusive: BHP once dubbed climate change an ‘existential’ threat. But leaked documents show it has backtracked on decarbonisation at a vast network of mines

• Read more from the BHP files investigation here

In the middle of 2019, London was sweltering through a heatwave.

Temperature records tumbled. Frail, ill and elderly people died in their hundreds.

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© Composite: Guardian

© Composite: Guardian

© Composite: Guardian

An analysis of oil export data offers clues about which nations have benefited from higher prices, and which have lost a lot of revenue.

© The New York Times

The US energy landscape is changing quickly. Demand for artificial intelligence is driving up power demand while electric vehicle (EV) adoption slows down and enters a more complex phase. Together, these trends are reshaping how utilities, policymakers, financiers and automakers respond to emerging challenges in the energy sector.

Copper is the unsung hero of the energy transition—powering everything from electric vehicles and data centers to tomorrow’s grids. But as global ambitions for electrification accelerate, copper is caught in the crossfire of structural supply shortfalls, decades of underinvestment, tariffs, and shifting industrial policies.