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There are thousands of dirty old drill sites in Colorado. The state gave oil firms a $1bn pass

Investigation reveals regulator let firms off the hook on cleanup bonds despite backlog that will take decades to clear

When Christiaan van Woudenberg moved to Erie, Colorado, in 2007, he never imagined he would become an anti-fracking activist. He simply thought he was buying his dream home – a four-bedroom with a panoramic mountain view, 30 minutes north of downtown Denver.

Then, in 2014, the drilling started. Oil and gas rigs sprang up, some just 800ft (240m) from his bedroom window. The dream turned to nightmare: loud noises rumbled all night long, and the air stank like exhaust. Neighbors started getting headaches and nosebleeds, and Van Woudenberg developed new respiratory issues. He kept his windows shut and worried about his daughters going outside.

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© Composite: Rita Liu/The Guardian/Getty Images/Civitas/Chevron/OXY

© Composite: Rita Liu/The Guardian/Getty Images/Civitas/Chevron/OXY

© Composite: Rita Liu/The Guardian/Getty Images/Civitas/Chevron/OXY

Google owner Alphabet to sell $80bn in stock to fund AI spending spree

Markets take note as world’s biggest equity fundraiser bids to garner more money than three biggest-ever IPOs combined

Google’s parent company, Alphabet, has said it plans to raise up to $80bn (£59bn) in equity to fund its vast artificial intelligence infrastructure investments, raising further questions over the economics of the AI boom.

The move, the largest equity fundraising ever according to analysts, includes a $10bn share sale to the US investment group Berkshire Hathaway, which was led until last year by Warren Buffett.

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© Photograph: Algi Febri Sugita/ZUMA Press Wire/Shutterstock

© Photograph: Algi Febri Sugita/ZUMA Press Wire/Shutterstock

© Photograph: Algi Febri Sugita/ZUMA Press Wire/Shutterstock

Alphabet’s shares drop after announcing $80bn share sale, as AI threatens to drive up youth unemployment – as it happened

2 June 2026 at 16:41

Rolling coverage of the latest economic and financial news

In a landmark moment, gold has overtaken US government bonds as the world’s top reserve asset, according to calculations from the European Central Bank.

The ECB says that gold made up 27% of total official foreign reserves at the end of 2025, ahead of US Treasuries (22% of reserves) and the euro (15%).

Forces of fragmentation are becoming more pronounced. Geopolitical tensions continue to drive strong central bank demand for gold.

In nominal terms, the gold price surged by around 60% and 30% in 2025 and 2024 respectively, which mechanically increases the share of gold in total official foreign reserves.

Correcting for such valuation effects by using the gold price at the end of 2023, the share of the euro (16%) remains at par with the share of gold (16%), while the share of US Treasuries continues to be markedly higher (26%).

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© Photograph: Bloomberg/Getty Images

© Photograph: Bloomberg/Getty Images

© Photograph: Bloomberg/Getty Images

COVID-era assistance policies may have reduced food insecurity, housing instability

1 June 2026 at 22:00
In 2018, Caitlin Caspi started a five-year research project looking at how raising the minimum wage could impact nutrition-related health outcomes. Caspi is an associate professor of allied health sciences in the College of Agriculture, Health and Natural Resources (CAHNR), associate director of InCHIP, and the director of food security initiatives for the UConn Rudd Center for Food Policy and Health.

COVID-era assistance policies may have reduced food insecurity, housing instability

In 2018, Caitlin Caspi started a five-year research project looking at how raising the minimum wage could impact nutrition-related health outcomes. Caspi is an associate professor of allied health sciences in the College of Agriculture, Health and Natural Resources (CAHNR), associate director of InCHIP, and the director of food security initiatives for the UConn Rudd Center for Food Policy and Health.

Anthropic Files to Go Public

By: BeauHD
1 June 2026 at 21:00
Anthropic says it has confidentially filed an IPO prospectus with the SEC, "setting up a potentially historic share sale for investors ready to jump into artificial intelligence," reports CNBC. The move puts Anthropic ahead of OpenAI's expected filing and follows explosive reported growth, a massive new valuation, major infrastructure deals, and ongoing tensions with the Pentagon over its models. From the report: "This gives us the option to go public after the SEC completes its review," Anthropic said in a statement on Monday. "The proposed initial public offering will depend on market conditions and other factors." Submitting a confidential prospectus doesn't lock Anthropic into a certain timeframe for going public. Its official prospectus just has to land in the hands of investors at least 15 days before the company begins a roadshow. [...] The company has experienced explosive growth this year, announcing in May that its revenue run rate has ballooned to $47 billion, up from $10 billion in annual revenue last year. Last week, it closed a funding round at a $965 billion valuation, topping OpenAI, which was valued at $852 billion in late March.

Read more of this story at Slashdot.

Faster renewable shift could save EU billions, analysis shows

1 June 2026 at 20:00
Recurring geopolitical tensions and energy import limitations have raised energy prices across the European Union (EU), exposing a gap in energy supplies and vulnerabilities in energy security. With energy prices showing no signs of returning to pre-2020 levels, a critical re-evaluation of the EU's energy transition strategies is imperative.

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