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Sustainability

An Arc'teryx jacket.
Lifestyle

The Quest to Ban the Best Raincoats in the World

Why Patagonia, REI, and just about every other gear retailer are going PFAS-free.

AM Briefing

New Fees for Offshore Wind

On Fervo’s blowout, nuclear investment, and Indian solar

Blue
AM Briefing

A Rare Earths Civil War

On Last Energy’s milestone, California CCS, and RFK Jr. vs. microplastics

Yellow
AM Briefing

Nuclear Option

On Chinese nuclear exports, Canadian LNG, and Otovos U.S. push

Yellow
Oil production.

Oil Prices Slip

On a California chem leak, solar manufacturing, and BHP’s climate retreat

Blue
The Hoover Dam.

Trump Pumped on Hydro

On Exxon’s Venezuela flipflop, SpaceX’s fears, and a nuclear deal spree

Blue
AM Briefing

It Starts With a Trickle

On Penn Station, Boston Metal, and a fixing solar panels

A Wall Street trader.
<p>Heatmap Illustration/Getty Images</p>

Current conditions: The Northeast heatwave is breaking, with temperatures set to crash by as much as 50 degrees Fahrenheit over the Memorial Day weekend • The Sandy Fire just north of Los Angeles has now prompted mandatory evacuation orders for more than 10,000 homes in Ventura County, California • It’s the United Nations’ International Tea Day, and Myanmar’s Shan State — widely considered the birthplace of Camellia sinensis — is in the midst of intense rainstorms expected to last through at least the beginning of June.


THE TOP FIVE

1. Oil prices drop 6% after two China-bound tankers cross the Strait of Hormuz

The blockade at the heart of the global energy crisis right now appears to be softening. On Wednesday, the Financial Times reported that two supertankers shipping Iraqi oil to China made it through the Strait of Hormuz. A third megavessel carrying Kuwaiti crude to South Korea also appeared in shipping data to be crossing the narrow waterway at the mouth of the Persian gulf before its transponder went offline. The three ships are ferrying a combined 6 million barrels of crude, which the newspaper noted may be the largest volume to leave the Gulf in a single day since the end of February, when the U.S. and Israel began bombing Iran. An analyst from the data company Kpler said the ships steered through a route designated by Iran, suggesting “there was a deal done” with Tehran. If, as analysts told Heatmap’s Matthew Zeitlin back in March, “the time lag in global arrivals also helps explain why the physical market is only now starting to bite,” the latest shipments may loosen the jaws a bit.

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Ideas

The Shocking Predictability of Shein’s Big Everlane Deal

The founder of one-time sustainable apparel company Zady argues that policy is the only that can push the industry toward more responsible practices.

A polluting sewing machine.
<p>Heatmap Illustration/Getty Images</p>

Everlane’s reported sale to Shein has left many shocked and saddened. How could the millennial “radical transparency” fashion brand be absorbed by the company that has become shorthand for ultra-fast fashion? While I feel for the team within the company that cares about impact reduction, I am not surprised by the news.

Everlane was built around a theory of change that was always too small for the problem it claimed to address — that better brands and more conscientious consumers could redirect a coal-powered, chemically intensive, globally fragmented industry.

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