** President Donald Trump has raised tariffs on Indian imports to 50% as part of an ongoing row with New Delhi over its purchase of Russian oil, Forbes reported. The move came the same day that special envoy Steve Witkoff met with Russian President Vladimir Putin.
** Fallout from the One Big Beautiful Bill will curb rooftop solar installations by as much as 46% through 2030, Wood Mackenzie estimates.
** Occidental Petroleum leads the fossil fuel industry in capturing carbon and using it to boost extraction, positioning the company to take advantage of a tax credit expanded in the One Big Beautiful Bill.
** Tesla’s brand loyalty in the U.S. has plunged since Elon Musk endorsed President Trump last summer, S&P Global Mobility data shows.
** The Department of the Interior has approved a mining plan modification for the Rosebud Mine in Rosebud and Treasure counties, Montana. The decision enables the recovery of approximately 33.75 million tons of federal coal and extends the mine’s operation through 2039. It marks the second-largest federal coal mine expansion approved since the beginning of the second Trump administration.
** A 2026 Chevrolet Silverado EV went 1,059.2 miles on a single charge during a range test executed by a General Motors engineering team. That’s a world record, GM says, blowing past a 749-mile record set by Lucid last month.
World
** Mexico’s government on Tuesday said it aimed to cease funding Pemex by 2027 when the highly-indebted state energy company should become financially self-sufficient, helped by a series of measures to bring down debt and stabilize production.
**Record-breaking temperatures are sweeping across Europe, driven by a dangerous combination of atmospheric and oceanic extremes. As of Tuesday, 16 regions of France, including the capital, were placed on red alert — the country’s highest heat warning. Even the Eiffel Tower’s is closed.
** British energy giant BP announced Tuesday its biggest oil and gas find in decades in the South Atlantic, amid a pivot back to its fossil fuel roots and away from renewable energy.
** Russian President Vladimir Putin on Wednesday signed a decree that would allow Russia to increase its greenhouse gas emissions by a fifth by 2035 compared with 2021 levels. Russia, the world’s fourth-largest emitter of planet-warming carbon dioxide gas, aims to achieve net zero emissions by 2060.
