Macro

Southern California Gas Co. has permanently stopped a massive methane leak at its Aliso Canyon facility, which had been ongoing since October and displaced nearly 15,000 residents. The incident, one of the largest in U.S. history, has drawn scrutiny toward aging infrastructure and weak regulatory oversight, with implications for energy safety standards and potential financial liabilities for parent company Sempra Energy.

The U.S. Supreme Court blocked the Obama administration's Clean Power Plan, a key climate initiative targeting CO2 emissions from power plants, following a legal challenge by 27 states and industry groups. The 5-4 decision delays implementation while litigation proceeds, undermining U.S. emissions targets and raising doubts about the regulation's survival, with significant implications for energy policy and future climate commitments.