New York City saw it coming. In May, in the kind of clarifying document that invariably gets noticed when it’s too late, the city mapped out the sort of devastation that Hurricane Ida would bring just a few months later. The message of the New York City Stormwater Resiliency Plan is that, weatherwise, the scale of everything has changed. The ...

From the way some analysts have been talking lately, you’d think that energy markets obeyed some version of the butterfly effect, where flapping wings will determine the formation of tornadoes weeks later. Call it the BlackRock Inc effect: Larry Fink needs only to whisper the words “ESG,” and natural gas and coal markets will explode 21 months into the future. ...

As fuel ran short at UK pumps and “eco-warriors” brought London’s highways to a standstill, Boris Johnson was in the midst of a bravura speech at the Conservative party conference, full of relentless good cheer. Right-wing think tanks, usually supportive of the Tories, disliked the speech for different reasons than the usual Boris-bashers. The Adam Smith Institute called it “economically ...