The US cattle industry is eating its own tail
From rising temperatures to water shortages, ranchers need to be thinking about a plan B
Economic news
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Shell faces fresh climate court case
Dutch non-profit activist group makes push to halt new oil and gas production
Revolut aims for $200bn valuation in stock market listing
Bumper IPO would trigger increased stake for founder Nik Storonsky but group has no plans to float shares before 2028
How the energy shock has reshaped jet fuel economics
Also in today’s newsletter, environmental groups sue to block BP’s $5bn deepwater drilling project
EU countries struggle to replenish gas reserves for winter
Iran war keeps prices high despite consumer demand dropping as heating season ends