U.K. Prime Minister Boris Johnson confirmed that he will resign as leader of the Conservative Party and step down as prime minister once a replacement is selected. At least 59 members of Johnson’s ministers had resigned at the time of his remarks – nearly half of his government – amid a wave of scandals. The British pound jumped by nearly half a percent against the U.S. dollar and stocks rallied following media reports of Johnson’s imminent resignation.

The spike in fertilizer prices sparked by the war in Ukraine is threatening to push countries around the world into famine, a U.N. official warned. Russia and its ally Belarus are the world’s No. 2 and 3 producers of a key ingredient of fertilizer. Fertilizer makers’ shares have been dragged down in recent weeks by declining crop prices, but remain above where they traded pre-pandemic. Farming margins have been high for several years, which largely offset hikes in fertilizer costs.

Gas consumption is down in nearly every state, putting the U.S. at the same levels it was at in the mid-1990s. The shift is likely the result of rising gas prices and a growing interest in alternative-fuel cars. Millions of motorists have adjusted their lives to become fuel-efficient – more than half the drivers in one survey said they are driving less and 3 in 10 said they are driving more slowly. The number of Americans interested in buying an electric vehicle is also growing as the U.S. sees improvements to its charging networks and more lower-priced EVs come to market.

Corporate commitments to carbon neutrality continue to surge as business leaders race to realign strategic priorities with consumer, investor and regulatory pressure for climate action. Companies ranging from Xerox to Walmart to Delta Airlines have pledged to become net-zero and 38% of Fortune 500 companies have delivered a significant climate milestone or publicly committed to doing so by 2030. The central African nation of Gabon plans to issue the world’s biggest carbon credit load by November, but the move has exposed the politics of the carbon market, prompting concern from market participants.

Lawmakers in Texas said families of the Uvalde shooting victims are experiencing delays in getting compensation benefits from the state. Local and state officials announced last month they would provide long-term support services to residents after the school shooting in May. Some survivors and families of victims in previous mass shootings have expressed confusion over how funds are used, as there is often no easy way to track where the money will go or what it will be spent on. Fundraising scams have also become commonplace, prompting the crowdfunding platform GoFundMe to launch a centralized hub of verified fundraisers.

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