The U.S. Supreme Court has agreed to take up a climate lawsuit that pits local governments in Colorado against global energy giants ExxonMobil and Suncor.

The high court on Monday officially decided to put the case on its calendar after the energy companies filed a petition to determine whether federal law prevents state-law claims for interstate emissions.

The petition was filed after a May 2025 Colorado Supreme Court decision in the case affirmed the power of local jurisdictions to seek compensatory relief for climate-related damages within state courts.

In this case, the local governments of the City of Boulder and Boulder County are seeking monetary damages for environmental harm such as wildfires and floods, alleging the defendants misled the public about the climate risks associated with fossil fuels.

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The U.S. Supreme Court on Monday agreed to take up a climate lawsuit that pits local governments in Colorado against global energy giants ExxonMobil and Suncor. (Mandel Ngan/AFP via Getty Images, File)

The Colorado Supreme Court ruled that the case could proceed in state court after the energy companies argued unsuccessfully that the claims were preempted by federal law, specifically the Clean Air Act, or should be governed exclusively by federal common law.

The U.S. Supreme Court building is seen at night in this undated photo. (iStock)

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While the Colorado Supreme Court allowed most claims, including public nuisance, trespass and unjust enrichment, to move forward, it dismissed a specific consumer protection claim as time-barred.

The facade of the U.S. Supreme Court in Washington, D.C., on Oct. 3, 2024. (Valerie Plesch/picture alliance/Getty Images)

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A dissenting justice, however, warned that the ruling could create a chaotic patchwork of local regulations on an issue that is inherently international in scope.

The Supreme Court will hear oral arguments in the case during its next term, which begins in the fall.

It has secured a new funding facility from HSBC and the Development Bank of Wales

Leading importer and distributor of industrial tools, nails and fasteners for the UK construction sector, Spotnails, has secured a near £3m new debt facility to supports its expansion. The Caerphilly-based company, which has operated for more than 70 years, has received a £1.7m loan from HSBC UK and a £1.2m loan from the Development Bank of Wales.

The refinance allows Spotnails to restructure existing facilities, including the buyout of earlier development bank equity, while sustaining its long-term relationship with both lenders.

This latest investment marks the continuation of a partnership with the development bank which began in 2019, when it provided £1.7m to support a management buyout enabling managing director Craig Bates to acquire the company from its previous owners. A £500,000 equity warrant followed in 2023 to help accelerate the company’s expansion plans.

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The development bank has provided patient capital and strategic support that has underpinned Spotnails’ evolution – from the management buyout through to its current growth phase.

The new capital provides Spotnails with fresh scope to grow, following a recent move to a larger warehouse, the recruitment of two additional staff, and the launch of a new e‑shop.

Managing director Mr Bates, said: “The development bank has been really good to us over the last six years. This new joint investment with HSBC UK gives us the headroom we need to continue expanding and to pursue sustainable growth.

“We needed to restructure our funding, and were keen to maintain our link with the development bank given the strength of our relationship with them to date, and the value that relationship has added to our business. It’s a win‑win all round.”

Kabitah Begum, senior portfolio executive at the Development Bank of Wales, said: “We’re pleased that our long-term relationship with Spotnails has helped put the business in a strong position for further growth. This joint funding package with HSBC UK enables us to continue our partnership following what would otherwise have concluded a successful cycle of investment.

“Our £1.2m loan, delivered alongside HSBC UK’s support, gives Spotnails the platform to keep expanding, and we look forward to continuing our work with them as a long-term partner, providing value over and above our investment.”

Donagh Kenny, relationship manager at HSBC UK, said: “Spotnails has spent more than seven decades building a strong heritage in the Welsh construction sector, so it’s great to be able to back a business whose longstanding history continues to shape its ambition for the future. This joint funding package gives the company the headroom to keep evolving and investing with confidence. We’re proud to work alongside the Development Bank of Wales to help drive the next chapter of Spotnails’ growth.”

Mony Group recorded its highest ever revenues of £446 million in 2025, with its home services division surging by a third thanks to increased energy switching activity among UK households

The parent company of MoneySuperMarket has revealed it capitalised on a surge of households switching their energy deals last year, helping counterbalance weaker car insurance activity amid declining prices.

Mony Group, which also operates brands including MoneySavingExpert and Quidco, posted its highest ever revenues of £446 million for 2025 – up 2% on the previous year.

The business highlighted a stronger performance within its home services division, which jumped by a third over the year, largely due to increased energy switching activity.

This reflected more energy suppliers opting to join the platform to attract customers following Ofgem’s price cap announcements.

MoneySuperMarket is a price comparison website that operates by receiving a payment from the firms that list on the platform.

It also benefited from an 8% rise in its revenues for its money arm, thanks to more customers switching credit cards and stronger demand for savings and ISA comparisons.

This helped offset weaker sales for its insurance arm – the division that generates the most revenues – which were down by 1% year-on-year.

MoneySuperMarket, which has a Manchester tech hub, was affected by fewer people searching for car insurance deals in a year that premiums fell by approximately 9% on average.

The firm had benefited from a surge in insurance revenues in 2024 when soaring premium prices drove higher levels of switching.

Deeside-basedMony Group reported a pre-tax profit of £80.7 million for 2025, roughly 1% higher than the prior year. Meanwhile, the firm said opportunities to harness artificial intelligence (AI) were “powering” it into 2026.

It recently unveiled a price comparison app on AI chatbot ChatGPT, enabling people to obtain car insurance estimates or search for other household deals.

Peter Duffy, Mony Group’s chief executive, said: “2025 was another year of great progress for the group and we’re delighted to have helped households save an estimated £2.8 billion.

“Our leading data and tech architecture, combined with the power of our brands, has positioned us exceptionally well to harness the opportunity of AI, and is powering our momentum as we head into 2026.”

General Motors is recalling more than 43,000 Chevrolet, GMC and Cadillac SUVs due to a transmission issue that could potentially increase the risk of a crash.

The recall affects 17,178 Chevrolet Tahoes, 7,616 Chevrolet Suburbans, 7,820 GMC Yukons, 5,270 GMC Yukon XLs, 3,609 Cadillac Escalades and 2,239 Cadillac Escalade ESVs, all from model year 2022.

All models under the recall are equipped with a 10-speed transmission with an electronic transmission range select system, GM said.

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A model year 2022 Chevrolet Tahoe is seen driving. (Chevrolet )

The recall report, filed with the National Highway Traffic Safety Administration, said a transmission control valve in some of the vehicles could be susceptible to excess wear over time, which may lead to a gradual loss of pressure. Drivers may notice harsh shifting if their vehicle is affected by the issue.

In rare cases, the rear wheels may experience a brief lockup or may remain locked, increasing the risk of a crash, the report said.

A model year 2022 Chevrolet Tahoe seen parked outside. (Chevrolet / Fox News)

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Dealers will install new transmission control module software that will monitor valve performance and detect excessive wear, the automaker said. If a potential issue is found, the transmission will be limited to fifth gear to prevent the potential of a wheel lockup.

The General Motors world headquarters office is seen at Detroit’s Renaissance Center.  (Paul Hennessy/SOPA Images/LightRocket via Getty Images)

Letters to owners notifying them of an available remedy will be mailed on March 30.

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“The safety of our customers is the highest priority for the entire GM team, and we’re working to remedy this matter as quickly as possible,” a GM spokesperson told FOX Business.

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OpenAI CEO Sam Altman dismissed the idea of data centers in space being a viable option in the next few years as SpaceX CEO Elon Musk pursues their deployment.

“I honestly think the idea with the current landscape of putting data centers in space is ridiculous,” Altman said in an interview with Indian Express. “It will make sense someday.”

Altman said that space-based artificial intelligence (AI) data center projects would have to deal with high launch costs as well as operational and maintenance challenges, like how to fix a broken or damaged component while the data center is in orbit.

“We are not there yet. There will come a time. Orbital data centers are not something that’s going to matter at scale this decade,” Altman said in the interview.

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OpenAI CEO Sam Altman said that while space-based data centers may be viable in the future, they aren’t likely to be deployed at scale this decade. (Ken Cedeno/Reuters / Reuters)

SpaceX’s Musk said earlier this month at an event announcing SpaceX’s acquisition of xAI that the energy demands of AI will require moving data centers to space because of the strain it puts on the environment.

“In the long term, space-based AI is obviously the only way to scale,” Musk said. “My estimate is that within 2 to 3 years, the lowest cost way to generate AI compute will be in space.”

SpaceX’s merger with xAI, the AI company Musk founded that went on to acquire the X social media platform, aims to create a more than $1 trillion company ahead of a planned initial public offering that will enable them raise capital and speed up plans to deploy data centers in space.

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SpaceX CEO Elon Musk sees space-based data centers as a solution to environmental challenges they pose on Earth. (Marc Piasecki/Getty Images / Getty Images)

SpaceX recently filed a document with the Federal Communications Commission requesting to launch up to 1 million satellites that would function as data centers in Earth’s orbit.

Musk said in a memo outlining his plans that SpaceX aims to put a million tons of satellites into orbit per year with 100 kilowatts of compute power per ton, adding 100 gigawatts of AI computing capacity per year.

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SpaceX is planning a constellation of satellites that can serve as space-based data centers. (Joe Skipper/Reuters)

Other tech companies pursuing space-based data centers include Google, as CEO Sundar Pichai told “Fox News Sunday” that the company could put solar-powered data centers in space as soon as next year as part of what’s known as Project Suncatcher.

Amazon Web Services CEO Matt Garman said at the Cisco AI Summit earlier this month, “there are not enough rockets to launch a million satellites yet, so we’re, like, pretty far from that.” 

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“If you think about the cost of getting a payload in space today, it’s massive,” Garman added. “It is just not economical.”