Australian insurers declare catastrophe as Victoria bushfire losses mount, climate risks intensify

Published on January 16, 2026

Claims surge as insurers warn extreme fires highlight escalating climate risk. More than 400,000 hectares of bushland and farmland have burned – more than five times the size of Singapore.

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Hyundai will test cleaner iron tech in South Korea to fast-track US plans

January 16, 2026
Hyundai Motor Group is building a facility at an existing steel plant in South Korea to test out its technology to produce direct reduced iron before opening its flagship project in Louisiana. Last week, the automaker announced plans for a pilot-scale DRI plant at its Dangjin Steelworks in South Chungcheong…

Trump’s energy agenda had a tough week in court

January 16, 2026
This analysis and news roundup come from the Canary Media Weekly newsletter. Sign up to get it every Friday. The Trump administration had a tough week in court, starting with a Monday ruling that could pave the way for states and cities to unlock billions of dollars in revoked clean-energy grants. Back in…