What We’re Watching: The World’s Lungs Are Burning

The Amazon in flames – More than 70,000 forest fires are burning in Brazil right now, most of them in the Amazon. That's up 84% over the same period last year, and it's the highest number on record. This is the dry season when farmers burn certain amounts of forest legally to clear farmland. But critics say Brazilian president Jair Bolsonaro's efforts to loosen conservation rules have encouraged farmers, loggers, and miners to set more fires, many of them illegally. Bolsonaro – a science skeptic who recently fired the head of the agency that tracks deforestation – says, without proof, that NGOs are setting the fires to embarrass his government. Meanwhile, the EU is holding up a major trade deal with Brazil unless Bolsonaro commits to higher environmental protection standards, including those that affect the Amazon.


Fake flames interlude: if you are sharing photos of the Amazon in flames – and go right ahead, because the Amazon produces 20% of the oxygen in our atmosphere – just make sure they aren't fakes.

Korea and Japan stop sharing intelligence – Ongoing tensions between Seoul and Tokyo over the legacy of Japan's 20th century occupation of Korea spilled from trade into national security this week, as Korea said it will scrap the two countries' military intelligence-sharing alliance. The timing, just as North Korea has started lobbing missiles into the Sea of Japan again, is…not great: Washington had pushed for that intel alliance as part of its efforts to address the threat posed by Pyongyang's nuclear program. We're watching to see whether these historic frenemies can find a way to save face and back down before someone gets hurt or a missile goes undetected.

What We're Ignoring

The G7 Summit in Biarritz Heck of a time to get together for a summit: Italy's prime minister resigned just three days ago. Germany's Angela Merkel is on her way out of power. Canada's Justin Trudeau is reeling from an ethics scandal and faces elections soon. The UK's Boris Johnson is trying to play chicken on Brexit with an unmoved Brussels. Japan's Shinzo Abe is in a rapidly-deteriorating spat with South Korea. Donald Trump wants to know why his pal Vladimir Putin isn't invited to these things anymore. And host country France's Emmanuel Macron has already announced that there won't be a joint communique at the end of the summit because the leaders won't really agree to anything. So while there will be the usual headlines and tweets and gaffes, we are ignoring the summit because nothing of substance seems likely to come from it.

In the southern Italian region of Basilicata, home to the Val d'Agri Oil Centre known as COVA, hydrocarbon processing has undergone a radical digital transformation. COVA boasts one of the world's first fully digitized hydrocarbon plants, but why? Two primary reasons: infrastructure and information. Val d'Agri has the largest onshore hydrocarbon deposit in mainland Europe. The site is expansive and highly advanced, and the plant features a sophisticated sensor system built to capture massive amounts of data. Maintenance checks, equipment monitoring, inspections and measurements are tracked in a fully integrated digital system designed to prevent corrosion and ensure cleaner, more sustainable natural gas processing.

Learn more at Eniday: Energy Is A Good Story

Well, we still don't know who exactly launched the spectacular aerial attack on Saudi Arabia's main oil processing facility over the weekend, which knocked 5% of the world's oil offline and sent crude prices into their biggest one day jump in decades.

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The attack on Saudi Arabia's Abqaiq oil facility knocked out about 5 percent of total global oil supplies in one go. Saudi Arabia accounts for about 12 percent of global crude output in total, and has been at that level for years now. Here's a look at how today's other top producers, the US, Russia, Canada, and Iraq have fared over the past thirty years.

Israeli Elections 2.0 — Israelis go to the polls again today for the second time in five months. Back in April, Prime Minister Benjamin (Bibi) Netanyahu's Likud party (just barely) won the most votes, but failed to form a governing coalition, paving the way for new elections. The big question today is: how many Israelis have actually changed their minds in such a short timeframe? Last time, Likud and the centrist Blue and White coalition each won 35 Knesset seats, and polls show the two parties are still neck and neck, while secular right-winger Avigdor Lieberman — whose dissent in May left Bibi one seat short of a majority — is gaining steam. If this holds, Bibi would not have a majority again, and a complicated rotating premiership, national-unity government, or even a third election, could result. We are watching for results shortly...

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1 billion: West African leaders have pledged $1 billion to combat the growing threat of Islamic extremism in the region. Mali-based insurgent groups with links to the Islamic State and al Qaeda have since spilled over into neighboring countries, hitting Burkina Faso particularly hard in recent months.

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