Shell has abandoned its controversial drilling operations in the Alaskan Arctic in the face of mounting opposition and an unsuccessful drilling season. [The Guardian]

Countries provisioning climate change policies could still allow the world to heat up by more than 6 degrees Fahrenheit, a level that scientists say is likely to produce catastrophes ranging from food shortages to widespread extinctions of plant and animal life. [The NY Times]

Energy Transfer Equity is buying pipeline operator The William Cos.  for approximately $32.61 billion. [CNBC]