Caterpillar in the headlines as major investors pull stake over Gaza concerns; maker of CAT heavy equipment, a global industrial giant.
As of April 2026, Iran's blockade of the Strait of Hormuz has severely disrupted global fertilizer shipments, causing nitrogen fertilizer prices to nearly double. This has hit US and global farmers during critical spring planting, raising production costs and threatening crop yields for staples like corn, wheat, and rice. The shortage risks global food security and will likely push consumer food prices higher worldwide.
Microsoft and Chevron have agreed to develop Project Kilby, a 2.67-gigawatt natural gas power plant in West Texas that will supply electricity to a Microsoft data center under a 20-year power purchase agreement. The plant, using GE Vernova turbines and Caterpillar Solar Turbines, will be among the largest co-located gas-power and data-center developments in the United States. Construction has not started yet, and a final investment decision is expected this year, with power delivery anticipated in 2028. The project likely increases emissions despite Microsoft’s carbon-free pledge.