Stories by Amy Harder

Exclusive: IEA to track oil companies’ efforts on clean energy

Data: International Energy Agency; Chart: Danielle Alberti/Axios

The world’s oil and gas companies will undergo annual reviews by the International Energy Agency to assess how they’re doing on climate change and clean energy issues.

Driving the news: The group released a report on Sunday showing that oil and gas producers, including those owned by governments, spend on average just 1% of their total capital expenditure outside oil and gas.

Microsoft, House GOP reflect split-screen America on climate change

Illustration of the Microsoft logo splitting the earth into four sections
Illustration: Sarah Grillo/Axios

Microsoft is pushing aggressive goals to tackle climate change while simultaneously supporting House Republicans' more modest efforts on the matter.

Driving the news: On Thursday, Microsoft announced its new pledge to become carbon negative in 10 years, while earlier in the week its president, Brad Smith, expressed support for House Republicans’ far narrower efforts on climate.

Wind and solar dominate new U.S. power capacity

Reproduced from EIA; Chart: Axios Visuals

Wind and solar make up more than three-quarters of the electricity capacity coming online in the country this year, new U.S. Energy Information Administration data show. 

Why it matters: These two renewable sources of energy are increasingly becoming cost-competitive, even while government subsidies for them are lessening, compared to traditionally dominant sources, such as natural gas and coal.