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Despite some splashy pledges, the energy industry overall is just at the early stages of adopting "net-zero" carbon emissions plans, a new report shows.

Why it matters: Achieving global net-zero emissions by mid-century is a widely cited target in a steep uphill battle to meet the Paris agreement goal of limiting warming to 1.5 °C.

What they found: Analysts with the London School of Economics and Political Science and the University of Oxford examined disclosures from 132 big and publicly traded coal, electricity and oil-and-gas companies.

  • Just 13 of them have made a net-zero pledge of some sort, with 2050 the most common target but some with earlier goals.

Where it stands: "Some commitments cover all, or at least the majority, of a company’s lifecycle carbon emissions, others cover a small share," finds the report that's also from a group called the Transition Pathway Initiative.

  • "Fossil fuel extraction companies that have set net zero commitments have mostly limited the scope of these to their own operational emissions, rather than downstream emissions from burning fossil fuels," it adds.
  • The 13 companies include Xcel Energy, Eni, Orsted, BHP Billiton, EDF, Exxaro Resources and others.

But, but, but: The analysis captures commitments made through mid-August, and there have been some since that period, such as from companies like Duke Energy and DTE Energy.

Go deeper:

Go deeper

2 hours ago - Politics & Policy

Manchin's massive means test

Illustration: Aïda Amer/Axios

Sen. Joe Manchin (D-W.Va.) is offering progressives a trade: He'll vote for their cherished social programs if they accept strict income caps for the recipients, people familiar with the matter tell Axios.

Why it matters: Manchin’s plan to use so-called means-testing for everything from paid family medical leave to elder and disabled care would drastically shrink the size and scope of the programs. It also would bring a key moderate vote to the progressive cause.

The China whisperer

Nick Burns. Photo: Chen Mengtong/China News Service via Getty Images

President Biden's nominee for ambassador to China will face aggressive questioning Wednesday about the most important, and potentially perilous, bilateral relationship in the world.

Why it matters: While Nick Burns is an experienced diplomat with support on both sides of the aisle, lawmakers want to use his confirmation hearing to force the administration into some tough positions on China.

Jan. 6 committee recommends contempt charges against Bannon

Steve Bannon. Photo: Stephanie Keith/Getty Images

The House select committee investigating the deadly Jan. 6 Capitol riots unanimously approved a resolution Tuesday night recommending that former Trump aide Steve Bannon be held in contempt of Congress for refusing to comply with a subpoena.

Why it matters: The resolution sets up a House vote to refer Bannon for potential criminal prosecution, signaling that the committee will not tolerate attempts by former President Trump and his associates to stymie the investigation.