Axios

New York State officials yesterday announced that Norway-based Equinor and a joint venture that includes Denmark's Orsted had won the solicitation to build 2 large offshore wind projects totaling around 1.7 gigawatts.

Why it matters: It's the biggest offshore wind agreement in the U.S. to date and, per New York Gov. Andrew Cuomo's office, will provide enough electricity for over 1 million homes.

Earlier this month, Chubb became the first U.S. insurance company to limit coal-related underwriting and investing, expanding a global trend that has seen 15 companies — underwriting a total of $313 million in premiums — announce new policy restrictions.

Why it matters: The proliferation of coal-exclusion policies at globally significant financial institutions — 113, according to the the Institute for Energy Economics and Financial Analysis — is leading large, diversified mining and utility companies to reduce their exposure to coal, and in some cases to exit the coal industry altogether, to avoid losing access to finance.

Get familiar with the concept of a "record-high nighttime low" temperature.

What's happening: This weekend's heat wave threatens to smash records nationwide, a dangerous situation for humans and animals alike.