BP is providing more info this week about its decades-long plan to diversify away from its dominant fossil fuel business — including expectations for the first few years.

Why it matters: European-based global oil giants are all vowing some kind of decades-long pivot toward more climate-friendly products and deep emissions cuts.

A pair of new reports argue for greatly expanding American research and development into climate-friendly energy tech at a time when the political terrain for big spending increases could soon become more fertile.

Why it matters: Joe Biden is vowing a major investment push if elected and the report could influence the scope and specifics of those research, development and demonstration plans.

Axios’ Amy Harder moderated an event Thursday that included Ernest Moniz, energy secretary under former President Barack Obama, where she asked him about some significant developments.

The big picture: The event presented research looking at the challenges of transitioning communities heavily dependent on oil, natural gas and coal to cleaner energy sources to address climate change.

Venture capital funding for energy technology startups has recovered from its mid-2010s trough but is seeing a fresh drop-off this year, new International Energy Agency data show.

Where it stands: Electric vehicles, hydrogen and storage technologies have generally been growth areas in recent years.

BP is making its first move into offshore wind via a new deal and partnership with Norway-based Equinor, which is developing big U.S. projects.

Driving the news: BP is paying Equinor $1.1 billion for a 50% stake in wind farms Equinor is developing off the coasts of New York and Massachusetts. The oil-and-gas companies — which are both making more moves into renewables — also announced a "strategic partnership" to jointly pursue other U.S. offshore projects.

The U.S. has spent the biggest share of its GDP on discretionary stimulus spending compared to other major economies, but it’s spent the smallest share on clean energy, per a new analysis from consultancy Rhodium Group.

Why it matters: To what degree the world invests in clean-energy technologies as it recovers from the pandemic-induced recession could go a long way toward reaching climate goals.

Members of Generation Z are far more interested in careers in renewable energy than nuclear power or fossil fuels, new Morning Consult polling shows.

Why it matters: The new data underscores a much-discussed problem facing the oil-and-gas and nuclear sectors: Attracting young talent.

Joe Biden emphasized climate change in his speech accepting the Democratic nomination Thursday night, as the days leading up to it offered fresh evidence of the problem's scale and tensions within his coalition.

Why it matters: It was a statement of priority in the most important speech of Biden's campaign to unseat President Trump, and the address mentioned the topic repeatedly.

President Trump is trying to use California’s electricity woes as a political cudgel against Democrats nationwide heading into the election, blaming Democrats for rolling blackouts in recent days.

Reality check: The nonprofit California Independent System Operator, which manages the state's power grid, is not a political entity.

EPA's decision to cut regulation of methane is laying bare an oil-and-gas industry divide and setting the stage for political battles this fall and beyond.

Why it matters: Methane is an extremely powerful greenhouse gas and the industry is a key emissions source.