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Reproduced from IEA; Chart: Axios Visuals

An International Energy Agency report puts some context around how much the world's largest oil companies are investing in clean energy.

The big picture: The chart above shows the combined investments of a collection of roughly 20 giants, including Shell, Exxon and BP, but also state-controlled companies like Saudi Aramco and China National Petroleum Corp.

  • The data, part of a much wider IEA report last week, shows that investments are growing but still remain a small share of the companies' total capital spending. (H/t to Bloomberg for flagging this section.)

Why it matters: There's growing investor, activist and legal pressure on oil giants to act more aggressively on climate change and diversify more quickly.

The intrigue: While the oil industry's overall capital spending outside core fossil fuel lines remains a small share, the European majors are increasing it more quickly.

  • The IEA report notes that BP plans to increase annual clean energy investment to $3-$4 billion by 2025, while Shell is "is targeting a 25% share of investment on clean energy capital expenditure by 2025."

Go deeper

Updated 28 mins ago - Science

NTSB probes crash that killed 10 in Alabama as storms lash Southeast

A car drives in the rain in Galveston, Texas. Photo: Zeng Jingning/China News Service via Getty Images

The National Transportation Safety Board announced Sunday that it's investigating a fiery multi-vehicle weekend crash in Alabama that killed 10 people, including nine children, as storms swept the Southeast.

The big picture: Saturday's crash on Interstate 65, south of Montgomery, occurred amid a tropical depression that left 13 people dead in Alabama as it triggered flash floods and spawned tornadoes that razed "dozens of homes," per AP.

Laurel Hubbard to become 1st openly trans athlete to compete at Olympics

New Zealand's Laurel Hubbard at the Gold Coast 2018 Commonwealth Games in Australia, when she became the first openly transgender athlete to represent NZ. Photo: Scott Barbour/Getty Images

The New Zealand Olympic Committee has announced that Laurel Hubbard has been selected for the women's weightlifting team for the Tokyo Games — making her the first openly transgender athlete to compete at the event.

The big picture: Hubbard, 43, is part of a five-member Kiwi weightlifting team and will compete in the women's super heavyweight category. Meanwhile, BMX rider Chelsea Wolfe will become the first openly trans athlete to travel to the Olympics with Team USA, when she arrives in Tokyo as a reserve rider.

American Airlines cuts hundreds of flights amid demand surge

Photo: Joe Raedle/Getty Images

American Airlines announced Sunday that it's cutting some 950 flights from its schedule, including 296 this weekend, to reduce potential pressure on its operations, the Wall Street Journal first reported.

Driving the news: The U.S. vaccine rollout has led to a massive increase in travel bookings. The airline noted in an emailed statement that it's facing an "incredibly quick ramp up of customer demand."