Equinor lays out transition strategy

Norwegian company says its planned emissions reductions are consistent with a 1.5°C pathway

Norwegian energy firm Equinor has laid out a strategy for its ambition to reach net-zero emissions by 2050, with near- and medium-term decarbonisation and spending targets. The strategy includes halving operational greenhouse gas emissions by 2030 relative to 2015 levels, allocating more than half of annual gross capex to renewables and low-carbon solutions by 2030 and reducing net carbon intensity—including scope three emissions—by 20pc by 2030 and 40pc by 2035. “Our energy transition plan is based on actions. We believe it demonstrates that we have the right strategy, ambition level, capabilities and track record to be a leading company in the energy transition while ensuring long-term sha