Equinor CEO Anders Opedal
Letter from London: Equinor’s renewable reality check
Norwegian energy company slashes spending on low-carbon sectors as transition decelerates
Norwegian energy firm Equinor has halved its planned investment in renewables and low-carbon solutions to 2027, as it looks to boost free cash flow. The move comes as the pace of the transition slows in “most markets”, CEO Anders Opedal told investors in London in early February. “Interest rates, supply chain issues and regulatory uncertainty are reducing the pace of the energy transition. Segments like offshore wind and hydrogen are impacted,” he said. “Interest rates, supply chain issues and regulatory uncertainty are reducing the pace of the energy transition” Opedal, Equinor Equinor’s partial pivot away from renewables and low carbon, and emphasis on fossil fuels, mirrors that of
Also in this section
28 November 2025
The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
18 November 2025
Vicki Hollub, president and CEO of Occidental, has been selected as the 2026 recipient of the Dewhurst Award, the highest honour bestowed by WPC Energy. The Dewhurst Award celebrates exceptional leadership, groundbreaking innovation and a lifetime of significant achievements in sup-port of the development and advancement of the energy industry.
11 November 2025
Transition policies must recognise that significant industrial demand for carbon will continue even as economies hit net zero
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
