Equinor steps up emission reduction goals
Norwegian energy group targets faster cuts in group-wide scope one and two emissions
Norwegian energy firm Equinor says it has accelerated its transition to net zero with a pledge to cut its group-wide net scope one and two emissions by 50pc by 2030 compared with 2015 levels. The new target compares with a previous pledge of a 40pc reduction by 2030, announced in early 2020. “Today we launch a step-up of our climate ambitions, focusing on reducing emissions under our own control,” Anders Opedal, president and CEO of Equinor said during the company’s 2021 results presentation. “We aim for 90pc of this to be delivered as absolute reductions.” BP this week also pledged to cut its scope one and two emissions by 50pc by 2030, accelerating from a previous target of 30-35pc. 0.7GW
Also in this section
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
11 April 2024
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies
8 April 2024
Chevron New Energies is lead investor in funding round by Colorado-based provider of post-combustion capture technology