Norway's oil giant bends to investor pressure on climate

Oil major Equinor pledges to test how all its large current and future investments fit with the goals set out in the Paris climate accord. This could help change the strategy, says the company's management.

BY KELLY GILBLOM, BLOOMBERG | SHIPPINGWATCH

Equinor is the latest large oil company to bow to a major investor group that is pushing corporations to take more robust action on climate change.

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Norwegian climate professor: Norway should completely phase out oil by 2040
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Oil majors spend USD 200 million annually obstructing climate policy
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