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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.

Photo: Ole Jørgen Bratland/Statoil

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.

The Norwegian state oil giant has agreed to align its business model with the goals of the 2015 Paris climate accord and will review its corporate lobbying policy and the carbon intensity of its products, the company said in a statement. It will also link executive pay to climate-related targets.

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