Equinor to spend USD 5.6 billion on climate initiatives toward 2030

Emissions from Norwegian oil and gas extraction must be reduced by 40 percent toward 2030, which will cost NOK 50 billion. Toward 2050, Equinor plans to achieve carbon neutrality by electrifying its fields.

Photo: Equinor

Last night, several Norwegian media outlets reported that Norway's oil and gas extraction is to be carbon-neutral by 2050.

Now, Equinor has set a course for this endeavor, which includes concrete steps toward carbon neutrality.

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