NEWS COMMENTARY

Equinor jumps in line as second oil major to pledge near-zero emissions by 2050, albeit only for Norway assets

Published:
January 06, 2020
Coverage:
Owning the Energy Transition More...
Activities:
Strategy
by Holly Havel
Very important

Nearly a month after Repsol pledged its ambitions for net-zero emissions by 2050, Equinor has announced its new commitment to reach near-zero emissions at its onshore and offshore facilities in Norway by 2050. The Norwegian major will incorporate digitalization strategies and electrification projects to achieve a near-term reduction goal of 40% by 2030, while long-term goals out to 2050 will implement additional measures involving new technologies, such as carbon capture and storage and generating emissions-free hydrogen using natural gas. While this is a great first step, clients can expect to see further announcements from Equinor down the road as the major expands emissions reduction goals to its global oil and gas assets.

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