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...
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Strategy
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.

For the original news article, click here .


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