Equinor Releases Its First Energy Transition Plan

Equinor Releases Its First Energy Transition Plan

Equinor released its first energy transition plan, which includes an overview of the company’s path towards its 2050 net zero goals through short-term activities and medium-term ambitions.

It will be submitted for an shareholders advisory vote at its 2022 Annual General Meeting, which is set to be held on May 11.

Equinor has proposed an amendment to the object-clause which currently only focuses on petroleum.

“To decarbonize society, we need to be effective agents of change in the energy transition. We have set a clear direction to apply our experience, competence and the financial muscle from oil and gas to new value creating sectors of the energy system. We are pleased to present the plan to our shareholders and look forward to continued dialogue on the necessary decarbonization journey,” Jon Erik Reinhardsen, Chair of the Board of Directors in Equinor, said.

“Our Energy transition plan is based on actions. We believe it demonstrates that we have the right strategy, ambition level, capabilities and track record to be a leading company in the energy transition while ensuring long-term shareholder value creation and competitiveness,” Anders Opedal, CEO and President of Equinor, noted.

Sarah Samir 2790 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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