Equinor clings to ‘emissions intensity’ targets
But more shareholders want to see absolute CO2 reductions
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For how long can publicly traded oil companies resist calls to reduce their absolute emissions? Norway’s semi-state owned oil company Equinor continues to focus on its emissions intensity – a flexible measure that allows oil production and absolute emissions to rise, even as it aims for ‘net zero’ by 2050. This approach defers painful absolute reduction…