Equinor clings to ‘emissions intensity’ targets
But more shareholders want to see absolute CO2 reductions
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…