Equinor becomes latest fossil fuel firm to backtrack on clean energy pledges with move to halve budget to $5bn
The Norwegian oil company fighting to open a giant new oilfield off Shetland has cut billions of pounds from its green spending plans in favour of producing more fossil fuels.
Equinor set out plans on Wednesday to halve its investments in low-carbon energy while producing more oil and gas, becoming the latest in a line of fossil fuel firms to backtrack on its green promises.
About Author
More Stories
AI helps researchers read ancient scroll burned to a crisp in Vesuvius eruption
Australian scientists produce kangaroo embryos using IVF for first time
Keir Starmer opts not to attend international AI summit in Paris