State-owned 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
EU will stand up for itself in face of Trump tariffs threat, Macron says
Google owner drops promise not to use AI for weapons
Ten thousand Kroger-owned grocery store workers strike in Colorado