Equinor eyes 40% greenhouse gas cuts in Norway by 2030

Environment

FILE PHOTO: Equinor’s logo is seen at the company’s headquarters in Stavanger, Norway December 5, 2019. REUTERS/Ints Kalnins/File Photo

OSLO (Reuters) – Oil major Equinor aims to cut greenhouse gas emissions generated at its offshore fields and onshore plants in its native Norway by about 40% in the coming decade, the company said in a statement on Monday.

Equinor and its partners plan to invest around 50 billion Norwegian crowns ($5.7 billion) by 2030 to cut emissions to an annual rate of around 8 million tonnes from 13 million tonnes in 2018, the company said.

By 2050, the emissions generated from operations should approach zero, it said.

Reporting by Terje Solsvik; Editing by Tom Hogue

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