22/4/2025, 5:23:03 pm

Oil group Equinor must explain climate discrepancy, minority owners say

Minority shareholders are challenging Equinor's plan to boost oil and gas production, citing inconsistencies with the Paris Agreement. Despite Norway's government expecting emission reductions, Equinor, 67% state-owned, has scaled back renewables investment. The board defends its strategy, arguing oil and gas remain vital. The outcome hinges on government support at the AGM.