Norway’s Equinor has signalled that it is planning a significant rebalancing of its asset portfolio towards investments in green energy sources and low carbon production under a new charter signed with powerful global investors as part of a major climate change initiative.
The state-controlled giant has pledged to carry out a fresh assessment of its portfolio this year that will include “new material capital expenditure investments” among measures outlined to “strengthen its commitment to climate leadership” under the so-called Climate Action 100+ effort.
