Equinor releases sustainability report for 2021

Equinor ASA has released its 2021 Sustainability Report.

In June 2021, Equinor presented its updated strategy to accelerate the optimising of their oil and gas portfolio, high value growth in renewables, and shaping new markets within low carbon solutions. The highlights from the 2021 report include:

Equinor’s (scope 1 & 2) greenhouse gas emissions (GHG) were 12.1 million tonnes CO2, representing a decrease compared to 2020.

The average CO2 intensity of Equinor’s operated portfolio was 7.0 kg CO2 per barrel of oil equivalent, down from 8.0 in 2020. The scope 3 GHG emissions were 249 million tonnes CO2.

Equinor’s ambition is to allocate more than 30% of annual gross capex by 2025 and more than 50% by 2030 to renewables and low carbon solutions. Gross investments increased to 11% in 2021, compared to 4% in 2020. Equinorsays it has made significant progress with offshore wind, onshore renewables, CCS and hydrogen projects in 2021.

Anders Opedal, President and CEO of Equinor ASA says, “Our ambition is to reduce our group-wide emissions by 50% by 2030, and we aim to realise 90% of this ambition by absolute reductions. This ambition is aligned with the goals of the Paris agreement and a 1.5°C pathway, and we are on track with our performance so far”.

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