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Norway's oil giant bends to investor pressure on climate

Equinor ASA is the latest large oil company to bow to a major investor group that is pushing corporations to take more robust action on climate change.
One of Equinor's (then Statoil) offshore oil platforms. | Photo: Øyvind Hagen - Statoil
One of Equinor's (then Statoil) offshore oil platforms. | Photo: Øyvind Hagen - Statoil
Bloomberg / Kelly Gilblom

The Norwegian state oil giant Equinor has agreed to align its business model with the goals of the 2015 Paris climate accord, and will review its corporate lobbying policy and the carbon intensity of its products, the company said in a statement. It will also link executive pay to climate-related targets.

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