Norway's Equinor plans to cut greenhouse gas emissions from its domestic operations by 40% this decade and to near zero by 2050, potentially allowing the country to keep pumping crude even as it works to meet international climate obligations. Equinor and its partners plan to invest around 50 billion crowns by 2030 to cut CO2 emissions to an annual rate of about 8 million tonnes at offshore fields and onshore plants in Norway from 13 million in 2018. Equinor's targets only cover emissions related to its operations and not those from the products it sells, drawing criticism from some environmental groups. Equinor said initial cuts would primarily come through replacing electricity from gas turbines with renewable energy at major installations, including offshore wind turbines and hydroelectric power via subsea cables. Later, they will come from measures such as consolidating infrastructure and developing new technologies, it added.
- The New York Times -