Equinor Cuts Renewable Energy Investments and Targets ...Middle East

Equinor is reducing its investments in renewables to boost returns for shareholders and adapt to an uneven energy transition, the Norwegian energy major said on Wednesday, becoming the latest European oil and gas firm to scale back capital allocation to low-carbon energy solutions. Equinor will nearly halve its investments in renewables and low carbon solutions to around $5 billion in total after project financing for 2025-2027, it said today in a Capital Markets Update accompanying the 2024 financial results. The Norwegian major, which dropped…

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