Europe’s Oil Majors Scale Back Climate Ambitions ...Middle East

Economy by : (OILPRICE) -
Europe’s oil and gas giants are increasingly scaling back their climate goals as they struggle to deliver on their ambitious clean energy pledges. Back in 2022, Norway's state-controlled energy giant Equinor ASA (NYSE:EQNR) laid out its roadmap to achieving net zero emissions. However, In February Equinor scrapped a pledge to devote more than 50% of its gross capital expenditure to renewables and low-carbon solutions by 2030. Equinor has also abandoned plans to invest in Vietnam's offshore wind sector, dealing a significant blow to the country's…

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