Equinor to spend more on renewables as oil output rises ...Qatar

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Equinor to spend more on renewables as oil output rises
Equinor will speed up investments in renewable energy and low carbon solutions as new oil and gas comes onstream ahead of peak production in 2026, the company said yesterday as the pressure mounts to prove it can adapt to a greener future. The majority state-owned Norwegian company said it would dedicate more than 50% of investments to renewables and CO2 capture by 2030, from less than 5% in 2020, following demands for change from investors and some Norwegian politicians. The pressure intensified last month after a Dutch court ordered Shell to move more aggressively to cut greenhouse gas emissions and the International Energy Agency (IEA) said the world needed to halt investment in new oil

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