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Norway’s Equinor to Stay in U.S. Lobby Group Following Climate Policy Shift


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Norway’s Equinor to Stay in U.S. Lobby Group Following Climate Policy Shift

Business

Category: Business News

Norway’s Equinor ASA has decided to stay in the American Petroleum Institute after the major U.S. oil lobby group changed its stance on climate policy. However, Equinor has quit the Australian Petroleum Production and Exploration Association as the firm has wound down operations in Australia after giving up an exploration drilling plan in the Great Australian Bight.

In a report dated March 2021, Equinor said it had completed an annual review of industry groups’ climate policy alignment with the Paris Agreement to limit global warming to 2 degrees Celsius and the company’s goal to be net zero by 2050.

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Source: Reuters