U.S., Feb. 11 -- Norwegian energy giant Equinor has announced a bold decarbonisation strategy that aims to reduce its net carbon intensity by 50% by 2050 and become carbon neutral across its global operations by 2030.
The firm is also seeking to boost its renewable energy production capacity by 1000% by 2026 with a view to becoming a world leader in offshore wind.
"We are now looking 30 years into the future, and it is not possible to predict an exact shape and pace of the transition. Not for society and not for us," said Eldar Saetre, President and CEO at Equinor, in the firm's press release.
"But we know there will have to be significant changes in the energy markets, and our portfolio will change accordingly to remain competitive. We...