"Norwegian firm lobbying to open Rosebank oilfield halves green investments," 5 February 2025

Equinor set out plans... to halve its investments in low-carbon energy while producing more oil and gas, becoming the latest in a line of fossil fuel firms to backtrack on its green promises.

Norway’s state oil company told investors it would cut spending on renewable energy and other low-carbon technologies from a planned $10bn (£8bn) to $5bn over the next two years. The green budget cuts will slow the growth of its low-carbon energy business, which includes some of the UK’s largest offshore windfarms, to 10-12 gigawatts (GW)...

The Oslo-based company revealed plans to water down its green investments after Shell and BP signalled to investors that they would backtrack on their green spending plans to exploit volatility in the global oil and gas markets...