Equinor to Submit Energy Transition Plans to Shareholders For Advisory Vote
By Dominic Chopping
Equinor ASA said Monday that starting in 2022 it will begin
submitting its energy transition plans to shareholders for an
advisory vote at its annual general meetings.
The Norwegian oil-and-gas major said it will update its energy
transition plan every three years, which will then go to
shareholders for the vote.
"We believe the plan will allow for more active engagement and
collaboration when preparing for future opportunities," Chief
Executive Anders Opedal said.
The company has previously announced a set of climate ambitions
and aims to achieve net-zero emissions by 2050. Equinor will
announce short- and medium-term plans in support of the net-zero
ambition at its Capital Markets Day on 15 June.
In addition, Equinor said Monday that it is introducing new
commitments to biodiversity. It is establishing voluntary exclusion
zones, such as World Heritage Sites, where it pledges not to
undertake any industrial activity, and will develop a net-positive
approach toward biodiversity in new projects located in protected
areas or areas of high biodiversity value.
It said it will also look to support local nature conservation
and restoration initiatives and commit to share more of its
biodiversity data to encourage further scientific research.
Write to Dominic Chopping at email@example.com
(END) Dow Jones Newswires
April 19, 2021 06:57 ET (10:57 GMT)
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