Energy Voice | Equinor becomes fifth firm challenged on climate goals

Norwegian energy firm Equinor has become the fifth firm to be challenged on its climate target goals by a Dutch campaign group.

Climate group Follow This confirmed it has filed a climate resolution for Equinor.

The groups leader, Mark van Baal, said the resolution is identical to resolutions already filed for BP and Shell, and similar to resolutions for ExxonMobil and Chevron, filed on Monday.

The resolutions to the five oil firms request the companies to set targets for carbon emissions “from operations and products (Scope 1, 2 and 3) aligned with the Paris Climate Agreement”.

Mr van Baal said: “These kind of resolutions should be on the agenda of all oil majors.

“The oil and gas industry can make or break the Paris Climate Agreement, and their shareholders are the only ones who can call the oil and gas companies to action.

“We therefore hope investors will file the sixth and seventh resolution for other oil majors, for example Total and ENI, so we can speak of the seven sisters again.”

Earlier this week, Follow this put pressure on investors in ExxonMobil, the world’s largest oil and gas company, to set targets for reducing greenhouse gas (GHG) emissions.

The call was led by the Church Commissioners for England (CCE) and the New York State Common Retirement Fund (NYCRF), following similar moves by other energy firms for responsible action on climate change.

A shareholders resolution has been filed seeking short, medium and long-term targets for greenhouse gases, bringing it in line with its biggest European peer Shell

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