“Repsol has shown the net zero 2050 ambition we need,” said Edward Mason, head of responsible investments at the Church of England, which has been buying shares in oil and gas companies so it can push them to make stronger climate commitments.
“Equinor is doing some great stuff, particularly on (Scope 1 and 2 emissions), but I’m not sure a pledge to halve carbon intensity by 2050 does it any more,” he said on Twitter.
Equinor, which has been building a renewables business mainly focused on offshore wind, will also achieve its renewable investment target sooner than planned, its chief financial officer told Reuters on Thursday.
.@Equinor commits to including Scope 3 emissions in its #GHG reduction targets. If met with clear actions and investment choices, commitments like these can help deliver #netzero emissions by 2050. #EUGreenDeal
— WS EU Energy (@WS_EUEnergy) February 7, 2020