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Norwegian Oil Giant Bends to Investor Pressure on Climate

  • Company agrees to align strategy with Paris climate accord
  • Climate Action 100+ group has targeted oil, coal companies
relates to Norwegian Oil Giant Bends to Investor Pressure on Climate

Source: Equinor ASA

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Equinor ASA is the latest large oil company to bow to a major investor group that is pushing corporations to take more robust action on climate change.

The Norwegian giant has agreed to align its business model with the goals of the 2015 Paris climate accord, and will review its corporate lobbying policy and the carbon intensity of its products, the company said in a statement on Wednesday. It will also link executive pay to climate-related targets.