Equinor to ask shareholders to vote on transition path
Apr 19, 2021 1:30:pm
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by: Joseph Murphy
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Equinor to ask shareholders to vote on transition path
Norway s Equinor has said it will submit its energy transition plan for an advisory shareholder vote at its annual general meeting every three years beginning in 2022.
Equinor noted it was among the first companies in the oil and gas industry to introduce such a measure. The company announced last November its ambition to produce net-zero greenhouse gas emissions by 2050, by expanding its renewable energy capacity to 12-16 GW by 2035 and by investing in hydrogen and carbon, capture and storage.
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ResearchAndMarkets.com s offering.
The scope of the study is limited to solar (PV and CSP) and wind (onshore) technologies and geographic coverage is the Middle East, covering the Gulf Cooperation Council (GCC) countries and also Iran, Iraq, Jordan, and Lebanon.
Sustainable development is the theme gaining unparalleled levels of attention and importance across the globe. The Middle East hosts top oil exporters in the world along with some of the top carbon emitters. The onus to reduce greenhouse gases (GHG) has fallen on the region and, therefore, the countries in the region have ambitious targets to promote renewables and thereby, reduce the carbon footprint. Therefore renewable energy presents a $341.1 billion opportunity for companies wishing to ride on the growth in this decade.
BP Walks Away from Kazakh Projects
Mar 15, 2021 1:50:pm
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by: Joe Murphy
BP has opted against proceeding with exploration at three upstream projects in the Kazakh section of the Caspian Sea in light of the shift in its strategy last year towards renewables and away from oil and gas.
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Sharp rebound expected in green capacity addition
Sharp rebound expected in green capacity additionPremium
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Mumbai: India is expected to see a sharp rebound in capacity addition this year, said industry experts, after adding only 4.9 gigawatts (GW) of renewable energy capacity in 2020 due to disruptions caused by covid-19.
India will add a record about 16 gigawatts (GW) of renewable energy capacity in 2021, showed estimates by energy consultancy firm Bridge To India. In December, the country’s total renewable energy capacity crossed the 94GW mark.
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