Equinor Lowers Green Targets by Citing Rising Costs & Delays

Equinor ASA (EQNR) has scaled back its energy transition targets, citing rising costs, supply-chain hurdles and shifting political priorities. The move reflects broader struggles in the industry as oil and gas majors reassess their renewable energy commitments.Equinor, the Norwegian energy giant, had previously pledged to allocate more than 50% of its gross capital expenditure to renewables and low-carbon solutions by 2030. However, the company scrapped this commitment in February, citing limited high-value ...