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Burning bridges
The report finds that Equinor's historical and planned production significantly exceed science-based carbon budgets. Since 1972, Equinor's assets have caused 8.66 GtCO2 in emissions, with the majority originating from Norway. The analysis argues that Equinor's current global portfolio and future expansion plans are incompatible with a 1.5°C pathway, overshooting the IEA NZE benchmark by 0.93 GtCO2 between 2024 and 2050. It further critiques Equinor's 'Bridges' scenario for relying on outdated carbon budget data and unproven carbon removal technologies.
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Document type: Report
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