Reuters: Equinor rejects climate resolution proposals

Equinor’s board has rejected all shareholder climate resolutions, including one asking to set more ambitious emission reduction targets, the company said in a notice to the annual shareholders’ meeting published on Thursday.

Follow This, a group representing about 5,400 green-minded shareholders in oil and gas companies, said Equinor’s ambition fell short of actions required to keep global warming at well below 2 degrees Celsius compared with pre-industrial times, proposing a motion for Equinor’s AGM on May 14.

“We asked in the resolution Equinor to set short-, medium-, and long-term targets that are aligned with the Paris Agreement. Today they are not aligned,” Follow This founder Mark van Baal told Reuters.

Read ‘Equinor rejects climate resolution proposals’ by Nerijus Adomaitis and Jason Neely at Reuters