The UN Climate Change Conference marks a milestone opportunity to take stock of progress and re-align on the Paris Agreement.
We support COP28 wholeheartedly and are proud to be present at this landmark event. Since our industry is part of the problem, we also believe that we should be part of the solution. As an industry, we must continue to reduce emissions to meet the goals of the Paris Agreement.
We are proud signatories to the historic Oil and Gas Decarbonisation Charter that has been signed by 50 national and international oil producing companies, equivalent to more than 40% of global oil and gas production. In practice, this means we will raise our ambition levels to reduce emissions and report on progress annually.
In Equinor, we believe we have a responsibility to reduce emissions and find solutions for systemic change. We have the technologies, the expertise and the industrial strength to develop the energy of the future.
Our intention is to deliver solutions that can help accelerate the energy transition. We have a plan to reduce our emissions significantly this decade and achieve net zero by 2050. To achieve it, we must find new ways in renewables, low carbon solutions, and oil and gas.
We might not have all the answers yet, but we do have 22,000 employees with the knowledge and willpower to find them.