We are actively shaping our portfolio to create high value with a low carbon footprint, so that Equinor remains fit for the future towards 2030 and beyond. Oil and gas will continue to form the basis of our portfolio, with a growing contribution from new energy solutions. In 2017, we introduced climate assessment criteria for all future investment decisions to ensure that climate considerations are systematically evaluated in all project developments, acquisitions and divestments. All future investment decisions will take into account the project’s impact on the carbon intensity of our whole portfolio.
In addition, for investment analysis, we apply an internal carbon price of at least USD 50 per tonne of CO2 for all projects. In countries where the cost of carbon is above USD 50, such as in Norway, we apply the actual cost of carbon in our investment analysis.