Equinor ASA

Oslo Børs: EQNR36Laggard· Provisional

0 followersOffshore wind development·Stavanger, Norway·Founded 1972

www.equinor.com

Norwegian oil and gas major with a significant offshore wind portfolio including Dogger Bank A/B/C (world's largest wind farm) and Hywind Scotland (world's first commercial floating wind farm).

36/100

Laggard· Provisional

ClimateTicker Green Score · how it's calculated

Greenwashing risk: highData confidence: high

Why it's on ClimateTicker

Equinor is a Norwegian oil and gas major that operates the world's largest offshore wind farm (Dogger Bank) and pioneered floating wind at Hywind Scotland, giving it genuine and material renewable energy assets. However, its core revenue base remains fossil fuels — it produced 2.1 million barrels of oil equivalent per day in 2023, holds 5.2 billion barrels of proven reserves, and continues to pursue new oil fields such as Rosebank. The wind portfolio is real and technically credible, but it does not yet offset the company's dominant and expanding hydrocarbon business, making 'transition' framing substantially oversold.

laggardEquinor earns the vast majority of its revenue from upstream oil and gas exploration and production on the Norwegian Continental Shelf and internationally, supplemented by a growing but still minority offshore wind and renewables segment operating under long-term government-backed contracts (CfDs/ORECs).

Commitments & Certifications

CDP: Disclosed — score not confirmed in search results ↗other: Participant — Climate Action 100+ ↗other: Signatory ↗

Controversy & Greenwashing Watch

highRosebank Oil Field Approval Ruled Unlawful

In January 2025, a Scottish court ruled the 2023 approval of Equinor's Rosebank field (est. 500 million barrels, the UK's largest undeveloped oil field) was unlawful because scope 3 emissions from combustion were not assessed in the environmental impact assessment.source ↗

highClimate Targets Rolled Back (2024)

Equinor weakened its net carbon intensity target from 20% to 15-20% by 2030 and scrapped its pledge to allocate more than 50% of gross capex to renewables and low-carbon solutions by 2030, citing cost pressures and shifting political priorities.source ↗

mediumClimate Conference Greenwashing Sponsorships

In May 2024, Equinor sponsored two high-profile media climate conferences (New Statesman and Politico), prompting protests, MP withdrawals, and widespread accusations of greenwashing by climate advocates and parliamentarians.source ↗

highOil Change International: Lobbying Against Climate Action

Oil Change International's Big Oil Reality Check report found evidence that Equinor lobbies against climate action and relies heavily on unproven carbon capture to meet net-zero targets rather than reducing oil and gas extraction.source ↗

highBreidablikk Field Approval Ruled Unlawful (Norway)

In January 2024, Greenpeace Nordic and Natur og Ungdom won a Norwegian court ruling that approval of Equinor's Breidablikk North Sea field was invalid due to failure to consider global climate impacts.source ↗

lowHywind Tampen Underperformance

Hywind Tampen, the world's largest floating wind farm, underperformed its production target in its first operational year, raising questions about scaling reliability for floating wind technology.source ↗

highFossil Fuel Lobbying — COP26 and EU Gas Standards

ClientEarth published leaked documents showing Equinor lobbied the UK government for a COP26 sponsorship role and lobbied to water down EU green taxonomy standards for fossil gas.source ↗

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