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Equinor Posts Lower Q4 Profit, Cuts Renewable Energy Target

Feb 05, 2025

Norway's Equinor is reducing its ambitions for developing renewable energy capacity by 2030, it said on Wednesday, the latest move by a European energy company to cut green targets as the market for renewables sours.Equinor follows peers BP and Shell, which have trimmed plans to expand in renewable energy, especially offshore wind, where they previously hoped to benefit from their experience of operating oil and gas production at sea…

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