Should Norway’s Equinor energy company cease new oil and gas production to avoid irreversible climate catastrophe? Ola Elvestuen MP for Oslo is not so sure.

ClimateGenn hosted by Nick Breeze

Welcome to this episode of ClimateGenn recorded at the end of COP29 in Baku, Azerbaijan. The question we are putting to Norwegian MP for Oslo, Ola Elvestuen is:

Should Norway’s Equinor energy company cease new oil and gas production to avoid irreversible climate catastrophe?

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Norwegian fossil energy company, Equinor, formerly Statoil, has been widely criticised for not aligning with the Paris Agreement. Equinor continues to plan for expanded oil and gas production, maintaining a dangerously high 95% reliance of fossil fuel revenue by 2026.

Critics argue that Equinor must halt new fossil fuel exploration and stop developing pre-final Investment Decision (FID) projects outside Norway to avoid 67% of emissions from unapproved projects. Equinor’s capital expenditures conflict with essential climate goals, raising concerns about greenwashing and inadequate short-term emission reduction targets.

This next excerpt from Professor Kevin Anderson is taken from the last ClimateGenn episode and was recorded the day before this interview with Ola Elvestuen. Thank you for your attention: