Equinor's ambitious climate plan could be state-funded
Electrification of the oil firm's platforms will be taxed according to the rules of Norwegian oil taxation, which could send a major part of the bill on to the state, researchers assess.
by OLE ANDERSEN
According to several researchers, the Norwegian state will cover the vast majority of costs in Equinor's ambitious climate plan. The partly state-owned oil firm has estimated that it will cost around NOK 50 billion to reduce carbon emissions from its oil production toward 2030, but the Norwegian tax regulations send 80 percent of the bill on to the treasury, researchers tell domestic news outlet E24.
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