Equinor (formerly Statoil)

InfluenceMap Score
C-
Performance Band
66%
Organisation Score
46%
Relationship Score
Modifications to InfluenceMap Scoring
Sector:
Energy
Head​quarters:
Stavanger, Norway
Brands and Associated Companies
Statoil
Official Web Site:
Wikipedia:

Climate Lobbying Overview: Equinor appears to have become more positive on climate change policy since 2015. The company appears to be supportive of carbon pricing schemes - both carbon taxes and emissions trading schemes - and has supportive positions on offshore wind legislation. The company appears to be less supportive, however, of energy efficiency legislation and mixed on renewable energy outside of offshore wind. Regarding the energy mix, Equinor appears to support transitioning away from coal, however, actively lobbies for a continued role for gas.

Top-line Messaging on Climate Policy: In 2020, Equinor has 722653 supported reaching net zero emissions by 2050, and a well below 2C scenario. Furthermore, in 2020, Equinor supported the EU’s Climate Law, which legislates a legally binding target of net zero greenhouse gas emissions by 2050.

Engagement with Climate-Related Regulations: Between 2017-2020 Equinor has supported carbon taxes, including schemes in Norway, Canada and the UK. Between 2016-2020, Equinor has also supported strengthening reforms to the EU’s emissions trading scheme and has since continued to advocate in favour of the ETS as the main policy instrument for European emission reductions. In its 2020 CDP response, Equinor states that is has called for the EU ETS to include a Market Stability Reserve. Equinor has additionally advocated a global emissions trading scheme in 2020.i ncluding under '722666 Article 6] of the Paris Agreement.

However, Equinor appears less supportive of strong energy efficiency legislation. In its response to the Norwegian Ministry of Petroleum and Energy’s Hearing on the EU’s Clean Energy for All Europeans Package in 2019, despite promoting a stronger EU ETS, Equinor stated support for voluntary (rather than binding) energy intensity (rather than energy savings) targets.

In 2020, Equinor has supported renewable energy legislation regarding offshore wind energy, including reform to the U.S's Investment Tax Credit and permitting processes to facilitate the development of offshore wind projects, as well as the EU’s Renewable Energy Financing Mechanism in June 2020. Equinor’s position on renewable energy legislation outside of offshore wind development, however, is less positive. In the EU’s Clean Energy for All Europeans Package in 2019, the company advocated against renewable energy targets in heating, arguing for a ‘level playing field’ for all energy sources and technologies in EU’s heating sector, positing the current system discriminated against natural gas.

Positioning on Energy Transition: Equinor's position on the energy transition appears mixed. On the one hand, Equinor has had some positive policy engagement, particularly around transitioning away from coal. In its 2019 Sustainability Report, Equinor stated that policy measures should 484904 phase out fossil fuel subsidies that 'exacerbate climate change'. Additionally, in 2020, Equinor continued to support coal-to-gas switching. Furthermore, in response to the EU’s long-term GHG reduction strategy in 2018, Equinor is supportive of a ‘low-carbon’ energy mix that utilises natural gas, renewables and hydrogen. The company also advocates for greater GHG emissions reductions in EU Maritime Transport.

While Equinor appears to support transitioning away from coal, it does not appear however, to support transitioning away from oil and gas. In a submission to the EPA in 2019, Equinor argued for a continued role for natural gas in the energy mix, although did add that efforts to limit methane emissions must accelerate. However, in November 2019, at the Equinor Autumn Conference, CEO Eldar Saetre appeared to oppose the use of new 'enforced measures' to more rapidly transition the energy mix away from fossil fuels. In 2020, Equinor stated new investment was required for oil and gas production and the company continues to support further oil and gas exploration and production. In 2017-18 Equinor directly supporting an EU 550g carbon emissions standard for the capacity market for electricity generating units and in 2019 advocating for the early implementation of this standard. However, in October 2020, Equinor lobbied EU policymakers to weaken emissions thresholds on the sustainable investment criteria under the EU's Sustainable Finance Taxonomy, in order to include attempting the secure the inclusion of unabated natural gas: Equinor signed an open letter calling for the gas market to be the 'backbone of the EU's future energy system'.

Industry Association Governance: Equnior retains membership to numerous trade associations that continue to oppose specific climate policies and regulations. In 2020, Equinor holds membership of the International Association of Oil and Gas Producers (IOGP) and board membership of American Petroleum Institute (API), which lobbied in opposition to ambitious climate policy agendas on climate change. In its 2020 Industry Association review, Equinor stated it has some misalignments on climate policy with API and the Australian Petroleum Production & Exploration Association (APPEA), however, has chosen to remain a member at this time. Likewise, Equinor retains membership to various other trade assoociations that continue to lobby against specific climate change policies and regulations globally, including BusinessEurope, FuelsEurope and the Canadian Association of Petroleum Producers

QUERIES
DATA SOURCES
Main Web Site Social Media CDP Responses Legislative Consultations Media Reports CEO Messaging Financial Disclosures EU Register
Communication of Climate Science
2 1 NA 2 2 1 NS NA
Alignment with IPCC on Climate Action
0 1 NA 1 1 1 NS NA
Supporting the Need for Regulations
0 0 NS 0 0 0 0 NA
Support of UN Climate Process
1 1 NA 1 1 1 NS NA
Transparency on Legislation
0 NA 2 NA NA NA NS NA
Carbon Tax
1 1 NS 0 1 1 NS NA
Emissions Trading
2 1 2 1 1 1 0 NA
Energy and Resource Efficiency
NS -1 NS -1 NS 0 NS NA
Renewable Energy
-1 1 NS 1 1 NS 0 NA
Energy Transition & Zero Carbon Technologies
0 0 NS 0 0 0 0 NA
GHG Emission Regulation
1 2 2 1 2 0 NS NA
Disclosure on Relationships
0 NS 0 NA NA NA NS NA
Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
43%
 
43%
 
63%
 
63%
 
21%
 
21%
 
37%
 
37%
 
39%
 
39%
 
44%
 
44%
 
46%
 
46%
 
93%
 
93%
 
29%
 
29%
 
36%
 
36%
 
41%
 
41%
 
23%
 
23%
 
37%
 
37%
 
67%
 
67%
 
93%
 
93%
 
31%
 
31%
 
44%
 
44%
 
73%
 
73%
 
36%
 
36%
 
47%
 
47%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.