Equinor ASA | Align with Paris Agreement at Equinor ASA
How other organisations have declared their voting intentions
Organisation name | Declared voting intentions | Rationale |
---|---|---|
MN | For | We will vote FOR this resolution, the responsibility for determining the strategy lies with the management and the board. Equinor's strategy to maintain oil and gas production stable until 2035, where the natural decline in production is offset by growth in the international oil and gas portfolio, is not in line with pathways to the Paris Climate Agreement. The resolution rightly requests the company to assess new investment plans against the Paris Climate Agreement, including investments in new oil and gas fields. |
Robeco | For | https://www.robeco.com/en-int/insights/2024/04/voting-to-support-the-climate-transition |
Railways Pension Trustee Company Limited (Railpen) | For | https://cdn-suk-railpencom-live-001.azureedge.net/media/media/wopg2lxr/equinor-pre-declaration-2024-climate-transition.pdf |
Cardano | For | Cardano votes FOR this resolution. Despite its ambitions, Equinor’s energy strategy and capex are still falling short of a 1.5°C pathway. Equinor’s reduction targets, intention to keep production stable until 2035, plans to invest in new oil and gas reserves and its renewable energy targets are not aligned with the IEA Net Zero 2050 pathway. Equinor should therefore, as requested by the resolution, update its energy strategy accordingly. |
Kutxabank Gestion SGIIC SAU. | For | |
KLP | For | KLP supports this resolution as we do not see that the company’s present production plans are aligned with the goals of the Paris climate agreement, which is what we expect from the company. |
VidaCaixa | For | |
KBI Global Investors | For | We are supporting the proposal as it aims to further strengthen the energy transition plan that the company currently discloses, especially in clarifying the company's plans for additional fossil fuel exploration. |
CaixaBank Asset Management | For | A vote FOR this proposal is warranted as the proposal aims to bring further strengthen the energy transition plan that the company currently discloses, especially in clarifying the company's plans for additional fossil fuel exploration. |
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