Equinor ASA | Withdraw from all offshore wind and omit board salary increases and bonus schemes at Equinor ASA

Status
AGM passed
AGM date
Previous AGM date
Proposal number
10
Resolution details
Company ticker
EQNR (previously Statoil)
Lead filer
Individual
Resolution ask
Adopt or amend a policy
ESG theme
  • Environment
  • Governance
ESG sub-theme
  • Climate change
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Energy
Company HQ country
Norway
Resolved clause
A shareholder has proposed the following resolution:
“1. Equinor withdraws from all offshore wind projects in the US and elsewhere in the world.
2. In light of financial misjudgements regarding wind power, all bonus schemes and salary increases should be
omitted in 2025 for the Equinor board members and corporate executive committee.”
Supporting statement
This is due to the alarming information that Equinor could lose billions on such projects, cf. the article in E24 that was
published on 21 January this year: https://e24.no/boers-og-finans/i/zAe6Xr/mener-equinor-risikerer-milliardnedskrivningpaa-havvind. As a proposer, I would also like to point out that offshore wind turbines are harmful to bird life and cause
damage to marine nature due to erosion on the wind turbines of, among other things, microplastics with PFAS and
Bisphenol A that are absorbed by algae and fish that live in the sea, and which will damage marine nature without known
consequences.

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