Norway’s Bold Energy Shift: More Oil, Less Green? Norway’s state oil company has declared plans on cutting down their green investments in half and focus on producing more oil and gas. Andres Opedal, the chief executive of Equinor, has announced plans to reduce their investments from 10 billion dollars to 5 billion dollars in the next two years. This will give them the capability to increase their oil and gas production by 10% which will be around 2.2 m barrels of oil equivalent a day by 2030. According to Opedal, the low carbon energy transition was not smooth as it’s planned and its costs have increased over time and it was the time for them to think about the future profitability. This situation has raised debates especially concerning the development of the Rosebank oilfield in the North sea. Opedal has declared even though there are controversies going around the Rosebank project, it’s an important project for them which can provide local jobs in Scotland and UK, and express ...