With Russian oil and gas deliveries a fraction of what they were before the war in Ukraine, Norway has emerged as a key source of energy. The state-owned energy company, Equinor, has helped expand oil and gas production to fill the gap left by Russia.
Meanwhile, the urgency of acting on climate change continues to grow. In the wake of Russia’s invasion, European governments and others are strengthening their renewable energy targets in a bid to tackle climate change and enhance their energy security.
Equinor, with a strong renewables business, wants to be a leader in the energy transition.
What does the road ahead look like for a company like Equinor? And what does it tell us about where Europe is headed?
This week host Jason Bordoff talks with Anders Opedal about Equinor’s response to the war in Ukraine and the subsequent European energy crisis. They also discuss the company’s goal to reach net-zero by 2050.
Anders has been the president and CEO of Equinor since August 2020. The energy company is responsible for 70% of oil and gas production in Norway and was instrumental in Norway becoming Europe’s largest source of natural gas.