Profit before tax at the stateowned firm fell to
The firm's suite of new measures to tackle its fossil fuel footprint includes a commitment to reduce carbon intensity from all emissions connected to the company by 50 per cent by 2050.
This means that by that date each unit of energy produced will, on average, have less than half of the emissions compared to today.
The ambition even includes scope three emissions, those created by customers in
The move is a considerable volteface for chief executive
The firm also said that by 2030 all of its operations around the world would be carbon neutral.
Saetre said: "We will continue addressing our own emissions in line with the emitter pays [rule]. We can and will do much more."
(c) 2020 City A.M., source