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Rosebank owner Equinor announces £24 billion profits as millions live in fuel poverty
Protesters from Fossil Free London demonstrate outside JP Morgan's Canary Wharf offices as part of the action to disrupt the Energy Intelligence Forum (EIF) summit, a gathering between Shell, Total, Equinor, Saudi Aramco, and other oil giants, being held in central London, October 19, 2023
THE owner of the Rosebank oilfield announced today that it made £24 billion in global profits last year and plans to halve international spending on renewable energy.
Equinor has made £141bn since the start of the energy crisis in 2020, according to the End Fuel Poverty Coalition.
The Norwegian state oil giant also said planned reductions in renewables spending were to adjust “ambitions to realities.”
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