Equinor – Interim Target A

2025: >30% share of annual gross capex to renewables and low carbon solutions. Upstream CO2 intensity 50% share of annual gross capex to renewables and low carbon solutions. Reduce net carbon intensity by 20%, and increase renewable energy capacity 12-16 GW. Reduce upstream CO2 intensity to around 6kg CO2/boe. Increase CCS to 5-10 million tonnes per year. Eliminate routine flaring, keep methan emission intensity near zero, and reduce maritime emission by 50% in Norway. 2035: Carbon Capture and Storage to 15-30 million tonnes of CO2 per year. Estable a 10% market share of hydrogen in Europe. Reduce net carbon intensity (scope 1 and 2, some scope 3), by 40%. 2040: Reduce absolute emissions in Norway by 70%. 2050: Net-zero emissions and 100% net carbon intensity reduction. Reduce absolute emissions in Norway near zero. Reduce maritime emissions by 50% globally.