Greenpeace reaction to Equinor profits

Commenting on news reports that Equinor recorded record profits of £23.8bn last year, Greenpeace UK’s head of UK climate, Mel Evans, said: 

“Equinor is the latest fossil fuel giant to post record profits looted from bill payers pockets while destroying the climate last year. Just 0.13% of its energy production came from renewables in 2022.

“Dependence on oil and gas is pushing our bills up. Giving Equinor’s climate-wrecking Rosebank oilfield the green light won’t bring them down but it will pour fuel on the climate emergency. It’s only cheap, home grown renewables coupled with warmer, insulated homes that will help lower both bills and carbon emissions.

“Instead of giving out more tax breaks for oil and gas drilling, the government needs to claw back these massive profits and use them to insulate people’s homes and scale up renewable energy.”