Trellison InstituteResearch Integrity · Methodology Evaluation

Equinor ASA

Norway · Oil Gas · Scope 1+2 45 MtCO2e (2023)

EIA national-context live: Country of incorporation (Norway → NOR) enriched with US EIA International Energy Statistics (2024). Source: gold_country_energy_profile.
Country of incorporation
Norway
Category
Oil Gas
Scope 1+2 (2023)
45
MtCO2e
Scope 3 (2023)
204
MtCO2e
ETS compliance cost
$2,200M

National context — EIA indicators

Country CO2 total
37.40
MMT CO2
Fossil electricity share
0.9%
Electricity generation
155.02
billion kWh
Primary energy consumption
1.15
qBtu
Country crude oil production
1,789
thousand barrels/day
Country coal production
119.90
1000 metric tons
Country NG production
4.87
qBtu

ETS exposure

Norwegian CO2 tax (world's highest) + EU ETS. ~80% of Norwegian upstream emissions priced. 2023 combined CO2 cost: $2.2 billion

Disclosure posture

Very High — detailed breakdowns of carbon costs

Strategic posture

Northern Lights CCS operator; offshore wind + hydrogen; 2030 50% emissions reduction target

Proof-pack relevance

Highest carbon-cost exposure in the peer group. Operates Northern Lights (first commercial CCS hub in Europe) — prime candidate for proof-pack-equipped removal tonnes.

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