Equinor ASA | Phase out sale of oil and gas & multiply investment in CCS and renewables at Equinor ASA

Status
0.39% votes in favour
AGM date
Previous AGM date
Proposal number
14
Resolution details
Company ticker
EQNR (previously Statoil)
Lead filer
Individual
Resolution ask
Adopt or amend a policy
ESG theme
  • Environment
  • Social
ESG sub-theme
  • Climate change
  • Public health
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Energy
Company HQ country
Norway
Resolved clause
As a medical doctor and a shareholder, on behalf of the Norwegian Health Professionals’ Climate Action, I
ask Equinor’s annual general meeting to please adopt the following proposals:
“• Equinors’ management reads up on the suffering and death caused by global warming due to fossil
energy, and lets this characterise its further strategy.
• Equinor stops all exploration for more oil/gas in Norway and abroad.
• Equinor drafts a binding plan for phasing out all production and sale of oil and gas in Norway and
abroad as soon as possible.
• Equinor multiplies its investments in renewable energy and CCS.
• Equinor improves its reputation by implementing this, becoming a forward-looking, climate-friendly
company that assumes responsibility for future generations’ health and quality of life.”
Supporting statement
The shareholder’s supporting statement:
The climate crisis is a health crisis. Global health organisations, including the Norwegian Medical
Association, have in a joint statement referred to global warming as the greatest current threat to global
public health1
Climate change will undo the progress made in global health over the past decades. Medical
doctors have an ethical obligation to raise the alarm about major health hazards.
According to the Norwegian Institute of Public Health, children under the age of five today bear an
estimated 88 percent of the burden of disease associated with climate change. This starts in the womb.
Pregnant women are also a particularly vulnerable group. In general, extreme weather leads to an
increased incidence of lung/cardiovascular disease, asthma and allergies, infections, post-traumatic stress
disorders, depression, and anxiety2
.
If energy companies continue along their current path, the world will, according to today’s best scientific
estimates, head for a global warming of 3°C, or more. Rising sea levels, floods, droughts, heat, and cyclones
will make large parts of the world uninhabitable. Several hundred million people will be forced to flee
their homes. The World Health Organization, the World Medical Association and several hundred health
organisations therefore demand that all exploration of new fossil fuel deposits be stopped3
.
As a wealthy country responsible for large global greenhouse gas emissions, Norway has a particular
moral and financial responsibility to be at the forefront of the fight against climate change. Equinor, with
the Norwegian state as the main shareholder, currently contributes to Norway’s largest greenhouse gas
emissions. The company has a special responsibility to steer the energy market in a more health-enhancing,
more sustainable and more profitable direction.

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