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Equinor to invest USD 750m in green companies

Going forward, the Norwegian oil firm will invest in startups focusing on renewables instead of oil and gas companies.

Photo: INTS KALNINS/REUTERS / X02120

Investments must be greener, and new companies testing technologies to handle climate change are in particularly high demand, says Gareth Burns, chief executive of Equinor Ventures, to Norwegian media Europower.

"Previously, it was all about oil and gas-related companies, but recent investments have increasingly gone toward companies within renewable energy," he tells the media.

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