Norwegian energy giant Equinor spinning off its renewables business from its core oil & gas operations would allow the part state-owned company to capitalise on a “singular” corporate mission and avail itself of the lower cost of capital afforded environmental, social and governance (ESG) focused companies as it accelerates its energy transition, according maritime group Clarkson Platou’s equity research arm.
Spinning off Equinor new energy unit would 'strengthen' oil giant's energy transition
Lower cost capital and no major loss of economies of scale could up pace of part state-owned company's shift away from oil & gas, says Clarkson Platou research
8 June 2020 17:25 GMT
Updated
8 June 2020 22:33 GMT
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