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Equinor Boosts Emissions Targets as Profit Meets Expectations

Feb.06 -- Equinor ASA boosted its emissions targets just as it announced record production of oil and gas that helped it meet profit expectations in the fourth quarter. The Norwegian state-controlled oil producer now plans to eliminate net carbon emissions from its global operations by 2030 and reduce the net carbon intensity of the energy it produces by half by 2050 -- for the first time including targets for the products it sells. Chief Executive Officer Eldar Saetre talks on "Bloomberg Markets: European Open."