Equinor's decision to scrap its proposed drilling in the Great Australian Bight comes as a shock to supporters and critics alike.
Dr Bethune said Equinor had announced earlier this month it was working towards a 50 per cent cut in net carbon intensity by 2050."For example, OMV sold out of Tui in NZ in the past quarter because it said it was shifting away from oil," he said.
In 2007, Equinor began strategic cooperation with state-owned giant China National Petroleum Corporation but Dr Bethune would not speculate on whether China was more likely to show an interest in the bight.
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