"Clock ticking" to achieve energy transition - Equinor (updated)

Meren Energy

09/11/2021 10:44

(Adds Africa Oil saying transition to take 30 years)
    DUBAI, Nov 9 (Reuters) - A senior executive for Norwegian oil company
Equinor  EQNR.OL  said on Tuesday that the "the clock is ticking" to achieve an
energy transition away from hydrocarbon.
    "If we don't take action, we'll end up losing out," Equinor's Senior Vice
President for Africa Paul McCafferty told the Africa Oil Week conference in
Dubai.
    The transition will be "more like a 30-year" process, not five or ten years,
Africa Oil Corp  AOI.TO  Chief Executive Officer Keith Hill told the conference.
    African states should keep the focus on ensuring energy security for their
populations as the continent only accounts for 2 percent of global CO2
emissions, he said.
    
     
     

 (Reporting by Yousef Saba, writing by Maher Chmaytelli, Editing by Louise
Heavens, Kirsten Donovan)
 ((maher.chmaytelli@thomsonreuters.com;))