Oil Giant Equinor Announces New Investments in Forests, Marking Its First Time in Brazil

Written by Roberta Souza

Published on 19/12/2020 at 14:57

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The Norwegian Equinor Will Invest for the First Time in Brazil in the Preservation and Maintenance of Forests

Equinor Brazil announced that the company has closed a partnership with the Guapiaçu Ecological Reserve (Regua) in Cachoeiras de Macacu, in the State of Rio de Janeiro. This will be the first time that the Norwegian company makes a global investment in the protection and maintenance of forests in Brazil. The partnership is valid for three years and may be renewed for two more years.

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The investment aims to protect and reforest the Atlantic Forest in Brazil to contribute to the company’s decarbonization plan to achieve net zero carbon emissions by 2050.

Margareth Øvrum, Executive Vice President of Production and Development at Equinor in Brazil, stated that “Restoring and protecting tropical forests is crucial for conserving biodiversity and addressing climate change. In partnership with Regua, we will contribute to the restoration of degraded areas, returning to the original forest, as well as ensuring permanent protection of remaining forests and enabling education for students in Rio de Janeiro so they can learn about the importance of tropical forests, biodiversity, and climate.”

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Oil Giant Equinor Announces New Investments in Forests, Marking Its First Time in Brazil

The Norwegian Equinor Will Invest for the First Time in Brazil in the Preservation and Maintenance of Forests

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Oil Giant Equinor Announces New Investments in Forests, Marking Its First Time in Brazil

The Norwegian Equinor Will Invest for the First Time in Brazil in the Preservation and Maintenance of Forests

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Chinese woman planted trees for decades while sand buried part of her house, received $5,000 from an American in 1999, and helped transform the desert into a forest of 8 million trees in China.

Almost 6,000 residents live concentrated along a single street nearly 9 km long in the interior of Poland. Houses form a continuous row, and behind them, narrow agricultural strips emerge, creating one of the most unusual rural patterns in Europe.

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