Equinor ASA faces mounting pressure from institutional investors to end Arctic oil and gas exploration.
Six new signatories, including Swedbank Robur Fonder AB and Ircantec, recently joined the coalition. The total assets under management for the group now exceed €1 trillion.
Investors specifically target the development of the Wisting oil field. The group warns that Arctic drilling contradicts European Union climate goals and introduces financial risks.
Signatories are urging the EU to maintain its opposition to new Arctic drilling during its regional policy revision. This move aims to signal a clear commitment to the green transition for companies and investors.