Equinor is reducing its renewable energy investments by half over the next two years while increasing oil and gas production. CEO Anders Opedal cites slower-than-expected transition to lower carbon energy and rising costs as reasons. The controversial Rosebank oil field project is expected to proceed despite legal challenges, with Opedal emphasizing its economic benefits for the UK. Environmental groups oppose the project, arguing it won't improve energy security or lower bills. Opedal acknowledges the challenges of balancing current drilling with future net-zero goals.