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Stock impact report

Equinor to Challenge $65 Million Penalty Over Mongstad Emissions [Yahoo! Finance]

Equinor ASA (EQNR) 
Last equinor asa earnings: 2/6 12:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
The notice includes a NOK 220 million ($20 million) fine and a NOK 500 million ($45 million) confiscation claim following a multi-year investigation into historical emissions and discharges. The company said the matters date back several decades and were initially identified and reported by Equinor itself. While Equinor acknowledges the seriousness of the issues, it disputes Økokrim's conclusion that the refinery failed to meet its long-term maintenance obligations or that the company benefited financially from inadequate upkeep. As a result, Equinor plans to challenge the penalty in court. According to Equinor's executive vice president for Legal & Compliance, Siv Helen Rygh Torstensen, the company conducted extensive internal investigations, disclosed findings to authorities, and implemented corrective measures after uncovering the emissions issues. She argued that Økokrim has not adequately specified the nature of the alleged negligence or demonstrated how Equinor supposedl Show less Read more
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