Equinor's CEO Eldar Sætre outside the company's headquarters. Photo: Vidar Ruud/AFP/Getty Images

Equinor, the Norwegian oil-and-gas behemoth, on Wednesday became the latest major company to reach a deal with activist investors that bolsters its climate-related initiatives.

What's next: Equinor agreed to "align its business model with the goals of the 2015 Paris climate accord, and will review its corporate lobbying policy and the carbon intensity of its products, the company said in a statement. It will also link executive pay to climate-related targets," Bloomberg reports.

The big picture: Equinor is the latest oil major to reach an agreement with the investor network called Climate Action 100+, the same group that pressured Shell and BP into new pledges and disclosures in recent months.

Quick take: I'll be curious to see what comes of this part of the agreement: "Equinor commits to undertake a comprehensive review of its memberships in industry associations that hold an active position on climate and energy policy."

  • The same pledge led Shell to recently abandon American Fuel & Petrochemical Manufacturers. However, Equinor isn't a member of that group.

Go deeper:

Go deeper

4 hours ago - Technology

TikTok to pull out of Hong Kong

Illustration: Aïda Amer/Axios

TikTok said Monday night that it would pull its social video platform out of the Google and Apple app stores in Hong Kong amid a restrictive new law that went into effect last week.

Why it matters: TikTok's move comes as many large tech companies say they are still evaluating how to respond to the Hong Kong law.

7 hours ago - World

Ethiopia's Nobel Peace laureate cracks down on ethnic violence

The image of a Nobel Peace laureate in military fatigues encapsulates the moment in which Ethiopia finds itself — on the verge of a transition to democracy, a descent into violence or, perhaps, a precarious combination of the two.

Driving the news: At least 166 people were killed after an iconic musician, Haacaaluu Hundeessaa, was murdered last Monday in Addis Ababa, the capital. Prime Minister Abiy Ahmed responded to the violence by sending in troops and shutting off the internet. High-profile opposition leaders were arrested, along with some 2,300 others.

Updated 9 hours ago - Health

Atlanta Mayor Keisha Lance Bottoms tests positive for coronavirus

Atlanta Mayor Keisha Lance Bottoms said on Monday that she has tested positive for the coronavirus after displaying no symptoms.

Why it matters: Bottoms, one of several Black women on the shortlist to be Joe Biden's running mate, has risen to national prominence in recent months as part of mass protests over racism and police brutality — driven in part by the killing of Rayshard Brooks by Atlanta police.