Equinor's chief says while prices will not be as volatile, investment in renewables must be paid for.
The boss of Norwegian energy giant Equinor has said he does not expect gas and electricity bills to return to the levels they were before Covid.
In recent weeks, in part due to warmer than usual weather across Europe, gas prices have returned to where they were before the Russian invasion of Ukraine. Mr Opedal spoke to the BBC before attending the World Economic Forum in Davos, Switzerland which is an annual gathering of political and business leaders. The theme of this year's meeting, which takes place from 16-20 January, is "Cooperation in a fragmented world".
The scheme also lets firms claim tax savings worth 91p of every £1 invested in fossil fuel extraction in the UK.
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