Statoil finally sells out of oil sands

Norwegian oil company Statoil finally did what climate activists, environmentalists and several top Norwegian politicians have been urging for years: Sell off the last of its highly controversial oil/tar sands assets in Canada. “This has been an absolutely catastrophic project for Statoil,” claimed one Greenpeace activist as others expressed profound relief. Statoil announced Wednesday night […]

Statoil starts to clean up its act

NEWS ANALYSIS: Norway’s state oil company Statoil, faced with much lower prices for what it sells, is launching a more offensive climate strategy. It’s suddenly showing more interest in renewable energy projects and even admits that its highly controversial oil sands project in Canada probably wouldn’t have been approved today. In an interview with Oslo-based newspaper Dagens […]

Statoil rejects ethical proposals

Norway’s mostly state-owned oil company Statoil rejected three  proposals from other shareholders for greener, more ethical operations, ahead of its annual general meeting in Stavanger on Wednesday. Controversial issues that shareholders wanted reviewed included oil sands mining in Canada, exploration in the Arctic, and projects and investments in countries known for corruption and dictatorship. The […]

SV gets support for oil sands opposition

Norway’s Socialist Left party (SV) seems to finally have attracted enough support from its government coalition partner, Labour, to forcefully oppose state-controlled oil company Statoil’s controversial oil sands operations in Canada. Norwegian Broadcasting (NRK) polled half of Labour’s 64 Members of Parliament and found that 12 are willing to urge the government to instruct Statoil […]

More oil sands’ static for Statoil

Another demonstration against oil company Statoil was held outside the Norwegian Parliament in Oslo on Monday, with a broad alliance calling Statoil’s oil sands project in Canada a “shame” for Norway and Statoil itself. Meanwhile, in Turkmenistan, Statoil reportedly held a small demonstration of its own. Politicians from the Christian Democrats, the Liberal Party (Venstre) […]