Norwegian operator Statoil expects to receive a critical environmental resolution on its oil and gas exploration at its AGM from a pressure group set up by a group of grandparents against climate change.
The company will hold its Annual General Meeting (AGM) tomorrow and is expecting only muted criticism over is environmental record.
However the Norwegian Grandparents’ Climate Campaign is urging Statoil to halt oil and gas exploration worldwide and to pull out of projects such as tar sands in Canada.
According to reports, other groups such as WWF and Greenpeace who had submitted critical resolutions every year since 2010, said this year Statoil deserved a break.
Nine Jensen, head of WWF Norway, said: “We do see a shift in Statoil that we wanted to acknowledge by not pestering them at this year’s AGM. They have still got a huge way to go.”
Changes made by Statoil in the past year include setting up a renewable energy area backed by a $200million venture capital fund.
Last month, the company agreed to invest $1.37billion with E.ON to develop a wind farm off Germany.
Halfdan Wiik, a retired librarian who chairs the Grandparents’ Climate Campaign, said Statoil was not doing enough. “You have to keep on annoying them,” he said. “We have heard nice words before.”