Statoil today committed to playing its part to cut four million tons of CO2 by 2030.
Speaking at its Autumn Conference, chief executive Eldar Saetre said:“Statoil’s ambition is to remain a global leader in cost- and carbon-efficient oil and gas production. Together with the rest of Norwegian industry, we will cut almost 4 million tons of CO2 by 2030. It equals emissions from 7 out of 10 cars on Norwegian roads. This is real impact.
“In a low-carbon world, how oil and gas is produced – and which barrels are produced – will increasingly matter. It will come down to producers who can deliver energy at low costs with low emissions. Removing highly CO2-efficient barrels does little to reduce global oil demand – it simply allows demand to be filled by resources with higher costs and higher emissions.”
On the Norwegian continental shelf carbon emissions are approximately half the reported global average.
It is currently working on the world’s first offshore floating windfarm off the coast of Scotland – The Hywind project.
“Statoil is an energy company, and renewables are part of our core business,” says Eldar Sætre.
He added: “The world has more fossil resources than it can burn, and the global energy mix has to change. If policy makers are serious about climate change, dramatically and rapidly reducing coal must be an urgent priority. Coal can be replaced with continued growth in new renewable energy and natural gas. The climate simply cannot afford to disregard the immediate and significant effect natural gas offers,
