Statoil Claims to Care About Climate Change, Commits Future to Oil and Gas

Big oil company Statoil yesterday released its ‘climate roadmap’. It said the plan “will further strengthen Statoil’s industry leadership in climate performance”.

A closer look shows that Statoil — a major player in the UK’s North Sea oil and gas industry — doesn’t plan to change much, however. The Norwegian oil company plans to still be a big oil and gas company decades from now, ignoring  warnings that its carbon bubble may burst as the world moves away from fossil fuels to cut emissions and tackle climate change.

In a five minute video accompanying the roadmap’s launch, Bjørn Otto Sverdrup, Statoil’s senior vice president for sustainability, said “it is very important for energy companies to take a stand and help to contribute to reduce emissions”.