4 ms·

This is why you should, if possible, refuel at Statoil/Circle K. Statoil is (partly?) owned by the norwegian government and is basically the only oil giant that

This is why you should, if possible, refuel at Statoil/Circle K. Statoil is (partly?) owned by the norwegian government and is basically the only oil giant that try to preserve the environment and to reduce it's impact. Please support companies like that.

semi-extrinsic 9y ago
I agree it's good Statoil is making an effort, and they are most definitely trying to pivot into renewables (mainly offshore wind). But they also do some stupid shit, like oil sands in Canada. However I don't know if they're unique in this aspect, e.g. Saudi Aramco, ExxonMobil, Total are all huge oil companies that are pivoting into solar and wind. At this point it just makes pure business sense; renewable energy has (or will soon, depending on which tech) become profitable even without subsidies. These companies have a lot of engineering talent and money they can invest in projects. They see that oil and gas long term future prospects are bad (production costs are going up while demand is going down). Renewables are the opposite, costs going down and demand increasing. They are already energy production companies. You can also see they're playing on their strengths, like Statoil doing offshore wind because of their experience with offshore structures in adverse weather, while Saudi Aramco know lots about building and operating production equipment scattered around the desert so they focus on solar, etc.
- staticelf 9y ago
  Yeah sure, other companies does that as well. But in the meantime they deny that climate change is even a thing (at least in the US) but Statoil does not do that.
  - tonyedgecombe 9y ago
    http://corporate.exxonmobil.com/en/current-issues/climate-policy/climate-perspectives/our-position http://corporate.exxonmobil.com/en/current-issues/climate-po...
vidarh 9y ago
> Statoil is (partly?) owned by the norwegian government Statoil is 67% owned by the Norwegian government directly, and another 3% is owned by the Government Pension Fund Norway (which is the "small one" of the two Norwegian sovereign wealth funds - the biggest one which usually gets all the attention only invests outside of Norway)
varjag 9y ago
Statoil/Circle K. (the gas stations business) were spun off from Statoil proper years ago and are fully independent company who was just leasing the brand.
- staticelf 9y ago
  Yeah I understand, but I assume they are still purchasing their oil from Statoil. Probably a lot of other companies does that as well but I am not sure of which.

semi-extrinsic 9y ago

I agree it's good Statoil is making an effort, and they are most definitely trying to pivot into renewables (mainly offshore wind). But they also do some stupid shit, like oil sands in Canada. However I don't know if they're unique in this aspect, e.g. Saudi Aramco, ExxonMobil, Total are all huge oil companies that are pivoting into solar and wind. At this point it just makes pure business sense; renewable energy has (or will soon, depending on which tech) become profitable even without subsidies. These companies have a lot of engineering talent and money they can invest in projects. They see that oil and gas long term future prospects are bad (production costs are going up while demand is going down). Renewables are the opposite, costs going down and demand increasing. They are already energy production companies. You can also see they're playing on their strengths, like Statoil doing offshore wind because of their experience with offshore structures in adverse weather, while Saudi Aramco know lots about building and operating production equipment scattered around the desert so they focus on solar, etc.

staticelf 9y ago
Yeah sure, other companies does that as well. But in the meantime they deny that climate change is even a thing (at least in the US) but Statoil does not do that.
- tonyedgecombe 9y ago
  http://corporate.exxonmobil.com/en/current-issues/climate-policy/climate-perspectives/our-position http://corporate.exxonmobil.com/en/current-issues/climate-po...

vidarh 9y ago

> Statoil is (partly?) owned by the norwegian government Statoil is 67% owned by the Norwegian government directly, and another 3% is owned by the Government Pension Fund Norway (which is the "small one" of the two Norwegian sovereign wealth funds - the biggest one which usually gets all the attention only invests outside of Norway)

varjag 9y ago

Statoil/Circle K. (the gas stations business) were spun off from Statoil proper years ago and are fully independent company who was just leasing the brand.

staticelf 9y ago
Yeah I understand, but I assume they are still purchasing their oil from Statoil. Probably a lot of other companies does that as well but I am not sure of which.