Statoil’s CEO Eldar Saetre has vowed to cut the company’s CO2 emissions across its Norwegian assets over the next 13 years.
“Statoil’s ambition is to remain a global leader in cost and carbon-efficient oil and gas production,” Saetre said, speaking at the Autumn Conference 2016, hosted by Statoil in cooperation with the Norwegian Ministry of Petroleum & Energy and the International Energy Agency.
“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,” he added.
The world has more fossil resources than it can burn and the global energy mix has to change, Saetre said.
“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,” Sætre said.
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