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Statoil achieves climate target two years ahead of schedule

Business

Category: Energy

Statoil has already achieved its 2015 target of reducing the annual CO2 emissions from the Norwegian continental shelf by 1.2 million tonnes from 2008 to 2020. The reduction equals the emissions from some 600 000 private cars annually, or almost every fourth car on Norwegian roads. “It is essential that we take strong and effective […]

Source: Statoil

Published: September 25, 2017


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Norway Signals Earlier Tightening in Bet Inflation Will Recover

Category: Business and Investment News

Norway’s central bank indicated it could raise interest rates sooner than earlier anticipated after taking stock of the country’s improved economic outlook and growing signs of tightening by its counterparts around the world.  Despite inflation remaining well below target, Norges Bank kept its key policy rate at 0.50 percent (where it’s been since March 2016) while revising […]

Source: Bloomberg

Published: September 25, 2017


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US Secretary of Commerce and EU Commissioner on the EU-U.S. Privacy Shield Review

Business

Category: Government

Joint Press Statement from US Secretary of Commerce Ross and Commissioner Jourová on the EU-U.S. Privacy Shield Review This week, officials from across the United States Government, the European Commission, and EU data protection authorities gathered in Washington, DC to conduct the first annual review of the EU-U.S. Privacy Shield Framework established in 2016. This […]

Source: European Commission

Published: September 25, 2017


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15 states now defy Trump by upholding the Paris climate accord

Business

Category: Government

The state-based movement to continue meeting the goals of the Paris Agreement on climate change following President Trump’s choice to withdraw is making headway. The U.S. Climate Alliance, as the group is called, said Wednesday that it is on track to meet and possibly surpass its portion of the Paris Agreement’s targets of a 24% to 29% […]

Source: Market Watch

Published: September 25, 2017


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The World’s Biggest Wealth Fund Hits $1 Trillion

Business

Category: Energy

Norway’s sovereign wealth fund hit $1 trillion for the first time on Tuesday, driven higher by climbing stock markets and a weaker U.S. dollar. The milestone valuation was reached for the first time on Sept. 19 at 2:01 a.m. in Oslo, Norges Bank Investment Management said in a statement on Tuesday. “I don’t think anyone […]

Source: Bloomberg

Published: September 25, 2017


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