All posts by Janice Gundersen

California and Norway Ink New Climate Partnership

LARKSPUR – California took significant new climate action with another partner today: Norway.

Governor Gavin Newsom welcomed a delegation from Norway led by His Royal Highness Crown Prince Haakon. Following a stop at San Quentin focused on criminal justice reform, the California and Norway delegations visited the Larkspur Ferry Terminal – with the backdrop of one of the world’s first clean hydrogen fuel cell passenger ferries – to sign a new Memorandum of Understanding (MOU) to advance climate collaboration.

The MOU outlines four years of cooperation between California and Norway on clean energy, zero-emission transportation and ports, carbon removal and climate-smart agriculture. 

Read full article, here.

Joint Statement from the United States and Norway on Cooperation on High-Standard, Market-Oriented Trade of Critical Minerals

Today, U.S. Deputy National Security Advisor for International Economics Daleep Singh and Norwegian Minister of Trade and Industry Jan Christian Vestre signaled their intent to move forward with a U.S.-Norway Memorandum of Understanding (MOU) Concerning Cooperation on High-Standard, Market-Oriented Trade of Critical Minerals. The MoU is an important step towards further strengthening the United States and Norway’s future strategic cooperation regarding critical minerals. Under this MOU, the United States and Norway intend to build on months of constructive dialogue through a coordinated approach to the challenges and opportunities that characterize markets for critical minerals. Key focus areas of this cooperation will include advancing high-standard labor and environmental conditions in global critical minerals supply chains and examining and identifying appropriate responses to non-market policies and practices in third countries that have contributed to volatile, distorted market conditions. With this MOU, the United States and Norway intend to deepen our partnership in pursuit of the long-term commercial viability of sustainable, high-standard, market-oriented critical minerals mining and processing activities in the United States, Norway, and globally.

Read statement here.

AbbVie satser tungt – flere oppkjøp og partnerskap på kort tid

Oppkjøp og samarbeidsavtaler er en viktig del av den internasjonale legemiddel- og biotekbransjen. Mindre selskaper inngår gjerne avtaler om samarbeid og lisensiering av sine produkter til større selskaper for å sikre seg nødvendig kapital for videreutvikling av egne produkter. Ofte kan slike samarbeid ende opp i oppkjøp.

Ett av selskapene som har vært aktive på den fronten den siste tiden er legemiddelselskapet AbbVie. En gjennomgang av avtalene selskapet har inngått viser at selskapet siden oktober i fjor har inngått en rekke avtaler, inkludert flere oppkjøp.

Disse avtalene har selskapet inngått i løpet av det siste halve året:

I oktober kjøpte AbbVie biotekselskapet Mitokinin. Selskapet utvikler førsteklasses sykdomsmodifiserende behandlinger av Parkinsons sykdom. Selskapets ledende kandidat er en selektiv PINK1-aktivator som kan bli sentral i behandlingen av sykdommen.

Kun to måneder senere, i desember 2023, kjøpte AbbVie selskapet Cerevel Therapeutics. Oppkjøpet sikrer AbbVie en robust pipeline av potensielle fremtidige behandlinger av psykiatriske og nevrologiske sykdommer med stort umøtt medisinsk behov. De trekker blant annet frem legemiddelkandidaten Emcraclidine som en potensiell ny standardbehandling av schizofreni og andre psykiatriske lidelser

Read full article, here.

AmCham Defense Forum: A New Security Environment

AmCham Defense Forum: A New Security Environment

Rud Pedersen Public Affairs recently hosted AmCham’s first Defense Forum of the year, centered on the “Development of the Norwegian Armed Forces in a New Security Environment and Opportunities for Industry,” featuring esteemed speakers Kjetil Skogrand and Ine Eriksen Søreide.

Skogrand, Partner and Director of Defense & Security at Rud Pedersen, provided a comprehensive overview of Norway’s strategic landscape, emphasizing its critical position in a challenging neighborhood and the implications of its role as a significant energy supplier and coastal nation in potential conflicts. He underscored Norway’s increasing importance, particularly in light of Sweden and Finland’s NATO membership. Skogrand further discussed the Norwegian armed forces and the forthcoming long-term defense plan (LTP), noting the country’s track record of effectively implementing such plans.

Speakers

Ine Eriksen Søreide

Acquisition Pace & Standardization

Subsequently, Ine Eriksen Søreide, Member of Parliament for the Conservative Party and Chair of the Standing Committee on Foreign Affairs & Defense, shared insights from her recent participation in the NATO exercise Nordic Response. Highlighting the evolving nature of Nordic cooperation, Søreide stressed the significance of the enhanced ability for information-sharing and mutual protection, especially in the face of Russia’s escalating activities in the Arctic region and overall military scale-up.

While not divulging sensitive details about the impending LTP, Søreide emphasized the imperative of streamlining acquisition processes to meet defense objectives. She indicated that reducing Norway-specific adjustments to military procurement and investing in readily available materials, akin to practices adopted by allied nations, could be one of the several measures needed in addressing existing deficiencies in the national force structure effectively.

In conclusion, the Defense Forum highlighted the critical strategic considerations facing Norway in the evolving security landscape, alongside opportunities for enhanced cooperation and streamlined defense procurement processes. Optimism abounded regarding forthcoming investments in the defense sector, promising improvements in both materials and personnel. However, the anticipated influx of funding poses challenges in absorption, necessitating careful planning for administration and staffing of new initiatives and solutions. As Norway prepares for these transformations, it underscores the necessity of adaptability and foresight in navigating the complexities of modern defense.

Kjetil Skogrand

About the AmCham Defense Forum

In partnership with the US Commercial Service, the Defense Forum supports US defense industry partners in Norway. Key Patron-level and defense industry representatives gather quarterly to forge enhanced public-private sector collaboration – sharing insights, developments, and trends to secure long-term transatlantic bonds.

Please contact amcham@amcham.no for interest in future meetings.

 

AmCham Sustainability Forum: Regulation as Opportunity & Operationalizing Across the Organization

AmCham Sustainability Forum: Regulation as Opportunity & Operationalizing Across the Organization

Cross-industry member leaders gathered at Lucid Motors’ studio for a morning Sustainability Forum focusing on how organizations can best orient themselves toward climate accounting and the methodical integration of sustainable practices across departments. 

Jack Huiman, Head of Retail & Marketing, shared Lucid Motors’ journey from the start – from modular battery innovations to producing EV’s that travel farther using less energy. This positions Lucid as EV industry leaders, with technology at the core of the expanding California company. 

Position Green’s Executive Chairman Joachim Nahem and Managing Director Morten Skodbo shared insights on how sustainability disclosure regulations present opportunities for business efficiency action. For its part, Position Green’s own software is designed for processes and systems to operate within digital taxonomy – enabling businesses to keep up with regulations and sustainability documentation.

Jack Huiman

lucid-motors-black text

Kerry M. Bommen

Joachim Nahem

PositionGreen-Logo-rgb

Morten Skodbo

PositionGreen-Logo-rgb

What Does Success Look Like for Your Organization?

Kerry M. Bommen, Director Sustainability at Kongsberg Defence & Aerospace, presented on integrating sustainable practices into the core processes and future-proofing the business. With 4,635 employees in 16 countries, Kongsberg is a global technology leader and at the forefront of sustainable industry standards, as evidenced in their Annual & Sustainability Report 2023. Bommen emphasized collective responsibility with purpose – and a top-level leadership mandate. 

 About AmCham Sustainability Forum 

Future success is dependent upon running a sustainable business – for people, planet, and profit. Hence, AmCham brings select, cross-industry member company representatives together on an ongoing basis to discuss opportunities, facilitate open exchange and determine how AmCham members can best contribute to Norwegian and US sustainability agendas going forward. 

Please read more about our Sustainability Forum and contact Janice.Gundersen@amcham.no for interest in future meetings. 

AmCham’s 2024 AGM & Transatlantic Assembly

AmCham's 2024 AGM & Transatlantic Assembly

Managing Director Jason Turflinger extended a warm welcome to attendees at AmCham’s 2024 Annual General Meeting, graciously hosted by EY. He presented the organization’s robust results, future initiatives, and strategic priorities. AmCham Chair Ketil Nordengen (3M) emphasized transatlantic collaboration and adaptability in navigating evolving business landscapes. He expressed optimism for the coming year, highlighting talent cultivation, technological advancements, and sustainable practices as key for overcoming challenges and seizing opportunities.

A Renewed AmCham Board of Directors

Nominees for AmCham’s Board of Directors were announced and confirmed, with Trine Strømsnes appointed as AmCham’s First Vice Chair, and Hilde Bech (BMS), Birte Marie Horn-Hanssen (BI), and Thomas Huuse (Baker Hughes) welcomed as new board members. The renewed Board of Directors boasts extensive cross-industry expertise, well capable of advancing key pro-business initiatives.

Outgoing members Pål Rokke (Citi) and Elisabeth Hellemose (AIG) were warmly acknowledged for their invaluable contributions to the Board. Rokke’s remarkable 14-year tenure, which included serving as Board Chair from 2013-2020, solidifies his position as the second longest-serving Chair in AmCham’s history. Similarly, Hellemose’s dedicated service as a Board member from 2021-2024, culminating in her role as First Vice Chair, has left a lasting impact on AmCham’s endeavors.

Notable AmCham Board Changes & Additions

Trine Strømsnes

First Vice Chair

Cisco Norge – Managing Director

 Hilde Bech

Director

Bristol Myers Squibb Norway – General Manager

Birte Marie Horn-Hanssen

Director

BI Norwegian Business School – Head of Outreach

Tom Huuse

Director

Baker Hughes – Global Executive Account Director

Trade & Investment, Bilateral Collaboration, and Industrial Transition

Following the AGM, the annual Transatlantic Assembly commenced, focusing on trade & investment, bilateral collaboration, and industrial transition. Keynote speeches by Christin Bøsterud, Country Managing Partner & Nordic Chief Sustainability Officer at EY, and Bård Ludvig Thorheim, Member of Parliament (H), set the stage.

Bøsterud emphasized the pivotal role of sustainability in corporate responsibility, noting its impact on global trade dynamics amidst geopolitical shifts, while Thorheim highlighted the potential of the US-Norway relationship to drive job creation and innovation through cultural exchanges and expertise synergies.

The subsequent panel discussion, featuring Thorheim alongside industry leaders Trine Strømsnes, General Manager at Cisco Systems Norway, Mads Ribe, Associate Partner at EY, and Sharon Hudson Dean, Chargé d’Affaires at the US Embassy, addressed critical imperatives for transatlantic cooperation.

Panelists advocated for harmonizing regulations between the EU and the US to spur interoperability and innovation. They stressed the urgency of bolstering competencies in cybersecurity and AI to tackle emerging challenges across industries. Public-private partnerships were identified as essential for developing technological solutions and timely and effective regulatory frameworks.

While acknowledging the robustness of the US-Norway relationship, panelists identified avenues for its further enhancement:

  • Norway’s role as a pioneer in adopting new technologies should persist, setting a precedent for others and offering itself as a testing ground for early adoption.
  • Emphasizing self-reliance in energy production and fostering dependable supply chains among allies are imperative.
  • Collaboration on green digital transformation is essential, recognizing that technology is indispensable for realizing sustainable transitions.
  • Exploring the possibility of a US-Norway free-trade agreement warrants consideration.
  • Sustaining collaborative efforts for global stability remains paramount.

In conclusion, the assembly highlighted the significance of leveraging transatlantic partnerships to navigate geopolitical uncertainties and drive sustainable economic growth in a time of transition.

Built fjord tough: Why one American ally is surging defense spending

The Ukraine war and Vladimir Putin’s aggression has transformed Western security policy in countless ways. In Norway, that transformation has a new price tag: $152 billion.

Norway on Friday unveiled a 12-year, $56 billion defense boost that ranks as the country’s most ambitious long-term commitment to its security in its history. The news comes as the NATO alliance faces unprecedented tests from both Russia’s war in Ukraine and a U.S. election that could bring new strains to the 75-year-old group.

“We need a defense that is fit for purpose in the emerging security environment,” Prime Minister Jonas Gahr Store said in a speech Friday. “As our security environment is deteriorating, we need to spend more on and pay more attention to defense and preparedness.”

The two-party government that runs the country is looking to spend a total of $152 billion between now and 2036 on defense.

The move comes as European countries continue their yearslong hikes in defense budgets, which started slowly after Russia’s 2014 invasion of Ukraine and seizure of Crimea, and sped up after Moscow launched its February 2022 full-scale invasion of the country.

Read full article here

Citi Appoints Christian Aho as Country Head for Norway

April 4, 2024 – Citi has appointed Christian Aho as Country Head and Head of Banking for Norway. His appointment will be effective from May 1, and he will be based in Oslo to lead Citi’s Norwegian franchise.

Christian joins Citi from HSBC, where he has held several senior positions. He was most recently working in a Chief of Staff function. Prior to that, Christian was Director Nordic Banking in the Nordic team, setting up the office for HSBC in Stockholm.

Christian will report to Erik Savola, Citi’s Nordic Head. He succeeds Pål Rokke who recently left Citi to pursue other opportunities.

Prior to HSBC, Christian held various banking roles, working for NatWest, Bank of Tokyo Mitsubishi, and Barclays.

“I am confident that Christian will make a significant contribution to the continued growth of the Norwegian franchise and bring the full value of Citi’s global network to the bank’s clients. His extensive banking experience, wide network in the financial industry and leadership skills, make him an ideal fit for Citi in Norway, says Erik Savola, Nordic Head.

Read full article here.

Stor omstrukturering i MSD Norge – blir snart 100 ansatte

Legemiddelselskapet MSD Norge omstrukturerer hele organisasjonen, og har fått færre avdelinger og flere ansatte totalt. Samtidig mister tre ansatte jobben, bekrefter External Affairs Director Hans Petter Strifeldt.

Strifeldt bekrefter overfor HealthTalk at selskapet i løpet av neste uke vil lyse ut syv stillinger på norsk og nordisk nivå. Når stillingene er besatt, vil selskapet ha rundt 100 ansatte i Norge.

Strifeldt, som er kjent som direktør for myndighetskontakt og kommunikasjon i selskapet, har også fått utvidet ansvar gjennom endringsprosessen, og er nå såkalt External Affairs Director, som blant annet inkluderer samfunnskontakt og markedstilgang-funksjoner.

– Vi gjør nå justeringer i organisasjonen, gjeldende fra 1. april. Vi har rokert på flere av våre ansatte basert på ønske og behov, og vi har redusert fra fire til tre avdelinger, sier Strifeldt til HealthTalk.

Fortsetter ekspansjon
Ifølge han gjøres justeringene nå for å forberede organisasjonen på det som kommer i MSDs pipeline de kommende årene.

– Vi har utvidet avdelingen for kliniske studier med seks ansatte siden i fjor sommer. Vi skal nå rekruttere til tre nyopprettede nordiske stillinger, og i tillegg er vi på jakt etter kandidater til fire ledige stillinger i MSD i Norge.

Strifeldt påpeker at endringene totalt sett er en styrking av organisasjonen, men at det også er en endringsprosess.

Read full article here.

SLB Buys Majority Share in Aker Carbon Capture

SLB agreed to acquire an 80 percent ownership in Aker Carbon Capture for an initial payment of $381.8 million.

Global energy technology company SLB has agreed to acquire an 80 percent ownership in Aker Carbon Capture (ACC).

SLB said in a media release this move will support accelerated industrial decarbonization at scale.

SLB stated that ACC will own a 20 percent stake in the resulting entity, which integrates complementary technology portfolios, top process design knowledge, and a well-established project delivery system. This partnership will capitalize on ACC’s existing commercial carbon capture solutions and SLB’s advancements in technology and industrialization capacity, SLB said. Together, they aim to fast-track the integration of cutting-edge early-stage technology into the global market using a proven commercial platform.

SLB noted that according to the International Energy Agency (IEA), carbon capture, utilization, and sequestration (CCUS) will play a critical role in the net-zero transition. The agency estimates that over one gigaton of carbon dioxide (CO2) per year will need to be captured by 2030, scaling up to over six gigatons by 2050.

“For CCUS to have the expected impact on supporting global net-zero ambitions, it will need to scale up 100-200 times in less than three decades”, said Olivier Le Peuch, chief executive officer at SLB. “Crucial to this scale-up is the ability to lower capture costs, which often represent as much as 50-70 percent of the total spend of a CCUS project. We are excited to create this business with ACC to accelerate the deployment of carbon capture technologies that will shift the economics of carbon capture across high-emitting industrial sectors”.


Read full article here.