All posts by Margrethe Harboe

Republicans worry Trump’s tariffs could harm economy

Republican lawmakers are growing alarmed over signs that President Trump’s expanding trade war is hurting the economy, something they’re hearing from constituents at home who are struggling to adapt to Trump’s zigzagging tariff pronouncements.

GOP lawmakers say they’re hearing from business owners, exporters, farmers and local leaders that Trump’s threat of steep tariffs against Canada, Mexico and Europe are chilling business sentiment in the United States.

Read full article here.

Baker Hughes, Frontier partner to develop CCS, data center projects in U.S.

Baker Hughes and Frontier Infrastructure have announced a strategic partnership to accelerate the deployment of large-scale carbon capture and storage (CCS) and power solutions in the U.S. As part of the agreement, Baker Hughes will provide innovative technologies and resources in support of the development of large-scale CCS, power generation, and data center projects.

Frontier is leading the development of the Sweetwater Carbon Storage Hub (SCS Hub), one of the largest open-source carbon sequestration assets in the country. Spanning nearly 100,000 acres in Wyoming, the hub is designed to support industrial emitters across the region and ethanol facilities across the Midwest utilizing its CO2-by-rail strategy, establishing Frontier as a new standard for scalable carbon storage infrastructure. Frontier currently holds three Class VI permits and has commenced drilling activities on its first wells with first injection commencing year-end 2025.

Read full article here.

Trumponomics og norsk eiendom

Kan president Donald Trump sin dramatiske omlegging av USAs handels- og sikkerhetspolitikk påvirke norsk næringseiendom? Mallings seniorøkonom Jon Mjølhus og analysesjef Haakon Ødegaard har forsøkt å se nærmere på mulige konsekvenser, selv om det meste er usikkert og kaotisk i skrivende stund.

Med utgangspunkt i hva Trump-administrasjonen allerede har sagt og gjort så langt, kan vi lage oss noen hovedlinjer for utviklingen fremover. Siden signalene fra administrasjonen har skiftet hyppig siste tiden, må vi selvsagt ta forbehold om endringer som har kommer etter at denne teksten ble skrevet.

Les artikkel her.

Are We Ready for a New Age of Great Power Rivalry?

The global landscape is undergoing profound shifts. The era of a U.S.-led, rules-based order is fading. In its place, we see a world driven by raw power, strategic rivalry, and shifting alliances—where military strength, economic leverage, and geopolitical maneuvering define who gets a seat at the table.

During this episode of The Call, our episode’s guest, SAIS’s Hal Brands, sees the Trump administration as likely to attempt a grand reset with Moscow, hoping to break Russia from its growing alignment with China. But will this gamble pay off, or will it only push Moscow and Beijing closer together? And what does this new world—in which success is determined by power—mean for businesses, global trade, and economic security?

View ‘The Call’ (on demand) here.

AmCham Sustainability Forum: Digital Efficiency & Human Rights Policies

AmCham Sustainability Forum – Digital Efficiency & Human Rights Policies

Cross-industry member companies convened at Cisco’s Norway HQ for the latest Sustainability Forum, with presentations and discussions addressing digitization as a means towards sustainable solutions and pitfalls of human rights policy implementations, or lack thereof.

Speaker Images_Cisco

Elisabeth Brandasu
Sustainability Lead EMEA-North

Speaker Images_Kroll

Oliver Stern
Managing Director – Investigations, Diligence and Compliance practice / Head Business Intelligence team (London)

Enabling a Competitive and Resilient Energy Transition

Steinar Iversen, VP of Engineering & Head of Collaboration Devices Engineering at Cisco welcomed participants, introducing the venue that includes their Oslo Experience Center, housing Europe’s largest Cisco R&D hub, with 500 employees comprised of engineers, the supply chain team, customer center, and other functions. A key attribute of the digital tools and services delivered is their intrinsic facilitation of remote work that ultimately lessens the environmental impact of transportation.

Elisabeth Brandasu, Sustainability Lead EMEA-North at Cisco, presented a report co-written with Global Counsel that can serve as a framework to address the opportunities that digital technologies can play in supporting EU and global energy efficiency goals, while operating amidst monumental geopolitical uncertainty and large policy shifts.

At the core of Cisco’s strategy of moving toward a more regenerative future is an inclusive approach to digitizing the world, as outlined in Cisco’s Purpose Report. Brandasu explained how the company is maintaining laser-focus on their technology becoming the catalyst for other organizations to become more sustainable using circular design principles. Technology underpins progress, and “AI is the promise of this era,” but, as noted by Brandasu, represents an associated increased energy usage.

“AI is the promise of this era.”

Brandasu presented four main critical enablers; ‘Electrification,’ ‘Sustainable AI and Data Centers,’ ‘Energy Efficient Hardware and Digital Infrastructure’ and ‘Digital & Sustainability Skills’ – stressing the increasingly important role of academic institutions on qualifying the future generation to be equipped to confront sustainability challenges.

Celebrating its 40-year anniversary last year, Cisco is a global leader within IT and network operations, developing, manufacturing, and selling networking hardware, software, telecommunications equipment and other technology services and products. 

Creating a Procurement Strategy That Works

Kroll is a leading provider of financial and risk advisory solutions and performs proactive, deep dive human rights diligence work in challenging markets as well as litigation support cases for clients facing allegations of wrongdoing.

What is the importance of human rights related risk identification and mitigation as part of commercial decision making? To answer this, Oliver Stern, Managing Director in the Investigations, Diligence and Compliance practice and Head of the Business Intelligence Kroll team based in London, drew from his extensive experience leading a wide range of investigations for corporations and financial institutions to prevent adverse human rights impacts for companies and investors.

Kroll views their work through the prism of the UN Guiding Principles on Business and Human Rights, assessing the real impact of communities on a granular level. The EU CSRD and CS3D requires consideration not only of product manufacture in the supply chain, but also the impact of economic activities on the communities in which one operates.

Though human rights policies are in place for companies to adhere to and operate by, “the policy itself is not the determining factor,” Stern concluded, as some businesses will rather be driven by cost and availability of capital for decision-making, only implementing the human rights policies if they increase access to capital.

“The policy itself is not the determining factor."

Companies may find themselves in a precarious situation, risking fines, if they rely on agencies to find labor, combined with making claims related to their human rights policies. The policies can be communicated, but also need to be integrated, tracked, and assessed to avoid being faulted by auditing bodies. Opting for an opaque supply chain is associated with high risk.

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 Margrethe.Harboe@amcham.no for interest in future meetings.

Government: Joint Statement of the leaders of Ukraine and Nordic-Baltic Eight

On 24 February 2025 in Kyiv, the Presidents of Finland, Latvia, Lithuania and
Ukraine and the Prime Ministers of Denmark, Estonia, Iceland, Norway and
Sweden issued the following statement:

We unequivocally condemn Russia’s ongoing illegal, unprovoked and unjustified
full-scale military invasion of Ukraine. The outcome of the war will have
fundamental and long-lasting effects on European and transatlantic security.

Read full statement here.

Sonoma Company First To Use Hydro’s Recycled Aluminum

Norsk Hydro has secured its first Hydro CIRCAL customer in North America: the lighting design and manufacturing company Vode Lighting in Sonoma, California.

Vode Lighting will use Hydro’s recycled aluminum Hydro CIRCAL, made with a minimum of 75% recycled post-consumer scrap.

“We are impressed by Vode Lighting’s continuous commitment to reducing the embedded emissions in its products and are thrilled to see the company will be the first to manufacture its consumer products with Hydro CIRCAL in this market”, says Hydro’s vice president Hilde Haugen Kallevig, who is based in San Francisco.

Read full article here.

Halliburton, Sekal deliver world’s first automated on-bottom drilling system for Equinor in the North Sea

Halliburton and Sekal AS deployed the world’s first automated on-bottom drilling system with the integration of Halliburton’s LOGIX™ automation and remote operations, Sekal’s Drilltronics®, and the rig automation control system.

The team delivered a well for Equinor on the Norwegian Continental Shelf with an integrated closed-loop control solution. This solution orchestrates autonomous directional drilling with automated wellbore hydraulics and dynamic surface drilling rig equipment control.

Read full article here.

Government: Norway to increase support for Ukrainian defence industry and procurement of drones for Ukraine

The Government is planning to provide NOK 3.5 billion for the procurement of military equipment for Ukraine from the Ukrainian defence industry. In addition, Norway is now providing NOK 600 million for the procurement of various types of drones and for the development of drone technology for the Ukrainian armed forces.

Read full article here.