Statoil reaches climate goal two years sooner than expected

Norwegian oil major Statoil currently emits an annual 1.2 million tons of CO2 less than it did in 2008. As such, the company has reached its reduction target far earlier than expected.

Photo: Magnus Holm, Polfoto

In 2015, Statoil promised that the company would reduce carbon emissions by an annual 1.2 million tons by 2020 at the latest, in relation to 2008 levels.

The oil major has now met this target, two years ahead of schedule, announces Statoil in a statement. The reduction corresponds to annual emissions from around 600,000 personal vehicles.

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