C2ES Welcomes Statoil to Business Environmental Leadership Council
WASHINGTON — Statoil is joining the Business Environmental Leadership Council at the Center for Climate and Energy Solutions (C2ES), adding its name to those of more than 30 companies committed to working toward practical solutions to the world’s climate and energy challenges.
“The transformation of the energy markets brings attractive business opportunities for Statoil. We are shifting from a focus on just oil and gas to a much broader focus on energy, and we believe a low carbon footprint will make us more competitive. We call this developing a low carbon advantage,” says Bjørn Otto Sverdrup, Statoil’s Senior Vice President for Corporate Sustainability. “We aim to be part of the response to the challenges facing the world, and much of this work has to happen in partnership with others. We are looking forward to continuing shaping the future of energy with the Business Environmental Leadership Council.”
“Statoil’s commitment to developing its business in support of the Paris Agreement is tremendous,” said C2ES President Bob Perciasepe. “This is a company that is clearly working to develop renewable energy and invest in new technology. They are committed and view renewable sources and low-carbon strategies as an opportunity, including carbon capture development, investments in solar, and more than $2 billion dedicated to offshore wind.”
The C2ES Business Environmental Leadership Council, which first formed in 1998, is the largest U.S.-based association of companies solely devoted to climate-related policy and corporate strategies. It contains a diverse group of industries with combined revenues of over $2 trillion and over 3 million employees.
“It is more important than ever to bring business leaders together with policymakers to explore pragmatic steps toward a clean energy future,” Perciasepe said. “Statoil and other council members demonstrate every day that climate action can go hand in hand with competitive excellence and success.”
Statoil has presented a Climate Roadmap with clear ambitions, targets, and initiatives to develop a low carbon advantage. Statoil aims to reduce annual carbon dioxide emissions by 3 million tons by 2030 compared to 2017, and further improve the carbon intensity of its portfolio by 20 percent. Statoil also aims to grow significantly in renewables and other low carbon solutions. Investments in new energy are expected to reach 15-20 percent of annual investments by 2030, and Statoil will devote up to 25 percent of research funds to new energy solutions and energy efficiency by 2020.
About C2ES: The Center for Climate and Energy Solutions (C2ES) is an independent, nonpartisan, nonprofit organization working to forge practical solutions to climate change. Our mission is to advance strong policy and action to reduce greenhouse gas emissions, promote clean energy, and strengthen resilience to climate impacts. Learn more at www.c2es.org.
About Statoil: Statoil is a Norwegian-based energy company with operations in more than 30 countries. We provide energy to a growing population in a responsible manner, working towards a future where energy is affordable and sustainable for all.
Since 1972 Statoil has explored, developed and produced oil and gas on the Norwegian Continental Shelf. From the early 1990s, Statoil has built a global business with operations in North America, Europe, Africa, and Brazil. Statoil is developing a global portfolio of new energy solutions, and is currently delivering wind power to 650,000 British households.