Gore critical to Statoil and Oil Fund / News / The Foreigner

Gore critical to Statoil and Oil Fund. Canadian oil sand extraction comes under fire. Al Gore has attacked Statoil and the Oil fund for investing billions of kroner in oil sand extraction outside Canada. A menace Called the world’s dirtiest oil, Gore lambasts them for making a huge mistake, as it’s believed the technique releases much higher amounts of CO2than conventional oil and gas. The former Vice-President and Nobel Peace Prize winner has previously said he sees the process as being a threat to humanity.

oil, sand, canada, extraction, statoil, fund, investments, al, gore, helge, lund, jens, stoltenberg, climate, environment, summit, copenhagen



The Foreigner Logo

The Foreigner is an online publication for English speakers living or who have an interest in Norway. Whether it’s a glimpse of news or entertainment you’re after, there’s no need to leave your linguistic armchair. You don’t need to cry over the demise of the English pages of Aftenposten.no, The Foreigner is here!

Norske nyheter på engelsk fra Norge. The Foreigner er en engelskspråklig internett avis for de som bor eller som er interessert i Norge.

Google+ Google+ Twitter Facebook RSS RSS



News Article

LATEST:

Gore critical to Statoil and Oil Fund

Published on Wednesday, 16th December, 2009 at 15:56 under the news category, by Michael Sandelson   .
Last Updated on 18th December 2009 at 09:44.

Canadian oil sand extraction comes under fire.

Al Gore
Al Gore
Photo: Center for American Progress Action Fund


Al Gore has attacked Statoil and the Oil fund for investing billions of kroner in oil sand extraction outside Canada.

A menace

Called the world’s dirtiest oil, Gore lambasts them for making a huge mistake, as it’s believed the technique releases much higher amounts of CO2than conventional oil and gas. The former Vice-President and Nobel Peace Prize winner has previously said he sees the process as being a threat to humanity.

However both Jens Stoltenberg and Statoil’s president Helge Lund claim the environmental impact can be reduced, as carbon capture and storage would make the process more climate-friendly, writes Dagbladet.

Controversial

Gore is not convinced, however.

“I would have been more positive if solving the (environmental) problems by using carbon capture and storage was possible, but I don’t believe it will make any difference when it comes to oil sand anyway. Did you know that using petrol derived from oil sand gives a Toyota Prius the same carbon footprint as a Hummer?,” he asks.

However, Statoil’s head of information – Ola Morten Aanestad – believes Gore is only speaking in general terms as he doesn’t know the details of the company’s project. He does admit, however, that the process is controversial.

“We are of course aware of that oil sand extraction emits a considerably higher amount of CO2than other forms of oil extraction,” says Aanestad.



Published on Wednesday, 16th December, 2009 at 15:56 under the news category, by Michael Sandelson   .
Last updated on 18th December 2009 at 09:44.

This post has the following tags: oil, sand, canada, extraction, statoil, fund, investments, al, gore, helge, lund, jens, stoltenberg, climate, environment, summit, copenhagen.





  
Do NOT follow this link or you will be banned from the site!