European investors question Statoil’s stake in Alberta’s tar sands

Major European investment funds and banks spoke out last week against Statoil’s contentious presence in the Alberta tar sands by supporting a motion at the company’s AGM in Norway and citing economic and sustainability concerns.

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Statoil sells interests in Alberta’s tar sands

Edmonton – After two years of cross-Atlantic campaigning by Greenpeace against Statoil’s tar sands investments, Statoil today announced it is selling 40 per cent of its interests in the Alberta tar sands project in Canada.