The oil industry will have joint financing for climate-cut – NRK

There are more parties in liaison KonKraft that during a seminar in Arendal Wednesday will present climate and environment minister Vidar Helgesen (H) a plan for new emission cuts under the direction of the industry.

Plan about sharing the cost of emission cuts in the oil industry were presented for climate and Environment Minister Vidar Helgesen (H) Wednesday.

Photo: Trond Stenersen / NRK

the aim of the new roadmap is to achieve an annual reduction of 2.5 million tonnes of CO₂ in greenhouse gas emissions from the oil industry in 2030, and developing technology for further cuts by 2050.

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the assumption is that oil production will continue as today. The proposal does in other words not net cuts but reductions compared to emission levels in current production.

– The oil industry and Norway as a nation, it is important that we conduct our business in a manner that gives legitimacy. If we manage to reduce emissions so that they are still significantly lower than in other countries, it will be a competitive advantage, says CEO Karl Eirik Schjøtt-Pedersen Industry Association Norwegian Oil Industry Association, NTB

Historic lift

the cuts come on top of measures that the oil industry already, have undertaken, and which should lead to CO₂ reductions of 1.4 million tonnes by 2020.

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– This is historic and a great boost. We are the first oil industry in the world who undertake emission cuts far beyond what the government has imposed on us, he said.

11 billion

But it costs. Total proposed 11 billion spread over the next ten years, according to the director of climate and environment in the Norwegian Oil Industry Association, Hilde Gunn T. Blindheim.

The assumption for the planned climate cuts are that oil production will continue as today. The picture shows the Edvard Grieg platform on Utsira Hill in the North Sea.

Photo: Larsen, Hakon Mosvold / NTB scanpix

She explains that ensamlet oil and gas industry is prepared to put 100 million on the table next year to develop new technology, provided that the state contribute as much . Intensified efforts up with another 100 million from both parties over the next nine years, according to the proposal.

Provides income

In addition to the Norwegian oil and gas are of Norwegian Industries, NSA , LO, Industry Energy & Unions support the proposal. Karl Eirik Schjøtt-Pedersen emphasizes that
emissions cuts they are proposing from a future oil production, is not technically possible to achieve today.

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We need to develop new technology. For many years we have worked closely with the authorities to bring about a technology that is both good for the industry and provides significant export earnings. Therefore, we challenge the authorities to a common project to achieve this, says Schjøtt-Pedersen.