Norwegian oil boss criticizes tax cut

Norway's politicians bestowed an unnecessary help package to the oil industry, says the CEO of one the of domestic sector's largest players, Aker BP's Karl Johnny Hersvik.

Photo: PR / Aker BP

Norwegian Parliament gave an especially generous stimulus package to the country's oil companies in late April, says Aker BP Chief Executive Karl Johnny Hersvik.

"We didn't ask for tax cuts, but the way the system was finally put together resulted in lower income, and that was unnecessary," Hersvik tells media NRK in an interview.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Danish carbon storage can run at max from day one

TotalEnergies can't see the need to pilot carbon storage under the Harald field in the Danish North Sea. Rather, the supermajor wants to begin at full scale if the Bifrost project manifests. Although much now depends on two forthcoming events: presentation of political strategy and allocation of EUDP money.

Europe’s carbon price has almost tripled in 2021

European carbon futures rose above EUR 80 a tonne on Friday for the first time, testing the resolve of politicians who are promising to act aggressively on climate change while grappling with inflation that’s tearing into economies across the globe.

Further reading

Related articles

Latest News

See all jobs