EnergyWatch

Statoil sells dirty business at a huge loss

The Norwegian oil giant bids farewell to its controversial oil sands projects in Canada and takes significant write-downs.

Photo: Greepeance

Statoil's decade-long oil venture in the Canadian oil sands is over.

The company has revealed in a press release that it has sold out of its assets in the expensive and environmentally destructive oil production.

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