Norway urges Exxon, not StatoilHydro, to cut CO2

Reuters UK
April 23, 2008

Norway’s $400 billion oil fund has won praise abroad as setting a “gold standard” for sovereign wealth investors – but can sometimes preach tougher corporate ethics abroad than the government practices at home.

A Reuters survey has shown the fund voted last year for tougher environmental standards at U.S. oil giant Exxon Mobil than the Scandinavian nation imposes on its own oil major, StatoilHydro. more