Norway, made rich on its oil, has no current plans to slow down its activity level on the Norwegian continental shelf (NCS) nor the development of new projects, even though the country has signed on to the Paris Agreement and thus an emission reduction of 50 percent by 2030 compared to its 1990 level.
Despite this commitment, the activity has not slowed down in 2021.
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In the drama surrounding the merger between tanker majors Euronav and Frontline, one of the arguments from Euronav’s biggest shareholder, the Saverys family, is that the merger will pull Euronav in the wrong direction on the green agenda. Euronav tells ShippingWatch that the company rejects this criticism.