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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A VAT dispute in Latvia has now left ferry operator DFDS with millions of kroner in extra costs and a future of navigating a bureacratic minefield. However, the Danish carrier predicts challenges throughout the industry: ”It is only when it’s actually happening, that you realize it is a problem,” warns the company’s indirect tax manager.