- CEOs of Royal Dutch Shell (RDS.A, RDS.B), Total (NYSE:TOT) and Statoil (STO) call on Norway's parliament to help maintain funding for carbon capture and storage technology that is stagnating amid concerns about cost-effectiveness.
- The companies are making the case for a flagship Norwegian project in which they plan to store CO2 emissions under the North Sea after they have been shipped and piped from onshore industrial plants.
- Norway’s support for CCS would help boost the case for the oil companies to back the project; a final investment decision will not be made until 2019.