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Climate change for Statoil, pride of Norway

State-controlled oil company under increasing pressure from the Norwegian public and parliament

SPECIAL STATUS: Since it was founded in 1972, Statoil, which is two-thirds owned by the Norwegian government, has pumped hundreds of billions of dollars into the country's federal coffers, including the wealth fund.


THIS has not been a particularly good year for Statoil, the huge state-controlled oil firm that has had a commanding presence in Norway's economy and society for more than four decades.

In the spring, Statoil cut 1,000 jobs, or 4 per cent of its workforce. In September, it