Carbon on the agenda in Oslo

June 22, 2007, 15:00 CEST

Business and industry, climate experts and the authorities gather in Oslo today, 22 June, to discuss and share experiences about carbon capture and storage. Statoil is the seminar's co-organiser.

The International Energy Agency (IEA) and the Carbon Sequestration Leadership Forum (CSLF) interest group is working to explain how pioneer projects in carbon capture and storage can be moved forwards on a broad global scale.

The aim is to provide concrete advice with regard to policy-making and possible measures for the G8 summit in 2008.

Norway is host country for this second G8 summit concerning carbon. Co-organiser Statoil has plenty of experience and heavyweight expertise in its capture and storage.

"Statoil is a pioneer in this field," says Trude Sundset, Statoil's senior vice president for the environment.

"We have lengthy experience of carbon management from the North Sea's Sleipner area, the In Salah field in Algeria and now from the Snøhvit development in far-northern Norway."

She adds that work with the Mongstad energy project (EVM) has also given Statoil experience in how the authorities and the industry can together realise new carbon management projects.

She believes it is important that all players provide suggestions as to what incentives, regulations and legislation must be in place for a broad implementation of carbon capture and storage.

"To meet its energy needs, the world will be dependent on fossil fuels for the foreseeable future," she says.

"This is an important incentive for reducing the emission of greenhouse gases into the atmosphere."

Margareth Øvrum, executive vice president for the Technology & Projects business area, is today participating in a panel debate on global experiences of carbon capture and storage.

In all, 158 delegates from 26 countries are taking part in the G8 summit, which opened on 21 June.