An agreement on developing projects in Mexico to cut greenhouse gas emissions in line with the Kyoto protocol has been signed by Statoil with state oil company PetrĂłleos Mexicanos (Pemex).
Running from 2005-07, this collaboration aims to identify and pursue schemes which can win acceptance under the protocolâs clean development mechanism (CDM).
Possible projects will be managed by Pemex, with Statoil preparing the documentation required to secure approval from the UNâs executive committee for the CDM.
âWeâve concluded the agreement to meet our quota obligations and to help fulfil the Kyoto protocol,â says Per Ăyvind Johansen, acting vice president for the new energy unit.
âWeâre constantly working to develop good environmental solutions which contribute to reducing greenhouse gas emissions.
âAs far as weâre concerned, this deal represents a new and important step in gaining experience with CDM projects.â
Statoil is pursuing a number of measures for meeting climate challenges, including improved energy efficiency and the use of renewable energy.
In addition come active use of the Kyoto mechanisms as well as action on carbon dioxide capture and storage.
The group opened an office in Mexico in 2001, and has since enjoyed a good collaboration with Pemex â including deals on technology sharing and health, safety and the environment.