Summary: This is a short article but to Norway it seems like it is a big deal. They are concerned with the environment so they do not want to hurt it. Norway owns 67% of Statoils shares so therefore when they make a decision they decide everything. Norway decided to withdraw from Canada's oil sand development.
My Thoughts: I think this is very good of Norway. Saving the environment is a very, very important thing to a lot of people right now and any chance we get i think we shouldn't hurt the Earth. Norway obviously felt that they should not ruin the beautiful Canada so they went a denied the oil sand development.
Source: http://www.calgaryherald.com/business/Norway+will+force+Statoil+pull+Alberta+oilsands/3008497/story.html
Monday, May 10, 2010
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