NEW YORK ― Winds off the coasts of the United States are so dependably strong, turbines built offshore could produce four times the amount of electricity that’s currently generated from all sources in the country. At least, that’s what Norway’s biggest oil company is betting. Statoil, the fossil fuel cash cow that made Norway the […]
Tag: Norway
Foreign Bank Reconsiders Funding For Dakota Access Pipeline
As if the Dakota Access Pipeline project didn’t already have enough problems, Norwegian bank DNB, is rethinking its earlier decision to doll out $342.36 million in loans to construct the pipeline—a figure that represents about 10 percent of the project’s total, according to Norwegian daily Aftenposten. In addition to DNB, pension funds for over 650,000 […]