Norway’s state oil company is hoping to distance itself from its fossil fuel legacy by removing “oil” from its name after half a century as part of a major rebrand. Statoil has already won the approval of its biggest shareholder, the Norwegian government, and expects to finalise “Equinor” as its new name following a shareholder vote at its annual general meeting in May. The name Equinor was created by combining the prefix to words such as equal, equality and equilibrium, with “nor” to reflect the group’s Norwegian origin.
Telegraph 15th March 2018 read more »
Business Green 15th March 2018 read more »
Durham University has become the latest academic institution to commit to ending its investments in fossil fuels, after reviewing the potential impact of divestment on its finances and “charitable and strategic objectives”. The University announced this week that, following recommendations from a Commission it set up last year, Durham would be withdrawing its investment in companies involved in fossil fuel extraction. It added that these investments currently totalled less than £1.5m.
Business Green 16th March 2018 read more »