How an oil producer wants to make climate change its business
One of the world's largest oil companies, Norway-based Statoil, is teaching thousands of its employees how to talk about climate change and investing billion of dollars into renewable energy. It also doesn't want to be called an oil company at all.
Why it matters: Statoil offers a glimpse into what an oil producer in a lower-carbon future could look like. Most of the world's biggest oil and natural gas companies are inching toward greener businesses, driven by a handful of global market and policy trends. Partially owned by the wealthy Norwegian government, Statoil is one of the most aggressive with its investments and company culture on the matter.