Norway's Statoil sets up emissions trading unit
Norwegian energy company Statoil has formed a unit for trading carbon dioxide emissions. The Oslo-based firm said: “The Norwegian emissions trading regime will govern Statoil’s involvement in the purchase and sale of carbon quotas.”
The EU emissions trading scheme is due to start on January 1, 2005, by which time member states must have decided on companies’ emission allocations. Companies will be assigned a level of emissions that they must not
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