Statoil committed to end routine flaring by 2030

Statoil and several other oil companies and nations joined together to commit, for the first time, to end the practice of routine gas flaring at oil production sites by 2030. CEO Eldar Sætre represented Statoil at the signing at the World Bank in Washington together with Norwegian foreign minister Børge Brende.'Meeting the target of zero routine flaring by 2030 is a highly important contribution our industry can make towards mitigating climate change,' Sætre said in his speech in Washington.