News for hackers. Stuff that matters.

A comment on Norweigan oil fund. Parent comment

Re:Norweigan oil fund by SOLAR_FIELDS on Thursday August 01, 2019 @07:23PM (#20589303)
Time will tell it seems. Norway is very invested in at least appearing to get out of the oil business and into renewables. Couple pretty significant moves include renaming Statoil to Equinor and rebranding all of their gas stations (many in Scandinavia are branded as Circle K now). Norway very much wants to get out of the perception of being rich because of oil.
[ Parent | on HN ]
Re:Norweigan oil fund by tomstoms on Friday August 02, 2019 @01:46AM (#20590874)
Statoil did not rebrand their gas stations although it could appear to be the case. First they separated the operation into a new subsidiary called Statoil fuel & retail, which they then sold to Couche-tard, a Canadian convenience store multinational. The deal preserved the right to use the statoil brand for some time. Then couche-tard rebranded them to Cirkle K as part of a global strategy.
[ Parent | on HN ]
Re:Norweigan oil fund by londons_explore on Friday August 02, 2019 @04:52AM (#20591511)
'appearing' being the word.

They won't stop extracting oil until there is no oil left.

[ Parent | on HN ]