Lund Says Statoil Is Committed to Renewable Energy

Statoil ASA, Norway’s biggest oil and gas producer, is committed to developing its renewable- energy investments, Chief Executive Officer Helge Lund said.

“We plan to develop and deliver on the positions we have taken,” Lund said today at a press conference in Stavanger. “There’s no reason in my view to question our commitment to our strategy. It remains firm and has broad support in the management team and the board of directors.”