Greenpeace rattles Statoil at its AGM

Press release - May 20, 2009
19 May 2009 (Stavanger, Norway)—Greenpeace rattled the management of Scandinavian energy giant StatoilHydro today by gathering in strong shareholder support for its motion calling on the company to withdraw its investments in dirty tar sands oil.

Greenpeace bought four shares in the company so it could present the motion at the company's AGM here. After weeks of campaigning in Scandinavia, Greenpeace Canada and Nordic gathered surprising support for the motion across Norway, Sweden and Denmark

Although the motion was not carried, the Greenpeace initiative received 3.6 million votes. The campaign made the tar sands the key issue at the AGM, taking up more than half the speech by company CEO Helge Lund and dominating the last hour of the meeting.

As the votes on the motion were being counted, Lund told Greenpeace communications officer Jessica Wilson: "You certainly know how to liven up a party."

In addition to the votes for the Greenpeace motion, shareholders representing another 44 million shares actively abstained from the vote. This is unprecedented in Statoil's history. It sends a clear message to company management and to the government, Statoil's largest shareholder, that it must address the environmental destruction caused by tar sands development.

Greenpeace Canada sent a team of four to Scandinavia to support the motion: Dr. John O'Conner, journalist and author Andrew Nikiforuk, Melina Laboucan-Massimo, of the Lubicon Cree in Alberta and a Greenpeace campaigner, and Jessica Wilson. They raised concerns about the environmental, social and financial risks of tar sands investments that reverberated through the Nordic business community.

"The campaign push went above and beyond its objectives of raising the issue of Statoil's involvement in the tar sands in the Nordic region," said Martin Norman, Greenpeace Nordic climate and energy campaigner. "In addition, we've added the tar sands issue to the agenda of a number of key institutional shareholders and the Norwegian Government. We highlighted the hypocrisy of Statoil and the government on climate issues. They can't claim to have a serious interest in renewable energy if they are investing in the dirty oil of the tar sands."

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Note to editors: High-res photo and video available at: http://info.greenpeace.se/album/GPN_Media_Release/

For more information, please contact:

Jessica Wilson, media & public relations officer (in Stavanger), +45 9891 4118

Mike Hudema, tar sands campaigner, (in Alberta) 780-504-5601

Martin Norman, Greenpeace Nordic climate and energy campaigner, +47 9580 4950