The general meeting orders the company's administration to gradually divest from all international operations, first within
renewable energy, then within petroleum production.”
The shareholder’s supporting statement
Arguments for sale of international business
In any commercial company, it is normal that the company owners are closely involved in developing the company's
strategy and business areas, and that they are well acquainted with the risks associated with the business.
Equinor (Statoil) was established to build, control and contribute to ensuring that petroleum activities on the Norwegian
continental shelf were carried out for the benefit of Norwegian interests.
Since the beginning of the 1990s, activities have gradually increased outside Norway's borders, first with participation in
international petroleum activities, and in recent years also with participation in the development and production of socalled renewable energy.
International operations have not been without significant losses and are associated with considerable risk. Activities in
renewable energy have never shown an annual profit since these activities started.
Approximately 70 % of Equinor is owned by the Norwegian state. The ownership is managed by the Ministry of Trade,
Industry and Fisheries on behalf of the Norwegian Parliament. Few in these bodies have in-depth knowledge of the
business Equinor operates, especially for operations outside Norway, and assessments of risk are mainly carried out by
persons with little or no ownership interest in the company.
Equinor should therefore gradually divest from all international operations, first within renewable energy, then within
petroleum production.