Page 1 - EurOil Week 02 2021
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Issue 573 14•January•2021 Week 02
Norway to hike carbon tax
Norway wants to increase the carbon tax burden on oil and gas producers
threefold by 2030, to meet its aggressive climate targets.
Circumventing US sanctions
A German state is setting up a fund to buy equipment and services for Nord
Stream 2, in order to circumvent US sanctions.
Saudi oil market sacrifice
Saudi Arabia has helped buoy oil prices by cutting 1mn bpd of production in
February and March voluntarily, handing market share to Russia.
HSBC faces calls to dump fossil fuels
HSBC is under shareholder pressure to stop financing fossil fuels, facing a
resolution similar to the one voted down at Barclays last year.
