Downstream pollution of upstream numbers
Because of downstream numbers in Statoil’s upstream country-by-country report the report is not transparent.
Reporting only the purchase of goods and services, and not all costs, creates the illusion that profits from the extraction activities (upstream) are higher than they actually were.
Statoil’s report is so misleading that Statoil should republish with correct numbers for upstream activities.
Written by: Frian Aarsnes/PWYP Norge
Publication date: March 2015