natgillin/translations-raw huggingface dataset:
The government will await further information from the companies about the merger and the price/valuation.
I likhet med andre eiere vil regjeringen nå avvente nærmere informasjon fra selskapene om fusjonen og bytteforholdet.
Mining company excluded from the Government Pension Fund – Global due to contribution to serious environmental damage
Gruveselskap utelukket fra Statens pensjonsfond – Utland
Based on a recommendation from the Council on Ethics for the Government Pension Fund – Global, the Ministry of Finance has excluded the Canadian mining company Barrick Gold Corporation from the Fund.
Finansdepartementet har på bakgrunn av en tilråding fra Etikkrådet for Statens pensjonsfond – Utland utelukket det kanadiske gruveselskapet Barrick Gold Corporation.
Barrick mines for gold in the Porgera mine in Papua New Guinea.
Barrick driver gullutvinning i Porgeragruven på Papua Ny Guinea.
"Pursuant to the Ethical Guidelines, the Government Pension Fund – Global should not invest in companies that cause severe environmental damages.
- Statens pensjonsfond – Utland skal ifølge de etiske retningslinjene for fondet ikke investere i selskaper som påfører miljøet alvorlig skade.
In its assessment, the Council on Ethics concluded that Barrick Gold Corporation is causing severe environmental damages as a direct result of its operations.
Etikkrådet har i sin vurdering konkludert at Barrick Gold Corporation påfører miljøet alvorlige skader som en direkte følge av sin drift.
I have therefore decided to follow the Council on Ethics’ recommendation on exclusion of Barrick Gold Corporation from the investment universe of the Fund," says Minister of Finance Kristin Halvorsen.
Jeg har derfor besluttet å følge Etikkrådets anbefaling om å utelukke Barrick Gold Corporation fra fondets investeringsunivers, sier finansminister Kristin Halvorsen.
Barrick Gold is a Canadian mining company and the largest producer of gold in the world, with 27 mines in operation.
Barrick Gold er et kanadisk gruveselskap, og er verdens største produsent av gull med for tiden 27 gruver i drift.
The Council points out that Barrick Gold’s mining activities in several countries have been accused of causing extensive environmental damage.
Rådet viser til at Barrick Golds gruvedrift i flere land har vært anklaget for å forårsake omfattende miljøødeleggelser.
Due to limited resources, the Council has restricted its investigation to the Porgera mine in Papua New Guinea, which is run by Porgera Joint Venture, in which Barrick Gold has a 95 per cent stake.
Rådet har av ressurshensyn begrenset undersøkelsen til Porgeragruven på Papua Ny Guinea som drives av Porgera Joint Venture og der Barrick Gold har en eierandel på 95 prosent.
In the opinion of the Council, the way this mine is run provides sufficient basis for recommending exclusion.
Etter rådets vurdering viste måten denne gruven drives på å gi tilstrekkelig grunnlag for tilråding om utelukkelse.
The Council provides an extensive review of the environmental problems linked to depositing waste in the river.
Rådet gir en omfattende gjennomgang av de miljømessige problemene knyttet til elvedeponering som benyttes for avfallshåndteringen.
The Council attaches particular importance to the risk of accumulation and build up of heavy metals, especially mercury, in the environment.
Rådet vektlegger særlig risikoen for akkumulering og oppkonsentrering av tungmetaller, særlig kvikksølv, i miljøet.
Pollution from the Porgera mine will potentially have serious negative consequences for human life and health.
Forurensingen fra Porgera-gruven vil kunne ha betydelige negative konsekvenser for menneskers liv og helse.
According to the Council’s assessment, the company’s riverine disposal practice is in breach of international norms.
Etter rådets vurdering er selskapets praksis med elvedeponering et brudd på internasjonalt aksepterte normer.
In the Council’s view, the company’s assertions that its operations do not cause long-term and irreversible environmental damage carry little credibility.
Rådet anser selskapets påstander om at dets virksomhet ikke medfører langsiktige og irreversible miljøskader som lite troverdige.
This is reinforced by the lack of openness and transparency in the company’s environmental reporting.
Dette forsterkes av mangelen på åpenhet og gjennomsiktighet i selskapets miljørapportering.
Considering the intentions presented by the company with regard to production expansion, the Council finds reason to believe that the company’s unacceptable practice will continue in the future.”
Med de intensjoner som selskapet har lagt frem med hensyn til utvidelse av produksjonen, finner rådet grunn til å anta at selskapets uakseptable praksis vil fortsette i fremtiden.”
The Ministry of Finance has considered the matter in light of the Council on Ethics’ recommendation and has decided to exclude Barrick Gold Corporation from the investment universe of the Government Pension Fund – Global, in accordance with the Ethical Guidelines for the fund.
Finansdepartementet har vurdert saken med utgangspunkt i Etikkrådets tilråding, og besluttet å utelukke Barrick Gold Corporation fra investeringsuniverset i Statens pensjonsfond – Utland i henhold til de etiske retningslinjene for fondet.
In a letter dated 30 September 2008, the Ministry of Finance asked Norges Bank to sell its shares in the company.
Finansdepartementet ba Norges Bank i brev av 30. september 2008 om å selge seg ned i selskapet.
The shares have now all been sold.
Nedsalget av verdipapirer er nå gjennomført.
At the end of July 2008, the Government Pension Fund – Global owned shares worth just under NOK 1 248 million in the company.
Pensjonsfondet – Utland hadde ved utløpet av juli 2008 aksjer til en verdi av knapt 1248 millioner kroner i selskapet.
The recommendations from the Council on Ethics for the Government Pension Fund – Global are published on the Ministry of Finance’s website.
Tilrådningen fra Etikkrådet er tilgjengelig her.
Read more about the Council on Ethics for the Government Pension Fund – Global at www.etikkradet.no.
Les mer om Etikkrådet for Statens pensjonsfond – Utland på www.etikkradet.no
Recommendation on the exclusion of the company Barrick Gold
Tilrådning om uttrekk av selskapet Barrick Gold Corporation
Minister Haga invites to informal meeting on CCS
Haga inviterer til uformelt møte om CO2-håndtering
CCS technology has the potential to reduce emissions from fossil fuel power stations by up to 90 per cent.
Fangst og lagring av CO2 kan redusere utslipp fra fossil kraftproduksjon med inntil 90 prosent.
Furthermore, studies by the International Energy Agency (IEA) suggest that CCS could contribute up to 28 per cent of the global carbon dioxide mitigation by 2050.
IEA anslår at CO2-rensing kan bidra med globale CO2-utslippskutt på så mye som 28 prosent innen 2050.
The meeting takes place on 20 April in the IEF conference venue Cavalieri Hilton in Rome.
Møtet vil finne sted søndag 20. april i Roma.
During her stay in Rome, Minister Haga will also participate in the International Energy Business Forum (IEBF), where she will be chairing the fourth session “Technology and Human Resources” on April 20 at 4.30 p.m.
Under sitt opphold i Roma, skal også olje- og energiministeren delta på International Energy Business Forum (IEBF), der hun blant annet skal lede sesjonen om teknologi og menneskelige ressurser.
Information to the press: The CCS meeting itself will not be open for the press.
For presse: Selve CCS-møtet vil ikke være åpent for pressen.
CCS projects in Norway
CCS projects in Norway
Creative Learning – Art and Culture in Education
Skapende læring - strategiplan for kunst og kultur
2007 - 2010
2007 - 2010
“ There have been several serious incidents this past year.
– Det har vært flere alvorlige hendelser det siste året.
This will be the first white paper on safety on the Norwegian continental shelf since 2011.
Det er første meldingen om sikkerheten på norsk sokkel siden 2011.
Working group
Arbeidsgruppe
The group will be headed by Ole Andreas Engen, a professor in societal safety at the University of Stavanger.
Gruppen skal ledes av Ole Andreas Engen, professor i samfunnssikkerhet ved Universitetet i Stavanger.
Professor Engen has previously led several large-scale research projects on risk regulation in petroleum activities, aviation and maritime industry.
Han har tidligere ledet flere store forskningsprosjekter om risikoregulering av petroleumsvirksomheten, luftfarten og maritim næring.
The Government has stated that it will draw up a new white paper on safety on the Norwegian continental shelf.
Regjeringen varsler ny stortingsmelding om sikkerheten på norsk sokkel.
Defended Norway's deposit gurantee scheme in Brussels
Forsvarte norsk innskuddsgaranti i møte med Europas finansministre
"It would give very wrong signals and be very difficult, if not impossible, for me to weaken this important part of our financial regulation," Minister of Finance Sigbjørn Johnsen argued.
– Det ville gi feil signaler og være vanskelig, hvis ikke umulig, å svekke denne viktige delen av vår finansregulering, sier finansminister Sigbjørn Johnsen.
Minister of Finance Sigbjørn Johnsen's speech at the yearly meeting between the EFTA Ministers of Finance and the EU Economic and Financial Council (ECOFIN), Brussels 17 November 2010.
Finansminister Sigbjørn Johnsens innlegg i møte mellom økonomi- og finansministre i EU (ECOFIN) og finansministrene i EFTA, Brussel 17. november 2010.
CHECK AGAINST DELIVERY
CHECK AGAINST DELIVERY
Let me start by taking the opportunity to underline the need for a sound fiscal balance as a basis for all government action.
Let me start by taking the opportunity to underline the need for a sound fiscal balance as a basis for all government action.
We must build up our reserves in the good times, and remember the needs of future generations.
We must build up our reserves in the good times, and remember the needs of future generations.
Let me also underline the importance of sound financial regulation, which can be maintained in both good and bad times.
Let me also underline the importance of sound financial regulation, which can be maintained in both good and bad times.
I will in this context point out the need to find pragmatic solutions for EEA EFTA State participation as observers in the new European Supervisory Structure, both in the three new Authorities for banking, insurance and securities markets, and in the new Systemic Risk Board.
I will in this context point out the need to find pragmatic solutions for EEA EFTA State participation as observers in the new European Supervisory Structure, both in the three new Authorities for banking, insurance and securities markets, and in the new Systemic Risk Board.
I will use this opportunity to bring up an issue which is very important for Norway, and that I have already discussed with some of you.
I will use this opportunity to bring up an issue which is very important for Norway, and that I have already discussed with some of you.
Bank saving is widespread in Norway, and the public trust in the banks is high.
Bank saving is widespread in Norway, and the public trust in the banks is high.
Norway has a deposit guarantee scheme that has served us well, both through the national banking crisis 20 years ago, and in the recent international financial crisis.
Norway has a deposit guarantee scheme that has served us well, both through the national banking crisis 20 years ago, and in the recent international financial crisis.
According to a recent OECD study, Norway was the only country in the EU/EEA area which did not have to issue State guarantees for banks, or expand the deposit guarantee, during the recent financial crisis.
According to a recent OECD study, Norway was the only country in the EU/EEA area which did not have to issue State guarantees for banks, or expand the deposit guarantee, during the recent financial crisis.
The (level of the) Norwegian bank deposit guarantee is 250.000 Euro per depositor per bank.
The (level of the) Norwegian bank deposit guarantee is 250.000 Euro per depositor per bank.
The deposite guarantee scheme is an integrated part of the total Norwegian financial regulation, and it is well known among Norwegian depositors and in the general public.
The deposite guarantee scheme is an integrated part of the total Norwegian financial regulation, and it is well known among Norwegian depositors and in the general public.
It would give very wrong signals and be very difficult, if not impossible, for me to weaken this important part of our financial regulation.
It would give very wrong signals and be very difficult, if not impossible, for me to weaken this important part of our financial regulation.
The EU has recently adopted one set of amendments to the deposit guarantee directive, including a harmonisation of the deposit guarantee coverage level.
The EU has recently adopted one set of amendments to the deposit guarantee directive, including a harmonisation of the deposit guarantee coverage level.
Currently, the Council and the Parliament are discussing a new set of amendments to deposit guarantees proposed by the Commission.
Currently, the Council and the Parliament are discussing a new set of amendments to deposit guarantees proposed by the Commission.
If we take these directives into the EEA Agreement, they will also be binding for the EEA EFTA States.
If we take these directives into the EEA Agreement, they will also be binding for the EEA EFTA States.
It is, however, possible to make certain amendments when EU Directives are transformed into EEA Acts.
It is, however, possible to make certain amendments when EU Directives are transformed into EEA Acts.
If Norway should adjust to a 100.000 Euro deposit guarantee level, we would have to reduce the guarantee level with 60 pct (from 250.000 Euro to 100.000 Euro).
If Norway should adjust to a 100.000 Euro deposit guarantee level, we would have to reduce the guarantee level with 60 pct (from 250.000 Euro to 100.000 Euro).
What we need , is an amendment which allows Norway to maintain the present deposit guarantee coverage level of 250.000 Euro.
What we need , is an amendment which allows Norway to maintain the present deposit guarantee coverage level of 250.000 Euro.
Let me, in this context, underline that with the 100.000 Euro coverage, 72 pct of the total amount of deposits in the EU are covered.
Let me, in this context, underline that with the 100.000 Euro coverage, 72 pct of the total amount of deposits in the EU are covered.
In Norway, with the same coverage limit, only 47 pct of deposits would be covered.
In Norway, with the same coverage limit, only 47 pct of deposits would be covered.
Even with the present 250.000 Euro level, only 58 pct of the total amount of deposits in Norway are covered.
Even with the present 250.000 Euro level, only 58 pct of the total amount of deposits in Norway are covered.
The Norwegian deposit guarantee scheme has not distorted competition between banks in other countries and Norwegian banks.
The Norwegian deposit guarantee scheme has not distorted competition between banks in other countries and Norwegian banks.
To secure that non-distorted competition will be the case also in the future, we will maintain topping up opportunities, which allow branches of foreign banks in Norway to provide the same high guarantee to their depositors as Norwegian banks, and an export ban, which precludes Norwegian banks from providing the high guarantee to depositors in other countries.
To secure that non-distorted competition will be the case also in the future, we will maintain topping up opportunities, which allow branches of foreign banks in Norway to provide the same high guarantee to their depositors as Norwegian banks, and an export ban, which precludes Norwegian banks from providing the high guarantee to depositors in other countries.
Related
Vil beholde norsk innskuddsgarantiordning
The Deposit Guarantee Scheme Directive
The Deposit Guarantee Scheme Directive
Minister Lien underlined the importance of the Paris Agreement.
Lien la vekt på viktigheita til klimaavtalen frå Paris.
(Minister of Petroleum and Energy Tord Lien and minister of climate and environment Vidar Helgesen.
(Olje- og energiministeren Tord Lien saman med klima- og miljøvernministeren Vidar Helgesen.
Photo: ebm/OED)
Foto: ebm/OED)
Minister Lien addressed the Arctic Frontiers conference in Tromsø
Lien talte på Arctic Frontiers i Tromsø
On Tuesday, Norwegian Minister of Petroleum and Energy, Mr. Tord Lien, addressed the conference Arctic Frontiers in Tromsø.
Olje- og energiminister Tord Lien held innlegg på Arctic Frontiers i Tromsø i dag.
Minister of Culture Tajik congratulates the team of Oscar nominated film Kon Tiki
Kulturminister Tajik gratulerer med Oscar-nominasjon
It is going to be exciting to watch the ceremony on 24 February.
- Det blir spennende å følge utdelingen 24. februar.
Metals and mining company excluded from the investment universe of the Norwegian Government Pension Fund - Global
Metall- og gruveselskap utelukkes fra Statens pensjonsfond – Utland
The Council on Ethics has concluded that Vedanta causes serious damages to people and the environment as a direct consequence of their activities in India.
Etikkrådet har konkludert med at Vedanta påfører miljø og mennesker alvorlige skader som en direkte følge av sin drift.
We cannot hold shares in such a company, says Minister of Finance Kristin Halvorsen.
Et slikt selskap kan ikke fondet ha eierandeler i, sier finansminister Kristin Halvorsen.
Vedanta is a British metals- and mining company.
Vedanta er et britisk metall- og gruveselskap.
Its core business is linked to mining and production of copper, aluminium, and zinc in India.
Hovedvirksomheten er knyttet til utvinning og produksjon av kobber, aluminium og sink i India.
The Council on Ethics has examined four Vedanta subsidiaries that operate in India: Sterlite Industries, Madras Aluminium Company, Bharat Aluminium Company, and Vedanta Alumina.
Etikkrådet har vurdert fire av Vedantas datterselskaper: Sterlite Industries, Madras Aluminum Company, Bharat Aluminium Company og Vedanta Alumina, alle med virksomhet i India.
Vedanta holds a majority share in all these companies.
Vedanta Resources har aksjemajoriteten i alle disse selskapene.
In the Council’s view the company seems to be lacking the interest and will to do anything about the severe and lasting damage that its activities inflict on people and the environment.
Etter rådets oppfatning synes selskapet å mangle interesse for og vilje til å gjøre noe med de alvorlige og langvarige skadevirkningene som selskapets virksomhet påfører mennesker og miljø.
As described in Chapter 5, the violations against the environment and human rights that have been revealed are recurrent at all the subsidiaries subject to investigation and have taken place over many years.
De normbruddene som er avdekket i forhold til miljø og menneskerettigheter, har foregått ved alle de undersøkte datterselskapene, gjentatte ganger og over flere år, slik det fremgår av kapittel 5.
In the Council’s view, they indicate a pattern in the company’s practices where such violations are accepted and make up an established part of its business activities.
Etter rådets oppfatning indikerer dette et mønster i selskapets atferd der slike normbrudd er akseptert og er en etablert del av forretningsvirksomheten.
Such a pattern of conduct constitutes an unacceptable risk that the company’s unethical practices will continue in the future.
Dette handlingsmønsteret utgjør en uakseptabel risiko for at selskapets uetiske praksis vil fortsette i fremtiden.
After an overall assessment the Council finds that the criteria for severe environmental damage and gross or systematic human rights violations have been met in this case.
Rådet finner ut fra en helhetsvurdering at vilkårene for alvorlig miljøskade og grove eller systematiske brudd på menneskerettigheter er oppfylt i denne saken.”
The Council’s recommendation is based on surveys and investigations conducted or commissioned by Indian authorities, reports from national and international non-governmental organisations, articles in Indian and international newspapers, and documentaries.
Rådet bygger tilrådingen på undersøkelser og utredninger som er gjennomført eller gjort på oppdrag av indiske myndigheter, rapporter fra nasjonale og internasjonale frivillige organisasjoner, artikler i indiske og internasjonale aviser og dokumentarfilmer.
In addition to this, the Council has commissioned its own reports and studies by external Norwegian, British, and Indian consultants.
I tillegg til dette har rådet bestilt egne utredninger og undersøkelser av eksterne norske, britiske og indiske konsulenter.
Furthermore, the Council has gained access to letters and orders from Indian authorities to the company.
Rådet har dessuten hatt tilgang til brev og pålegg fra indiske myndigheter til selskapet.
Responsibility for exercising ownership rights for the Fund lies with Norges Bank (Norway’s Central Bank).
Det er Norges Bank som har ansvaret for fondets eierskapsutøvelse.
The Ministry of Finance has asked Norges Bank whether active ownership vis-à-vis Vedanta may lead to better behaviour on its part.
Finansdepartementet har bedt Norges Bank vurdere hvorvidt eierskapsutøvelse vil kunne være egnet for å påvirke Vedanta i positiv retning.
In a letter dated 15 June 2007, Norges Bank states that they have not been in direct contact with either Vedanta’s management or board, or had any separate sources of information about the company.
I brev av 15. juni 2007 skriver Norges Bank at de ikke har hatt kontakt med Vedantas ledelse eller styre, eller hatt andre egne informasjonskilder om selskapet.
The bank’s assessment is therefore primarily based on the recommendation from the Council on Ethics, and Council’s own sources.
Deres vurdering er derfor primært basert på Etikkrådets tilråding med tilhørende kildemateriale.
The Ministry has also decided to exclude Vedanta’s two listed subsidiaries; Sterlite Industries Ltd and Madras Aluminium Company Ltd from the investment universe.
Departementet har også besluttet å utelukke de to børsnoterte datterselskapene Sterlite Industries Ltd. og Madras Aluminium Company Ltd. fra fondets investeringsmuligheter.
The Fund held no shares in these two companies at the time when the Ministry of Finance received the recommendation from the Council on Ethics.
Fondet hadde ikke eierandeler i disse selskapene da departementet mottok Etikkrådets tilrådning.
The Ministry of Finance requested Norges Bank by letter of 28 August to divest from Vedanta by the end of October 2007.
Finansdepartementet ba Norges Bank i brev av 28. august 2007 om å selge seg ned i Vedanta Resources Plc. innen utgangen av oktober 2007.
The divestment process is now concluded.
Nedsalget av verdipapirer er nå gjennomført.
As of 30 April 2007, the Government Pension Fund – Global held shares in Vedanta valued at about NOK 70 million.
Pensjonsfondet hadde ved utgangen av april 2007 aksjer for vel 70 mill. kr i selskapet.
The publication of the decision has been deferred to ensure an appropriate divestment process.
Av hensyn til gjennomføringen av nedsalget blir beslutningen offentliggjort i etterkant.
Find the recommendation of the Council on Ethics here
Tilrådningen fra Etikkrådet er tilgjengelig her.
Read more about the Council on Ethics
Les mer om Etikkrådet for Statens pensjonsfond – Utland på www.etikkradet.no.
List of companies excluded from the investment universe
Se også Selskaper som er utelukket fra fondets investeringsunivers.
Recommendation - Vedanta Resources Plc.
Tilrådning vedrørende Vedanta Resources Plc.
- The world needs more energy in order to lift more people out of poverty.
- Verden trenger mer energi for å løfte flere ut av fattigdom.
Mr. Borten Moe is invited by the Chinese and American Ministers who are co- hosts of this conference.
Borten Moe er invitert av kinesiske og amerikanske fagministere som er felles vertskap for konferansen.
This is an international forum and Norway is one of 24 member states.
Dette er en internasjonal fagkonferanse hvor Norge deltar som et av 24 medlemsland.
The main topic is “Collaborating for a Decade of Reserach, Demonstration, and Deployment on CCS”.
Temaet for møtet er ”Collaborating for a Decade of Reserach, Demonstration, and Deployment on CCS”.