Instead it would rather buy cheaper CO2 emission quotas in the market and suggested that the cost savings could be used to help fund environmental research and investments.
This new proposal was put to the Norwegian government and high-ranking ministry officials last week by Per Terje Vold, president of the Norwegian Oil Industry Association (OLF).
Oil companies operating on the Norwegian shelf are paying about Nkr800 million ($120 million) in net CO2 taxes annually.
However,
