Last of Danish oil as Scandinavia continues transition

Denmark’s largest conglomerate Maersk is selling the country’s last standing oil company to French firm Total for US$7.45 billion.

The divestment aligns with a complete transition towards renewable energy and an elimination of fossil fuels by 2050 for Denmark and 2040 for Sweden.

Iceland is ahead of the curve with 100% of its energy being generated by geothermal and hydroelectric power.

Read more:  Business Insider / BloombergFT ($)

Image: Maersk Line / CC-BY-SA-2.0

This story is taken from the 8 September 2017 edition of The Warren Centre’s Prototype newsletter. Sign up for the Prototype here.