- Statoil would've gone bankruptProfessor thinks that Statoil would've gone bankrupt if they had to og through what BP has experienced after the "Deepwater Horizon" accident.
BP chairman Carl-Henrik Svanberg said yesterday that he thinks what has happened to BP could've happened to other companies as well. Øystein Noreng, professor of petroleum economy at BI Norwegian School of Management. He thinks the Norwegian government, which is the majority owner in Statoil, should demand higher dividend payments if the company does well to curb growth. - If Statoil does exceptionally well, the government should demand higher dividend than usual. This way, the company will have less money to grow, Noreng tells news agency NTB. Noreng thinks Statoil never would be able to cope with the consequences of a disaster like "Deepwater Horizon", and that the risk that something like "Deepwater Horizon" would happen increase when the size of the company does. - The company would probably have gone bankrupt if they experienced something like what BP has gone through now, says Noreng.
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