Articles by Gwladys Fouche

Meta Platforms Seeks to Stop Privacy Breach Fine in Norway

Meta Platforms is asking a court in Norway to stop a fine the Nordic country’s data regulator imposed on the owner of Facebook and Instagram for breaching users’ privacy, according to a court filing. Meta Platforms will be fined 1 …

Norway’s $1.35 Trillion Wealth Fund: We Won’t Back Boards Who Fail on Climate

Norway’s $1.35 trillion wealth fund will step up its engagement with companies over their management of climate risk by voting against board members it deems are not doing enough on the issue, it said on Thursday. Investing the state’s revenues …

Norway Faces Hard Choices After Wind Turbines Ruled Threat to Reindeer Herder Rights

OSLO – Norway faces hard choices over the future of two major wind farms stripped of their licenses for jeopardizing the way of life of Sami reindeer herders, but it remains unclear whether they should be dismantled, the energy minister …

Brazilians Bring Lawsuit Against Norsk Hydro over Alleged Pollution

Some 40,000 Brazilians are bringing a group-action lawsuit in the Netherlands against Norwegian aluminum producer Norsk Hydro over alleged toxic waste pollution in northern Brazil. The lawsuit has been brought by a group of communities who live in the lower …

Cost of Norsk Hydro Cyber Attack Higher than Expected at Nearly $75 Million

Aluminum producer Norsk Hydro has managed to ramp up operations at its Alunorte refinery in Brazil despite a cyber attack in March, the firm said on Tuesday, boosting its shares. The Norwegian company’s stock rose as much as 6% in …

Insurer Says Iran’s Guards Likely Facilitated Saudi Tanker Attacks: Reuters

Iran’s elite Revolutionary Guards (IRGC) are “highly likely” to have facilitated attacks last Sunday on four tankers including two Saudi ships off Fujairah in the United Arab Emirates, according to a Norwegian insurers’ report seen by Reuters. The UAE, Saudi …

Norwegian Air to Seek Compensation from Boeing for Costs of MAX Groundings

Norwegian Air said on Wednesday it will seek compensation from plane maker Boeing for costs and lost revenue after grounding its fleet of 737 MAX 8 aircraft in the wake of the Ethiopian Airlines crash. “We expect Boeing to take …

Fierce North Sea Storm Forces Oil Rig Evacuations; Worker Killed

A fierce storm in the North Sea forced oil firms to evacuate platforms and shut down production on Thursday on concerns that they could be hit by a drifting barge that had broken its anchor. The strong winds had ripped …

Total: “May be Months” to Stop North Sea Gas Leak

A cloud of explosive natural gas boiling out of the North Sea from a leak at Total’s abandoned Elgin platform forced wider evacuations off the Scottish coast on Tuesday as the French oil company warned it may take six months …

Regulators Tell Oil Firms to Improve Safety

Oil and gas companies must improve the way they deal with safety issues in the wake of the Gulf of Mexico and Montara oil spills, regulators said at a two-day conference on safety in the sector. The issue has come …