A $10-billion tax deferral plan proposed by the Norwegian government has prompted two oil industry executives to voice concern that it would do nothing to support the sustainability of the oil industry in Europe’s largest producer, Bloomberg reports . The chief executives of Equinor and Aker ASA said that while the plan will improve oil companies’ liquidity, it does nothing to address risks related to production capacity and the startup of new projects. “Changes to the proposal are required in order to avoid significant and permanent reduction in capacity and competency for the Norwegian supplier industry,” said Aker ASA’s chief executive Oyvind Eriksen. Equinor’s CEO, Eldar Saetre, said the government’s tax deferral would force the company to delay the start of several new projects. The Norwegian government proposed the tax deferral plan at the end of last month, hoping to prevent a slump in investments. It boils down to […]