Statoil closing the combined heat and power plant at Mongstad, Norway

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After many years of operating at severe loss, the controversial gas plant is closing on December 31, 2018

The combined heat and power plant (CHP) will operate until existing agreements are ended. It is the low electricity prices that has made the plant unprofitable.

Norwegian environmentalists celebrate the decision, after a decade fighting the polluting gas plant. CO2 emissions will be reduced by 250-300,000 tons per year. Marius Holm, leader of the...