• The Financial District


Swedish oil company Preem announced it will cancel its plans to expand their oil refinery, Preemraff, citing economic reasons.

Preemraffs expansion has been the single biggest climate issue in Sweden throughout 2020, with massive protests across its environmental movement. The decision comes two weeks after a range of activities from the Swedish climate movement against the refinery, and Greenpeace Sweden activists blocking an oil tanker outside Preem’s refinery for more than sixty (60) hours.

Isadora Wronski, Head of Greenpeace Sweden said, “This is a victory for the climate movement, the Swedish democracy and hope for a sustainable society. It would have been destructive and dangerous to expand fossil fuel operations in the middle of the climate emergency.”

If Preem would have pursued expansion, emissions would have increased by one million tonnes of CO2 per year and would have made Preemraff Sweden’s single biggest source of emissions.

Preem has announced that they will transition towards a renewable production.

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