The Norwegian policy regarding CO2 as a greenhouse gas is explained as a background for Statoils CO2-removal and -deposition activities. The planned deposition in a subsea aquifer of 1 million tons of CO2/year which will be removed from the Sleipner Vest offshore gas field is described. A brief description of the Norwegian R&D activities with respect to CO2-removal and deposition is given. Several scenarios where CO2-free energy in the form of electricity or hydrogen is supplied to continental Europe or UK are discussed. It is concluded that CO2-removal and -deposition is a less expensive solution than the large scale application of renewable energy sources (other than hydropower) and probably also fusion energy. R&D in the area of CO2-removal and -deposition is especially suited to international cooperation and burden sharing.