ClaimsØrsted

“We continued our build-out of green energy generation from offshore wind and biomass, we divested our oil and gas business, and we made the decision to be coal-free by 2023.”

Henrik Poulsen, CEO of Ørsted February 2018 Annual report 2017 - Strong results support Ørsted's green transformation (Ørsted) archived copy

Factual Their own work or organisation

In 2017 Ørsted continued building out offshore wind and biomass generation, divested its oil and gas business, and decided to be coal-free by 2023.

Unresolvable The public record could not settle it.

Factual: Statements about the present or the past, checked against the record: did they hold up?

Said for an organisation they lead or work for; it counts on both records.

What would count as true or false

The claim has three parts for 2017: (1) continued build-out of offshore wind and biomass; (2) divestment of the oil and gas business, with the sale to INEOS agreed or completed in 2017; (3) a decision taken in 2017 to end coal use by 2023. True if all three hold. Mostly true if all hold with a minor detail off, for example the divestment agreed in 2017 but closed shortly after. Mixed if two of the three hold. Mostly false if only one holds. False if none holds.

Set before the research began.

Evidence (3)

  1. E1 Hornsea Project Three Ørsted (UK) Ltd / Planning Inspectorate document library (reproduces Ørsted Annual report 2017) · 2018 Own record

    “In 2017, we decided to phase out our use of coal by 2023, and we divested our oil and gas business.”
  2. E2 Hornsea Project Three Ørsted (UK) Ltd / Planning Inspectorate document library (reproduces Ørsted Annual report 2017) · 2018 Own record

    “We expect that more than 85% of our gross investments will be within offshore wind, and yield an average return on capital employed of 13-15% in the years up to and including 2023.”
  3. E3 Hornsea Project Three Ørsted (UK) Ltd / Planning Inspectorate document library (reproduces Ørsted Annual report 2017) · 2018 Own record

    “Inauguration of the biomass conversion of Skærbæk Power Station and start-up of the Asnæs Power Station conversion”

Reasoning

All three evidence items come from Ørsted's own 2017 annual report, which is essentially the source of the claim itself. E1 restates the coal phase-out decision and the oil and gas divestment, E2 describes investment plans, and E3 lists the Skærbæk and Asnæs biomass conversions among 2017 results. No independent source confirms any of the three parts, and none of the evidence mentions the INEOS sale or its timing, which the criteria require. The subject's own account alone does not settle the claim.

Cite this claim

Ørsted, “In 2017 Ørsted continued building out offshore wind and biomass generation, divested its oil and gas business, and decided to be coal-free by 2023.” (said February 2018). Verdict: unresolvable. Reliability API, claim c_ac195e7e2893, method 0.1.0+7831dd9d, dataset release v1.1.2. https://epistacklabs.com/claims/c_ac195e7e2893

This claim is in dataset release v1.1.2, with the same verdict.

Reply to this claim

For Ørsted, or someone speaking for them: a correction or counter-evidence. Replies are read before anything is shown; an approved reply shows your name, role, date, statement and link. Your email address is never shown and is deleted 30 days after the decision (privacy).

More factual claims by Ørsted

  1. Mostly true Factual 13 August 2026
    “The increase was primarily driven by earnings from the construction agreement for Hornsea 3.”

    Ørsted's Q2 2026 offshore EBITDA increase (DKK 4.4 billion vs DKK 4.0 billion) was primarily driven by earnings from the Hornsea 3 construction agreement.

  2. Resolved true Factual 13 August 2026
    “EBITDA excluding new partnerships and cancellation fees in our offshore business amounted to DKK 11.9 billion in the first half of 2026, compared with DKK 10.3 billion last year, primarily driven by…”

    Ørsted's offshore EBITDA excluding new partnerships and cancellation fees was DKK 11.9 billion in H1 2026 versus DKK 10.3 billion in H1 2025, primarily driven by higher wind speeds and higher prices.

  3. Resolved true Factual 6 May 2026
    “Net profit for the period totalled DKK 2.6 billion. This was affected by non-cash tax effects and impairments due to the higher long-dated US interest rates.”

    Ørsted's net profit for Q1 2026 was DKK 2.6 billion, affected by non-cash tax effects and impairments due to higher long-dated US interest rates.

  4. Resolved true Factual 7 June 2023
    “At present, Ørsted operates 15.5 GW of renewable energy assets, while 4.9 GW are under construction across technologies.”

    Ørsted currently operates 15.5 GW of renewable energy assets, with 4.9 GW under construction.

  5. Resolved true Factual 7 June 2023
    “was the first energy company in the world to have its science-based net-zero emissions target validated by the Science Based Targets initiative (SBTi)”

    Ørsted was the first energy company in the world to have its science-based net-zero emissions target validated by the Science Based Targets initiative.

All of them

Verdicts are made automatically; how verdicts are made.