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 Oil-rich Norway struggles to beat its 'petroholism'

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RR Phantom

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Oil-rich Norway struggles to beat its 'petroholism' Vide
PostSubject: Oil-rich Norway struggles to beat its 'petroholism'   Oil-rich Norway struggles to beat its 'petroholism' Icon_minitimeSat Sep 09, 2017 12:03 am
For climate reasons as much as economic prudence, Norway is trying to cut its dependence on oil, a godsend that has made the small Scandinavian country rich beyond its dreams -- which is exactly what makes it hard to pass up.

Oil-rich Norway struggles to beat its 'petroholism' 59b207b7cafbf_c991c0172ba856bbbb30402733ef5020c93baba5

'Black gold' has enabled Norway to build up the world's largest sovereign wealth fund, currently worth close to $1.0 trillion. Yet several small political parties have raised their voices ahead of the country's legislative elections on Monday to make sure Norway puts its oil days behind it.

"We want the end of all new oil exploration," Rasmus Hansson, one of two co-leaders of the Greens Party, told AFP. "We will not support a government that doesn't accept our ultimatum."

The party, which according to several opinion polls could end up in the position of kingmaker, also wants to phase out Norway's entire oil industry within 15 years.

https://au.news.yahoo.com/world/a/37009971/oil-rich-norway-struggles-to-beat-its-petroholism/
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