this post was submitted on 25 Aug 2023
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This is stupid but entirely understandable when you look at how Norway makes money.
They want to clean up their own emissions at the same time as they export petroleum everywhere else.
Source https://en.m.wikipedia.org/wiki/Norway
It's not stupid. The country they're selling oil to is going to be using oil regardless of who sells it to them.* And now Norway has reduced their own fossil fuel usage.
(*Unless enough of the world as a group chooses to not sell oil, which makes oil become too expensive for that other country to buy.)
You're right. Basic economics. Given climate change though, I'm more interested in countries like Norway investing in policies that grow environmentally responsible industries rather than simply reducing a small part of the emissions of antequated and polluting ones.
They said to nationalize the whole industry when conccesions expire in 2028.