Western Europe’s biggest petroleum producer is falling out of love with oil.
To the dismay of the nation’s powerful oil industry and its worker unions, the opposition Labor Party over the weekend decided to withdraw its support for oil exploration offshore the sensitive Lofoten islands in Norway’s Arctic, creating a solid majority in parliament to keep the area off limits for drilling.
The dramatic shift by Norway’s biggest party is a significant blow to the support the oil industry has enjoyed, and could signal that the Scandinavian nation is coming closer to the end of an era that made it one of the world’s most affluent.
How will Norway pay for its social safety network without oil revenues?
(Score: 2) by The Mighty Buzzard on Tuesday April 09 2019, @03:42PM (2 children)
To some degree, yes, but that's not what I was talking about. Anyone should be able to see a rising movement to do away with using fossil fuels at all though and if it stays even remotely on the same trajectory drilling for and selling oil will not be an option for their grandchildren.
My rights don't end where your fear begins.
(Score: 0) by Anonymous Coward on Tuesday April 09 2019, @04:25PM (1 child)
See what happens after 30 years of moderate to no global warming. The pendulum of public opinion never stops.
(Score: 2) by The Mighty Buzzard on Friday April 12 2019, @03:38AM
Bad analogy. It's not moving like a pendulum. Pendulums swing back and forth. This issue has only ever really moved in one direction, though it does slow or stall at times.
My rights don't end where your fear begins.