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Norway Is Walking Away from Billions of Barrels of Oil

posted by martyb on Tuesday April 09 2019, @02:55AM   Printer-friendly
from the for-how-long dept.

Phoenix666 writes:

Bloomberg:

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?

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  • (Score: 3, Interesting) by Azuma Hazuki on Wednesday April 10 2019, @01:18AM

    by Azuma Hazuki (5086) on Wednesday April 10 2019, @01:18AM (#827195) Journal

    The instant I am able to I am going to Canada. This country has had it. I'm not even sure Canada will be all that safe for all that much longer, especially if I choose the wrong place to go, but it's got to be better than this...

    --
    I am "that girl" your mother warned you about...
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