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What about a country like Norway that bases its entire economy on oil? Why shouldn't they be considered evil too?
by planetzero 7y ago
What about a country like Norway that bases its entire economy on oil? Why shouldn't they be considered evil too?
- Iv 7y agoYou are a bit harsh on a country that generates 98% of its electricity through renewable energy.
- piokoch 7y agoYup, and they can afford that because they sell oil and gas to others.
- Iv 7y agoNah, because of low density and tons of mountains (it is hydroelectricity mostly) BTW, dropping oil and gas investment (which is not what this article is about yet, as it seems to impact mostly coal) has been on their agenda since 2017: https://www.bbc.co.uk/news/business-42011995 https://www.bbc.co.uk/news/business-42011995
- eloff 7y agoSaudi Arabia would be a better example. Norway isn't all about oil anymore.
- kachnuv_ocasek 7y agoNorway has started steering away from fossil fuels already: https://www.theguardian.com/world/2019/mar/08/norways-1tn-wealth-fund-to-divest-from-oil-and-gas-exploration https://www.theguardian.com/world/2019/mar/08/norways-1tn-we...
- jihadjihad 7y agoI wouldn't say it "bases its entire economy on oil." If you're referring to their sovereign wealth fund [0], your statement is misleading since the fund was started with monies from Noway's own oil reserves, and the fund actively excludes companies on ethical grounds. [0]: https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Norway https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Nor...
- selectodude 7y ago22 percent of Norway's GDP and 67 percent of their exports are oil and gas. That's a petrostate.
- natch 7y agoThey are making huge efforts to get away from reliance on their oil.