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I 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 sta
by jihadjihad 7y ago
I 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.