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> But did you know that the money in the trillion dollar sovereign wealth fund all came from the oil they sold? I think it's a positive thing that one of the w

> But did you know that the money in the trillion dollar sovereign wealth fund all came from the oil they sold? I think it's a positive thing that one of the world's largest oil producers is moving away from fossil fuels and that they're being vocal about it. We could do with more virtue from leading countries, and signalling about it.

fredthomsen 7y ago
Agreed. All countries want to be seen as leaders, and this can nudge them in the right direction.
Ntrails 7y ago
> One of the world's largest oil producers is moving away from fossil fuels I mean, afaik, they're not moving away from generating oil and selling it. Arguably given the SWF is based on oil production/extraction revenues the obvious conclusion is that they were over exposed and this dis-investment is more like sensible diversification. But maybe that's just cynicism
- lhopki01 7y ago
  They're not moving away. They've just opened up a new field. https://www.cnn.com/2020/01/19/business/norway-oil-field-climate-change-intl/index.html https://www.cnn.com/2020/01/19/business/norway-oil-field-cli...
hannob 7y ago
> I think it's a positive thing that one of the world's largest oil producers is moving away from fossil fuels and that they're being vocal about it. That would be a positive thing indeed. However from all I can tell this is not at all what's happening: https://www.climateliabilitynews.org/2019/11/14/norway-oil-climate-lawsuit-greenpeace/ https://www.climateliabilitynews.org/2019/11/14/norway-oil-c... https://www.offshore-mag.com/regional-reports/article/14074755/norway-offers-licenses-to-28-oil-companies https://www.offshore-mag.com/regional-reports/article/140747... https://bellona.org/news/fossil-fuels/2018-01-norways-new-oil-leases-offer-a-peek-at-oslos-environmental-hypocrisy https://bellona.org/news/fossil-fuels/2018-01-norways-new-oi...

fredthomsen 7y ago

Agreed. All countries want to be seen as leaders, and this can nudge them in the right direction.

Ntrails 7y ago

> One of the world's largest oil producers is moving away from fossil fuels I mean, afaik, they're not moving away from generating oil and selling it. Arguably given the SWF is based on oil production/extraction revenues the obvious conclusion is that they were over exposed and this dis-investment is more like sensible diversification. But maybe that's just cynicism

lhopki01 7y ago
They're not moving away. They've just opened up a new field. https://www.cnn.com/2020/01/19/business/norway-oil-field-climate-change-intl/index.html https://www.cnn.com/2020/01/19/business/norway-oil-field-cli...

hannob 7y ago

> I think it's a positive thing that one of the world's largest oil producers is moving away from fossil fuels and that they're being vocal about it. That would be a positive thing indeed. However from all I can tell this is not at all what's happening: https://www.climateliabilitynews.org/2019/11/14/norway-oil-climate-lawsuit-greenpeace/ https://www.climateliabilitynews.org/2019/11/14/norway-oil-c... https://www.offshore-mag.com/regional-reports/article/14074755/norway-offers-licenses-to-28-oil-companies https://www.offshore-mag.com/regional-reports/article/140747... https://bellona.org/news/fossil-fuels/2018-01-norways-new-oil-leases-offer-a-peek-at-oslos-environmental-hypocrisy https://bellona.org/news/fossil-fuels/2018-01-norways-new-oi...