Oil crisis shows richest Nordic country remains a crude addict

GCAPTAIN | Norway has been talking for years about weaning itself off oil, but the Covid-19 crisis has revealed how far it has left to go.


Norwegian politicians this week sweetened a package that will delay more than $10 billion in taxes for oil companies and make projects more profitable after even the country’s industry-friendly prime minister implored lawmakers to show some “spine.” Critics say that could lead to loss-making ventures and slow down the necessary shift to a greener economy.


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