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.

To read the full article, click here.

  • LinkedIn
  • Twitter

© 2020 Energen. This website represents a proof of concept of the future platform