As Oil Slumps, Norway Explores New Fields in the Arctic
Phoenix666 writes:
As oil slumps, Norway explores new fields in the Arctic:
But the move does make you look askance at Norway. This week, MPs in the super-rich oil nation are expected to vote against further protection of one of the world's most important biological hotspots, so enabling continued exploration in the Barents Sea.
This comes off the back of a pledge to delay more than $10bn in taxes for petroleum companies, to spur investment which will help fund drilling in a uniquely biodiverse area called the marginal ice zone.
[...] But then Norway is environmentally at odds with itself.
You have the oil that made it one of the richest nations on earth. Then walk around Oslo and you will see electric cars all over the place - in fact, three out of four cars now sold in Norway are either wholly or partially electric.
And 98 percent of Norway's electricity comes from renewable energy, of which hydropower is the main source. The nation talks highly of its own sustainable prowess. And well it might.
But all those fossil fuels Norway extracts? They go overseas. The nation may not emit too many greenhouse gases, but it exports them on a colossal scale. Norway's wealth is someone else's smog.
Perhaps Norwegians welcome global warming?
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