Scandinavia's richest country acknowledges the severity of climate change but says oil will still be needed
Scandinavia’s richest country acknowledges the severity of climate change but says oil will still be neededA row of Tesla Model S sedans are seen outside the company's headquarters in Palo Alto, California, in this April 30 2015 file photo. Picture: REUTERS/ELIJAH NOUVELAGE
According to a weekend poll, 55% of voters in Western Europe’s biggest oil producer want exploration to continue. The results come as Norway prepares for general elections in September, with oil policy again set to be high on the agenda. Norway, the richest nation in Scandinavia thanks to its oil wealth, acknowledges that the IPCC report “confirms the severity of climate change”, and the country has made investments in renewable energy in an effort to cut emissions. But the government insists drilling for oil will still be needed. Higher carbon prices might mean that such exploration will be unprofitable sooner than previously expected, Prime Minister Erna Solberg has said.
The Labour Party, which looks set to lead Norway’s next government, has argued that reducing demand for fossil fuels will be the main lever for cutting production, and points to an expected decline in oil exports as proof that Norway needs to change its strategy.
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