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Norway’s Equinor Shows Big Oil Can Survive Putting A Price On Carbon – Christopher Helman

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Norway, thanks to decades of oil and gas drilling in its coastal waters, has the world’s largest sovereign wealth fund, with more than $1 trillion in invested assets. That’s equivalent to roughly $200,000 for each of the 5.2 million Norwegians. Rare among those struck with the “resource curse,” Norwegians feel kind of sheepish about owing their birthright to fossil fuels. Among the world’s most zealous environmentalist states, Norway has pledged to become “climate neutral” by 2030, and has imposed all manner of emissions trading and carbon taxes to get there…….

Read more: https://www.forbes.com/sites/christopherhelman/2018/10/12/norways-equinor-shows-big-oil-can-survive-putting-a-price-on-carbon/#5cd5b73a5c05

 

 

 

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