Whoever wins Norway’s upcoming election will be under heavy pressure to lead the country’s painful transition from oil production, the crucial source of revenue that has transformed the country to a generous welfare state
Norway will head to the polls this weekend after a tense national election campaign dominated by debates on the country’s contested oil sector.
Norway's two biggest parties, the Conservatives led by Prime Minister Solberg and the Labour Party led by Jonas Gahr Store, have both refused to bid farewell to black gold. Moreover, the green party MDG, whose support is critical for the Labour Party to form a parliamentary majority, calls for an immediate end to oil prospecting and a halt to production by 2035.
The climate report, which warned of an acceleration of 'unprecedented' extreme events linked to climate change, propelled the subject right to the heart of the election campaign. In addition, the cash cow has helped the country of 5.4 million people amass the world's biggest sovereign wealth fund, today worth more than 12 trillion kroner $1.4 trillion).
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Spain Closes To Unvaccinated U.S. Travelers Following Netherlands, Norway, Italy And OthersOne by one the European nations are tightening entry restriction for U.S. tourists. Spain has now joined the list of countries banning non-vaccinated American travelers.
Read more »
Credit Suisse picks 6 stocks to ride shift to 5G smartphones — and one has 40% upsideNew for subscribers: Credit Suisse picks 6 stocks to ride shift to 5G smartphones — and one has 40% upside. Check out CNBCPro today.
Read more »
Level Up Your Zoom Call With One of These GamesNext time you jump on Zoom with your friends or family, come prepared with one of these virtual games to play.
Read more »
'I invented the Happy Dog song, my dog is one happy guy'There is something about Indie. He has these cartoonish eyes and loveable openness. When people see him sticking his head out the window, just being happy with his mouth open and ears flowing in the wind, it evokes instant happiness.
Read more »
America’s Top Colleges 2021: For The First Time A Public School Is Number OneThis year we’re rewarding schools whose ROI benefits the most students, not a privileged few. For the first time, a public school tops the list, besting all the Ivies—including Harvard.
Read more »
One Chicago trailer teases heartbreaking major change for fansChicago Fire, Chicago Med and Chicago PD return on 22 September
Read more »