
$18 billion in support for new oil and gas projects
Oil Change International has commented on the approval by Norway’s energy ministry in June 2023 of over 18 billion US dollars to support 19 new oil and fossil gas field developments on the Norwegian Continental Shelf in the North Sea:
“Once again, Norway is showing its climate hypocrisy. As wildfires are raging in Canada and heatwaves are taking lives in India, Norway approves 19 new oil and gas field developments. The world’s leading climate scientists say we must stop drilling for new oil and fossil gas to secure a liveable future – but despite this Norway keeps drilling. If Prime Minister Jonas Gahr Støre and the rest of the Norwegian government want to be taken seriously on the international climate stage, they need to align Norway’s oil and gas policies with a 1.5 degree scenario, and start planning now for a fair, full, and fast phase-out of all fossil fuels.” Other Norwegian NGOs, including WWF Norway, Greenpeace Norway and FOE Norway, have also called for a fossil-fuel phase-out.
https://priceofoil.org/2023/06/28/norway-approves-18-billion-in-support-...