Posts state Norway's wealth derives from oil and gas discovered in the late 1960s and managed via the world's largest sovereign wealth fund (over $1.7 trillion), named Oljefondet. Documents note Norway's domestic energy is "most of it is hydroelectric," that the country "sell[s] their oil (rather than consume a lot of it)" and invests the surplus into a public pension fund; one post compares this path to Canada.
Created 9 hours ago • 44 documents • Range: 4/4 11:37pm – 4/5 5:05am"Most of it is hydroelectric. But I think this is also a reason why Norway has the Oljefondet. They sell their oil (rather than consume a lot of it) and the surplus gets invested into a public pension fund."
Norway has trillions of dollars in assets in this public fund. Canada could have had a similar path but we didn’t. And now, well, how’s that working out?
Social democrats, but yeah: the right wing Progress party wanted to sell all oil licenses to foreign companies when we first struck oil in the 70's. Back then they were a fringe party, so luckily no one listened to them. Today, they're trumpists and the most popular opposition party.
Norway has a population of about 5.4 million roughly the size of Colorado. The US has 335 million people. The US isn’t as backwards as the framing suggests. It’s now the world’s second-largest producer of renewable energy, and renewables account for roughly 20–22%. Scale is the dominant factor.
The global energy shift is accelerating. For every $1 spent on fossil fuels, $1.83 is now invested in clean energy—a huge jump from 2015! With our abundance of sun and wind, we are in a prime spot to lead this $2.1 trillion transition. ☀️💨 #CleanEnergy #Auspol www.voronoiapp.com/energy/For-E...
So why do they need a huge taxpayer subsidy to deep sea mine for oil? Seems Norway has clean electricity for its citizens but doesn't mind selling fossil fuels for profit for themselves. There's something really messed up about that. www.desmog.com/2026/04/01/m...
Norway's immense wealth stems from its strategic management of natural resources, primarily oil and gas discovered in the late 1960s, managed through the world's largest sovereign wealth fund (over $1.7 trillion). Easy to be green when you sell fossil fuels to the rest of the planet.
Yup. It’s not just thermometers that are affected by climate change. Whole portfolio of problems. We have the knowledge & tools to make a huge difference. We also have “Oiligarchs” & blindered, greedy fools with $ & political power propping up oil & sabotaging clean energy solutions with lies.
Norway is a country with large fossil fuel reserves & a very small population (literally less than 6 million), yet it relies on renewables for 99% of its electricity generation… It belongs to two completely opposite worlds: a petrodollar kingdom, & at the same time a strong supporter of renewables 😅
[Pew Research] Support for prioritizing solar/wind in the U.S. drops from 79% to 57% from 2020-2026 due to shifting view of Republicans www.resetera.com/threads/14...
Wait, so the leader of the green party. Should be pro fossil fuels. Give your head a wobble. What Milliband is proposing is stupid in the extreme, considering we have cheaper sustainable alternatives. It's also against labour's own manifesto.