Oljefondet and Norway's resource wealth

Don't have to I gave it to you 90% of Norway's Renewables come from hydropower to a country the size of South Carolina. But yeah School me.

Amen Sister!!! I'm 69 and believed everyone would have solar by now. But my naive ass underestimated how powerful coal and oil companies are.

We’re running on empty but let’s build some chip fabs and data centers. Meanwhile, there’s money to be made growing alfalfa for the Saudis with our precious ground water. We’ll figure it out 🤦‍♂️

They have a sovereign wealth fund built on fossil fuels...... One begets the other🙏

Because America is run by rich greedy families who protect profits over everyday Americans. They’d rather kill people with smog and high electricity bills then use renewable energy and give energy credits to the average citizen.

Norway was gifted by the gods with lots of sites for hydroelectric power and a small population.

TRUMP’s supporters in THE FOSSIL FUEL LOBBY are making BILLIONS thanks to their man-child in THE WHITE HOUSE!

Lucky us, our politicians are in bed with lobbyists for energy/oil and a dumb president who has killed clean energy growth.

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.

Norway is powered on clean electricity—but it also is a petrostate that has amassed a $2 trillion sovereign wealth fund through selling its oil, and continues to secure the financial future of its citizens through this oil money.

Do most countries have a lot of coal? I can think of a few whose coal sources are minimal, or geopolitically unreliable!

CA leads the country in renewable energy, Democratically run of course.

Wild how a country can look at a major national resource like fossil fuels and make the very deliberate decision to NOT use it domestically, but use the export revenue to build their own energy independence. What must it be like to have basic competence at governance?

That’s what ours looks like, except it’s fossil fuels!

We have a country of oil millionaires buying out the politicians to kill all green energy..... we have a corrupt country and falling behind many others....just to stuff money into a few on the top.

That's true. They also have the world's largest sovereign wealth fund managing that oil money for the benefit of the Norwegian people. Of course they're socialists, so that would never work in the US

Yeah, too bad they enrich themselves from selling fossil fuel to the rest of the planet. Wherever it is burned, fossil fuels create greenhouse gases that destroy the whole world, including Norway.

And in The United States, we’re gasping choking, bleeding and dying for fossil fuels that aren’t even IN OUR OWN COUNTRY!

And they have a sovereign wealth fund powered by petroleum! Think where the people of the UK would be if Thatcher had done that instead of privatizing all that North Sea oil!

Absolutely Dave. I am so angry that the previous governments we have here in Australia were so opposed to it given we have so much land and so much sun. We could have been a green energy superpower and we squandered it.

And Uraguay exports renwable electricity bc they can generate so much. Now explain why and how it's not replicable

Bullshit. Would it be better if they didn’t use renewables? In a period of transition you’re gonna have methods of power generation exist side-by-side on the way a carbon free future.

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.

Precisely - letting Rick Wilson and Steve Schmidt frame our messaging strategy is like asking fossil fuel executives to write our climate plan.

A perfect example of one step forward (Biden) and two steps back (Meathead). No argument exists against renewable energy. None.

Ok but the solar industry needs help ever since the trump got rid of the the solar tax credit. All the residential solar companies are doing massive layoffs.

Taco King has shut down the renewable because he is indebted to the oil wells of the past

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.