Norway Isn’t Giving Up On New Oil Development

Norway is betting on offshore wind, hydrogen, and electrification to meet its commitment under the Paris Agreement, but its oil and gas sector will continue to play a major role in long-term job creation, economic growth prospects, and value for the country, the government said on Friday. Norway, Western Europe’s largest oil producer, is preparing to face the energy transition, yet it believes that it can develop its petroleum resources to deliver low-emission production within its climate policy, the government’s White Paper ‘Putting…