After decades of world-leading oil and gas production, Norway is looking to stake its claim on a piece of the renewables market. But can the oil giant become a role model for green energy while still earning off its oil legacy? Just two years ago, Norway ranked 15th worldwide for oil production, and eighth for gas.
Its longstanding relationship with oil and gas has allowed it to create its $1.4 trillion sovereign wealth fund to ensure that the country does not come to rely on oil and gas alone, by diversifying investments to the non-oil sector. …The Nation Proving That Oil And Renewables Aren’t Opposed
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