Hotspot – Norway - Geographical
▻http://geographical.co.uk/geopolitics/hotspot/item/2449-hotspot-norway
Klaus Dodds turns his gaze north, to examine the debates raging across Norway regarding oil and gas exploration
In September, two notable stories emerged about Norway. The first involved the reported value of the much-heralded sovereign wealth fund, known more colloquially as the ‘oil fund’. The net-value of the fund is estimated to be more than $1trillion, which is a staggering achievement for a country that was once largely dependent on fishing as opposed to oil and gas exploration.
Remarkably, the oil fund was only established 25 years ago with the express purpose of investing hydrocarbon revenues for the long-term benefit of the five million-strong Norwegian population. While there are strict rules governing the use and management of the fund, it’s a reminder of how small states can control investment portfolios that are global in scope.
#norvège #énergie #pétrole #environnement #pollution #paysages