Norway’s Catastrophic Oil & Gas Dilemma

<p>Norway just gave the green light to tens of billions of dollars worth of new oil and gas fields. This flies in the face of their desperate attempts to curtail international fossil fuel expansion at COP27. At face value, this move seems hypocritical, morally wrong and massively anti-climate action. But things are a lot more complex than that. You see, this new gas supply has the potential to help the EU fend off Russia and give the EU the headwind it needs to entirely switch to renewables. So, why did Norway greenlight this expansion? Is it a step in the wrong direction? Or has Norway just saved Europe?</p> <p><a href="https://medium.com/predict/norways-catastrophic-oil-gas-dilemma-6de682de7084"><strong>Learn More</strong></a></p>
Tags: Oil gas