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dave sss

14,070 Posts.

217

08/08/24

05:26

Post #: 75117927
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Originally posted by moorookamick: ↑

Norway is utilising the profits from its oil & gas
to transition to green and at the same time
bolster its national pension fund.(Oil & Gas
profits go into Norwegians pension fund unlike
ours which is DIY.

Similarily we should be using the proceeds from
our Coal & LNG to finance our green transition ,
particularly our transition to EVs, rather than
crueling the average Aussie working stiff who
can't even afford an EV.

Norway nationalised its oil & gas in 1973 at the same
time as Geoff mooted "buying back the farm" . Of course
we mugs voted out Geoff leaving our IO, Coal & LNG
foreign owned or vastly foreign owned.

How stupid were we then?

And did Norway's & Saudi Arabia's nationalising their
natural resources in 1973 alienate them from the USA: on the
contrary they maintained cordial relations with the USA
and still do!

Had we done a Norway in the early 1970s we would now have
3 times the Sovereign Fund of Norway
ie: over $7.0 Trillion AUD with no need for self funded Super

Were we stupid or were we stupid

Expand

Exactly Moorookamick. Well said.

Our politicians and media are owned by Fossil fuel and mining interests. They serve them and not Australian citizens now
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