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norway are hypocritical for both producing oil and having so...

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grindstone cowboy

21,409 Posts.

130

11/06/22

10:43

Post #: 61954723
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Originally posted by Oldminer: ↑

Norway's Sovereign Wealth Fund now worth over a trillion dollars was established in 1990 to harness the wealth of its natural resources. The fund earns revenue from the oil and gas industry through taxes and selling exploration leases to private enterprise. The fund earned approximately 120 billion in 2020.

Australia's circumstance has very little to do with "the green dream" and everything to do with a failure of government to ensure benefit from our resources by not allowing it to be pillaged by multi nationals.

https://thenewdaily.com.au/opinion/2022/06/11/michael-pascoe-gas-tax/

"An embarrassing State of the Environment Report wasn’t the only document the Coalition sat on before the election.
Try a Treasury expose of a Big Carbon tax rort worth scores of billions of dollars – and perhaps hundreds of billions. ... "

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norway are hypocritical for both producing oil and having so many electric cars!
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