Australia's largest stock trading and investment forum Australia's #1 stock forum

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

First 13 Last

Share
Profile

Follow
grindstone cowboy

23,762 Posts.

186

11/06/22

10:43

Post #: 61954723
Share

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. ... "

Expand

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

Reply

Top Stories

AII

Inside the depths of Panasqueira: A legacy carved in rock

WIN

'Incorrect datasets': Old irony sets WIN Metals up for golden opportunity at Emjay

Tuesday's HotCopper trends: Sayona intercepts, Bowen Coking crisis | July 15

ASX Market Close: Tariff fatigue truly evident; RBA eftpos proposal sinks Tyro

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

First 13 Last

SPONSORED BY