Norway’s solution to the global climate change and challenge is to – hold on to your hats – give flank speed ahead and exploit all available oil and gas reserves, according to partly state-owned oil company Statoil CEO Eldar Sætre and Norway’s minister of petroleum and energy Terje Søviknes.
Probably based on the conviction that in order to create you first have to destroy.
Photo: Norwegian oil, pure as snow. The Oseberg A platform in the North Sea Oseberg field. Photographer: Harald Pettersen, Statoil ASA. Montage: Blogger.
As you may well know, 195 countries adopted the first-ever universal, legally binding global climate deal at the Paris climate conference (COP21) in December 2015, setting out to limit the global warming to well below 2°C .
The governments agreed on
a long-term goal of keeping the increase in global average temperature to well below 2°C above pre-industrial levels;
to aim to limit the increase to 1.5°C, since this would significantly reduce risks and the impacts of climate change;
on the need for global emissions to peak as soon as possible, recognising that this will take longer for developing countries;
to undertake rapid reductions thereafter in accordance with the best available science
The Norwegian government’s response, announced in a press conference about an hour ago, is to invite oil companies to nominate blocks for the 24th licensing round on the Norwegian continental shelf, whereby increasing Norway’s exhaustion of its fossil reserves dramatically – in extremely sensitive waters to boot.
«Our future challenge is to continue the stimulation of an oil and gas industry in Norway, enabling us to prolong the time it takes to achieve readjustment in other sectors. We will have oil and gas for years to come, as well as a need to increase investments. Not only are we carrying out these measures, but also start to invest and develop, in order to counter the downturn,» says Norway’s PM Erna Solberg (Conservatives).