+- +-

+-User

Welcome, Guest.
Please login or register.
 
 
 
Forgot your password?

+-Stats ezBlock

Members
Total Members: 51
Latest: JUST4TheFACTS
New This Month: 0
New This Week: 0
New Today: 0
Stats
Total Posts: 14342
Total Topics: 264
Most Online Today: 2
Most Online Ever: 137
(April 21, 2019, 04:54:01 am)
Users Online
Members: 0
Guests: 0
Total: 0

Author Topic: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!  (Read 5886 times)

0 Members and 0 Guests are viewing this topic.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 31300
  • Location: Colchester, Vermont
    • Renwable Revolution
     

Norway Oil Bosses Insist End Isn’t Near After $35 Billion Shock Investment Dump

November 20, 2017 by Bloomberg

SNIPPET 1:

By Mikael Holter (Bloomberg) — Can Norway dump $35 billion in oil and gas investments, and simultaneously convince that same industry to throw money into the country’s own fossil-fuel future?


After the initial shock of learning that Norway’s $1 trillion wealth fund wants nothing to do with it, the petroleum industry says both are in fact possible.

But the mood is shifting. While the fund said its proposal is about spreading risk and doesn’t imply a negative outlook on the oil industry ;), the plan reverberated as a nod from western Europe’s biggest oil producer to the uncertain future facing oil.


SNIPPET 2:
Confident Lobby

The proposal needs approval from Norway’s government and possibly even Parliament. Crucially, it has no bearing on the terms offered to oil companies operating offshore Norway, said both Industry Energy and the Norwegian Oil and Gas Association , a lobby group for companies such as Royal Dutch S , Total SA and Exxon Mobil Corp. all companies that could be dropped by Norway’s wealth fund if the proposal is implemented.

Full article:

http://gcaptain.com/norway-oil-bosses-insist-end-isnt-near-35-billion-shock-investment-dump

Message for the Norwegian Oil and Gas Association:   

Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

 

+-Recent Topics

Money by AGelbert
December 06, 2019, 12:04:43 am

Future Earth by AGelbert
December 05, 2019, 09:59:49 pm

Doomstead Diner Daily by AGelbert
December 05, 2019, 09:17:31 pm

Corruption in Government by AGelbert
December 05, 2019, 08:36:43 pm

Corporate Profits over Patient in the Health Care Field by AGelbert
December 05, 2019, 08:03:04 pm

Homebody Handy Hints by AGelbert
December 05, 2019, 07:51:11 pm

You will have to pick a side. There is no longer Room for Procrastination by AGelbert
December 05, 2019, 05:40:36 pm

🌟 IMPEACHMENT SCORE 🌠 by AGelbert
December 05, 2019, 04:25:43 pm

Electric Vehicles by AGelbert
December 05, 2019, 12:00:30 pm

Comic Relief by AGelbert
December 05, 2019, 11:52:14 am