Norway’s energy paradox: How oil and gas are at odds with green tech start-ups

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Euronews (English)

Norway is a powerhouse when it comes to clean energy start-ups, but the country is at odds with its position as a World leader in petroleum and natural gas exports. It is a contradiction that has come into sharper focus this year since the war in Ukraine and the energy crisis. A NATO ally and European Free Trade Association (EFTA) member, Norway has proven to be a lifeline to the European Union by becoming the 27-nation bloc’s biggest natural gas supplier since Russia cut its gas supplies. The majority of revenue from Norway’s oil and gas production is kept in a sovereign wealth fund, which ke…

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