Sunday, March 26, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home News World News

Oil sector in balance as Norway votes

AFPbyAFP
September 13, 2021, 9:30 am
in World News
Reading Time: 3 mins read
A A
Share on FacebookShare on TwitterShare on Email

Norwegians head to the polls on Monday, in a parliamentary election where the "Red-Green" opposition looks to be ahead, potentially influencing the fate of oil activities in the largest producer in Western Europe.

According to opinion polls, a clear majority is emerging to unseat Prime Minister Erna Solberg's centre-right government, which has ruled the Nordic country for the last eight years. 

The leader of Norway's Labour Party Jonas Gahr Store, a 61-year-old millionaire who has campaigned against social inequality, seems well placed to succeed her, but the exact shape of the coalition needed to pave his way to office is still unclear.

His party's preferred allies are the agrarian Centre Party and the Socialist Left Party, but if they are unable to reach a majority on their own they might depend on the support of the Green Party and or the communist Red Party, potentially complicating negotiations.

"I have a good feeling," Store said as he cast his ballot at a school in Oslo on Sunday, with voting opening a day earlier in the major cities. 

ADVERTISEMENT

As of Friday, more than 1.6 million Norwegians, or 42.3 percent of the electorate, had made use of early voting opportunities.

Overcoming addiction

The August "code red for humanity" report from the Intergovernmental Panel on Climate Change (IPCC) put the issue at the top of the agenda for the election campaign and forced the country to reflect on the oil that has made it immensely rich. 

The report energised both those on the left and, to a lesser extent, the right who want to get rid of oil.

The Green Party is leading the charge in calling for an immediate halt to all oil exploration and a 2035 deadline for exploitation.

That ultimatum has been rejected by Store, a minister under Jens Stoltenberg between 2005 and 2013.

Like the Conservative Party, the other dominant political force in the country, the Labour Party has refused a farewell to the black gold.

Instead, they advocate a gradual withdrawal from the oil that has served as a windfall for the country since exploration started in the 1960s.

The oil sector accounts for 14 percent of gross domestic product, as well as 40 percent of its exports and 160,000 direct jobs.

In addition, the cash cow has helped the country of 5.4 million people amass the world's biggest sovereign wealth fund, today worth more than 12 trillion kroner (almost 1.2 trillion euros, $1.4 trillion). 

"The demand for oil is on a downward path. This is happening by itself, by market forces. We don't need to decree it… but instead build bridges to future activities," Labour's energy chief Espen Barth Eide told AFP.

"We will continue to have oil activities but we have to admit that the best oil years are behind us," he said.

Arctic exploration in question

According to many observers, a compromise will depend on success of the parties with environmentalist leanings and could involve cutting off certain waters for oil exploration, particularly in the Arctic.

"I think a smooth transition is very important to keep the knowledge within the oil industry to make a green shift over to renewable energy," Fridtjof Elgesem, a 29-year-old Oslo resident, told AFP.

For Camilla Larsson, 33, the next government should limit oil production to meet climate targets.

"It will impact taxes, it will impact the way of living in Norway but I think that is something that has to change in order for us to reach the climate goals," Larsson said. 

"Fortunately, we live in Norway, we are super privileged and when it comes to climate and the way of living we have to give something to achieve what the world has set to achieve," she added.  

After eight years in power, a record for Norway's conservatives, and multiple crises including migration, falling oil prices and Covid-19, Solberg is likely to pass the baton. 

The 60-year-old is expected to cast her ballot mid-morning in her home town of Bergen.

"We must always govern as if we were to stay in place for eternity and design big projects because that is the job of a Prime Minister," she told broadcaster NRK on Sunday.

The first preliminary results are expected at 9:00 pm (19:00 GMT).

Pierre-Henry Deshayes, Tom Little

Tags: Erna SolbergIntergovernmental Panel on Climate ChangeJonas Gahr StoreNorway
ADVERTISEMENT
AFP

AFP

Related Posts

UN hits Russia, Ukraine forces for POW ‘summary executions’

byAFP
March 25, 2023, 10:00 pm
0
8
Southwoods nails Seniors’ Fil golf crown

KYIV—The United Nations said Friday it was “deeply concerned” by what it said were summary executions of prisoners of war...

Read more

Unrest in France prompts Charles to postpone visit

byAFP
March 25, 2023, 9:50 pm
0
8
Unrest in France prompts Charles to postpone visit

PARIS -- Violent pension reform protests in France led to the postponement Friday of King Charles III’s trip to the...

Read more

N. Zealand raises concerns with China over rights

byAFP
March 25, 2023, 9:40 pm
0
8
Southwoods nails Seniors’ Fil golf crown

BEIJING—New Zealand has raised concerns with China over human rights abuses and growing tensions with Taiwan, Wellington’s foreign minister told...

Read more

19 killed as US strikes Iran-linked Syria groups

byAFP
March 25, 2023, 9:30 pm
0
8
Southwoods nails Seniors’ Fil golf crown

BEIRUT—The death toll from retaliatory US strikes on Iran-linked groups in Syria following a deadly drone attack has risen to...

Read more

Trump to rally at site of deadly anti-government siege in Waco

byAFP
March 25, 2023, 9:20 pm
0
8
In final days, a weakened Trump faces first veto override

WACO -- Donald Trump stages his first presidential campaign rally Saturday at the site of a deadly 1993 standoff between...

Read more

Indian MP Gandhi ‘to keep fighting’

byAFP
March 25, 2023, 9:10 pm
0
8
Southwoods nails Seniors’ Fil golf crown

NEW DELHI -- Top Indian opposition figure Rahul Gandhi said Saturday he would keep fighting for democracy after blaming his...

Read more

Print Edition

View More

Recent Posts

  • Guns, ammo at Teves biz
  • PSA: Fishers, farmers, rural folk still poorest
  • Cost-cutting Accenture to cut 19,000 jobs worldwide
  • New international shrine
  • Back to her roots
  • Du30 tops Pahayag poll of possible Senate candidates in 2025 elections
  • EDCA does not give US troops unlimited access in PH—DND
  • PCG to boost oil spill containment with Korean help

Advertisement

Latest News

Du30 tops Pahayag poll of possible Senate candidates in 2025 elections

byMaricel Cruz
March 26, 2023, 1:20 am
0
8
Rody wants more time with family after term

n By Maricel V. Cruz If senatorial elections were held today, former President Rodrigo Duterte would top the race if...

Read more

EDCA does not give US troops unlimited access in PH—DND

byManila Standard
March 26, 2023, 1:10 am
0
8
US to demonstrate rockets in Balikatan

The Enhanced Defense Cooperation Agreement (EDCA) between the Philippines and the United States have built-in protocols and does not allow...

Read more

PCG to boost oil spill containment with Korean help

byCharles Dantes
March 26, 2023, 1:00 am
0
8
PCG ships set for ‘water war’ in WPS

The Philippine Coast Guard (PCG) vowed to heighten its oil spill containment activity in Oriental Mindoro province in collaboration with...

Read more

House, Senate seek agreement on Cha-cha

byJoel E. Zurbanoand1 others
March 26, 2023, 12:50 am
0
8
House leader graces school fair

Senator Robinhood Padilla on Saturday thanked Speaker Martin Romualdez and members of the House of Representatives for considering discussing a...

Read more

Men and birds go fishing

byRevoli Cortez
March 26, 2023, 12:48 am
0
8
Universal phenomenon

A group of fishermen and a flock of egrets enjoy a good catch of fish during low tide at Barangay...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App