Oil rig in Lyngdalsfjord - Norway has the largest oil reserves in Europe

A Social Conscience Is Nice, But Business Is Business!!

Reposted from NOT A LOT OF PEOPLE KNOW THAT

DECEMBER 27, 2020

By Paul Homewood

h/t Ian Magness

Good news from Bloomberg:

image

Norway’s top court dismissed an attempt by climate activists to halt Arctic oil exploration by Western Europe’s biggest petroleum-producing nation.

The Nordic government beat back a lawsuit by environmental groups in the country’s Supreme Court, which ruled on Tuesday the authorities had acted lawfully by awarding exploration licenses in the Barents Sea to companies including Equinor ASAAker BP ASA and Lundin Petroleum AB.

Greenpeace and Nature and Youth, a local environmental organization, argued in the lawsuit that the 2016 license award in the Arctic Barents Sea breaches Norway’s constitution and its commitments under the Paris Agreement.

https://www.bloomberg.com/news/articles/2020-12-22/norway-top-court-rules-against-climate-activists-over-arctic-oil

Of course, it is great news that the world will have some more oil reserves, if the exploration is successful.

But I do find it slightly ironic, because we are constantly being told how “green” Norway is. After all, they are getting rid of all their petrol cars, building wind farms in the North Sea (with the help, of course, of oil money).

Yet, when it comes to down to petrol dollars, all of that goes out the window!

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Hartog
December 27, 2020 10:09 pm

To me it sounds as if a court has decided something is lawful. That is how things should be.
Great example for the rest of us.

Phil Rae
Reply to  Hartog
December 27, 2020 11:41 pm

Hartos…….I totally agree! A triumph of common sense on the part of the Norwegian court.

Phil Rae
Reply to  Phil Rae
December 27, 2020 11:42 pm

Sorry! Hartog…..autocorrect problem!!!

Editor
December 27, 2020 11:26 pm

A social conscience is like a canoe, it will get stuck in your throat if you try to eat it.

How is Greenpeace still a thing? I thought the very large timber products company in the US and Canada, Resolute, were going to litigate them into bankruptcy. Things have been very quiet on that front.

Peter
December 27, 2020 11:29 pm

Norway hardly needs any windpower. 93% of their electricity comes from hydropower. I am not an expert, but I am quite sure that there are lots over places in Norway where they can add another hydrogen dam. With so much cheap (well compared to wind and solar) electricity, it makes sense to try to convert from petrol cars to electric cars.

But then, 50% of the export of Norway is fossil fuel or related products. I do not think they will give up half of their economy any time soon.

decnine
Reply to  Peter
December 28, 2020 1:16 am

Yep. Electric cars make so much sense when you’re driving above the Arctic Circle with all the lights on, also the heater, also climbing a long long hill. Just don’t plan on travelling more than a mile or two from home.

Peter
Reply to  decnine
December 28, 2020 2:27 am

The average car in Norway does about 12,000 km per year. Roughly 33 km or 20.5 miles per day. That is well within the range of any EV.

https://www.ssb.no/en/klreg

Alasdair Fairbairn
Reply to  Peter
December 28, 2020 3:29 am

Averages are unicorns best left with the armchair.

MarkW
Reply to  Peter
December 28, 2020 7:57 am

In winter, with a cold battery and having to run a heater, 20.5 is barely within range of an electric car.

KT66
Reply to  decnine
December 28, 2020 7:14 am

Moreover, Norway is very mountainous so there is a lot of energy depleting climbing.

David A
Reply to  Peter
December 28, 2020 2:50 am

Good comments Peter, except, is the dam made of hydrogen, or does it pool hydrogen behind it?

Like we used to say to the new kid on the job site, ” Go fetch the bucket of steam and bring back a sky hook” (-;

Peter
Reply to  David A
December 28, 2020 3:46 am

Dear David A.
Typo on my side. Of course i meant some hydrodam. 🙂
Hydrogen dam is indeed ridiculous. :-p

Willem69
Reply to  Peter
December 28, 2020 3:59 am

Not so sure about that,

you might try to get say 4 million in EU funding for hydrogen dam research.

it will ‘advance’ science if nothing else 😎

best,
willem

Peta of Newark
December 28, 2020 1:31 am

Quote:
“”A Social Conscience Is Nice, But Business Is Business“”
C’mon WUWT – isn’t it required, normal and/or Good Manners to attribute ‘words’ to those who (first) uttered them**

If only that phrase has been Twitted Faceborked Liked Disliked## copied pasted bill-boarded a few times all around the US in the run up to Nov 3rd 2020!!
Things might be a bit different round here eh not?

** You know who I mean 😉
## No such thing as bad publicity

Ron Long
December 28, 2020 1:48 am

I don’t know what the Norwegian Constitution says about taking something without compensation, like an awarded permit, but in the USA this would have been a “taking” issue. The Forest Service paid Noranda 65 million dollars for taking their New World gold development project, located just north of Cooke City, Montana, which is near the east entrance to Yellowstone Park. The howl about the project is that it would contaminate Yellowstone Park, but the gold deposit was located in another drainage that flowed away from the Park. So, greed or constitution, or some combination? Or some countries realizing the Paris Accord is nonsense? Nah, too much to hope for.

December 28, 2020 3:34 am

Damn environmentalists, always ruining the orgy of the dammed. They need to grow a pair a get a real job like those frakers. Damn the water tables, if children suffer blame it on their lack of fortitude. This is Merca dammit. Cash is king. Thats what u signed up for, now build a wall.

Climate believer
Reply to  taoofrob
December 28, 2020 4:43 am

From: https://www.norskpetroleum.no/en/economy/governments-revenues/

The government’s total net cash flow from the petroleum industry is estimated to NOK 87 billion in 2020, and is estimated to close to NOK 99 billion in 2021.

The industry plays a vital role in the Norwegian economy and the financing of the Norwegian welfare state. The oil and gas sector is Norway’s largest measured in terms of value added, government revenues, investments and export value. Long-term perspective in the management of the government’s petroleum revenues ensures that they benefit Norwegian society as a whole, and that future generations will benefit from Norway’s petroleum wealth. This has been a key principle in developing the financial and legal framework for the sector.

Reply to  Climate believer
December 28, 2020 7:23 am

Thank you for this. I’m not a true believer, just seeking to learn along the way….

MarkW
Reply to  taoofrob
December 28, 2020 8:01 am

For someone who claims to be not a true believer, you sure do talk the talk.
As to your claim to be seeking to learn, I don’t see any evidence of a willingness to learn on your part. Just a willingness to parrot the same nonsense you were indoctrinated with in college.

MarkW
Reply to  taoofrob
December 28, 2020 8:00 am

Is it just me, or has tao lost it’s mind?

fred250
Reply to  MarkW
December 28, 2020 11:06 am

“Is it just me, or has tao lost it’s mind?”

….. not sure he/she/it ever had one. !

Certainly a lot of far-left GIGO coming from its posts.

Philip
December 28, 2020 3:38 am

At the end of the day, when it’s all said and done, somebody’s got to pay the bills. And that somebody is never the ideologues nor the government.

starzmom
December 28, 2020 5:01 am

The Svalbard Archipelago mines a lot of coal and uses it for electricity and heat, as well as export. They are a Norwegian autonomous territory.

markl
December 28, 2020 7:48 am

The Warmists, Environmentalists, Marxists, and Socialists depend on the Capitalists to finance their ideology. At first they blatantly steal profits through taxes, corruption, then takeovers until they bleed the well dry and everyone is equally poor. China and Russia developed pseudo Capitalism that is only allowed exist to refill the government coffers but the process remains the same and in the end the elites control everything. Is there any escape or is this the future for everyone? Even the US seems to be going down that path.

John the Econ
December 28, 2020 9:52 am

Every so often I come across some idealistic yet wholly ignorant Progressive that says something like “We need to be more like Norway”. And I’ll respond, “You mean engineer half of our economy to profit from the extraction and sale of fossil fuels? Yes, I imagine we could fund a lot of cool stuff from that.”

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