OSLO, June 11 — Norway, Western Europe’s biggest oil producer, plans to continue exploration and drilling in coming decades, the government said today, despite concerns about its impact on the climate.
“We will supply energy to the world as long as the demand exists,” Petroleum and Energy Minister Tina Bru told a press conference. The black gold is also the reason Norway’s 5.4 million inhabitants today have the world’s biggest sovereign wealth fund, worth a whopping US$1.36 trillion . For instance, connecting a growing number of offshore platforms to the land-based electricity grid has made the industry greener, by eliminating the need for onboard diesel generators.“The Norwegian government and industry cannot ignore science,” said Sandrine Dixson-Decleve, co-president of international think tank The Club of Rome.
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