Threat to Oil Becomes Real as Climate Crashes Norway Election
- Opponents of exploration could become kingmakers in close race
- Concessions on licensing, tax would harm search for Arctic oil
A drilling tower structure stands aboard an offshore gas platform in the Oseberg oil field 140kms from Bergen, Norway.
Photographer: Kristian Helgesen/BloombergThis article is for subscribers only.
Politicians and activists who have been fighting to rein in Norway’s mighty oil industry are eyeing a breakthrough.
Several parties opposed to further oil exploration could emerge as kingmakers in the Sept. 11 election. That will threaten a push to search for about 9 billion barrels in Arctic crude and natural gas, which is necessary to prolong the petroleum age that made Norway one of the world’s richest countries.