Norway Takes Hard Look at Climate Risk for Vast Oil Riches
- Norway appoints commission to look at climate-change risks
- Norway is western Europe’s biggest oil and gas producer
A Norwegian flag flies from a boat near the assembly site of offshore floating wind turbines in Norway.
Photographer: Carina Johansen/BloombergThis article is for subscribers only.
What is 47 billion barrels in oil and gas really worth in an age where renewable sources are increasingly filling the world’s energy needs?
That’s what Norway, western Europe’s biggest oil and gas producer, is asking itself as it prepares to take a hard look at the risks climate change poses to its economy and its petroleum resources even as it moves exploration and production farther into the Arctic.