Norway, oil and the issue of climate change

Published by
The Bangkok Post

You can see why Saudi Arabia wants to go on pumping as much oil as it can. Oil exports account for 87% of the Saudi government budget and 42% of GDP. The Saudi population, now 35 million, is growing by two-thirds of a million a year, and the country already imports 80% of its food. They’d be starving in a few years if they stopped pumping. Denmark, by contrast, is ending exploration for new fossil fuel resources now and promises to stop pumping all oil and gas by 2050. But there are only five million Danes, and fossil fuels account for only four-tenths of 1% of GDP. Most Danes would hardly not…

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