Norway got rich with petroleum products. Bunch of hypocrites.
this post was submitted on 13 Jan 2025
0 points (NaN% liked)
Green Energy
2319 readers
10 users here now
Everything about energy production and storage.
Related communities:
founded 2 years ago
MODERATORS
What are you thinking makes them hypocrites? Doesn't seem like doing something bad for the planet, then improving things is hypocritcal unless they start claiming they've always been perfect. At any rate, veats doubling down on petroleum like the US are currently doing.
They have not stopped exporting fossile fuels and to my knowledge at least they also don't plan to do so in the near future.
"Got rich"
The profits are going in a fund that is kept for later on, it doesn't affect people's current finances. The only idiots here are all the countries that didn't nationalize their natural resources to do the same.
"A FunD THaT iS KepT FoR LatEr On" aka they invest it in the stock market, making the climate crisis worst. And they are still profiting off oil exploitation.
Fuck norway
They vote against CEOs that aren't working to prevent climate change. Not all stock market investments make the climate crisis worse.
Fuck your disinformation.
They own shares in Solvay (https://www.nbim.no/en/investments/all-investments/#/), who notoriously poisoned a whole italian village with Dioxine.
https://www.justice.gov/archive/atr/public/press_releases/2006/215056.htm https://www.icij.org/investigations/pandora-papers/solvay-italy-new-jerey-chemical-plants-offshore/
They own shares of Coca Cola, who paid for dead squad in latin america to attack unionists
They own shares of Pfizer, who corrupted the european commissions president during COVID https://en.wikipedia.org/wiki/Pfizergate.
They have shares in Airways, automobile industries, gas companies, petrochemicals, real estate,... Do you understand how capitalism work? The minute there will be a conflict between their financial interest and sustainability, they will pick the former.
Fuck norway
They own shares in Solvay (https://www.nbim.no/en/investments/all-investments/#/), who notoriously poisoned a whole italian village with Dioxine.
https://www.justice.gov/archive/atr/public/press_releases/2006/215056.htm https://www.icij.org/investigations/pandora-papers/solvay-italy-new-jerey-chemical-plants-offshore/
They own shares of Coca Cola, who paid for dead squad in latin america to attack unionists
They own shares of Pfizer, who corrupted the european commissions president during COVID https://en.wikipedia.org/wiki/Pfizergate.
They have shares in Airways, automobile industries, gas companies, petrochemicals, real estate,… Do you understand how capitalism work? The minute there will be a conflict between their financial interest and sustainability, they will pick the former.
Jesus I didn't know it was that bad
One have to be an idiot to imply the blind search for profit isn't the ultimate cause of the climate crisis.
Fuck your greenwashing, idiot.
While I mostly agree with your argument, the personal attacks are both unecessary and against our site rules.
Maybe it should be against your site rules to simp for planet-destroying capitalists?
load more comments
(7 replies)
They didn't get high on their own supply and got a massive national fund from it. A bit hypocritical but definitely nicely played. Better than most other countries who used that money for ego projects or imperialistic madness.
nah a lot of their stuff get subsidised by the EU too from what I've heard, I think the flip side of it is that they have long training and internship periods so almost everyone is in their 30s by the time they get anywhere. The irony is worrying about global warming when you live in a frozen hell.
Norway isn't even an EU country though?
Wait so as an european living car free in a city I'm subsidizing the lifestyle of some rich fucks living in a fjord?
That's it, i'm doing tax evasion.
As a rich fuck living in a fjord I thank you for your contribution
You're welcome
The only reason Norway can afford electric cars is because of the wealth that comes from its oil and gas industry. This is why Norweigans who can afford to buy new cars can also afford electric cars.
So ... yay?
That's a load of bullshit, how is money going to a pension fund making the people richer when no money was withdrawn from it until 2016 even though it has existed since 1990?
They have a flat taxation rate of 22% with sales taxes at 25%. Compare that to the US with billionaires paying no taxes at all...
Money is taken from the sovreign wealth fund every year. However, it is not taken from the savings, but from interest. A maximum of 3% of the funds value can enter the budget, as decided by the budgetary rule.
Oil also makes people richer because it provides industry and jobs.
However, the reason people can afford electric vehicles is that they are excempt from value-added tax. VAT on new cars is quite high in Norway, so if this shaves $40 000 off the price of a new car it obviously makes them more lucrative by comparison.
It's a political decision, it's not that all Norwegians walk around with fuck you money and buy the most expensive cars on the market just for fun.
load more comments
(4 replies)
Not really. They have a very simple tax device that ensures EVs are cheaper than thermal cars. China has put in place something similar. It is not a rich country thing. It is about being serious about its transition
I wonder whether they even buy EU car brands like Peugeot lol
We do. Lots of teslas and asian brands though. But we have seen more and more of the "normal" brands as well these last few years.
Which is just making all cars more expensive for everyone, meaning that Norweigans who can buy new cars are wealthy enough to buy expensive cars.
China has put in place something similar
So what. Nice red herring.
The cost of the EVs are in black and white listed on any dealers website in norway.
They are stil, on average, 3 times the price of an ICE vehicle.
They are not subsidised to parity, far far from it.
Do you haver a source for that?
I have read they reached parity, I would be happy to have a way to contradict that.
Obviously you cant read or are a bot. Its in the fucking comment.
Three times the price
So, you live in the early 2000s?
The real reason is because they have taxed the shit out of ICE's and EVs was exempt from a lot of taxes.
So for a lot of people, it really only makes sense to buy an EV because it is so much cheaper.