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by farrisbris
2782 days ago
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Changing their name is not really changing what they do. I realize they are diversifying into other areas(which is only sensible), but they are still also doing what they have always been doing. Push for more drilling. And i'm not sure i buy their argument that since someone else will just pick up the slack we should keep doing it. I realize that oil is what has brought us our wealth, but this is what i meant by hard choices. > Taking the biggest sovereign wealth fund in the world's money out of FF stocks is a good way to start, and doesn't jeopardize much, if anything. This is also what i mean by hard choices. In this case it wasn't really that hard. |
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Stopping drilling just means another producer fills the void, and the Norwegian economy suffers as a result. People rightfully react to that and often elect someone on the other end of the political spectrum. Not only do other producers have less env. regulation, but the backlash from the Norwegian populace could elect a government within Norway who slashes this regulation and restarts production. History is replete with reactionary governments, especially when the Overton window is shifted too fast.
My point is, keep diversifying the economy, keep diversifying energy sources. Just because drilling continues does not mean alternative energy is slowing down. Take it slow, else you risk backlash.