[bertil]

I can’t speak intelligently about the relationship between the pension fund and the wealth fund (it is complicated), but I think you overestimate the share of upcoming revenue from oil over the on-going benefit from operating a fund that is betting on sustainable solutions. Someone smarter than me should correct the record here.

However, the key information here is neither side of that contradiction, but that Norway has found a very large deposit of Phosphorous. Until now, Marocco has the largest reserves (by so much it’s actually daunting, confusing really, how they didn’t end up like the Saudi Arabia of bird poop, which is essential for growing food, so a tad more essential than burning donuts).

Norway seem keen to leverage that the way they leveraged fossil fuels, so I’d expect that fund to grow bigger, faster, and without the discomfort of selling something that could, and most likely will, end up drowning Norwegian towns.