Norway made a choice to take a material share of oil and gas revenues and distribute the value of its non-renewable resources to citizens over multiple generations. Alberta, British Columbia and Saskatchewan chose to benefit whichever corporations happened to be involved when production of oil and gas took place…
In Norway, with 5.3 million people, upstream petroleum companies are subject to a 27% petro tax plus a special tax of 51%. Alberta petroleum tax is less than 4%. BC’s is near zero.
The Havyard shipyard announced that it received a contract to build seven battery-powered ferries for Fjord1, Norwegian transport conglomerate. The news comes after the operators of the first all-electric ferry in Norway, the ‘Ampere’, reported some impressive statistics after operating the ship for over 2 years. They claim that the all-electric ferry cuts emissions by 95% and costs by 80%. Unsurprisingly, the potential cost savings are attracting a lot of orders for new electric ferries and for the conversion of existing diesel-powered ferries…
Norges Bank Using the Bank of Canada’s average rate of exchange for 2014, the Norwegian oil fund had a value of more than $1.2 trillion CAN as of March 31. The Government […]
This is a small piece of information learned in my recent examination of business in Norway. In the article Two Oil Economies, I mentioned Norway’s Government Pension Fund Global, the sovereign wealth […]
Note 11 from a study by John Calvert and Marjorie Griffin Cohen of Simon Fraser University, Climate Change and the Canadian Energy Sector: In this regard it is interesting to compare the […]
Good thing we have The Tyee and other independent media. If we did not, politicians and industrialists would have an unrestricted pass to conduct business in ways that best line their own […]