Norway figured out how to make money from its oil while going green, and other countries should learn this nifty trick. Yes, oil is bad and we need to stop using it right away to avoid climate collapse. What Norway has done is take their bad oil and export it to other countries and used the money to turn their economy to a renewable powerhouse. Many years ago Norway created the Sovereign Wealth Fund to manage their oil revenue and is now worth 1.2 trillion dollars. All of that money is being used to improve life in the country. And, as their economy gets more green they basically get to run their country for free and profit from everything they export. Other countries, like Canada, with oil can do the same thing – so why don’t they.
Plus, recent discoveries of valuable minerals such as titanium and vanadium in southern Norway have significantly bolstered the country’s economic prospects, with estimates indicating reserves of up to 70 billion tons of economically recoverable phosphate. These resources are crucial for various industries, including aerospace, electronics, and renewable energy technology — positioning it as a global economic powerhouse for generations.