Norway plans $369 million green industry investments

www.reuters.com
1 min read
difficult
The Norwegian government proposes spending 3.6 billion Norwegian crowns ($369 million) on investments to make its economy greener as it gradually emerges from coronavirus lockdowns, the government said on Friday.
OSLO (Reuters) -

"The crisis we are now in hasn't made the need for transformation smaller - it has increased it," Prime Minister Erna Solberg told a news conference.

While a half-century of oil and gas production has made Norway one of the world's wealthiest nations, the country aims to transition into a less oil-dependent economy and make more room for other, especially greener, industries to grow.

The centre-right minority government of oil and gas producing Norway now faces negotiations with opposition…
Reuters Editorial
Read full article