The project — named Longship after the vessels built by the Vikings — will store CO2 captured from a cement plant in southern Norway and an incineration plant operating in Oslo. The greenhouse gas will be pumped down in a reservoir built undersea on the west coast of Norway specifically for this purpose.
Today, no Norwegians are buying diesel Golfs. Instead, 97% of new Golfs sold in Norway are electrics. The shift is so dramatic that Volkswagen no longer sells the Golf with a diesel engine in Norway.
Storebrand, a Norwegian asset manager, divested from miner Rio Tinto, as well as US oil giants ExxonMobil and Chevron, as part of a new climate policy targeting companies that use their political clout to block green policies.
According to a study conducted at a wind farm on the Norwegian archipelago of Smøla, changing the color of a single blade on a turbine from white to black resulted in a 70-percent drop in the number of bird deaths.
The world’s biggest wealth fund was built on Norway’s oil and gas production revenue. Now, the fund is taking a stand against global warming by excluding some of the world’s largest fossil fuel companies from its portfolio.
More than 20% of Norway’s CO2 emissions come from heavy-duty construction equipment, motivating the Oslo government to say all new, public buildings must be built with “fossil-free” construction machinery.
By 2040, the country intends all short-haul flights leaving its airports to be on aircraft powered by electricity.
Almost half of new cars sold in Norway in the first six months of 2019 were fully electric, up from just over 25% in the same period last year.
The Government Pension Fund Global, which was built off Norway’s oil revenues, will begin phasing out $8 billion held in 134 firms to reduce the fund’s risk from volatile oil prices.
In a historic vote, the majority of the Norwegian parliament agreed to ban their biofuel industry from buying palm oil and other dangerous biofuels that are linked to deforestation and harmful environmental practices.