33.8 C
Dubai
Tuesday, October 22, 2024
spot_img

The oil industry is in equilibrium when Norway votes | Election News

[ad_1]

The Norwegians voted in the parliamentary elections on Monday, and the “red and green” opposition looks to the future, which may affect the fate of the oil activities of the largest oil producer in Western Europe.

The polling station opens at 9 am (07:00 GMT), and the first estimate based on early voting will be announced at 9 p.m. (19:00 GMT) when the voting ends.

According to opinion polls, the center-right government led by the prime minister Erna Solberg, who has ruled the Nordic country for the past eight years, is showing a clear majority.

The leader of the Norwegian Labour Party, Jonas Gahr Store, a 61-year-old millionaire who opposes social inequality, seems likely to succeed her, but the alliance needed to pave the way for him to take office The exact form is still unclear.

The preferred allies of his party are the Agricultural Centre Party and the Socialist Left Party, but if they cannot get a majority on their own, they may rely on the support of the Green Party and/or the Communist Red Party, which may complicate negotiations.

According to the average opinion poll conducted by TV2 from August 2 to September 11 and announced on Sunday evening, Store’s preferred three-party coalition will get 85 seats out of 169 seats in parliament, giving it the smallest possible majority Seats.

The center-right is seen as having 67 authorizations, while the Red Party is expected to receive 9 and the Green Party 8 are expected.

“I feel good,” Stoker said when voting at a school in Oslo on Sunday, with voting in major cities starting a day earlier.

More than 1.6 million Norwegians (42.3% of voters) took advantage of early voting opportunities.

Overcome addiction

The Intergovernmental Panel on Climate Change (IPCC)’s “Code Red for Humanity” report released in August put this issue at the top of the election agenda and forced the country to reflect on the oil that makes it extremely rich.

This report inspires those who want to get rid of oil, either on the left or to a lesser extent, on the right.

The Green Party took the lead in calling for an immediate cessation of all oil exploration and setting the exploration period to 2035.

The ultimatum has been rejected by former Foreign Minister Stowe.

Labour Party Leader Jonas Gahr Store and Prime Minister and Conservative Party Leader Erna Solberg at a public meeting in Trondheim on September 2, 2021 [Gorm Kallestad/ NTB/via Reuters]

Like the Conservative Party, another major political force in the country, the Labour Party advocates a gradual withdrawal from oil.

The oil sector accounts for 14% of gross domestic product (GDP), 40% of exports and 160,000 direct jobs.

In addition, the cash cow helped this country with a population of 5.4 million accumulate the world’s largest sovereign wealth fund, which is now worth close to 12 trillion kronor (nearly 1.2 trillion euros or 1.4 trillion US dollars).

“The demand for oil is declining. This is happening by market forces. We don’t need to issue a decree… but to build a bridge for future activities,” Labor Party Energy Director Espen Bart Eide told AFP.

“We will continue to engage in oil activities, but we have to admit that the best oil year has passed,” he said.

Problematic Arctic exploration

Many observers believe that compromise will depend on the success of environmentally inclined parties and may involve cutting off certain waters for oil exploration, especially in the Arctic.

For the 33-year-old voter Camilla Larsson (Camilla Larsson), the next government should limit oil production to meet climate goals.

“It will affect taxes, it will affect the way of life in Norway, but… we have super privileges, in terms of climate and lifestyle, we have to pay something to get something,” she said.

After eight years in power, after experiencing multiple crises including immigration, falling oil prices and COVID-19, Solberg is likely to take the baton.

“If you think things are going well in Norway, please vote for the Conservative Party,” the 60-year-old said when voting in her hometown of Bergen on Monday.

When asked about her next agenda, the popular leader said that she was preparing to go home “empty [her] After seven weeks of campaigning and “washing clothes”.



[ad_2]

Source link

Related Articles

UK Autumn Budget Sparks Fuel Duty Debate: Motoring Groups Urge Caution to Prevent Inflation Resurgence!

UK government prepares for its upcoming Autumn Budget, concerns about inflation are mounting, particularly regarding a proposed rise in fuel duty.Motoring groups have raised...

UAE President Sheikh Mohamed bin Zayed Embarks on Landmark Visit to Russia: A New Era of Prosperous Bilateral Relations Awaits!”

UAE-Russia relations, UAE President Sheikh Mohamed bin Zayed Al Nahyan embarked on an official visit to Russia.This landmark visit comes at a time when...

ICREA Facilitates Landmark Partnership to Establish New School in Oman

ICREA is delighted to announce that we have successfully facilitated a strategic partnership between Amity Education, a leading UAE-based education operator, and an Investment...

Ratan Tata’s Passing Sends Shockwaves Across the Nation: India Grieves a Monumental Loss

Ratan Tata was not just an industrialist; he was a symbol of India’s rise on the global stage. His contributions to the Indian economy...

AI Revolutionizes B2B: Empowering Companies to Transform Operations and Drive Unstoppable Growth

AI and machine learning (ML) into business-to-business (B2B) operations is reshaping industries across the globe.Companies are increasingly leveraging these technologies to streamline processes, optimize...

Latest Articles