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Norway Investments in Renewable Energy 'Could Change the World'

Norway Investments in Renewable Energy 'Could Change the World' | Sustain Our Earth | Scoop.it

Brandon Baker With more than $750 billion of holdings in its sovereign wealth fund, Norway is on the brink of potentially making renewable energy investments around the world.

Erna Solberg, who will be named Norway’s second female prime minister, has already heard proposals from her government to use sovereign wealth fund money to invest in sustainable companies and projects in developing countries, Climate News Network reported today. Leader of the conservative party, Solberg won the election in September.
She hasn’t publicly discussed the specific companies and projects the country might invest in, but there are already high hopes.
“If Norway actually does this, it will be an unprecedented shift in the global investment community and also for tangible action on climate change,” said Samantha Smith, head of the global climate and energy initiative at the World Wildlife Fund (WWF).
Financial analysts predict that other nations will follow Norway’s lead and also invest in renewable energy projects. Pension funds in Denmark and the Netherlands already support the renewables sector.

To read the full article, click on the title.

 

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Via Marc Kneepkens, Ursula Sola de Hinestrosa, Organic Social Media, GreenNess
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Marc Kneepkens's curator insight, October 15, 2013 4:01 PM

At least some countries have positive balances and know very well what to do with the extra money!

Organic Social Media's curator insight, October 18, 2013 9:58 AM

Brandon Baker With more than $750 billion of holdings in its sovereign wealth fund, Norway is on the brink of potentially making renewable energy investments around the world.

António Sousa Correia's curator insight, October 20, 2013 6:11 AM

An example to conscient and wealthy govenments...

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Why peak oil threatens the International Monetary System

Why peak oil threatens the International Monetary System | Sustain Our Earth | Scoop.it

The current incarnation of the International Monetary System, in which the USA enjoys the exorbitant privilege of borrowing practically for free, and is therefore able to pursue reckless fiscal policy with immunity from the adverse consequences that non-reserve currency issuing nations would experience by doing so, cannot continue indefinitely. Therefore, it will not continue indefinitely. How and when it will end is hard to say, especially considering the fact that it’s already persisted for 42 years after it stopped making sense. The system will continue to operate until some catalyst or trigger event brings about catastrophic change.

The next Peak Cheap Oil price spike is not the only possible catalyst to bring about a U.S. bond and currency crisis, but it’s the most likely candidate I’m aware of. I don’t believe that U.S. energy independence is possible, but if it were, the end of oil imports from the Middle East would also be the catalyst to end exorbitant privilege and bring about a U.S.bond and currency crisis. To summarize, the music hasn’t stopped quite yet, but when it does, this will end very, very badly. I’m pretty sure we’re on the last song, but I don’t know how long it has left to play.


Via Hans De Keulenaer
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Fool me twice, shame on me: The oil industry repackages the fake abundance story (from the late 1990s)

Fool me twice, shame on me: The oil industry repackages the fake abundance story (from the late 1990s) | Sustain Our Earth | Scoop.it

"Only the oil industry would now have the audacity once again to peddle a story that it has gotten wrong for more than a decade as if it were brand new. Enlisting the media and its army of paid consultants, the industry is once again telling the public that oil abundance is at hand. And, what is doubly audacious is that it is promoting this tale as oil prices hover at levels more than eight times the 1999 low. Clearly, the industry is counting on collective amnesia to shield it from ridicule."

 

Good analysis by Kurt Cobb on how the pusher (the oil industry) is keeping the junkie (the economy) hooked on its stuff by offering dreams and fantasies. 


Via Willy De Backer
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Big Oil's Big Lies About Alternative Energy

Big Oil's Big Lies About Alternative Energy | Sustain Our Earth | Scoop.it
As President Obama calls for greater investments in alternatives, the biggest energy companies are doubling down on riskier, more destructive oil sources

Via Willy De Backer
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Willy De Backer's curator insight, June 27, 2013 9:46 AM

That they lie is not the biggest problem - that political and business leaders believe them, that is the real tragedy. In the end, Big Oil will help kill Big Capitalism. And that's the irony.

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The new “Golden Age of Oil” that wasn’t

"In a sense, while the dreams of the boosters of these new forms of energy may thrill journalists and pundits, their reality could be expressed this way: extreme energy = extreme methods = extreme disasters = extreme opposition."

 

Michael Klare in the Energy Bulletin on the real facts behind the oil industry's hyping of extreme oil and gas myth.


Via Willy De Backer
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