How is the country reconciling oil and gas production, economic prosperity and its low-carbon objectives? And where will the energy transition take the country in the future? Balancing Act To answer these questions, CWF hosted a webinar with Norway’s Ambassador Norway’s approach to to Canada, Jon Elvedal Fredriksen and Asgeir oil and gas production and Tomasgard, Director of the Energy Transition. [...] He has in Managerial Economics and previously held the roles of diplomatic Optimisation at the Norwegian advisor to the Prime Minister of Norway, University of Science and Technology Norway’s Ambassador to Ukraine and (NTNU) and the Director of the NTNU Consul General of Norway in Murmansk, Energy Transition Initiative. [...] There are also multiple government backbone of the country, with oil and gas representing programs to incentivize and assist in the research almost two-thirds of all exports from the country and and creation of projects in carbon capture, hydrogen responsible for a third of the GDP and almost 50% of production and renewable energy. [...] and dividends), but they also understand the political The government has created of a range of agencies – signals and work with the government and other parts such as ENOVA and Innovation Norway – to support of the Norwegian economy. [...] What is the future of oil and gas in Norway? As mentioned above, the government’s plan is not to What are some of the challenge areas? abruptly end oil and gas extraction, but to continue responsible extraction of oil and gas while also facilitating (26:09) the removal of emissions from the production process.
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