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Europe’s Biggest Oil Producer Considers New Petroleum-Tax System Based on ‘Climate Risk’

(Bloomberg) — What is 47 Bbbl in oil and gas really worth in an age where renewable sources are increasingly filling the world’s energy needs? That’s what Norway, western Europe’s biggest oil and gas producer, is asking itself as it prepares to take a hard look at the risks climate change poses to its economy and its petroleum resources even as it moves exploration and production farther into the Arctic…

Source: Europe’s biggest oil producer considers new petroleum-tax system based on ‘climate risk’

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