Oil and gas, mining
(Sky News, 14 September 2009) -- Norwegians have voted in a general election that could lead to oil drilling in the Arctic. The future for the country's lucrative oil industry has been one of the main issues in the run-up to election. The Arctic is one of the world's most pristine environments—home to some of the rarest animals, and it is hoped, untapped oil and gas reserves. The controversial issue of drilling in the region has been stalled by political deadlock in Norway for many years. Current Labour Party Prime Minister Jens Stoltenberg has given his backing to the project but his Coalition government is split over the issue. His opponents support it. Mr Stoltenberg said he was aware the election would be a tight race. Voters are also concerned about how Norway will spend the vast revenue accumulated from its oil and gas industry. There are currently $US80,000 per citizen saved from the sales of oil and gas.
Posted 14 September 2009; 9:27:16 AM. Permalink