The other side of this being that we want oil to be drilled in the jurisdictions with the best environmental protections. Grading aside, a barrel of oil from Alberta, Texas, Niger, Venezuela, or Norway all carry different environmental costs.
In that regard, I think Norway not drilling may be a net loss for the environment since they have some of the better protections. It may even be a net global loss, even if it means a localized win.
In that regard, I think Norway not drilling may be a net loss for the environment since they have some of the better protections. It may even be a net global loss, even if it means a localized win.