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Bloomberg: Oil-Rich Norway to Stress Test Its Finances Amid Climate Risk


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Bloomberg: Oil-Rich Norway to Stress Test Its Finances Amid Climate Risk

Business

Category: Business and Investment News

Norway, western Europe’s biggest oil and gas producer, plans to stress-test its public finances with different price scenarios to better understand risks related to climate change.

The government’s decision follows recommendations from an expert report last year on climate risk, and comes amid an intensifying public debate in the Nordic nation about the future of the petroleum industry that has made it one of the world’s richest countries.

Read entire article HERE.

Source: Bloomberg