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Government

Norwegian Government Proposes Overhaul of Petroleum Tax System

Category: Business News

OSLO, Aug 31 (Reuters) – Norway’s government has proposed overhauling taxation of its oil and gas firmsby scrapping some incentives, it said in a surprise announcement on Tuesday, further heating up a pre-election debate over the future of the country’s top industry. If passed by parliament, the proposals would remove deductions that some economists say […]

Source: Reuters


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Banks’ Hidden ESG Risks Exposed in Norway Wealth-Fund Review

Category: Business News

OSLO, Aug 20 (Reuters) – Norway’s $1.4 trillion sovereign wealth fund, the world’s largest, should push firms it invests in to eventually cut their greenhouse gas emissions to nil by 2050, in line with the Paris Agreement, a government-appointed commission said on Friday. Climate risk should also be made a part of the mandate of […]

Source: Bloomberg


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Norway to Speed Up COVID-19 Vaccination

Category: Business News

OSLO, Aug 13 (Reuters) – Norway will get access to one million additional doses of COVID-19 vaccines in the coming weeks, allowing the country to speed up its immunisation programme, the government said on Friday. “With this delivery, adults above the age of 18 will be able to complete their vaccination during the first two […]

Source: Reuters


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Senate Passes $1T Bipartisan Infrastructure Bill in Major Victory for Biden

Category: Business News

The Senate on Tuesday passed a roughly $1 trillion bipartisan infrastructure deal, a significant win for President Biden and the first step on his top legislative priority. Senators voted 69-30 on the bill, which was spearheaded by a bipartisan group of senators led by Sens. Kyrsten Sinema (D-Ariz.) and Rob Portman (R-Ohio). Nineteen GOP senators voted with all Democrats to pass the […]

Source: The Hill


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Biden Administration Announces Nearly $5 Billion in Resilience Funding to Help Communities Prepare for Extreme Weather and Climate-Related Disasters

Category: Business News

Today, the Federal Emergency Management Agency (FEMA) is announcing three pre-disaster funding opportunities to help states and communities prepare for major disasters that are costing lives and livelihoods and devastating local communities and businesses. These programs will allow communities to apply for nearly $5 billion to increase their preparedness in advance of climate-related extreme weather […]

Source: The White House


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