As climate breakdown gets worse, the corporations most responsible are looking for ways to continue profiting from ever increasing greenhouse gas emissions. Norway’s oil company Equinor is a classic example of this. The company plans to continue drilling oil – including in the Arctic – while investing in “natural climate solutions” to offset its emissions.
Norway is the world’s fifth largest oil exporter. As a result, Norway is a very rich country. At the same time, Norway cares about addressing climate change. Or, to be more honest, it wants to appear on the world stage as caring about climate change.
Norway’s plans to save the rainforests in the Congo are coming under scrutiny in the Norwegian media.
Norway launched REDD in Tanzania in 2008, with a promise to fund US$83 million over a five year period. But in a recent article in Development Today, Jens Friis Lund, Mathew Bukhi Mabele and Susanne Koch argue that Norway’s involvement in REDD in Tanzania “failed to produce models that work”.