Unlike in Canada, where oil and decarbonization are pitted against each other, Norway believes that, as long as people buy oil, it will produce and export it. However, at the same time, Norway is modernizing its territory. It's electrifying transportation and heating systems for buildings. It's also doing much more secondary processing in the aluminum sector, for example. This means that Norway is much more productive per gigajoule used in the aluminum sector. It doesn't just produce aluminum ingots. It transforms them into car parts, which have a higher added value.
A number of aspects are interconnected. However, first and foremost, we need to modernize our economy and our technologies. The electrification must go hand in hand with our oil exports, as long as markets remain available.
I think that this is reasonable. The idea is to avoid giving out subsidies. If private players want to invest in producing and exporting oil, let them. At the same time, Canada must develop and support a massive electrification of energy use.
