Norway should expect to be indicted by victims of climate change, says financial analyst. "It can be expensive for the oil country of Norway."
– We will see a huge increase in climate targets, and wealthy states with high fossil fuels will be particularly vulnerable, "says the financial analyst and former advisor to both the EU, the Norwegian government and the UN environmental program, Sony Kapoor to NRK
He operates the international think tank & has analyzed more than a thousand climate targeting globally in an unpublished report In his report he writes that Norway can also expect victims of climate change who go to laws for either a more ambitious climate policy or to cover costs for loss of income after extreme weather.
Any lawsuit, whether or not the plaintiff wins or not, will rethink both government and investors to put money into oil and invest in more sustainable industries, says Kapoor.
– It can be expensive for the oil field in Norway when investors flee and officers of justice ie winning in court he warns.
The government has not taken legal action.
– In our opinion there is no basis for such a process against the state. The government is pursuing an ambitious climate policy that meets national and international obligations, "said Minister of Foreign Affairs Atle Hamar of the Ministry of Climate and Environment
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