RE: https://mastodon.social/@kottke/116013120934445460
CONTEXT
the Government Pension Fund of Norway is the largest sovereign-wealth fund in the planet; investing over a real, EU trillion in businesses worldwide.
where did they get the money to start the fund? FROM SURPLUS PETROLEUM & FOSSIL FUEL REVENUES. Norway nationalized key sectors of their economy, starting with oil & gas.
so the Norwegian government uses oil & gas money to rid the country of #petromafia #consumerism thru investments not taxes.
take that, neoliberal capitalists.
Only 7 gasoline cars were sold in Norway last month. Seven! 98 diesel cars & 29 hybrids were also sold, but the rest were EVs. And this comes after Norway cut EV incentives. https://electrek.co/2026/02/03/even-after-cutting-ev-incentives-norway-only-sold-98-diesel-cars-in-january/