Our movement has been inspired by the permanent funds of Norway and Alaska. In a norwegian article titled “With Oil Fund as a model“, Kenneth Bo Nielsen describes the Goenchi Mati proposal, and considers whether there are aspects for Norway to learn from. The Norwegian newpaper, Bergens Tidende, has published the article.
Tag: Norway
UK loss of North Sea Oil
UK & Norway largely share the North Sea Oil. While similar amounts were extracted, UK received some GBP400 billion less than Norway. “Given political stability and competent institutions, a state can have both a relatively high tax burden on its industry and direct ownership of assets, and deliver more revenue for its citizens and still attract investment” – this is the lesson that …