Progressive political agendas in Norway are always in the shadow of an enormous sovereign wealth fund got by extracting the stuff that has warmed the planet. [Not wishing to elevate ourselves here. I'm sure we would have exracted more if there was more on our side of the water.'
idk if this is the right way to think of it, but what would be the counterfactual value of that fund if there had been optimal extraction of the oil everywhere, and the ideal carbon tax applied back in the 70s?
Obvs we were not so sure about global warming then, and the oil market has been manipulated strategically by Saudi+OPEC, and US/Russia, on and off. But. I bet it the cf value would be a lot lower.
And if that were the case then one could argue that for climate justice reasons the gap between the cf value and the actual value should be given away to climate research/mitigation.
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