Former Norwegian finance minister discusses her country’s approach to reconciling oil and sustainability

June 1, 2015

OTTAWA, June 1, 2015 — Member of the media are invited to attend a keynote address by Kristen Halvorsen, former Norwegian finance minister and current director of the Center for International Climate and Environmental Research Oslo (CICERO). Ms. Halvorsen will draw on her experience to discuss how imposing a high carbon tax on oil producers need not harm oil production, but can increase the competitiveness of the oil and gas industry by encouraging clean innovation.

WHAT: Keynote address by former Norwegian finance minister and current CICERO director

WHEN: Wednesday, June 3, from 4 p.m. to 5 p.m.

WHERE: University of Ottawa, Desmarais Building, Room 12102 (55 Laurier Avenue East | map)

As a major oil-producing, developed, northern nation, Norway has experience with reconciling oil and sustainability that is highly relevant for Canada — and especially oil producing provinces. 

The Norwegian experience also shows that putting public oil revenues into a future trust fund has many benefits, including providing economic stability, reducing currency inflation and sharing this one-time wealth with future generations.

Ms. Halvorsen will reflect on how the management of heritage funds can be improved to support climate friendly investments, a subject of current debate in Norway.


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