So much for the heroine of Kemi "All Our Oil And Gas" Badenoch. He would have had a job against the First and Second Lords of the Treasury who had introduced monetarism in December 1976, but if Labour had won the 1979 General Election, then Tony Benn was to have been the Minister responsible for putting the North Sea oil revenue into a sovereign wealth fund.
By that means, Norway has acquired many things, including the ability of its fund, the world's largest, to induce neither laughter nor yawning by its divestment, both from Caterpillar due to the use of that company's bulldozers in the Occupied Territories, and from five Israeli banking groups. Reactions are covering a wide range, but they all involve taking this with the utmost seriousness. That could have been Britain. It still could be. It still should be.
And Norway has never been in the EU. Once again, Benn was right, and Margaret Thatcher was wrong.
What do you think of Norway buying five Type 26 frigates?
ReplyDeleteI am very happy for the workers. Of course, you know the rest. But as things are, then even so.
DeleteWe import gas from Norway, literally from the same seabed.
ReplyDeleteBritish energy policy in a nutshell.
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