6 votes

As the money pours in, Europe's second-biggest natural gas supplier Norway is fending off accusations that it's profiting from the war in Ukraine

Posted by mycketforvirrad
Tags: energy, norway, fuels.fossil, oil and gas, prices, profits, 2022 russian invasion of ukraine, profiteering, europe, russia, banks.central, funds.sovereign wealth, norges bank, author.mark lewis, source.associated press
https://apnews.com/article/russia-ukraine-climate-and-environment-government-politics-f4de4a834ae7344b2ae7ee8672f1e3e8

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Title
War surges Norway's oil, gas profit. Now, it's urged to help
Published
May 28 2022
Word count
975 words

3 comments

  1. [3]
    skybrian
    Link
    If they're ready and willing to help, why shouldn't they profit from it? Better Norway than Russia.

    If they're ready and willing to help, why shouldn't they profit from it? Better Norway than Russia.

    6 votes
    1. [2]
      babypuncher
      Link Parent
      "Profiting" is fine. "Price gouging" is a problem

      "Profiting" is fine. "Price gouging" is a problem

      1 vote
      1. Octofox
        Link Parent
        Price gouging isn’t a very well defined thing. It’s primarily referring to essential survival goods seeing a huge spike in price immediately after a disaster despite no changes in supply. The term...

        Price gouging isn’t a very well defined thing. It’s primarily referring to essential survival goods seeing a huge spike in price immediately after a disaster despite no changes in supply.

        The term makes less sense for longer term situations where supply has been effected.

        4 votes