Do More With Reuters
Partner Services

INTERVIEW-Norway says high oil price good for renewables

Thu Jun 12, 2008 4:55pm IST
 
Email | Print | | Single Page
[-] Text [+]

OSLO, June 12 (Reuters) - Present high oil prices make life difficult in poorer countries but at the same time also help fuel development of renewable energy sources, Norway's Energy and Petroleum Minister Aaslaug Haga told Reuters on Thursday.

"There are several dilemmas regarding the high oil price," Haga said in an interview. "It makes it difficult for the poor countries. At the same time renewable energy will be developed faster, which is good."

Norway is the world's fifth largest exporter of oil and the second biggest supplier of natural gas to Europe. (Reporting by Camilla Bergsli)

  Smoke and fire billows out of the Taj Hotel in Mumbai November 27, 2008.   REUTERS/Jayanta Shaw
One Year Later

A look back at the events of 26/11 ahead of the first anniversary of the militant attacks in Mumbai that killed 166 people.  Slideshow | Full Coverage 

Thierry Henry's handball scandal

Barcelona's Thierry Henry takes part in a training session at Nou Camp Stadium in Barcelona, November 23, 2009. Barcelona and Inter Milan will play their soccer Champions League match on Tuesday. REUTERS/Albert Gea
FIFA to hold meeting

FIFA to hold an extraordinary meeting before World Cup draw to discuss Thierry Henry's handball in the qualifiers and discovery of match-fixing ring by German police.  Full Article