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)

special coverage

Budget 2009
Budget 2009

The government presents the budget for the full fiscal year 2009/10 on July 6.  Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SHOWCASE

Photo
Is the budget over-rated for personal finance?

Expectations are high given the outcome in the general elections.  Commentary 

 
Nilekani: Infosys' loss or govt’s gain?
Nilekani: Infosys' loss or govt’s gain?

Nandan Nilekani has resigned from the Infosys board to join the government.  Commentary | Slideshow 

 
Launched

Tata Motors announced the launch of Jaguar and Land Rover vehicles in India.  Slideshow | Video 

 
Satyam
The new Satyam

Stay updated with the developments at Satyam.  Full Coverage 

 
M&A Review
M&A Review

A review of mergers and acquisitions.  Full Coverage 

 
Financial Turmoil Timeline
Financial Turmoil Timeline

A round-up of measures taken by the U.S Federal Reserve since June 2007 to tackle the financial crisis.  Full Coverage