Speaking in an interview with Bloomberg Television on Tuesday, Jensen said it’s important to focus on emissions but that the debate needs to be more nuanced to ensure that more efficient forms of fossil fuel production aren’t discontinued.
The richest Nordic nation has long argued that it’s unrealistic to think that oil will no longer be needed in the future. Norway is therefore making the case that it should be the last producer to stop drilling because its operations have some of the lowest emissions of greenhouse gases.
Jensen, who is part of a center-right coalition in the richest Nordic nation, said Norwegian oil and gas companies are more efficient than others in their production. Jensen also noted to the Norwegian currency, the krone, is no longer as correlated with the price of oil as it once was.