IN THE 1970s and ’80s, North Sea oil was the key symbol of Scotland’s political impotence and lost economic sovereignty. In the future, renewable energy could occupy a similar place in our national psyche. Maybe it already does – or is beginning to. As the climate crisis intensifies – July was the hottest month ever recorded in human history – other small European countries are using the full powers of independence to navigate the challenges of environmental breakdown. Norway, as ever, is a case in point. In March, the Norwegian government announced that the country’s $1 trillion sovereign wealth fund, the largest of its kind anywhere on earth, was going to ditch investments in companies committed to major new fossil fuel extraction projects.
The National 25th Aug 2019 read more »