Bear in mind that decision is practical rather than ideological - they're hedging their dependence on the fossil fuel industry.

Yes, but it's based on oil, which is contributing to climate change..and not 100% is not used for renewable energy, so it's a net negative.

It's strange to me that people aren't protesting and complaining about this fund, when it's a big issue for future.

Oil isn't going anywhere soon, this is the least evil thing you can do and we should do so with all oil money.

So I'm supposed to believe that a certain party in the US wants to rip out all of our infrastructure reliant on oil and completely replace it with something new..because fossil fuels will destroy the world in 10 years.

Yet Norway, which is pumping out said oil and making billions of dollars in the process, is perfectly okay because they are using a fraction of it for renewable energy research?

Climate change has nothing to do with science and everything to do with politics if this is the case.

I don't think anybody says "Norway pumping all that oil is good, US pumping all that oil is bad".

What people are saying "Norway use of limited resource exploitation proceeds is good, every other government sucks at it even when not outright corrupt".

What is admired here is prudent fiscal management, a government that is apparently not corrupt and not sold out to corporate interests, and just a rare example of whole country looking further than their own nose.

You can object to the source of the money but you can't object to the way they use it.

So because Norway is a bastion of liberal policies, they get a free pass when it comes to climate change?

This is why I know it has nothing to do with science or actually solving the problem.

Would you please stop using HN primarily for ideological battle? We ban accounts that do that, regardless of which flavor they favor.

https://news.ycombinator.com/newsguidelines.html

Did they divest the fund of all monies that ultimately originated with oil or did they just switch some of their foreign investments? Because if they went ahead and kept all that money, this is the classic "I've got mine" theory of economics.