Gas is also highly taxed, third highest prices in the world: https://www.globalpetrolprices.com/gasoline_prices/
They let poor countries burn the oil, and use the money to pay for electric cars.
Re:Norweigan oil fund
by kwhitefoot on Thursday August 01, 2019 @11:20AM
(#20584587)
True but other countries also let poor countries burn the oil and do nothing useful with the money.
Some invest it themselves into real estate, both in their own country (like highest towers, most fancy hotel, palm tree shaped islands) and abroad (skyscrapers and office buildings in various financial structures).
They're really setting themselves up for them and their future generations to remain rich and comfortable for the forseeable future even when oil dries up or demand goes down.
https://elbil.no/english/norwegian-ev-policy/