Climate lawsuit against Norway's Arctic drilling starts in court

"It would stop all future oil licenses awarded off Norway and would imperil hundreds of thousands of jobs", he said, adding that the case is based on an expansive and political interpretation of the constitution's article 112.

"This is a type of constitutional activism we have not seen before and that is different from our legal tradition in Norway", Attorney General Fredrik Sejersted, representing the state, told the court in his opening statement.

The organisations claim their lawsuit was the first to be filed against a state for violating the agreements signed at the COP21 climate change conference in Paris in December 2015, which came into force in November past year.

Environmentalist organizations took the Norwegian government to court over the awarding of oil drilling licenses in the Arctic, and argued on the first day of hearings on Tuesday that the 2015 licenses should be withdrawn as they violate Norway's constitution and the country's pledge to fulfill the terms of the Paris Climate Agreement.

They claimed that this is the first case that challenges new oil and gas drillings on the basis of the Paris agreement, and it is also the first time that Article 112 of the Norwegian Constitution will be tested in court, hoping that the lawsuit "could set an worldwide precedent".

Norway's oil revenues are dwindling, with crude oil production now half what it was in 2001.

The license recipients included Norway's state-owned Statoil, the U.S. giants Chevron and ConocoPhillips, Germany's DEA, Russia's Lukoil, Sweden's Lundin, Japan's Idemitsu and OMV of Austria.

The NGOs are now calling for the concessions to be cancelled because of the environmental risks. Ole Berthelsen, spokesman for Norway's Petroleum Minister, has said that the validity of the licenses could not be "attacked on this basis", referring to the unconstitutional claim.

Three of the license zones are close to Norway's largely non-prospected maritime border with Russian Federation. It aims to end sales of new cars equipped with only combustion engines by 2025.

Its decades of oil extraction has enabled it to build up a sovereign fund worth around $1 trillion (858 billion euros).

Of the blocs the oil and energy ministry put on offer, 93 are located in the Barents Sea and nine others in the Norwegian Sea, also above the Arctic circle.

The Paris agreement seeks to limit average global warming caused by greenhouse gases from fossil-fuel burning to under 2C (3.6F) over pre-industrial levels, and to 1.5C if possible.

The Barents Sea lies north of Norway and its harbors are sometimes ice-free because of warmer Gulf Stream waters from the North Atlantic.

The case is being watched closely around the world.

University of Oslo law professor Ole Kristian Fauchald told Norwegian NRK public broadcasting the case was being watched from overseas. "So there's a lot at stake".

"We argue that these licenses are not allowed under the law as per the Constitution", Cathrine Hambro, representing the plaintiffs, told the court in her opening argument of a case likely to last two weeks.

Like this



12 April 2018
New Jersey Looking Towards Sports Betting
New Jersey has demonstrated recently that financial returns from legalising gambling, in particular online gambling can be huge . As of April 2018 New Jersey have spent a massive $7.2M dollars in the fight to legalise sports betting within the state borders.

29 March 2018
Max Polyakov: The Knowledge Economy and its Opportunities for Businesses
Knowledge should be the fundamental aspect of any production process, as well as it should be used in every technological process. Furthermore, the USA accounts for more than a quarter of the world economy (24.8%); the cash equivalent is about 18 trillion USD.

15 November 2017
Ycg LLC Cuts Holdings in Becton, Dickinson and Company (BDX)
Looking at some alternate time periods, the 12 month price index is 0.84938, the 24 month is 0.83161, and the 36 month is 0.99188. After $2.40 actual EPS reported by Becton Dickinson and Co for the previous quarter, Wall Street now forecasts 2.08% EPS growth.

15 November 2017
Aviva to buy Irish insurer in £116m deal
Aviva International Insurance chief executive Maurice Tulloch says: "Friends First is a natural fit for Aviva Ireland". Aviva provides life insurance, general insurance, health insurance and asset management to 33 million customers.

15 November 2017
Jason Momoa & Wife Lisa Bonet Couple Up for 'Justice League' Premiere
The Game Of Thrones star spoke about his legacy, saying 'I want to be remembered as, I hope, an unbelievable husband and a great father'.

15 November 2017
Behold, Your First Look At Khloé Kardashian's Baby Bump
The star is also yet to confirm or deny the speculation that she is expecting her first child with boyfriend Tristan Thompson . You can mix and match colors (I'm obsessed with the burgundy!)'.

15 November 2017
Inc (GCI) Stake Up in Latest Report from Dimensional Fund Advisors Lp
BidaskClub upgraded shares of Gannett Co. from a "hold" rating to a "buy" rating in a research note on Tuesday, August 1st. The difference between the expected and actual EPS was $0.09/share, which represents an Earnings surprise of 112.5%.

15 November 2017
Jason Aldean Initially Thought the Las Vegas Shooting Was a Blown Speaker
Country music stars gathered at the Bridgestone Arena in Nashville, Tennessee, on Sunday for a benefit concert, raising more than $4 million for victims of the Las Vegas shooting and people affected by recent hurricanes.

15 November 2017
NZ house prices rise 3.3 percent annually in October
Ms Norwell says prices may remain unsettled due to a lack of clarity about how new Government's policies will affect the housing market.

15 November 2017
General Motors Company (GM) CAO Sells 44791 Shares of Stock
The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations. Zacks Investment Research raised shares of Ford Motor from a "sell" rating to a "hold" rating in a report on Monday, July 31st.