this post was submitted on 24 Jan 2025

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TIL. Norway taxes oil companies 78% and we only take 5% royalties. (lemmy.nz)

submitted 11 months ago by BalpeenHammer@lemmy.nz to c/newzealand@lemmy.nz

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That's why they are rich and we are poor I guess.

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[–] TagMeInSkipIGotThis@lemmy.nz 0 points 11 months ago (3 children)

If I understand the argument is that we have no expertise in finding and extracting it, so we have to offer bigger concessions to get anybody to do it.

Which sounds like the wrong solution to the problem, but what would I know?

[–] dragonfucker@lemmy.nz -1 points 11 months ago (1 children)

Maybe nobody should extract it.

[–] SkunkWorkz@lemmy.world 0 points 11 months ago (1 children)

Yeah but then car no go brrrrrr

[–] dragonfucker@lemmy.nz -1 points 11 months ago

Good. Car is noisy and annoying.

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