nytimes.com — Norway has amassed a fortune of more than $300 billion over the last decade...but rather than managing their monstrous nest egg simply for the best returns, the reluctant billionaires of Norway are using the money to advance an ambitious ethical code...last June, Norway added Wal-Mart Stores to its blacklist for child labor issues...
May 3, 2007 View in Crawl 4
krisdtMay 4, 2007
"the oil they produce is destined to pollute the earth and contribute to global warming"It's not like we're the once using so much oil. We transport things around our country mainly by electrically driven trains, and all the electricity in Norway is produced with renewable energy sources (in the summer at least). But, we use our own oil too. It's just that we don't use it ALL the time for EVERYTHING, like many counties do.
manamizerMay 4, 2007
Actually they aren't doing anything. After the initial underwriting the company isn't making money from shareholders, shareholders are making it from the company. Even if Wal-mart were to issue more shares, they will still sell them to other parties and lose nothing. If the billionaires owned companies that were major suppliers to Wal-mart that might affect them in a small way. At most this is a small amount of bad press for Wal-mart, which isn't anything they haven't gotten used to dealing with.
ithinkicanMay 5, 2007
?I?m not sure the Norway government understands the power of being one of the largest investors in the world,? he said. Oh, I think they do!!!
funkywoodMay 6, 2007
Err. Its the fat bastards who wastefully consume it that are the problem not the producers. You can't blame Norway for producing oil anymore than you can blame Hersheys for making Americans fat.
krillelMay 6, 2007
@justinmt7 They wont need them as they are replacing the F-16 with the Swedish JAS 39 Gripen ;)
snakeman01Aug 8, 2007
yes they were bragging about it at <a class="user" href="http://www.norwayattractions.net/.">http://www.norwayattractions.net/.</a> However, rightfully so I suppose.
int19hAug 9, 2008
Gasoline is cheep in Norway compared to income.
int19hAug 9, 2008
Your guess is wrong. And how do you explain the other nordic countries?