Norway’s government has effectively become a war profiteer, we argued in a commentary in December. It is an opinion shared by a number of European politicians, and by European and Norwegian media. But rather than paying attention, Norway’s government is getting defensive.
The basic facts are not up for debate. After the outbreak of the Russo-Ukrainian War caused natural gas prices to rise sharply in Europe, Norway reaped windfall profits totaling some 108 billion euros ($113 billion), according