Norway’s Supreme Court approved the government’s plans for Arctic oil exploration on Dec. 22, dismissing a lawsuit by campaigners who claimed the scheme violated people’s right to a healthy environment.
The verdict upheld rulings made by two lower courts, rejecting arguments by Greenpeace and the Nature and Youth group that a 2015-2016 oil licensing round giving awards to Equinor and others had breached Norway’s constitution.
While the case was specifically about ten exploration licenses awarded four years ago, the environmental campaigners had hoped that their appeal would set a precedent limiting the oil industry’s Arctic expansion.
“The supreme court is rejecting the appeal,” Chief Justice Toril Marie Oeie said as she announced the verdict.
The Nature and Youth advocacy group criticized the outcome.
“This means today’s youth lacks fundamental legal protection from environmental damage jeopardizing our future... This is shocking and we are furious,” the NGO said in a tweet.
The oil and gas industry was not sunk, but 2020 did damage that will take time to assess before deeming it as salvageable or a wreck.
Several people involved in valuing the Exxon Permian Basin asset during an internal assessment in 2019 said employees were being forced to use unrealistic assumptions, according to a report from the Wall Street Journal.
Despite their rise across many sectors—including oil and gas—to simplify the connection between service providers and hiring firms, pre-qualifying company procedures have become too cumbersome, says CanQualify’s COO, Aaron Harker.