Environmental Values 30 (2):147-167 (2021)

Abstract
The Norwegian state-owned Petroleum Fund's market value is more than one trillion US dollars, and the Norwegian state has become one of the world's largest stockowners. The Fund was established in 1990 and in 2006 and renamed the 'Government Pension Fund Global', as savings for future generations. What kind of values form the basis for describing the Petroleum Fund in this way? This article shows that the idea that present generations should not empty the North Sea of oil and gas without saving something for future generations has been stable since the 1970s. However, over time, the understanding of how to save has changed. More specifically experts, bureaucrats and politicians have shifted their arguments during four phases: moderation in oil extraction ; introduction of the national wealth model ; a financial fund for the present and the future ; and increased income and new protests. These four periods show that over time the idea of weak sustainability and value commensurability have increasingly come to dominate the argumentation in public documents about the Petroleum Fund.
Keywords No keywords specified (fix it)
Categories (categorize this paper)
DOI 10.3197/096327120x15868540131305
Options
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

PhilArchive copy


Upload a copy of this paper     Check publisher's policy     Papers currently archived: 59,735
External links

Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library

References found in this work BETA

No references found.

Add more references

Citations of this work BETA

No citations found.

Add more citations

Similar books and articles

Political Representation of Future Generations.Danielle Zwarthoed - 2018 - In Marcus Düwell, Gerhard Bos & Naomi van Steenbergen (eds.), Towards the Ethics of a Green Future. The Theory and Practice of Human Rights for Future People. New York: Routledge. pp. 79-109.
Tournament Incentives and Pension Fund Manager Holdings of Socially Performing Stocks.Paul Cox - 2005 - Proceedings of the International Association for Business and Society 16:93-98.
Consumer Credit in Housing Common Accumulation Fund: Problems and Countermeasures.Bu-Ying Yuan - 1997 - Nankai University (Philosophy and Social Sciences) 4:66-72.
Concern for Future Generations: Some Perspectives.Sulagna Pal - 2015 - Tattva - Journal of Philosophy 7 (2):65-78.
The Theoria and Praxis of Obligations to Future Generations.Rex Charles Peebles - 2003 - Dissertation, The University of Texas at Austin

Analytics

Added to PP index
2020-05-30

Total views
12 ( #768,058 of 2,432,437 )

Recent downloads (6 months)
3 ( #214,198 of 2,432,437 )

How can I increase my downloads?

Downloads

My notes