The publicly held and managed wealth generated by Norway’s taxation of oil and gas extraction now equates to one million Crowns (about $162,000 USD) per capita. Norwegian law only allows the government to draw minimally from this fund every year.
“Everyone in Norway became a theoretical crown millionaire on Wednesday in a milestone for the world's biggest sovereign wealth fund that has ballooned thanks to high oil and gas prices,” reports Alister Doyle.
“Not that Norwegians will be able to access or spend the money, squirreled away for a rainy day for them and future generations. Norway has resisted the temptation to splurge all the windfall since striking oil in the North Sea in 1969.”
"'The fund is a success in the sense that parliament has managed to put aside money for the future. There are many examples of countries that have not managed that,’ said Oeystein Doerum, chief economist at DNB Markets.”
FULL STORY: All Norwegians become crown millionaires, in oil saving landmark
Native American Communities Prepare to Lead on Environmental Stewardship
In the face of federal threats to public lands and conservation efforts, indigenous groups continue to model nature-centered conservation efforts.
Norway’s EV Boom Could Entrench Car Dependency
The Scandinavian country is a pioneer when it comes to EV adoption, but there are downsides.
Misuse of Environmental Laws Betrays Their Intent
How laws written to protect natural resources and biodiversity are being reinterpreted by NIMBY groups to block development.
Maui's Vacation Rental Debate Turns Ugly
Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
In Urban Planning, AI Prompting Could be the New Design Thinking
Creativity has long been key to great urban design. What if we see AI as our new creative partner?
King County Supportive Housing Program Offers Hope for Unhoused Residents
The county is taking a ‘Housing First’ approach that prioritizes getting people into housing, then offering wraparound supportive services.
Researchers Use AI to Get Clearer Picture of US Housing
Analysts are using artificial intelligence to supercharge their research by allowing them to comb through data faster. Though these AI tools can be error prone, they save time and housing researchers are optimistic about the future.
Making Shared Micromobility More Inclusive
Cities and shared mobility system operators can do more to include people with disabilities in planning and operations, per a new report.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
planning NEXT
Appalachian Highlands Housing Partners
Mpact (founded as Rail~Volution)
City of Camden Redevelopment Agency
City of Astoria
City of Portland
City of Laramie