Are there now grounds to start shutting down existing oil fields? Something like 20% of the government budget comes from oil revenue, and the entire pension system (to my understanding) comes from oil funds.
However, the key information here is neither side of that contradiction, but that Norway has found a very large deposit of Phosphorous. Until now, Marocco has the largest reserves (by so much it’s actually daunting, confusing really, how they didn’t end up like the Saudi Arabia of bird poop, which is essential for growing food, so a tad more essential than burning donuts).
Norway seem keen to leverage that the way they leveraged fossil fuels, so I’d expect that fund to grow bigger, faster, and without the discomfort of selling something that could, and most likely will, end up drowning Norwegian towns.