Former oil fund CEO says expectations for renewables are too high

Yngve Slyngstad says new technologies need to fall into place before the old energy sources can be phased out.

Yngve Slyngstad, former CEO of the oil fund. | Photo: HEIKO JUNGE

by lars heltne, translated by catherine brett

The former CEO of Norges Bank Investment Management (NBIM), the oil fund, Yngve Slyngstad, thinks the transition away from oil and gas to renewable energy sources may take longer than expected, and encourages investments in energy transmission.

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