Tag Archives: Green Party

Win-win: Green Party’s ‘sustainability’ resolution gets narrow OK, Store Norske gets wide support in Parliament

winwin

The first verdict from Parliament: Pursuing environmentally sustainable industries in Svalbard in the future is a worthy goal, but so is allowing Store Norske to continue its coal mining operations for now.

Parliament begins debating Store Norske’s future; vote on support for coal mining expected Tuesday

sveamine

The likelihood of Store Norske’s survival and the extent to which it may need to pursue ventures other than coal mining will likely be revealed Tuesday night when Parliament is scheduled to cast its first vote related to an emergency bailout loan the company says is necessary to continue operating beyond June.

In addition, the Ministry of Trade, Industry and Fisheries may announce if it will recommend the loan to lawmakers as soon as Friday.