Norwegian shares crash in market dive

Salmon, oil and Norwegian Air shares were among those battered on the Oslo Stock Exchange (OSE) Monday. OSE’s main index ended down 2.12 percent after oil prices fell and Norway’s currency weakened once again. It was a new rough start to the week after Norway’s economy and the OSE otherwise has recovered some of its […]

Great start to wild salmon fishing season

Norwegian rivers, swelled by record snowmelt, have already yielded some huge wild salmon and trout, and this year, Norwegian sportsfishers have the rivers to themselves. Foreigners willing and able to pay enormous prices to fish in privately owned rivers still aren’t allowed to enter Norway because of Corona virus containment measures. The season officially started […]

Government drops ‘salmon tax’ plan

Profitable salmon producers and other fish-farming operations won’t have to share more of their wealth with other Norwegians after all. A proposal to raise billions in new taxes tied to their use of waters in Norwegian fjords was dropped from the government’s revised state budget, and replaced witih a much less-taxing alternative. Debate had been […]

State won’t reel in fish-farming tax

A Norwegian professor hooked a new proposal this week to more heavily tax the country’s highly lucrative fish-farming operations. Norway’s conservative government and a majority in Parliament seem unlikely to reel it in but debate was flying, even before wealthy and indignant salmon producers dismissed higher taxes as “a Russian solution” fueled by envy. Quickly […]

More deadly algae found near Tromsø

Salmon producers in Northern Norway were bracing for more losses after dead fish were found this week in four fish farming facilities around Tromsø. Tests showed traces of a natural algae that kills the fish, but fishing authorities think the situation was under control. Salmon farming operations in Troms and Nordland counties were hit hard […]

Salmon producers don’t want bailout

When Norwegian farmers were hit by a drought last year, they quickly demanded financial aid from the government and got it, to the tune of around NOK 2.5 billion. Now another natural disaster has hit salmon farmers off the coast of Northern Norway, but they have no intention of asking for a taxpayer bailout. “That’s […]

Algae kills 10,000 tons of salmon

Salmon farmers in Northern Norway are in despair, following the natural but deadly blossoming of an algae that’s literally been choking their fish. Wild fish can swim away from the algae, but the salmon contained in offshore production facilities didn’t have a chance when the algae started descending upon them last week. Norway’s state directorate […]

Royals confronted again, now over oil

For the second time in as many weeks, members of Norway’s royal family have been confronted while abroad with what’s seen as the hypocrisy of Norwegian climate and environmental policy. Crown Prince Haakon was the latest to receive a plea for help, this time in a South Pacific island nation that’s threatened by the carbon […]

Royals confronted over salmon farms

King Harald and Queen Sonja experienced an unusual end to their six-day state visit to Chile over the weekend, when they were suddenly surrounded by angry demonstrators in the southern city of Punta Arenas. The royal couple took it in stride, with the monarch even claiming that it was a good example of Chile’s hard-won […]

Fisheries minister off to a rocky start

It’s only been little over a week since Harald Tom Nesvik took on the job as Norway’s new government minister in charge of the fishing industry. On Wednesday he felt compelled to ask the justice ministry to assess his impartiality regarding new guidelines for fish farming, after being publicly challenged over his previous job. Nesvik […]