OSLO: Jonas Gah Store guided left-wing opposition Labour Party to a landslide win in Norway’s general election based on a campaign focusing on the future of the country’s oil industry. Jonas defeated a coalition of center-right headed by Conservative Prime Minister Erna Solberg, who had been in power for the last eight years.
According to projections by the Directorate of Elections Labour along with four center-left parties could form a coalition and get the combined majority of 100 seats, right now Labour has 81 seats, this is based on the counting of 97.5 percent of votes.
To form a majority in the Norweigan parliament, parties need to get at least 85 seats out of a total of 169 seats.
“Norway has sent a clear signal: the election shows that the Norwegian people want a fairer society,” said Nina Solberg who campaigned against social inequalities. “I want to congratulate Jonas Gahr Store, who now seems to have a clear majority for a change of government,” 60-year-old Solberg said in her concession speech.
Norway is western Europe’s biggest gas and oil producer, it exports most of its oil to other countries and itself relies on alternative sources of energy. August’s report on Climate change from the Intergovernmental Panel pushed Norway’s position as a gas and oil producer to the top agenda of elections this year.
Jonas store advocated for a gradual transition from an oil-based economy, and the Greens pushed for an instant end to oil exploration activities. The conservatives pressed on moving from fossil fuels which played a major role in making Norway healthy.
The oil sector in Norway makes up 14% of GDP, 40 % of exports, and employs 160,000 people. Oil has made Norway amass the world’s biggest sovereign wealth fund that has a current valuation of approximately $1.4 trillion.
Jonas Store has also promised to cut down tax rates for low and middle-income populations and increase them for the rich population to fight disparity. To form a viable cabinet, Store might need to persuade potential center-left partners to compromise on policies ranging from oil and private ownership to Norway’s relations with the European Union.