natgillin/translations-raw huggingface dataset:
The US, China and the rest of us are intertwined in a win-win-relationship.
The US, China and the rest of us are intertwined in a win-win-relationship.
We are not heading towards a new world order.
We are not heading towards a new world order.
The key question is not whether the relative power of different states is constant, but whether new and old actors alike follow the rules of the game and enter into established frameworks of cooperation.
The key question is not whether the relative power of different states is constant, but whether new and old actors alike follow the rules of the game and enter into established frameworks of cooperation.
We have to make sure that emerging powers find their place in the existing world order, rather than creating a new one.
We have to make sure that emerging powers find their place in the existing world order, rather than creating a new one.
The world economy survived the crisis in 2008 because leaders resisted the temptation to resort to protectionism and nationalism.
The world economy survived the crisis in 2008 because leaders resisted the temptation to resort to protectionism and nationalism.
They stuck to the rules and kept trading.
They stuck to the rules and kept trading.
The prosperity of nations is best served by agreed rules, trade agreements and predictable investment climates.
The prosperity of nations is best served by agreed rules, trade agreements and predictable investment climates.
Energy markets are no exception.
Energy markets are no exception.
That is why the Norwegian Government wants our oil and gas companies to operate within predictable legal frameworks, and to base their investments on commercial calculations.
That is why the Norwegian Government wants our oil and gas companies to operate within predictable legal frameworks, and to base their investments on commercial calculations.
There are several examples of how energy production can be impeded by unstable conditions, undue state interference, poor governance and conflict.
There are several examples of how energy production can be impeded by unstable conditions, undue state interference, poor governance and conflict.
The massive increase in energy demand, especially in East Asia, India and the Middle East, will compel nations to find new ways of cooperating.
The massive increase in energy demand, especially in East Asia, India and the Middle East, will compel nations to find new ways of cooperating.
China’s energy requirements will affect its future foreign policy decisions.
China’s energy requirements will affect its future foreign policy decisions.
Beijing needs a stable international system to protect its energy imports, just as it needs stability in in the East China and South China Seas to protect its trade interests.
Beijing needs a stable international system to protect its energy imports, just as it needs stability in in the East China and South China Seas to protect its trade interests.
The core interests of all states in East Asia should mean that territorial disputes are resolved through dialogue and in accordance with international law, including the law of the sea.
The core interests of all states in East Asia should mean that territorial disputes are resolved through dialogue and in accordance with international law, including the law of the sea.
Some speculate that the current crisis in Europe may accelerate Russia’s plans to build pipelines eastwards.
Some speculate that the current crisis in Europe may accelerate Russia’s plans to build pipelines eastwards.
Such projects will still take a long time to complete, and will not necessarily lead to a fundamental reduction of Russia’s interest in the European markets.
Such projects will still take a long time to complete, and will not necessarily lead to a fundamental reduction of Russia’s interest in the European markets.
As power is shifting towards the east and south, geopolitical eyes are also looking north.
As power is shifting towards the east and south, geopolitical eyes are also looking north.
It is estimated that around 20 % of the world’s undiscovered global petroleum resources are to be found in the Arctic.
It is estimated that around 20 % of the world’s undiscovered global petroleum resources are to be found in the Arctic.
New transportation routes like the North Eastern Passage are gradually being opened.
New transportation routes like the North Eastern Passage are gradually being opened.
The High North is characterised by low tension, and we must ensure that it remains a region of peaceful cooperation and respect for international law, with actors using a win-win-perspective when formulating strategies.
The High North is characterised by low tension, and we must ensure that it remains a region of peaceful cooperation and respect for international law, with actors using a win-win-perspective when formulating strategies.
All future production and transport of energy in the region must be carried out according to the strictest safety and environmental standards.
All future production and transport of energy in the region must be carried out according to the strictest safety and environmental standards.
When they became observers in the Arctic Council, China, India, Japan, South Korea and Singapore agreed to the rules of the game in the High North – including the law of the sea and the rights of Arctic coastal states.
When they became observers in the Arctic Council, China, India, Japan, South Korea and Singapore agreed to the rules of the game in the High North – including the law of the sea and the rights of Arctic coastal states.
You may have read press reports about a “Race to the North” or a “Scramble for Resources”.
You may have read press reports about a “Race to the North” or a “Scramble for Resources”.
Many of you will know that this is misleading.
Many of you will know that this is misleading.
There is international consensus that the United Nations Convention on the Law of the Sea (UNCLOS) applies to the Arctic Ocean.
There is international consensus that the United Nations Convention on the Law of the Sea (UNCLOS) applies to the Arctic Ocean.
The coastal States bordering the Arctic Ocean – Denmark, the US, Russia, Canada and Norway – all agree on this.
The coastal States bordering the Arctic Ocean – Denmark, the US, Russia, Canada and Norway – all agree on this.
They remain committed to this legal framework and to the orderly settlement of any possible overlapping claims.
They remain committed to this legal framework and to the orderly settlement of any possible overlapping claims.
Most of the natural resources in the High North are uncontested.
Most of the natural resources in the High North are uncontested.
On the Norwegian continental shelf, international companies can compete for licences on equal terms, as they can in the North Sea.
On the Norwegian continental shelf, international companies can compete for licences on equal terms, as they can in the North Sea.
Of course there is competition among companies.
Of course there is competition among companies.
That is the way the market economy works.
That is the way the market economy works.
The Arctic Council provides the political framework needed for dealing with challenges in the north.
The Arctic Council provides the political framework needed for dealing with challenges in the north.
Nowhere on the planet are the effects of climate change more visible than in the Arctic.
Nowhere on the planet are the effects of climate change more visible than in the Arctic.
More attention should be given to the geopolitical consequences of climate change.
More attention should be given to the geopolitical consequences of climate change.
A four degree scenario will lead to population movement, more droughts and less growth.
A four degree scenario will lead to population movement, more droughts and less growth.
Even given a two degree scenario there will be consequences.
Even given a two degree scenario there will be consequences.
As Secretary Kerry recently commented: «The solution to climate change is energy policy.»
As Secretary Kerry recently commented: «The solution to climate change is energy policy.»
There is no contradiction between being a major energy producer and at the same time fighting climate change.
There is no contradiction between being a major energy producer and at the same time fighting climate change.
Norway has a proven track record of developing the necessary technological solutions.
Norway has a proven track record of developing the necessary technological solutions.
No other factor than climate change demonstrates more clearly the interests that energy producers and consumers share.
No other factor than climate change demonstrates more clearly the interests that energy producers and consumers share.
We will all benefit from a new, ambitious climate agreement that applies to all countries, and from progress on developing renewable and clean forms of energy.
We will all benefit from a new, ambitious climate agreement that applies to all countries, and from progress on developing renewable and clean forms of energy.
Changes to the global energy landscape will not change our basic approach.
Changes to the global energy landscape will not change our basic approach.
My Government will continue to be a stable supplier of energy, and to provide a predictable framework that offers companies incentives to increase their production.
My Government will continue to be a stable supplier of energy, and to provide a predictable framework that offers companies incentives to increase their production.
I wish you all fruitful discussions on the geopolitics of energy.
I wish you all fruitful discussions on the geopolitics of energy.
The Geopolitics of Energy.
The Geopolitics of Energy.
A Norwegian Perspective
A Norwegian Perspective
New York, 15 June 2009
New York, 15. juni 2009
"The core of corporate social responsibility is about respecting basic human rights, providing decent working conditions, protecting the environment – our common future", Foreign Minister Støre said in a speech in New York 15 June 2009.
Utenriksminister Støres tale 15. juni i New York ved et frokostmøte som var arrangert av Generalkonsulatet og the Norwegian-American Chamber of Commerce og DnB NOR Bank.
Breakfast meeting hosted by the Norwegian Consulate General, the Norwegian-American Chamber of Commerce and DnB NOR Bank
Breakfast meeting hosted by the Norwegian Consulate General, the Norwegian-American Chamber of Commerce and DnB NOR Bank
The Minister’s address was based on the following points
The Minister’s address was based on the following points
(check against delivery).
(check against delivery).
- Introduction: New York – the world’s centre of business and finance.
- Introduction: New York – the world’s centre of business and finance.
Norwegian business – long traditions of presence in New York (shipping industry, Norwegian sailors, etc.).
Norwegian business – long traditions of presence in New York (shipping industry, Norwegian sailors, etc.).
A quarter of the Norwegian pension fund (SPU – office in Manhattan) is invested in the United States.
A quarter of the Norwegian pension fund (SPU – office in Manhattan) is invested in the United States.
The financial crisis (started in the United States, Lehman Brothers) has led to a global economic crisis, and then to a social crisis, and in some places also to a political crisis.
The financial crisis (started in the United States, Lehman Brothers) has led to a global economic crisis, and then to a social crisis, and in some places also to a political crisis.
First evidence of this – Iceland.
First evidence of this – Iceland.
Now, great fear in Europe that more countries will follow.
Now, great fear in Europe that more countries will follow.
While Norway with its export driven economy is very exposed to the outside world, we are only moderately hit, compared to others.
While Norway with its export driven economy is very exposed to the outside world, we are only moderately hit, compared to others.
Expect to see a relatively modest fall in GDP (1-2%) compared with other countries.
Expect to see a relatively modest fall in GDP (1-2%) compared with other countries.
Norway has been particularly engaged in Latvia and Iceland.
Norway has been particularly engaged in Latvia and Iceland.
Close neighbours.
Close neighbours.
- CSR is linked to how we manage the social dimension of the crisis.
- CSR is linked to how we manage the social dimension of the crisis.
- The countries with the deepest recessions in Europe so far are our neighbouring countries Iceland and the Baltic states.
- The countries with the deepest recessions in Europe so far are our neighbouring countries Iceland and the Baltic states.
The fall in GDP in Iceland this year is estimated to be as high as 10%.
The fall in GDP in Iceland this year is estimated to be as high as 10%.
In Latvia, the fall in GDP is projected to be even higher, at over 12%.
In Latvia, the fall in GDP is projected to be even higher, at over 12%.
These declines are among the most dramatic recessions in the world this year.
These declines are among the most dramatic recessions in the world this year.
- These countries are our neighbours.
- These countries are our neighbours.
The historical, political, and cultural ties to these countries – and especially Iceland – are very strong.
The historical, political, and cultural ties to these countries – and especially Iceland – are very strong.
Therefore the Norwegian Government has supported them in their difficult situation.
Therefore the Norwegian Government has supported them in their difficult situation.
Under Nordic loan agreements, we have provided a loan of USD 625 million to Iceland and a loan of USD 525 million to Latvia.
Under Nordic loan agreements, we have provided a loan of USD 625 million to Iceland and a loan of USD 525 million to Latvia.
Our policy has been to provide bilateral loans to our neighbouring countries under larger Nordic loan agreements, while other countries should turn to the EU and the international financial institutions.
Our policy has been to provide bilateral loans to our neighbouring countries under larger Nordic loan agreements, while other countries should turn to the EU and the international financial institutions.
- Norway has also taken international responsibility.
- Norway has also taken international responsibility.
To support the international financial institutions, Norway has provided a loan of NOK 30 billion to the IMF.
To support the international financial institutions, Norway has provided a loan of NOK 30 billion to the IMF.
We are also very concerned about the effects of the crisis on developing countries.
We are also very concerned about the effects of the crisis on developing countries.
We will continue to give about 1% of our GNP in development assistance.
We will continue to give about 1% of our GNP in development assistance.
We have also allocated an additional NOK 300 million to protect the most vulnerable from the effects of the crisis.
We have also allocated an additional NOK 300 million to protect the most vulnerable from the effects of the crisis.
- While the Norwegian economy is very strong overall, we are currently also in a recession.
- While the Norwegian economy is very strong overall, we are currently also in a recession.
Most prognoses for the Norwegian economy predict a reduction in GDP of between 1% and 2% this year.
Most prognoses for the Norwegian economy predict a reduction in GDP of between 1% and 2% this year.
While this is a considerable fall for the Norwegian economy, it is nevertheless among the smallest declines in the whole of Europe.
While this is a considerable fall for the Norwegian economy, it is nevertheless among the smallest declines in the whole of Europe.
- The financial crisis has therefore been at the very top of my Governments agenda these last months.
- The financial crisis has therefore been at the very top of my Governments agenda these last months.
Led by our Prime Minister Stoltenberg – himself an economist who used to teach economics at the University of Oslo – the Government has launched two large bank rescue packages, and one large-scale stimulus package.
Led by our Prime Minister Stoltenberg – himself an economist who used to teach economics at the University of Oslo – the Government has launched two large bank rescue packages, and one large-scale stimulus package.
All in all, the Government has spent about NOK 130 billion (over USD 20 billion) to confront the crisis and secure Norwegian jobs.
All in all, the Government has spent about NOK 130 billion (over USD 20 billion) to confront the crisis and secure Norwegian jobs.
- A major reason why the Norwegian economy is doing relatively well in this crisis, is of course our strong initial economic situation:
- A major reason why the Norwegian economy is doing relatively well in this crisis, is of course our strong initial economic situation:
- First, while the average unemployment level in the European Union is over 8%, the Norwegian unemployment rate is just over 3%.
- First, while the average unemployment level in the European Union is over 8%, the Norwegian unemployment rate is just over 3%.
So even though the Norwegian unemployment numbers will rise this year, we will still be far below the EU average.
So even though the Norwegian unemployment numbers will rise this year, we will still be far below the EU average.
- Second, as Norway has been saving during the good times, we are now in a situation where we can spend more in bad times.
- Second, as Norway has been saving during the good times, we are now in a situation where we can spend more in bad times.
Our public finances are solid after many years of large surpluses.
Our public finances are solid after many years of large surpluses.
This means that we can afford large-scale measures against the crisis without going into debt.
This means that we can afford large-scale measures against the crisis without going into debt.
- It is the combination of a very strong economic foundation and the forceful actions by the Norwegian Government in confronting the crisis that explains why Norway will get through this crisis better than most other European countries.
- It is the combination of a very strong economic foundation and the forceful actions by the Norwegian Government in confronting the crisis that explains why Norway will get through this crisis better than most other European countries.
- It is especially the Norwegian export industry that is affected by the crisis.
- It is especially the Norwegian export industry that is affected by the crisis.
- In line with this: we believe that active cooperation with the business sector is essential in solving the challenges of our time: the financial crisis, environmental meltdown, widespread poverty.
- In line with this: we believe that active cooperation with the business sector is essential in solving the challenges of our time: the financial crisis, environmental meltdown, widespread poverty.
As former UN Secretary-General Kofi Annan has put it, “it is a utopian notion that poverty can be overcome without the active engagement of business.”
As former UN Secretary-General Kofi Annan has put it, “it is a utopian notion that poverty can be overcome without the active engagement of business.”
- The Norwegian Government has clear expectations of Norwegian companies:
- The Norwegian Government has clear expectations of Norwegian companies:
- First of all, we expect companies to respect human rights in all their operations.
- First of all, we expect companies to respect human rights in all their operations.
Norway strongly supports the UN Special Procedure on Business and Human Rights led by UN Special Representative John Ruggie, aimed at clarifying the human rights responsibilities of governments and companies.
Norway strongly supports the UN Special Procedure on Business and Human Rights led by UN Special Representative John Ruggie, aimed at clarifying the human rights responsibilities of governments and companies.
- Second, we expect companies to respect the rights of employees and create decent working conditions.
- Second, we expect companies to respect the rights of employees and create decent working conditions.
- Third, we expect companies to protect the environment and the climate.
- Third, we expect companies to protect the environment and the climate.
We need to speed up the development of new, clean technologies and ensure rapid deployment around the world.
We need to speed up the development of new, clean technologies and ensure rapid deployment around the world.
- Fourth, we expect companies to engage in fighting corruption and increasing transparency.
- Fourth, we expect companies to engage in fighting corruption and increasing transparency.
Transparency about a company’s operations and their impacts on people and the environment is in itself a kind of soft power.
Transparency about a company’s operations and their impacts on people and the environment is in itself a kind of soft power.
What happens in the open will be dealt with, what is hidden may be ignored.
What happens in the open will be dealt with, what is hidden may be ignored.
We need soft, but firm, mechanisms driving voluntary responsibility, and transparency is one such mechanism.
We need soft, but firm, mechanisms driving voluntary responsibility, and transparency is one such mechanism.
- Requirements for social responsibility are highly relevant in public affairs and administration as well.
- Requirements for social responsibility are highly relevant in public affairs and administration as well.
The Government does not only express what it expects of companies and regulate them.
The Government does not only express what it expects of companies and regulate them.
It is an agent in its own right.
It is an agent in its own right.
If we expect companies to act responsibly, we must consider our own responsibilities and promote coherent policies in all areas.
If we expect companies to act responsibly, we must consider our own responsibilities and promote coherent policies in all areas.
The Government aims for the public sector to be at the forefront when it comes to socially responsible procurement, ownership and investment.
The Government aims for the public sector to be at the forefront when it comes to socially responsible procurement, ownership and investment.
- My Government is a strong supporter of the Extractive Industries Transparency Initiative (EITI), an Oslo-based public-private initiative that strives to establish transparency regarding money-flows between petroleum and mining companies, on the one hand, and the host governments where they operate, on the other.
- My Government is a strong supporter of the Extractive Industries Transparency Initiative (EITI), an Oslo-based public-private initiative that strives to establish transparency regarding money-flows between petroleum and mining companies, on the one hand, and the host governments where they operate, on the other.
- Another important way of influencing companies is through the investments of the Norwegian Government’s pension fund.
- Another important way of influencing companies is through the investments of the Norwegian Government’s pension fund.
Investments made by the foreign investment part of the fund have attracted a great deal of international attention.
Investments made by the foreign investment part of the fund have attracted a great deal of international attention.
- In 2004, ethical guidelines for the pension fund were established.
- In 2004, ethical guidelines for the pension fund were established.
Active ownership is exercised, with an emphasis on corporate governance, child rights and corporate environmental lobbying.
Active ownership is exercised, with an emphasis on corporate governance, child rights and corporate environmental lobbying.
In some cases, the fund’s ethical council recommends exclusion of companies that violate the guidelines.
In some cases, the fund’s ethical council recommends exclusion of companies that violate the guidelines.
Around 30 companies have been excluded from the fund’s investment universe.
Around 30 companies have been excluded from the fund’s investment universe.