Norwegian Finance Minister Siv Jensen says she sees no reason why the country’s abundant oil and gas may not be part of a sustainable energy-focused future.

In an interview with Bloomberg Television on Tuesday, Siv Jensen said it was important for Norway to focus on emissions, but that the debate needed to be more nuanced to ensure that more efficient forms of fossil fuel production were not stopped.

The richest Scandinavian nation has long argued that it is unrealistic to believe that oil will no longer be needed. Therefore, according to Norway, it should remain the last producer of fossil fuels, since its operations produce the least amount of harmful emissions.

Siv Jensen, who is part of the center-right coalition in the richest Scandinavian country, said Norwegian oil and gas companies are more efficient than others in terms of production. She also noted that the Norwegian currency is no longer as strongly tied to the price of oil as it was before.

Earlier this week, Economo announced that Norway continues to have serious difficulties in trying to identify a new large Arctic oil region after Lundin Petroleum AB, one of the most active exploration companies in the Norwegian Arctic, lowered its resource estimate by discovered the Barents Sea and stressed that it would not develop projects independently.

Following the record-breaking 2017 survey, when 17 deposits were located, the total number of new sites dropped to 7 in 2018 and to 5 in 2019, according to the Norwegian Petroleum Directorate.