France passes law to ban all oil and gas production by 2040
December 20, 2017
PARIS (AP) — France's parliament has approved a law banning all exploration and production of oil and natural gas by 2040 within the country and its overseas territories.
Under that law that passed a final vote on Tuesday, existing drilling permits will not be renewed and no new exploration licenses will be granted.
The French government claims the ban is a world first. However, it is largely symbolic since oil and gas produced in France accounts for just 1 percent of domestic consumption. The rest is imported.
Environment Minister Nicolas Hulot says the law shows "current generations can take...
For access to this article please
sign in or
subscribe.
Reader Comments(0)