Oil and Gas

France to ban all oil and gas production from 2040

After France’s Parliament approved part of President Emmanuel Macron’s plans to cut the use of fossil fuels, France is set to ban all drilling for oil and natural gas by 2040 where the production or looking for oil and gas in the country and its overseas territories will become illegal. Drilling permits in operation will expire in 2040 while new ones will not be granted from now on.

France is the first country in the world to pass such a law and the change is unexpectedly to have a notable effect, as 99 per cent of oil and gas in France is imported from other countries. The French government, however, expects and desires the symbolic signal will persuade other countries to embrace similar laws.

The President, Mr. Macron, once said that he desires France to become a leader globally in the war against global warming. He has also pledged to substitute any withdrawn funding from the United Nations climate change programme by United States president, Donald Trump and has made known plans to prohibit the sale of diesel and petrol cars in France by 2040.

Mr. Macron wrote on twitter, after the law banning oil and gas exploration was passed, saying, “Very proud that France has become the first country in the world today to ban any new oil exploration licences with immediate effect and all oil extraction by 2040.”

The French president also added the hashtag “Make Our Planet Great Again” in mockery of Mr. Trump’s “Make America Great Again” slogan.

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