France to ban all oil and gas production by 2040. CBS News.
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. French President Emmanuel Macron responded to the approval of the law on Twitter, saying in part: "Very proud that France has become the first country in the world today to ban any new oil exploration licenses with immediate effect and all oil extraction by 2040."
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I will probably be dead by 2040 and so will most of the idiots that signed this law, but it will be interesting to see what will happen to the French economy if no one will sell them any oil and gas.
The French never cease to amaze
The French never cease to amaze
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group