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France plans to pass legislation this year to phase out all oil and gas exploration and production on its mainland and overseas territories by 2040, becoming the first country to do so, according to a draft bill presented on Wednesday.
President Emmanuel Macron wants to make France carbon neutral by 2050 and plans to curb greenhouse gas emissions by leaving fossil fuels, blamed for contributing to global warming, in the ground.
Under the draft presented to cabinet, France will no longer issue exploration permits. The extension of current concessions will be gradually limited until they are phased out by 2040 - when France plans to end the sale of gasoline and diesel vehicles.
A largely symbolic gesture, but sometimes symbols matter.
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France Plans to End Oil and Gas Production by 2040
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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
I consider the day misspent that I am not either charged with a crime,
or arrested for one.
-- "Ratsy" Tourbillon
(Score: 4, Insightful) by crafoo on Friday September 08 2017, @05:39PM (3 children)
No, it's completely symbolic. It will have no real economic impact. It's not the same magnitude of decision of a country like, say Russia, saying they will stop oil and gas production. Although of course France will attempt to pass it off as similar, or even in the same galaxy of political economic decision making. 100% symbolic and really, kind of a joke. Point and laugh.
(Score: 0) by Anonymous Coward on Friday September 08 2017, @06:05PM (1 child)
*points and laughs at crafoo the soon-to-be-oilpatch*
cause dinosaurs turn into oil :D
(Score: 2) by maxwell demon on Friday September 08 2017, @06:59PM
I thought dinosaurs turn into museum exhibits.
The Tao of math: The numbers you can count are not the real numbers.
(Score: 0) by Anonymous Coward on Friday September 08 2017, @09:31PM
Yeah, it has no real economic impact. The magnitude of the decision is more on the order of expanding the area protected as national parks a bit. Which is still considerably different from a converse move [soylentnews.org] of comparable magnitude. Point and laugh.