UK considers end date for oil E&P
An end date for valid oil production and a halt to new exploration permits are a few of the possible outcomes of the UK's considerations about the future, The Telegraph reports.
Denmark pretty much declared the raison d'être of its recent North Sea oil policy from December – which sets an end date on all extraction by 2050 yet provides companies with a grace period of viability with a few options left open for new activities until mid-century – to be that other countries would follow the small nation's example and ban future exploration and production of fossil fuels.
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