EnergyWatch
Oil & Gas

France plans to end oil output by 2040 with exploration ban

Oil and gas production will end in France from 2040. A plan presented by Ecology Minister Nicolas Hulot in July will also progressively increase taxes on fossil fuels, close coal-fired power plants by 2022, and invest more in renewable energies.
Ecology Minister of France, Nicolas Hulot | Photo: /ritzau/AP/Francois Mori
Ecology Minister of France, Nicolas Hulot | Photo: /ritzau/AP/Francois Mori
BY FRANCOIS DE BEAUPUY, BLOOMBERG

France will stop granting new exploration permits next year as it seeks to end all oil and gas production by 2040, according to a draft bill presented at a cabinet meeting Wednesday.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Related articles:

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading

Jobs

See all jobs