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France Passes Law To Ban All Oil, Gas Production By 2040 (cbsnews.com)
An anonymous reader quotes a report from 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."
This is very symbolic: french does not export much oil, and the law does not curb on oil importations.
A side note: France does not burn much oil because it uses a lot of nuclear power. However french cars still use fuel for the most of them.
In other news, gas produced by political windbags set to hold steady indefinitely.
Corruption is convincing someone that the selfless ideal is the same as their selfish ideal.
However, it is largely symbolic since oil and gas produced in France accounts for just 1 percent of domestic consumption. The rest is imported.
The sum total effect of this is that France will go from importing 99% of it's oil and gas needs to 100%, big deal.
Ken