There will be no exploration and production of oil and natural gas in France after 2040. The France Government parliament has approved a law regarding the ban of such activities in the country. As per the banning law all exploration and production of oil and natural gas after 2040 within the country and its overseas territories will be illegal.
The law was with passed a final vote on Tuesday and as per it the government will not renew existing drilling permits in order to stop new exploration.
The ban is part of a larger plan to wean the French economy from fossil fuels and to fulfil France’s commitments under the Paris climate agreement to curb global warming.