OEF Rapid Review
France is to stop granting licences for oil and gas exploration as part of a transition towards environmentally-friendly energy. Nicolas Hulot, the “ecological transition” minister said a law would be passed in the autumn.
French President Emmanuel Macron said he was opposed to exploration for gas and favoured a ban on fracking during his election campaign, particularly in the overseas territory of French Guiana. Around 75 per cent of France’s electricity is currently provided by nuclear power stations… a law was passed last year, however, to reduce the nuclear proportion to 50 per cent by 2025.
LINK TO THE SOURCE ARTICLE:
France: All New Oil And Gas Exploration
