Business
Denmark to end new oil and gas exploration in North Sea – The Guardian
Decision as part of plan to phase out fossil fuel extraction by 2050 will put pressure on UK
Denmark has brought an immediate end to new oil and gas exploration in the Danish North Sea as part of a plan to phase out fossil fuel extraction by 2050.
On Thursday night the Danish government voted in favour of the plans to cancel the countrys next North Sea oil and gas licensing round, 80 years after it first began exploring its hydrocarbon reserves.
Denmarks 55 existing oil and gas platforms, scattered across 20 oil and gas fields, will be allowed to continue extracting fossil fuels but the…
Continue Reading