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Denmark becomes first major oil-producing nation to set deadline to end extraction – The Washington Post

Environmental activists celebrated the decision as a “watershed moment.”




Denmarks new rules mean that companies will be almost completely barred from receiving new licenses to search for and extract oil and gas resources. Previously issued licenses will remain valid until 2050.
Denmark is the top oil producer in the European Union, but it has come under mounting pressure in recent years as the E.U. aims to become carbon-neutral within the next 30 years.
Big Oils green makeover
Its a historic decision for Denmark, Dan Jørgensen, the Danish climate and energy minister,…

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