c-oil-RTXTQGP-Benoit Tessier

France is planning to stop producing fossil fuels in 2040

815,000 tonnes

The French government drafted a bill that if approved would halt its production of oil. The country now extracts 815,000 tonnes per year.

Published   |  Photo by Reuters/Benoit Tessier
c-oil-RTXTQGP-Benoit Tessier
815,000 tonnes

The bill proposes that starting in 2040, the government stops granting and renewing the licenses that allow companies to extract oil in France.

c-oil-RTXTQGP-Benoit Tessier
815,000 tonnes

But France extracts such little oil that the switch from fossil fuels to renewable sources is meant to have a more symbolic than practical effect.

c-oil-RTXTQGP-Benoit Tessier
815,000 tonnes

France produced some 16,000 barrels per day last year, little compared to the Saudi output of 10.4 million barrels or the Russian output 10.5 million barrels.

c-oil-RTXTQGP-Benoit Tessier
815,000 tonnes

France, the first country to take such measure, aims to inspire other nations to do the same.

Published

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