France plan to end oil and gas production by 2040

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French ecology minister Nicolas Hulot has presented a draft bill of law to end France's relatively small fossil fuel production by 2040, as part of President Emmanuel Macron’s broader plan to take the lead against climate change, after US counterpart Donald Trump ditched the landmark Paris COP 21 agreement to fight global warming.

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France will stop granting new exploration permits next year as it seeks to end all oil and gas production by 2040, according to a draft bill presented at a cabinet meeting this week, reports Bloomberg.