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Denmark Sets Deadline To End Oil Production

“COPENHAGEN — Denmark on Friday became the first major oil-producing nation to announce an end to state-approved exploration in the North Sea, with the aim of phasing out all extraction by 2050.

The decision was applauded by some environmental activists, with Greenpeace celebrating it as a “watershed moment,” although other groups had hoped for a faster timeline.

Denmark’s new rules mean companies will be barred from receiving new licenses to search for and extract oil and gas resources. Previously issued licenses will remain valid until 2050.”

Florian Elabdi, Rick Noack, and Steven Mufson report for the Washington Post December 4, 2020.