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Denmark aims to end all North Sea oil and gas production by 2050

Christian Fernsby |
denmark's government, along with a majority in parliament, agreed late thursday to end all oil and gas activities in the danish sector of the north sea by 2050.

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Topics: DENMARK   

The agreement means there will be no more licensing rounds and all exploration and extraction of oil and gas must end by 2050, the year Denmark aims to be climate neutral, meaning its greenhouse-gas emissions will be reach net zero.

In a statement after agreeing the deal, Denmark's minister of climate, energy and supply, Dan Jorgensen, said the agreement sets a new, green course for the North Sea.

"We are now putting an end to the fossil era," he said.

"The agreement contains exciting opportunities to utilize the old oil and gas fields for storage, where there is also a large job potential, even in the same area and for the same professional groups."

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