The French government will formally propose a moratorium on domestic oil production in September, with the aim of pushing France out of its reliance on fossil fuels by 2040. France’s “24-hour” news agency August 30 quoted Agence France-Presse reported that the French Petroleum Industry Federation (UFIP) Chairman Francis Duseux on the day of the government raised the question.
| Gamma-PGA (gamma polyglutamic acid) |
Dousles said the government’s moratorium on oil production was “dangerous” and would end France’s highly competitive oil-mining industry. He also pointed out that “this has no effect on the consumption of oil, and the use of imported oil instead of domestic oil will also increase carbon emissions during transport”.
UFIP also suggested that the policy would threaten the employment of 1500 of workers in the industry and government revenues in the areas concerned, and even affect the prospects of foreign investors in France.
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reported that the French petrochemical giant Total company general manager Patrick Puyani also against the government’s move, “as an oil company boss, I do not agree with this policy.” If France forbids the exploitation of oil, we will find another one elsewhere.
French energy Minister Nicholas Hulot said that in order to combat global warming, France should take the lead to give up the extraction of 75% of the domestic reserves of fossil energy.
815,000 barrels of oil were mined in France in 2016, accounting for about 1% of the country’s oil consumption, the report said.
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