
A vote taken on the 3rd of December at the Danish Parliament affirmed a near-total ban on new contracts being issued for oil or gas exploration in the North Sea.
Licenses which were issues before the vote will be sustained until 2050. This move is estimated to cost Denmark around 2.1 billion.
Danish Minister of Climate and Energy and Public Utilities, Dan Jorgensen said that “It’s a tough decision, it’s an expensive decision, but it’s the right decision”.
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