US News Denmark stops oil production in the North Sea

A majority in the Danish parliament has decided that no new oil fields should be developed in the Danish North Sea and that oil production will cease by 2050. A licensing round that would have allowed oil production until 2055 has been halted.

© AP Photo

The Danish Environment Minister Dan Jørgensen said: "We want to be a green role model, even if we are the largest oil producer in the EU. - Stopping earlier than 2050 makes no sense and would only drive the oil price up (and have no positive effect on global warming). "

Denmark has 20 oil and gas fields and 55 drilling rigs. Internationally, Denmark ranks 40th among the oil producing countries. Since 1972 the country has earned more than 72 billion euros from North Sea oil.

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COPENHAGEN, (APP - UrduPoint / Pakistan Point News - 25th Oct, 2019 ) :Danish Minister of Climate and Energy Dan Jorgensen said Thursday that the government is assessing whether to continue with a bid for oil production in the North Sea . "I believe that oil and gas should be phased out over time.

Denmark will stop offering new oil and gas licenses in the North Sea and phase out production altogether in 2050 as part of its goal to become fossil-free.

Jesper Høj Hansen from North Sea Denmark said: “I'm angry and at the same time I'm worried. We want this big, green conversion, which will also benefit wind energy, but we risk that we won't have the money for it if we don't continue drilling in the Nordwee. "

environmental groups welcomed the decision but criticized the fact that the end date of 2050 was so far away.

"This agreement is a victory for the entire climate movement," said Maria Reumert Gjerding from the Danish Society for Nature Conservation. "Now it will be the task to insist on an earlier end date. "