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France to ban oil, gas production by 2040

PARIS: France's parliament on Tuesday passed into law a ban on producing oil and gas by 2040, a largely symbolic gesture as the country is 99 percent dependent on hydrocarbon imports. In the vote by show of hands, only the right-wing Republicans party opposed, while left-wing lawmakers abstained. No new permits will be granted to extract fossil fuels and no existing licences will be renewed beyond 2040, when all production in mainland France and its overseas territories will stop. Socialist lawmaker Delphine Batho…