Denmark’s government agreed late Dec. 3 to end oil and gas exploration and production in the North Sea by 2050, as well as canceling its latest licensing round. Receive daily email alerts, subscriber notes & personalize your experience. Register Now In a political agreement with the parliament, the government said it had agreed to the cancellation of both the 8th and all future North Sea licensing rounds. “We are now putting an end to the fossil era, and drawing a straight line between our activities in the North Sea and the Climate Act’s goal of climate neutrality in 2050,” Climate Minister Dan Joergensen said in a statement. Denmark’s output of both oil and gas has been in declining for years. Oil production peaked in 2004 at 390,000 b/d and […]