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Danish climate minister: Expediting oil moratorium would be extremely expensive

One month after the ratification of Denmark's latest North Sea fossil energy policy, Greenpeace is already pleading for a revision. Doing so would entail expropriation and be very costly, says Minister of Climate, Energy & Utilities Dan Jørgensen. Sector lobby Oil Gas Denmark insists that a deal is a deal.

Denmark's new North Sea fossil energy policy will be upheld, says Minister of Climate, Energy & Utilities Dan Jørgensen. Greenpeace points out that it's a political agreement like any other and is therefore a valid subject f9r change. | Photo: Emil Agerskov

Denmark's new policy for North Sea oil and gas is "awful in several senses," says Greenpeace Denmark Head of Climate and Environmental Policy Helene Hagel after having a few weeks to digest the content of the country's updated legislation on the matter, ratified in December.

Here, the political parties behind the accord setting an end date at 2050 for all Danish fossil energy extraction decided to halt all further standard tender rounds. Although the so-called mini-rounds, where players may still offer unsolicited bids, are upheld and thereby enable issuances of new exploration and production licenses in the Danish North Sea.

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