"PARIS — France's parliament has approved a law banning all exploration and production of oil and natural gas by 2040 within the country and its overseas territories.
Under that law that passed a final vote on Tuesday, existing drilling permits will not be renewed and no new exploration licenses will be granted.
The French government claims the ban is a world first. However, it is largely symbolic since oil and gas produced in France accounts for just 1% of domestic consumption. The rest is imported."