Norway will not issue licences for energy companies to explore for oil and gas till 2050

Socialist Left Party (SV) Terje Aasland wants Norway, the biggest supplier of natural gas to the European Union and a major oil exporter, to stop exploring for new petroleum resources to fight climate change. The deal extends an agreement the minority cabinet and SV made last year, when the government won elections, which delayed the 26th licensing round by a year. Aasland said there was “no drama” in the decision as authorities still issue licences to oil companies in a parallel licensing around called the APA round, in so-called mature areas that are already open to oil companies.