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France exits fossil fuel treaty to boost renewables drive

Saturday, 22 October 2022



BRUSSELS, Oct 21 (AFP): France is pulling out of a 1994 treaty that had the effect of protecting investment in fossil fuels when Europe is retooling towards a greener future, President Emmanuel Macron announced Friday.
"France has decided to withdraw from the Energy Charter Treaty," he told a news conference in Brussels after an EU summit, two days after the Netherlands made a similar announcement.
The move was done to be more "coherent" with the Paris climate accord to combat global warming by relying more heavily on renewable energy sources.