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Sweden approves proposal to ban coal, oil and gas production

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I am Annabelle Sampson and I work for The News Dept as an author for their news department. My main focus is on economy news, but I also cover other topics such as business, finance, and current affairs. My writing has been featured in prominent publications such as The Wall Street Journal, Forbes Magazine, and the Financial Times. I have a passion for learning more about economic trends and understanding how they affect businesses of all sizes. To stay up to date with the latest developments in the field of economics, I make sure to keep track of reliable sources like Bloomberg News or Reuters. In addition to my writing work, I often provide consultation services related to economic matters for clients both large and small.

New amendments to environmental law and subsoil law in Sweden enter into force on 1 July 2022. This was stated in a press release from the country’s parliament.

The Swedish government has previously proposed to ban the extraction of coal, oil and natural gas. In addition, it was proposed to tighten the rules for the removal of alum clay.

“Parliament has adopted new rules on the removal of substances that have a negative impact on people and the environment. The proposal means banning the extraction of hard coal and brown coal, crude oil, shale oil and natural gas. The Swedish parliament has stated that permits will no longer be granted.

Bloomberg previously reported that German Vice-Chancellor Robert Habeck is ready to present a decree allowing coal and oil-fired power plants to operate in the event of a gas shortage.

Source: Riafan

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