ITALY PROPOSES TO BLOCK OIL AND GAS EXPLORATION PERMITS
On January 9, Italy's industry ministry announced plans to halt the issuance of roughly 36 oil and gas exploration permits, including three permits already issued in the Ionian Sea. The proposal is part of the country's long-term plans to cut its carbon footprint, which include phasing out coal power production by 2025 and phasing out fossil fuels by 2050. The ministry has said the proposal will be discussed in parliament in the coming days. For the full story, see https://uk.reuters.com/article/us-italy-drilling/italy-to-block-oil-and….