Why Is Denmark Ditching Natural Gas?

Denmark’s announcement that it would stop offering exploration licenses came down on the European oil and gas sector like a bolt from the blue. Not that it would be a completely unexpected move – the offshore production of Danish gas has found itself bogged down in having to modernize without the required political backing for it – rather it is a move that puts a lot of pressure for other producing nations that might be confronted with popular pressure to follow Copenhagen’s path. The Danish climate and energy minister Dan…