It’s great that they have made this decision to phase out the extraction of fossil fuels.  but such pledges are not enough. We need to decrease the demand for fossil fuels by accelerating the adoption of renewable energy and electrification in other sectors.

So while this is good news, it does not mean that we can relax and consider this to be a success.

The EU’s largest oil producer has agreed to cancel new oil and gas licences and wind down production, in a bid for climate leadership.
— Read on www.climatechangenews.com/2020/12/04/denmark-phase-oil-gas-production-2050-watershed-decision/