French Ecology Minister Nicolas Hulot said that "this law links the legislation with the obligations taken within the Paris climate accord," as quoted in the communique.
By 2040, French authorities are expected to not only refuse issuing new licenses for the exploration and production of hydrocarbon fields, but also to limit the extension of old licenses. Therefore, France is going to gradually abandon the production of hydrocarbon fuels by 2040.
In early June, Trump announced that the United States would be withdrawing from the Paris climate agreement, with Washington officially notifying the United Nations of its pullout on August 4. The move has been criticized by activists and world leaders, including French President Emmanuel Macron, who stated that he hopes that the decision would be reconsidered.