Oil Change International FOR IMMEDIATE RELEASE Licensing bans are quickly becoming a core test of real climate leadership Paris, France. Yesterday, the Spanish Parliament adopted a wide-ranging Climate Change and Energy Transition law, which includes a ban on new fossil fuel exploration and production licenses. The law mandates that the production of fossil fuels will end on Spanish territory by 31 December 2042 and requires license holders to submit a reconversion plan for the fossil fuel facilities they operate five years before the license expires. Finally, the law restricts fossil fuel subsidies by mandating that they be “duly justified by social, economic or social interest” and only in the absence of technological alternatives.