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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

Green Car Congress

CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. The price represents a premium of. OPTI Canada Inc.

Oil-Sands 325
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NRG invests additional $35M in FuelCell Energy for 6% of company; establishes $40M financing facility

Green Car Congress

FuelCell Energy intends to use the net proceeds from the offering for project development, project finance, working capital support and general corporate purposes. million shares of common stock at a price $3.35 per annum for construction-period financing and 8.0% The warrant has a term of three years. The interest rate is 8.5%

Financing 244
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Westport Launches First Global Carbon Finance Program for Transportation Registered to the Voluntary Carbon Standard

Green Car Congress

Westport and CWI natural gas powered vehicles sold since 1 January 2009 will be eligible for carbon credits based on an agreed price per tonne. Vehicles sold to fleet owners in various countries worldwide including the USA, Australia, Canada and China will be included in the WCP.

Carbon 199
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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

Green Car Congress

In today’s context of the global energy crisis, skyrocketing fossil fuel prices, energy security challenges and ambitious climate commitments, I believe nuclear power has a unique opportunity to stage a comeback. There is increased support and interest in Canada, France, the United Kingdom and the United States for this promising technology.

Russia 458
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Lightsource bp launches Bighorn Solar project in Colorado; first steel mill to run almost entirely on solar

Green Car Congress

Lightsource bp financed, owns and operates Bighorn Solar and sells the electricity it generates to Xcel Energy under a 20-year power purchase agreement. As part of that arrangement, EVRAZ will receive clean, renewable power and price certainty from Xcel Energy through 2041.

Colorado 396
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Government of Canada to buy Trans Mountain Pipeline System and Expansion Project for C$4.5B, resume planing and construction

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The Government of Canada will purchase Kinder Morgan’s Trans Mountain Pipeline system and the expansion project (TMEP) for C$4.5 billion); Kinder Morgan has agreed to work with the Government of Canada to seek a third-party buyer for the Trans Mountain Pipeline system and TMEP. —Bill Morneau, Minister of Finance.

Canada 199
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Neo Lithium closes strategic investment with CATL; ~8% stake; 3Q project

Green Car Congress

Canada-based Neo Lithium Corp. Limited (CATL), whereby CATL, through a subsidiary controlled by CATL, subscribed for 10,217,503 common shares of Neo Lithium at a price of C$0.84 NLC) announced the closing of a previously announced equity investment by China-based Contemporary Amperex Technology Co.

Argentina 418