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Summary of decisions from Durban climate conference

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Parties to this second period will turn their economy-wide targets into quantified emission limitation or reduction objectives and submit them for review by 1 May 2012. The next major UNFCCC Climate Change Conference, COP 18/CMP 8, will take place 26 November to 7 December 2012 in Qatar, in close cooperation with the Republic of Korea.

Climate 294
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Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

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If you are the world’s leading energy economy, you produce energy, that’s what you do.”. “A Of this, the Saudi government will finance $239 billion, while private investors will finance $79 billion, as well as investments in refining (which it does not specify). by Dalan McEndree for Oilprice.com. “If If You’re a Government.

Oil 150
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GE and Clean Energy Fuels Partner to expand LNG refueling infrastructure in US for trucks; new MicroLNG plants

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Further underscoring GE’s commitment to expanding natural gas transportation infrastructure, GE Energy Financial Services is providing up to $200 million in financing for the two GE MicroLNG plants. The new system will help reduce a fleet operator’s fuel costs by more than 25% compared to diesel fuel.

Clean 286
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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

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National oil producers can and are shifting the cost of the lowered prices to other sectors of the economy. for example, has ended fuel subsidies, thereby essentially, increasing its budget revenues, while Saudi Arabia recently floated a $4-billion domestic bond offering to help finance its budget. a durable decrease in output?

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Opinion: Is Russia Plotting To Bring Down OPEC?

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Energy is the foundation of Russia, its economy, its government, and its political system. They pose an existential threat to the industry and therefore to the Russian economy: The revenues Russia can earn from its crude and natural gas exports face intense pressure. The emergence of the U.S., This has transformed the U.S.

Russia 150
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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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million barrels per day in 1H 2015, in part because as Russia's economy contracted, reducing domestic crude demand to 3.47 in Russian and Soviet history, Soviet economics, and International economics, and MBA in finance and marketing. Market” forces include many components. . billion) and $1 billion ($2.5 billion to $3.5) MMbbls/day.