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Vancouver-based Ceylon Graphite granted industrial mining licence for M1 mining project in Sri Lanka

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The Licence grants exclusive rights to mine graphite from within the M1 mining area. K1 is Ceylon Graphite’s first exploration project and operates under the Sarcon Development legal umbrella. The Government of Sri Lanka granted the company’s wholly owned subsidiary Sarcon Development (Pvt) Ltd. From the K1 site.

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A123 Systems receives interim court approval of $50M DIP financing from Wanxiang; responds to objections from Wanxiang, Fisker and others on asset sales process

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announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). The financing supplements the pre-petition $22.5 Earlier post.).

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Senators Sanders, Boxer propose legislation to institute GHG price on large stationary sources and remove support for fossil fuel industries

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The legislation also proposes numerous actions against financing and support for fossil fuel industries. Among the financing provisions of the legislation are: Price on carbon. Bernie Sanders (I-Vt.) and Barbara Boxer (D-Calif.) The legislation would enact a fee of $20 per ton or carbon or methane equivalent, rising at 5.6%

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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

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But the most immediate and pervasive risk to the economy is a wholesale collapse of the automotive supply base, Grant Thornton LLP partner Laura Marcero told the Automotive Press Association in Detroit. Grant Thornton LLP is the US member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations.

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President’s Budget for FY 2013 boosts discretionary funds for DOE, cuts fossil fuel subsidies

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priorities in clean energy and advanced manufacturing, through grants, financing assistance, and tax incentives that accelerate fundamental. Positions the Environmental Management program to meet its legally enforceable cleanup. These funds are. part of a broad energy strategy that emphasizes.

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Velocys establishes strategic alliance with TRI for gasification systems for BTL plants

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TRI will support Velocys and its partners to further optimise overall plant cost and the financing of BTL plants through, for example, accessing governmental loan guarantee processes and securing independent engineering reviews. The company expects the terms of the MoU to be reflected in legally-binding documentation within the coming months.

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GM Files Voluntary Chapter 11; Agreements with US Treasury and Canada; New GM Expected in 60-90 Days

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court filings or court-supervised process, and these filings have no direct legal impact on GM’s plans and operations outside the US. Warrants granted to the New VEBA to acquire newly issued shares in the New GM equal to 2.5% Cravath, Swaine, & Moore LLP is providing legal advice to the GM Board of Directors. Earlier post.)

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