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Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil

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The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources. XTO is a US producer engaged in the acquisition, exploitation and development of quality, long-lived oil and natural gas properties in the United States.

Oil 186
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DOE Makes First Awards from $1.4B for Industrial Carbon Capture and Storage Projects

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Energy Secretary Steven Chu wrote an editorial for the 25 September 2009 special issue of the journal Science on carbon capture, in which he addressed the magnitude of the challenge. Noting that coal accounts for roughly 25% of the world energy supply and 40% of the carbon emissions. DOE Share: $3,014,666). C6 Resources.

Carbon 210
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Perspective: The UN Approval Process for Carbon Offsets

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According to a report by the UN’s Intergovernmental Panel on Climate Change, the margin of error in measuring emissions by DOEs can be as high as: 10% for the cement and fertilizer industries; 60% for the oil, gas, and coal industries; and. United Nations Climate Change Conference Copenhagen 2009. Donovan (20 December 2009).

Carbon 255
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Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

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Cap-and-trade was first tried on a significant scale twenty years ago under the first Bush administration as a way to address the problem of airborne sulfur dioxide pollution–widely known as acid rain–from coal-burning power plants in the eastern United States. RGGI took effect and began regulating CO 2 emissions on January 1, 2009.

Gas 244