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UTM Offshore signs FEED agreement for Nigeria’s first floating liquefied natural gas (FLNG) facility

Green Car Congress

UTM Offshore was incorporated in July 2012 as a privately held Nigerian company. The FLNG facility will have a Liquified Natural Gas (LNG) nameplate production capacity of 1.2 UTM Offshore’s signing of the deal will be a game changer within Africa’s gas market.

Nigeria 186
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Fitch Ratings: US automakers well positioned for weak demand in 2012; estimates break-even for Detroit 3 at 10.5M units

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Global rating agency Fitch Ratings expects the financial profiles of US automakers and parts suppliers to remain resilient in a downside scenario characterized by sluggish global economic growth and weaker-than-expected North American light-duty vehicle demand. Continued global. million units in 2012, up 4.4%

2012 186
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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. markets all remain in action as effective tools to leverage global climate action and as models to inform. future agreements. existing climate change.

Climate 294
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). How does the US deal with local and state economies with high carbon economies and little renewable resources?

Financing 150
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The $32-Trillion Push To Disrupt The Entire Oil Industry

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Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Increased shareholder activism, combined with global warming policies of institutional investors and NGOs, are pushing IOCs in a corner, constricting financing options for oil companies.

Oil 231
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Ride-sharer Grab to invest $700M in “Grab 4 Indonesia” 2020 master plan

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Under the plan, Grab will invest US$700 million in Indonesia over the next four years to support Indonesia’s goal of becoming Southeast Asia’s largest digital economy by 2020. To equip Indonesian engineers with globally competitive skills, Grab will provide training opportunities at its R&D centers in Singapore, Beijing and Seattle.

Indonesia 150
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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. North America continues to be an impetus to global light vehicle demand levels. million, an increase of 2.4% North America.

2015 150