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ICCT study examines current & projected use of heavy fuel oil in Arctic shipping; growth in BC emissions points to need for policies

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As described in Comer, Olmer, and Mao (2016), HFO poses a substantial threat to the Arctic environment, not only because HFO is extremely difficult to clean up once spilled, but also because burning HFO emits BC, a potent pollutant that accelerates climate change.

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Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

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Another 11% is associated with the company’s downstream businesses that manufacture, transport and sell gasoline, diesel fuel and other refined products, fuel and lubricant additives, and petrochemicals. First production is expected in 2016. Spending of $28.5 The project has already awarded $6 billion in contracts.

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