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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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First production is expected in 2016. Global exploration funding is expected to be $3 billion in 2012. This planned spending includes initial appraisal of new acreage captured over the past two years, including Liberia, China and various international shale gas plays. The project has already awarded $6 billion in contracts.

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