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GE Transportation Unveils New Evolution Series Locomotive; 17% Reduction in Fuel Consumption, 70% Reduction in Emissions

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GE Transportation introduced the newest line of fuel efficient and low emissions Evolution Series locomotives, the Model ES44C4. The new model, which is part of GE’s ecomagination program, delivers a cleaner, faster, safer and more reliable alternative to the aging North American fleet of DC-powered locomotives. The new Model ES44C4.

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GE and Shenhua open coal gasification joint venture in China

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a 50:50 joint venture with Shenhua Group to advance the development and deployment of “cleaner coal” technology solutions in China. The region’s coal industry comprises China, India, Australia, Indonesia, Kazakhstan, Thailand, Vietnam and New Zealand. GE announced the opening of GE Shenhua Gasification Technology Company Ltd.,

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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. Kazakhstan/Russia: Caspian Pipeline expansion. Spending of $28.5 China: development of the Chuandongbei natural gas project.

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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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Subsidies that encourage wasteful consumption of fossil fuels jumped to over $400 billion. The share of fossil fuels in global primary energy consumption falls from around 81% today to 75% in 2035. By contrast, subsidies for fossil fuels amounted to $409 billion in 2010. billion, around 20% of the world’s population.

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