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

Green Car Congress

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.

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Why EVs Aren't a Climate Change Panacea

Cars That Think

must cease by 2038 at the latest, according to research company BloombergNEF (BNEF). In states (or countries ) with a high proportion of coal-generated electricity, the miles needed to break-even climb more. In Poland and China, for example, an EV would need to be driven 78,700 miles to break-even. For the U.S.

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War in Ukraine: We Need to Talk About Fossil Fuels

Cars That Think

Russia is the world’s second largest producer of crude oil, behind the United States and ahead of Saudi Arabia, and its second largest exporter, behind Saudi Arabia. On 28 February, British Petroleum announced it would divest itself of its nearly 20 percent share of Rosneft , Russia’s state oil company. Consumption of E.U.-produced

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