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Report finds Coal-to-Liquids and Oil Shale pose significant financial and environmental risks to investors

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Ceres recently released a new report concluding that coal-to-liquid (CTL) and oil shale technologies face significant environmental and financial obstacles—from water constraints, to technological uncertainties to regulatory and market risks—that pose substantial financial risks for investors involved in such projects.

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BP approves revamped $9B Mad Dog Phase 2 project in the deepwater Gulf of Mexico; down from original $20B cost

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BP has sanctioned the $9-billion Mad Dog Phase 2 project in the United States, despite the current low oil price environment. Oil production is expected to begin in late 2021. Today, the leaner $9-billion project, which also includes capacity for water injection, is projected to be profitable at or below current oil prices.

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NTU Singapore to develop technologies to extract hydrogen from liquid organic hydrogen carriers

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In addition, the Japanese government is supporting Singapore’s energy transition by leveraging on Japanese companies’ technologies such as Chiyoda’s SPERA Hydrogen under the Asia Energy Transition Initiative. The project builds on previous work by the group of companies, along with researchers from NTU and the NUS.

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Opinion: Can Argentina Capitalize On Its Vast Shale Reserves?

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The question today is just how much Argentina is willing to change and how this plays into a low oil price environment that is already negatively impacting investment elsewhere. This translates to an estimated 802 trillion cubic feet of technically recoverable shale gas and 27 billion barrels of oil.

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bp to exit its 19.75% shareholding in Rosneft

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The bp board announced that bp will exit its shareholding in Rosneft, a Russian state-controlled oil and gas company. bp has held a 19.75% shareholding in Rosneft since 2013. Additionally, bp chief executive officer Bernard Looney is resigning from the board of Rosneft with immediate effect. Impact on reporting and finances.

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ICCT suggests minor changes to Fed tax policy to cut higher investment risk of 2nd-gen biofuels and advance the industry

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The Renewable Fuel Standard (RFS2) in the U.S. In addition, the industry faces barriers from the impending “blend wall” of 10% ethanol in gasoline and uncertainty regarding policies and oil prices. Seven of the nine companies have beta values greater than 1.0, Seven of the nine companies have beta values greater than 1.0,

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Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

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The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil.