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ADB approves $240M to help Kazakhstan modernize transport, improve connectivity

Green Car Congress

Improved transport connectivity will help increase trade links between Kazakhstan and the markets in East Asia, the Caspian Sea region, and further to Europe. The decline of global oil prices since 2014 and lower external demand has encouraged the government to create a favorable environment for business-driven regional economic development.

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Petrobras says it is expanding oil and gas production in the pre-salt in “economically viable” manner

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Responding to press articles saying that the collapse of the global oil price is threatening oil and gas production in the off-shore Brazil pre-salt layer, Petrobras countered that it is expanding its production capacity “in an economically viable manner.”

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Electric Vehicle Charging Principle

Setec Powerr

With soaring oil prices and global policy support, electric vehicles will become increasingly popular. Wireless charging is to automatically connect to the grid for charging and discharging through the wireless charging source board embedded in the road and parking space without using wires and cables.

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Lux: Total is leading example of oil supermajor expanding into solar plus storage and distributed generation

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Expanding into an area outside of the oil supermajors’ expertise is risky—batteries are a hard business to win even for industry veterans—but action is key as transportation and the grid increasingly march toward more electrification, Lux suggests. Asia challenges loom for battery acquirers.

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First reference installation of Opcon Waste Heat Recovery technology for ships; potential for 5–10% fuel savings

Green Car Congress

Considering today’s oil prices and the efforts being made by the IMO, for example with the coming International Energy Efficiency Certificate (IEE), we believe that this product really has come at exactly the right time. The entire merchant shipping fleet is estimated to account for 4-5% of global emissions of CO 2.

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KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

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In a new study, KPMG International has identified 10 “megaforces” that will significantly affect corporate growth globally over the next two decades. The report was released on the opening day of KPMG’s global “Business Perspective on Sustainable Growth: Preparing for Rio+20” summit occurring this week in New York.

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US EIA Projects World Energy Use to Grow 44% Between 2006 and 2030, CO2 Emissions Up by 39%

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The current global economic downturn will dampen world energy demand in the near term, as manufacturing and consumer demand for goods and services slows. World oil prices have fallen sharply from their July 2008 high mark. The EIA notes that experience demonstrates that world oil prices can be extremely volatile.

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