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Summary of decisions from Durban climate conference

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Parties to this second period will turn their economy-wide targets into quantified emission limitation or reduction objectives and submit them for review by 1 May 2012. markets all remain in action as effective tools to leverage global climate action and as models to inform. future agreements. Green Climate Fund. forward in 2012.

Climate 294
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Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

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If you are the world’s leading energy economy, you produce energy, that’s what you do.”. “A Of this, the Saudi government will finance $239 billion, while private investors will finance $79 billion, as well as investments in refining (which it does not specify). by Dalan McEndree for Oilprice.com. “If If You’re a Government.

Oil 150
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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil. Market” forces include many components.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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Energy is the foundation of Russia, its economy, its government, and its political system. Control over the transportation assets in this region together with vast gas reserves make Russia the key element of this new market.”. from a market for Russian crude and natural gas (via LNG) to a global competitor.

Russia 150
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GE and Clean Energy Fuels Partner to expand LNG refueling infrastructure in US for trucks; new MicroLNG plants

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Further underscoring GE’s commitment to expanding natural gas transportation infrastructure, GE Energy Financial Services is providing up to $200 million in financing for the two GE MicroLNG plants. The new system will help reduce a fleet operator’s fuel costs by more than 25% compared to diesel fuel.

Clean 286
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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

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In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. In other major export markets, demand is stagnant. is no longer a growth market for oil exporters.