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BHP offboards its petroleum business in merger with Woodside; focus on “future-facing commodities”

Green Car Congress

Anglo-Australian BHP Group is merging its oil and gas business with Woodside Petroleum Ltd. 2P reserves of more than 2 billion boe comprising 59% gas, and 41% liquids. As part of this plan, Woodside and BHP have agreed an option for BHP to sell its 26.5% We will sustainably supply the commodities needed by the world.

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Shell to expand global LNG position with ~$6.2B deal with Repsol S.A.

Green Car Congress

Royal Dutch Shell plc has agreed to acquire part of Repsol S.A’s LNG (liquefied natural gas) portfolio outside of North America, including supply positions in Peru and Trinidad & Tobago, for $4.4 As part of this agreement, Shell has committed to supply around 0.1 billion in cash.

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Shell completes acquisition of Repsol S.A. LNG portfolio

Green Car Congress

s liquefied natural gas (LNG) portfolio outside North America for a headline cash consideration of $4.1 As part of the transaction, Shell will also assume $1.6 As part of the transaction, Shell will also assume $1.6 mtpa capacity on a 100% basis (20-25% equity per train); operated by Atlantic LNG Company of Trinidad and Tobago.

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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

Green Car Congress

At issue is the 2012 expiration of the Kyoto Protocol, a binding but effectively unenforceable 1997 treaty that had set greenhouse gas (GHG) emission reduction targets for 40 industrialized countries, referred to as Annex 1 countries, yielding an average GHG reduction of 5.2% “ Bretton Woods plus Yalta, multiplied by Reykjavik.

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