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How fossil fuels survive

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Anyone who tells you that dealing with climate change is simply a matter of sweeping away the obstructionism of oil companies is living in a dream world. The real obstacle is us — our vast dependence on fossil fuels and the difficulty of extricating ourselves without crippling the world economy. It’s true that the Trump administration has withdrawn from the ...

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Hong Kong skyscrapers aren’t on China’s yellow brick road

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Chinese billionaires who want to buy overseas assets without irking Beijing need to keep their eyes on the road. China Energy Reserve & Chemicals Group Co., a unit of state oil behemoth China National Petroleum Corp., has bowed out of the consortium that paid a record $5.2 billion for Hong Kong skyscraper The Center, barely four months after the deal ...

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China’s insurance regulator may get a hostile takeover

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With top Communist Party officials gathering in Beijing to set key government posts, the insurance regulator is looking like the weakest link. China is considering a merger of its banking and insurance watchdogs to streamline the fragmented regulatory system, as Bloomberg News reported in late January. A combination could be announced soon after the National People’s Congress, which starts next ...

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