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Cost to bury carbon near tipping point

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Bloomberg Skyrocketing carbon prices and a “code red” warning about the threat posed by climate change are giving fresh momentum to a technology that captures and removes greenhouse gas emissions so they can be buried. The market for these tools could reach $2 trillion if used to cut pollution from heavy industry, according to Credit Suisse Group AG. With carbon ...

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Pemex can’t afford to build oil field it fought to control

Bloomberg Petroleos Mexicanos fought tooth and nail to wrest control of the country’s biggest private oil find from the companies that discovered it. Now it has found itself without the cash to actually develop the field. After taking operational control of the Zama megafield last month, the Mexican state-owned oil producer doesn’t have the nearly $2 billion needed to develop ...

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Amazon funding spurs union exodus from consumer board

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Bloomberg Three major unions have quit the board of the nation’s oldest consumer advocacy organisation, claiming funding from Amazon.com Inc has compromised the group’s progressive mission. In separate letters last month, the presidents of the United Food & Commercial Workers, the Communications Workers of America and the United Auto Workers wrote that their groups were resigning immediately from their roles ...

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