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Vital salt marshes are disappearing

  WELLS, Maine / AP The Ridgway’s rail is a rare bird that relies on the salt marshes south of Los Angeles to survive. And that’s why its future is in doubt — the salt marsh is disappearing under rising seas. Scientists working with the federal government said the rail’s plight at Seal Beach National Wildlife Refuge is indicative of what’s ...

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Green tech gets boost from EU’s venture capital funds

  Bloomberg Green technologies from rooftop solar to projects that turn waste into electricity are getting a boost from venture capital funds, which raised their investments in clean energy at the fastest pace in nine years in 2016. VC funds funneled $834 million into the clean-energy industry last year, the third consecutive annual increase and the most since Bloomberg New ...

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Oil overhang points to need for extended OPEC output cuts

  Reuters An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but implementing the reduction for just six months means the producer group will fall short of achieving its objective of rebalancing the market. The Organization of the Petroleum Exporting Countries and non-OPEC producers in December reached their first deal since ...

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Arctic oil town fears future as Imperial plans to shut down wells

  Bloomberg When oil topped $100 a barrel three years ago, the tiny village of Norman Wells in Canada’s high arctic was gearing up to be the “Dubai of the Mackenzie River,” with oil revenue bringing prosperity to all. Now, with oil at half that price and one of Canada’s oldest wells set to close, the future is less certain ...

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Latest snag for Canada Petronas LNG plan a political race

  Bloomberg The latest challenge facing a $27 billion liquefied natural gas terminal that Malaysia’s Petroliam Nasional Bhd. wants to build in western Canada: the race for the office of the premier in British Columbia. John Horgan, leader of the province’s opposition New Democratic Party thrust the LNG project into the middle of his campaign on Friday, telling reporters it ...

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Teva Pharmaceutical’s outlook dims as CEO leaves

  Bloomberg Teva Pharmaceutical Industries Ltd.’s chief executive officer unexpectedly left after just three years, leaving the world’s largest maker of cheap copycat medicines floundering for a new boss as its outlook dims and the shares slump. Chairman Yitzhak Peterburg became CEO on an interim basis following Erez Vigodman’s departure, and a search is underway for a successor, the Petach ...

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Freebies herald rural India spending spree

  Bloomberg India’s politicians are promising everything from smartphones to pressure cookers in a free-for-all that could signal the start of a spending spree in the country’s hinterland. In Uttar Pradesh, a state of 200 million people voted in legislative elections on Saturday, parties including Prime Minister Narendra Modi’s Bharatiya Janata Party offered a range of freebies — which have ...

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South Korean investigators to again summon Samsung heir

  SEOUL / AP South Korean prosecutors investigating the corruption scandal involving impeached President Park Geun-hye said on Sunday that they plan to summon Samsung heir Lee Jae-yong again as they look into bribery allegations between Park and the country’s largest busi- ness group. Lee, the billionaire vice chairman of technology giant Samsung Electronics, will be summoned along with two ...

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Toyota, Suzuki to work together in green, safety technology

  TOKYO/ AP Japanese automakers Toyota and Suzuki, which began discussing a partnership in October, said they would work together in ecological and safety technology — a rapidly growing area in the industry. Toyota Motor Corp., the maker of the Camry sedan, Prius hybrid and Lexus luxury models, and Suzuki Motor Corp., which specializes in tiny cars, announced the decision, ...

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