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Venezuela ordered to pay Exxon $1.6 billion
2014-10-10 00:59:28| Chemicals - Topix.net
An international arbitration panel is ordering Venezuela's government to pay Exxon Mobil $1.6 billion for the nationalization of a major oil project in the South American nation. Exxon in a statement that the decision by the World Bank's investment dispute panel confirms that the government failed to provide fair compensation for the seized assets.
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Venezuela must pay Exxon $1.6 billion for nationalizations: ICSID
2014-10-10 00:47:26| Oil & Gas - Topix.net
A World Bank arbitration tribunal has determined Venezuela must pay Exxon Mobil Corp around $1.6 billion to compensate for a 2007 nationalization, the award posted on the ICSID website Thursday showed. A separate decision by the Paris-based ICC in 2012 ordered Venezuela state oil company PDVSA pay Exxon $908 million.
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Efficiency Worth More Than Renewables at $310 Billion, IEA Says
2014-10-09 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Investments in measures to curb energy waste and boost efficiency are overtaking wind and solar spending and have reached at least $310 billion a year, the International Energy Agency said. Thats almost $100 billion higher than investment in renewable energy in 2013, which amounted to $213 billion, according to estimates from Bloomberg New Energy Finance. Demand dropped as much as 5 percent from 2001 to 2011, largely due to investments in efficiency, the Paris-based agency said today in a...
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Global aerospace plastics market to hit $6.5 billion by 2018: report
2014-10-08 19:42:00| Canadian Plastics Headlines
The global aerospace plastics market was worth US$6.2 billion in 2011 and is expected to blast off to US$10.5 billion by 2018, according to a new report from Transparency Market Research (TMR).
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Mobile wallet market to hit USD 1,602 billion by 2018-study
2014-10-08 15:05:00| Telecompaper Headlines
(Telecompaper) The global increase in smartphone penetration is set to boost the value of the mobile wallet market to USD 1,602.4 billion by 2018, according to a report by Transparency Market Research. The global compound annual growth rate (CAGR) during the 2012-2018 forecast period is expected to be 30.7 percent, with EMEA predicted to be the largest market for the mobile wallet industry in 2018. Asia-Pacific is expected to be the fastest growing region in terms of revenue during the forecast period, with a CAGR of 31.0 percent.
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