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George Mitchell, father of fracking, dies at 94

2013-07-27 06:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: George Phydias Mitchell, a petroleum engineer who transformed the natural gas industry by using hydraulic fracturing to pull the fuel out of shale formations, died of natural causes at the age of 94 on Friday. A native of Galveston, Texas, who rose from modest means to become a billionaire philanthropist, he was the chairman and chief executive officer of Mitchell Energy & Development, which was sold to Devon Energy Corp for $3.5bn in 2002. His death was announced on the website of his foundation....

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VIDEO: George Osborne works the night shift

2013-07-25 11:26:24| BBC News | Business | UK Edition

The chancellor, George Osborne, spent the night visiting several businesses who operate at night.

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George Osborne unveils 'most generous tax breaks in world' for fracking

2013-07-19 01:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: George Osborne has infuriated environmentalists by announcing big tax breaks for the fracking industry in a bid to kickstart a shale gas revolution that could enhance Britain's energy security but also increase its carbon emissions. The Treasury has set a 30% tax rate for onshore shale gas production. That compares with a top rate of 62% on new North Sea oil operations and up to 81% for older offshore fields. So far, no shale gas has been produced in Britain, but exploratory drilling is under...

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Facebook Under Fire Over 'Kill George Zimmerman' Pages

2013-07-17 02:38:21| PC Magazine Software Product Guide

Facebook has removed some user-generated pages and left others up promoting violence against a Florida man found not guilty for the shooting death of Trayvon Martin in 2012.

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