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United Kingdom: Fracking firms 'should pay 6bn year tax to compensate for climate change'

2014-01-26 19:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Shale frackers operating in Britain should be paying 6bn a year in taxes by the middle of the 2020s to compensate for the damage wreaked on the environment, according to a study from Cambridge University. The government has made clear drillers such as Cuadrilla Resources and IGas should provide sweeteners to local communities affected by their activities but it would also be right for shale gas producers to pay for contributing to global warming, argues Chris Hope, a parliamentary adviser and...

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Devon Energy acquires GeoSoutherns Eagle Ford oil play assets for $6bn

2013-11-21 01:00:00| Hydrocarbons Technology

Devon Energy has acquired GeoSouthern Energys assets in the Eagle Ford oil play in DeWitt and Lavaca counties in Texas for $6bn.

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Airports to invest $6bn in information technology in 2013: SITA survey

2013-11-13 01:00:00| Airport Technology

Airports around the world are boosting their investment on information technology (IT) to $6bn in 2013, according to the 2013 SITA/ACI/Airline Business Airport IT Trends Survey.

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Clive Palmer's $6bn China First coalmine faces last two hurdles

2013-10-25 08:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The future of Clive Palmer's $6bn China First coalmine now rests on two separate environmental decisions by the federal minister Greg Hunt, as the mining magnate prepares to wield his powerful four-senator balance of power voting bloc from next July. On Friday, the Department of Environment posted a determination on its website that the mine would have to comply with new laws requiring a cumulative assessment of the impact it -- and other coal mega-mines in the Galilee Basin -- would have on water...

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Australia: Clive Palmer plan for $6bn China First coalmine tests new environmental laws

2013-10-14 08:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The managing director of Clive Palmer's proposed $6bn China First coalmine met senior federal Environment Department officials on Monday to determine "whether or not" new federal environmental laws would apply to the project. The mining magnate who has clinched a powerful four-senator voting bloc from next July needs a federal government decision before he can proceed with plans to export 40 million tonnes of coal each year. The decision is required under new laws passed by the former Labor...

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