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U.S. energy firms push states for carbon markets to spur renewable fuel growth

13 Dec 2021

By Laura Sanicola (Reuters) – U.S. energy companies are pressing states to speed development of low-carbon fuel markets, warning that numerous proposed projects to make renewable natural gas and other biofuels may fizzle. State programs, led by California’s Low Carbon Fuel Standard (LCFS), reward fuel producers for decarbonizing by producing renewable fuels, who have responded …

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Dollar Tree proposes settlement talks to activist investor Mantle Ridge

12 Dec 2021

By Svea Herbst-Bayliss BOSTON (Reuters) -Dollar Tree said on Sunday it offered to explore a settlement with Mantle Ridge and hand a board seat to a former chief executive of a rival retailer, saying the activist investment firm’s decision to seek control of its board is “unwarrantedly aggressive.” Dollar Tree is reacting publicly to Mantle …

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Dairy exporter Fonterra to invest $2.7 billion to grow, cut emissions

12 Dec 2021

(Reuters) – Fonterra Co-Operative Group Ltd, the world’s biggest dairy exporter, said on Monday it would invest about NZ$4 billion ($2.72 billion) by 2030 to move milk into higher value products, pursue growth, and reduce emissions. The New Zealand-based firm expects to return NZ$1 billion to investors over the next decade on the back of …

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Iran draft budget eyes growth, more oil sales despite sanctions

12 Dec 2021

DUBAI (Reuters) -Iranian President Ebrahim Raisi presented an upbeat state budget on Sunday that aims for 8% economic growth and increased crude oil sales of 1.2 million barrels per day (bpd) despite continued U.S. sanctions. World powers and Iran were locked in talks this week on reviving their 2015 nuclear deal and lifting U.S. sanctions, …

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Intel shows research for packing more computing power into chips beyond 2025

11 Dec 2021

By Stephen Nellis (Reuters) – Research teams at Intel Corp on Saturday unveiled work that the company believes will help it keep speeding up and shrinking computing chips over the next ten years, with several technologies aimed at stacking parts of chips on top of each other. Intel’s Research Components Group introduced the work in …

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Cemex says U.S. Justice Dept. closed anti-trust investigation

11 Dec 2021

MONTERREY, Mexico (Reuters) – Mexico’s Cemex, one of the world’s largest cement companies, said Friday that the U.S. Department of Justice (DOJ) has closed an investigation against the company for a possible violation of anti-trust laws. Cemex also reported that it was fined about 68 million euros ($77 million) by Spanish authorities following tax audits …

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