January 2017

By 2020, Honda, GM to jointly produce fuel cell power systems in U.S.

Fuel cell innovations could also be used in aerospace, military applications By Naomi Tajitsu and Paul Lienert TOKYO/DETROIT, Jan 30 (Reuters) – Honda Motor Co Ltd and General Motors Co (GM) will jointly produce pollution-free hydrogen fuel cell power systems in the United States from around 2020, the companies said Monday, despite President Donald Trump’s promises

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Chevron says to give CEO fewer stock options

Chevron says changes strengthen accountability for performance Jan 30 (Reuters) – Oil and natural gas producer Chevron Corp said it would give its top executive fewer stock options after shareholders expressed concern about executive pay. Oil companies have been restructuring pay packages of their top management after a two-year-long slump in oil prices eroded profitability.

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Oil prices slip as more U.S. drilling revives concern about glut

To get oil prices over $60/barrel in 2018, more supply cuts needed: Analysts  By Jessica Resnick-Ault NEW YORK, Jan 30 (Reuters) – Oil prices fell on Monday as news of another weekly increase in U.S. drilling activity had oil forecasters concerned that production cuts from other producing nations may not reduce the global supply glut as

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U.S. will change course on climate change policy: Former EPA transition head

U.S. may withdraw from UN Framework Convention on Climate Change By Nina Chestney LONDON, Jan 30 (Reuters) – The United States will switch course on climate change and pull out of a global pact to cut emissions, said Myron Ebell, who headed U.S. President Donald Trump’s Environmental Protection Agency (EPA) transition team until his inauguration.

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U.S. lawmaker moves to scrap SEC’s resource extraction rule

Opponents to move say resource extraction rule could help reduce corruption By Sarah N. Lynch and Lisa Lambert WASHINGTON, Jan 30 (Reuters) – Two senior U.S. lawmakers unveiled legislative plans on Monday to scrap a rule devised under the 2010 Dodd-Frank financial reform law requiring publicly-traded mining, oil and gas companies to disclose payments they make

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