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Scandal-ridden Petrobras makes large divestments

Heavily indebted oil major Petrobras has been selling out of assets in recent years, but future divestments could prove more difficult, according to sources speaking to the Wall Street Journal.

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EU Parliament increases green targets for Europe

The stage is set for a showdown with the member nations, particularly when it comes to the renewable energy directive, after the EU Parliament has today voted for a 35 percent target in 2030 and an equivalent target for energy efficiency.

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