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Gibraltar court awards Chevron $28 mln in damages

Dec 16 (Reuters) - Chevron Corp won $28 million in damages after Gibraltar's highest court ruled against a company that was set up to receive and distribute funds resulting from a judgment against Chevron in Ecuador.

European Parliament set to hold inquiry into VW emissions scandal

BRUSSELS, Dec 16 (Reuters) - The European Parliament plans to set up a committee to investigate Volkswagen's emissions scandal and determine whether regulatory oversight of the car industry was too lax.

Making Sense of the Tax Credit Extensions for Wind, Solar (and Bioenergy, Too)

Tuesday December 15 was a good day for U.S. renewable energy companies. In a landmark deal that could mark the first time the Senate and House Democrats and Republicans under Barak Obama were able to compromise on anything at all, the two parties released an omnibus spending bill that lifts the 40-year U.S. oil export ban and gives a five-year extension of renewable energy tax credits for wind and solar.

UPDATE 1-Motorists hit the roads in record volumes in October - U.S. DOT

NEW YORK, Dec 16 (Reuters) - Motorists logged 273.5 billion miles on U.S. roads in October, a 2.4 percent increase over last year and the most ever for the month, according to data released on Wednesday by the U.S.

Hydro dams best for massive power storage - Iberdrola's Galan

PARIS, Dec 16 (Reuters) - Pumping water to higher levels when power is cheap and releasing it at times of peak demand is still the best option for massive energy storage and seaside cliffs have potential for that, Spanish utility Iberdrola's chief executive Ignacio Galan said.

CORRECTED-Motorists hit the roads in record volumes in October - U.S. DOT

NEW YORK, Dec 16 (Reuters) - Motorists logged 273.5 billion miles on U.S. roads in October, a 2.4 percent increase over last year and the most ever for the month, according to data released on Wednesday by the U.S.

UK to allow shale gas fracking beneath national parks

LONDON, Dec 16 (Reuters) - British lawmakers on Wednesday voted in favour of the use of fracking to extract shale gas under national parks, weakening a decision against fracking in national parks made earlier this year and giving shale gas explorers access to more resources.

UPDATE 2-Angola signs oil deal with Sinochem in bid for Chinese buyers

LONDON/BEIJING, Dec 16 (Reuters) - Angola is expanding its long-term oil sales deals to China, signing a 10-year agreement with Sinochem Group that would make the Chinese firm one of the largest contract buyers of Angolan oil.

India to allow more state-run companies to sell coal

NEW DELHI, Dec 16 (Reuters) - India will allow more state-run companies to sell coal to industry, according to a government statement on Wednesday, in a bid to bolster the country's coal production and reduce imports.

Ryan says spending, tax bills will have bipartisan support

WASHINGTON, Dec 16 (Reuters) - U.S. House of Representatives Speaker Paul Ryan on Wednesday said bills to fund the government and extend tax breaks are expected to garner support both from Republicans and Democrats in the chamber.

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