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Europe may reconsider stance on fracking

Recent political events in Ukraine and Russia's involvement may cause some EU member-states to reconsider their stance towards hydraulic fracturing.
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Citgo faces $197 million fine for Lake Charles oil spill

Oklahoma-based refiner Citgo Petroleum Corp. may face a $197 million fine for the 2006 oil spill at its refinery in Lake Charles, La.
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FDA stops fish product imports by three New York companies

The U.S. FDA has sent warning letters to three New York companies specializing in imports of fish and seafood products.
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EPA settles air pollution violations with Texas refinery

Flint Hills Resources will pay a $350,000 fine and invest in equipment that will control air pollution by recovering and recycling waste gases.
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Texans hold 80% of state's oil production revenues

Texas has as much as $140 billion in "petro-wealth" in producing petroleum reserves, a new analysis from Austin, Texas-based company Blackbeard Data Services reveals.
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Pfizer seeks to ban sales of generic Viagra in US

U.S. pharmaceutical corporation Pfizer has filed a lawsuit against Indian drug maker Torrent Pharmaceuticals Ltd. in an effort to prevent sales of a generic version of Viagra.
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New York state coke plant ordered to pay $12.5 million for air pollution

A New York state-based coke company has been ordered to pay a $12.5 million penalty for repeated violations of the Clean Air Act and the Resource Conservation and Recovery Act at its industrial facility.
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ICF: North America needs to increase midstream infrastructure investments

Oil and gas companies in the U.S. and Canada need to invest $641 billion in midstream crude oil, natural gas and natural gas liquids infrastructure.
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Canada's drug spending growth slowed by generics

Market share is increasing for generics drugs, which are typically much cheaper than branded and patented drugs.
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US refiners back crude oil export ban

The question of whether the ban on U.S. oil exports should be lifted has divided industry opinions for a long time, but in recent months the debate has resurfaced.
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