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Natural resources; Need to know
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Royal Dutch Shell: The Anglo-Dutch company plans to form an ethanol and fuel distribution joint venture worth up to $12 billion (£7.5 billion) with Cosan, a Brazilian sugar and biofuel group, becoming the latest energy producer to invest in the industry. Shell is also buying into a controversy over the conditions in which biofuels are produced. Cosan was put on a Brazilian Labour Ministry blacklist in December after an investigation in 2007 found that a cane-cutting contractor it employed was mistreating workers and employing minors. Page 37 ExxonMobil: The American oil company reported fourth-quarter profits of more than $19 billion, opening the reporting season for the world's top oil producers. Venezuela: The South American country has signed a deal with Russia to jointly develop an oilfield in its Orinoco River region.
Total: The French oil company is stepping up efforts to extract oil and gas from the North Sea, setting aside at least a fifth of its global upstream budget for the area, a senior company official said
Date: 21.03.2010
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