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Business

Oil giants join corporate green push, swayed by climate pacts

TOKYO -- Global efforts to combat climate change have made cutting emissions a big business, creating new opportunities for green startups and pushing established companies to shrink their carbon footprint.

Royal Dutch Shell, Saudi Aramco and eight other petroleum companies from Europe and emerging nations pledged Friday to invest $1 billion over 10 years in the development of technology to reduce carbon emissions. This will include efforts to recapture and store carbon, as well as technology to reduce methane leaks during oil and gas production.

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