Mergers and acquisitions deal values declined by more than 20 percent last year, coming in at $337 billion, down from $423 for 2012, according to an EY study on global oil and gas transactions issued earlier this week.
Grants and tax breaks designed to lower energy production costs fell sharply after commodity prices plunged in 2008. A new report points out they have returned to levels not seen since the financial crisis, reaching up to $1.9 trillion.
Greenpeace activists dressed in tiger suits climbed atop the Mumbai headquarters of Essar Group and unfurled a banner protesting a coal-mining project proposed by billionaire brothers Shashikant and Ravikant Ruia.
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