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E.ON to Be More Selective in Sponsoring Projects to Cut CO2

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June 29 (Bloomberg) — E.ON AG, Germanys biggest utility, will become more selective when it sponsors projects to reduce greenhouse gas, its chief executive officer said.

The Dusseldorf-based power generator has put up money for carbon-dioxide cutting efforts worldwide in exchange for United Nations emission credits, which it can use to comply with European Union pollution limits. E.ON developed several projects to curb emissions in nations including China, Thailand and South Africa, according to its Web site.

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