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GE Investing Billions In Fracking

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General Electric Co. is embarking on a full-fledged effort to make its mark on the oil and gas industry, the Associated Press reported Monday.

Mark Little, a senior vice president for GE, told the AP that after doing “almost nothing” in the industry for the last decade, the company has invested more than $15 billion over the last few years — money that has gone toward the opening of a laboratory in Oklahoma and buying other companies. 

 

 

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