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Wind Farm in West Texas Photo: Jerry Lara, San Antonio Express-News
President Trump trumpeted his trade deal with China, but so far its energy provisions have been a bust, according to The Wall Street Journal. The Chinese have not purchased nearly the amount of energy (in terms of total dollars) as they promised — only $2B in oil and gas purchases against a commitment of $25B for this year. Clearly market prices dropped due to the coronavirus, but China’s energy purchases lag behind those of agriculture and manufactured products. At the same time, Chinese businesses are jumping into the renewable energy industry here in the U.S., developing projects even deep in the heart of Texas.
One of the key problems with the deal was that the U.S. agreed to targets in dollars, which means that the price drop made the financial targets very hard to achieve. Now Republicans and oil and gas execs are urging the President to push China to keep their promises and buy more from us — rather than the Saudis and Russia. This is a lose-lose proposition given climate change. China, as the largest greenhouse gas emitter and should be pushed to lower its imports of fossil fuels and cut its overall consumption.
Why This Matters: Methane leaks are dangerous — they have led to reports of tap water catching fire, toxic groundwater, and fatal explosions, all of which have been motivators for the federal government to track and seal these wells.
By Julia Fine, ODP Contributing Writer Last month, we reported on the plan of American companies to foist an increasing amount of plastic goods and garbage on African countries. These plastics represent the “thin reed upon which the [oil] industry is placing all its hopes.” But now, as David Roberts reported for Vox, a new […]
In the United States, electric utilities are an outsized influence on our political process. Utilities can be a force for good but as UC Santa Barbara professor Leah Stokes explained to ODP this past spring, “There is an abundance of shadow, dark money, and nonprofits groups whose missions’ are to stifle clean energy progress and […]
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