Utopia Talk / Politics / China Energy To Invest $83.7 Billion in

Hot Rod Revved Up	Tue Nov 21 07:57:24 West Virginia. November 9, 2017 / 1:21 AM / 12 days ago China Energy Investment signs MOU for $83.7 billion in West Virginia projects Reuters Staff BEIJING (Reuters) - China Energy Investment Corp, the world’s largest power company by asset value, has signed a memorandum of understanding (MOU) to invest $83.7 billion in shale gas, power and chemical projects in West Virginia, the U.S state said on Thursday. The agreement was the biggest among a slew of deals signed during U.S. President Donald Trump’s state visit to Beijing. The total value of the deals done during Trump’s trip could be as much as $250 billion. The gas and power agreement marks the first overseas investment for newly founded China Energy, which formed from a merger of China Shenhua Group [SHGRP.UL], the country’s largest coal producer and China Guodian Corp [CNGUO.UL], one of its top five utilities. Beijing is supporting and encouraging its power companies to expand globally, and the agreement underscores China Energy’s ambition to diversify into natural gas and the refining sector. The touted investment would extend over a 20-year period, covering projects for power generation, chemical manufacturing and the underground storage of liquefied natural gas (LNG), West Virginia’s Department of Commerce said in its announcement. The deals will likely help create jobs in West Virginia and lift its economy. West Virginia’s gross domestic product declined 0.9 percent in 2016, reversing growth seen in 2015, according to the Bureau of Economic Analysis at the U.S. Department of Commerce. “From driving growth and creating jobs to maximizing America’s energy potential, the benefits for West Virginia and the country from this new investment will be significant,” said U.S. Senator Shelley Moore Capito, West Virginia, according to the statement from the state’s Department of Commerce. With an estimated 326,00 staff, China Energy has a workforce almost four times bigger than the entire U.S. coal-fired power industry for 2016. The Chinese energy conglomerate has an installed capacity that tops 225 gigawatts, eclipsing major international rivals EDF (EDF.PA) and Enel (ENEI.MI). China Shenhua Energy (601088.SS) jumped 7.4 percent on the announcement to close at 22.05 yuan per share on Thursday. Reporting by Meng Meng and Josephine Mason; Editing by Joseph Radford and Tom Hogue Our Standards: The Thomson Reuters Trust Principles. http://www...um-for-6-billion-idUSKBN1DK02S
Limousine Liberal Member	Tue Nov 21 08:39:32 Looks like coal miners are out of the job.
Paramount Member	Tue Nov 21 11:50:28 It will mean that China will own West Virginia, right? ”Looks like coal miners are out of the job” Yeah, that too.
Paramount Member	Tue Nov 21 11:57:24 China invest because they intend to make loads of moneys out of america. That is the reason why they invest. China is goin full capitalistic now. They are gonna exploit u and milk u dry. Have u learned how to say ”yes, please” in Chinese yet? Owned
Delude Member	Tue Nov 21 13:01:27 America first, LOL.
Hot Rod Revved Up	Tue Nov 21 19:16:01 You people are so dense. You need to be locked away before you hurt someone.
delude Member	Tue Nov 21 19:17:07 Wow, what a rebuttal. So in other words, you cannot discount what is said since it is more probable the case and factual.
Hot Rod Revved Up	Tue Nov 21 20:13:28 No, but why should I rebut something that is so obvious? It is a win, win. China makes money while putting thousands of Americans to work. And they just might end up buying some of our cleaner coal.
delude Member	Tue Nov 21 20:17:38 Wow. You are unbelievably clueless. "It is a win, win. China makes money while putting thousands of Americans to work. " They are putting thousands out of work in the coal industry. You know the same coal industry that Trump was supposed to save but yet has ignored them. While yes, a foreign company is coming it that will put others to work, this still furthers the concept of cleaner and better utilization of energy resources, again putting coal miners out of work. 'cleaner coal' is a complete misnomer and has little to no effect as it was used as a PR move for dumb people to buy into, ya know people like you.
Hot Rod Revved Up	Tue Nov 21 20:43:14 See what I mean multi.
delude Member	Tue Nov 21 20:47:44 Oh, does that mean you can't address the points that is made. Alright, I do accept your concession that you are unable and incapable of countering the points that are made because you are too much of a chickenshit bitch because you hate facts. That should be your tag.
Hot Rod Revved Up	Tue Nov 21 20:51:11 "Beijing is supporting and encouraging its power companies to expand globally, and the agreement underscores China Energy’s ambition to diversify into natural gas and the refining sector. The touted investment would extend over a 20-year period, covering projects for power generation, chemical manufacturing and the underground storage of liquefied natural gas (LNG), West Virginia’s Department of Commerce said in its announcement." 'Over a 20 year period,' most or many of the current miners will be retired. Meanwhile, if the younger generation has any brains they will be preparing for the next generation of energy. Economic change does not operate like a light switch.
delude Member	Tue Nov 21 20:58:37 Not entirely sure your point but it doesn't address "China Energy’s ambition to diversify into natural gas and the refining sector. " Which means China understands coal is a dying industry and that this puts coal miners in WV in a position of losing their jobs. "most or many of the current miners will be retired. Meanwhile, if the younger generation has any brains they will be preparing for the next generation of energy. Economic change does not operate like a light switch. " You fuckhead that is the point. While you have in the past touted that Trump is going to help the coal miners and railed against topics or subjects regarding alternative energy sources, which is progressing. You have been adamantly against it. The rest of the world or the country for that matter is focusing on that. While dumbasses like yourself and Trump keeps talking about coal. Everyone acknowledges, except for dumbasses llike yourself and Trump, that coal is a dying industry and that other resources should be utilized and also the fact that gas is cleaner. But it doesn't stop there. How you argued against this concept for so many years and lately the latter months is beyond comprehension.
Hot Rod Revved Up	Tue Nov 21 21:04:26 I give up, you are too fucking dense to comprehend the simplest scenarios. That's why you keep changing your tag, no one wants to be bothered with you.
delude Member	Tue Nov 21 21:05:38 My tag hasn't changed numbnuts. But, it's cool, I accept your concession.
delude Member	Tue Nov 21 21:05:48 Again.
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