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Chinese firms will play a larger role than initially expected in the $2.5B Texas Clean Energy...

Chinese firms will play a larger role than initially expected in the $2.5B Texas Clean Energy Project that will seek to generate cleaner electricity from coal. The state-owned Export-Import Bank of China will be the plant's sole lender, and Sinopec (SNP) will manage construction of a critical portion of the plant. The project is in line to receive $450M in U.S. government assistance.
Comments (1)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    Blimey, this cronyism sure gets tricky. Obama famously wanted to put coal companies out of business through onerous regulation that would bankrupt them and lead us to our clean-green future. Now taxpayers in Idaho and Nebraska and New Hampshire are going to subsidize a coal project in booming Texas?

     

    I guess you need an Ivy League education to keep up with this stuff.
    13 Sep 2012, 10:00 AM Reply Like
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