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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)
  • 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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