zybathegeek

China Energy, World's Largest Power Company, Investing $83.7B in West Virginia

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Why is this not being reported by the main stream press?

 

Clearly doesn't fit their narrative about President Trump.

 

Quote

China Energy, World's Largest Power Company, Investing $83.7B in West Virginia

author: PPD Business Staff
2 minutes

President Donald J. Trump, right, and Chinese President Xi Jinping, left. (Photo: Reuters)

President Donald J. Trump, right, and Chinese President Xi Jinping, left. (Photo: Reuters)

China Energy Investment Corp, the world’s largest power company by asset value, will invest $83.7 billion in shale gas, power and chemical projects in West Virginia.

 

The West Virginia Department of Commerce announced the company signed a memorandum of understanding (MOU) on Thursday, thanking President Donald Trump for “working tirelessly to broker the largest international investment deal” in the state’s history.

 

“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,” Senator Shelley Moore Capito, R-W.Va., said in a statement.

 

China Energy has an estimated 326,00 staff, a workforce almost four times bigger than the entire U.S. coal-fired power industry in 2016.

 

The agreement is the also the largest among multiple deals signed during President Trump’s first visit to Beijing since taking office. The total value of the slew of deals done during the trip is more than $250 billion, excluding the shale investment in West Virginia.

 

The deal comes only one day after the U.S. and China had signed agreements for products that included U.S.-made jet engines, auto parts, liquefied natural gas and beef. That deal alone totaled more than $250 billion and will assuredly help to offset the trade gap favoring Beijing.

 

 

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Just now, zybathegeek said:

That deal alone totaled more than $250 billion and will assuredly help to offset the trade gap favoring Beijing.

I'll bet all he had to do was ask.

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1 hour ago, BrianBM said:

What's the nature of the deal, and what tax subsidies and concessions has the state of WV agreed to give, for the deal?

They might lose all the tax revenue they currently don't have.

Edited by JimG
Stupid phone

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I believe those words spoken by HRC were part of her demise as a candidate. Working class folks never want to here negative banter such a what she spewed about their livelihood being done away with. 

It sounds to me like she intentionally put the screws to herself

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On 11/9/2017 at 4:41 PM, catchit said:

For export?  Or production of electricity in the US?

 

On 11/9/2017 at 7:43 PM, BrianBM said:

What's the nature of the deal, and what tax subsidies and concessions has the state of WV agreed to give, for the deal?

Interesting development. Part of the plan IS for power plants.

 

Why the communist Chinese, and not US companies interested in this?

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