Yellen, who is planning her second trip to China as Treasury secretary, said Wednesday in Georgia that she will convey her belief to her Chinese counterparts that Beijing’s increased production of green energy also poses risks “to productivity and growth in the Chinese economy.”
U.S. Trade Representative Katherine Tai said in response to the complaint that the U.S. subsidies are a “contribution to a clean energy future” while China “continues to use unfair, non-market policies and practices to undermine fair competition.”
This almost reads like an article from The Onion
Oil companies: AHA! I was greenwashing the entire time! DRILL BABY DRILL
China: Don’t care, we’re rolling out renewables that will compete you out of the market
Oil companies: [frustrated crying face] noo you cant do that what about our profits?
This would be really hilarious if China developed the renewables to the point they would really be outright cheaper than fossils.
It already is and has been for the last decade.
https://en.m.wikipedia.org/wiki/Levelized_cost_of_electricity
Another proof for how pervasive monopoly capitalism is, and how Lenin was absolutely correct about imperialism.
the most progressive administration in the history of the united states everybody…
Wowwwww…
Us to underdeveloped countries: sorry bro can’t use coal anymore, the planet and all ya know. Sucks to suck friendo.
Us to developing countries starting off on a better foot than us: nooooooo not like that! What about the shareholders!?!?
Yes and the U.S. was also literally like “why should we stop burning coal, the underdeveloped countries (esp China) will still be burning coal decades after we stop, it’s not going to make a difference if we stop”.
Turns out the real driving force was actually bribery (“lobbying”) all along.
unfair trade barriers
Did they forget what globalization means? Globalization means that other countries open their economy completely to U.S. companies while the U.S. grants import quotas (at best) for other countries (as long as they behave nice).
And what does this actually mean:
“I will press my Chinese counterparts to take necessary steps to address this issue.”
“Let me win again Mom said it’s my turn to win again.”
Give me heavily subsidized US made electric vehicles or STFU.
