China is building a lot more coal fired power plants Why???

[dan_s]

Could it be that they don't FEAR Global Warming?

Notes below from this: https://internationalman.com/articles/b ... azi-train/

The author argues that by pushing green energy, the US is ceding control of critical global energy infrastructure to China.

Here is what is transpiring. China will keep paying lip service to the woke ideology while capturing the bulk of the energy market, and by the time we all wake up, they’ll control the world’s energy and logistics chains. And once they’ve done that, they’ll be able to control the reserve currency and once they’ve done that… well, they will be the dominant power. Game over. At this rate they’ll get there in a frighteningly rapid period of time. No more than a couple of decades.

Every week I find myself saying to myself “I just can’t believe this sheit I am reading.” It is the same old story. The West see themselves as above the East and that the West (North America and Europe) can dictate to the rest of the world what they must do.

“China put 38.4 gigawatts (GW) of new coal-fired power capacity into operation in 2020, according to new international research, more than three times the amount built elsewhere around the world and potentially undermining its short-term climate goals.”

Nearly all of the 60 new coal plants planned across Eurasia, South America and Africa — 70 gigawatts of coal power in all — are financed almost exclusively by Chinese banks”

We may already be seeing the consequences of demonizing fossil fuels, in the form $6 natural gas in the US. The ESG zombies seem to be very serious about choking off capital to the sector. It's just incredibly misguided. The container-ship bottlenecks are telling you the global economy is booming so more energy will be needed, not less.