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West Virginia signs investment pact with China Energy

AP

CHARLESTON, W.Va. (AP) — West Virginia officials say they have an agreement with China Energy Investment Corp. Ltd. for the company to invest $83.7 billion in shale gas development and chemical manufacturing in West Virginia over 20 years.

State Commerce Secretary Woody Thrasher and China Energy President Ling Wen signed the memorandum in Beijing as part of the US-China trade mission during President Trump’s visit.  

Commerce officials say it is part of an overall $250 billion of planned Chinese investments in the U.S.

They say project planning will focus on power generation, chemical manufacturing and underground storage of natural gas liquids and derivatives.

West Virginia has large underground shale gas reserves.

West Virginia University has been jointly researching coal liquefaction with mining company Shenhua Group, which merged with Guodian Group to form China Energy.

https://apnews.com/0ed641c8551c41509b4845baa8ec7e67/West-Virginia-signs-investment-pact-with-China-Energy

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5 Responses to West Virginia signs investment pact with China Energy

  1. mary in ND says:

    so……China is making America great again??? >>> CHIMERICA

  2. Ofdizee says:

    OMG. Salting the earth. What the frick is a state doing making deals with foreign countries. Fork you china

  3. flee says:

    Woody Thrasher….

    Let me guess the assistant Secretary of Commerces name is….

    Drum roll plz….

    ” Dick Hertz”

  4. WIL E.KOYOTE ( SUPER GENIUS) says:

    THIS IS WHAT HAPPENS WHEN YANKEE CARPETBAGGERS RUN YOUR GOVERNMENT.

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