Trump Lands $84 Billion Chinese Fracking Contract For West Virginia

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China Energy Investment Corporation Limited has signed an agreement with the West Virginia Dept. of Commerce on an $83.7 billion plan to invest in shale gas development and chemical manufacturing projects in West Virginia. The Memorandum of Understanding was signed Thursday in Beijing, witnessed by President Donald Trump and Chinese President Xi Jinping.

8 thoughts on “Trump Lands $84 Billion Chinese Fracking Contract For West Virginia

  1. I suspect, JoAnn, that’s there absolutely no regulation on fracking operations on West Virginia. And soon they will be dealing with the exactly same cancer clusters and other problems as we do here in Taranaki.

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  2. I honest think that’s another myth perpetuated by the oil/gas industry, Alan. Fracking is an incredibly expensive technology. Solar and wind energy are far cheaper and easier to set up and with the rapid advance of battery technology, a combination of solar, wind, mini-hydro and wave generation can easily provide a base load 24/7.

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