Economics
China Trade Fight Puts Billions in U.S. Energy Projects in Doubt
- Escalating trade tensions mean announced deals could be off
- ‘Everything is in jeopardy’ for energy plans across the U.S.
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China Energy Investment Corp. pledged almost $84 billion in shale gas and chemical manufacturing projects across West Virginia after President Donald Trump’s trade mission to Beijing in November, but when it came time to discuss details officials were a no-show.
The chief executive and other officers of the world’s largest power company canceled a visit to a petrochemical conference in Pittsburgh, where the projects were to be discussed, casting doubt on their fate amid an escalating trade war between the U.S. and China.