this post was submitted on 28 Mar 2024
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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

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[–] [email protected] 28 points 7 months ago (1 children)

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?

[–] [email protected] 14 points 7 months ago (2 children)

This would be really hilarious if China developed the renewables to the point they would really be outright cheaper than fossils.

[–] [email protected] 20 points 7 months ago (1 children)
[–] [email protected] 13 points 7 months ago

Another proof for how pervasive monopoly capitalism is, and how Lenin was absolutely correct about imperialism.

[–] [email protected] 13 points 7 months ago* (last edited 7 months ago)

Even more funny that the oil companies could have transitioned into renewable and become the kings of that field, but they care more about maintaining fossil fascism than do the money so they just did greenwashing instead. Now they're going to get left completely in the dust.