Not a surprise but certainly avoidable.
6/28/13, "In Obama's War On American Coal, China's The Victor," IBD Editorial
China's coal consumption soared to 4.33 billion tons last year, up
from 2.97 billion tons in 2007. While the president hopes China and
India will follow our example, such countries argue the West has had a
long head start and they are not about to suspend their economic growth
as they catch up.
China Doesn't Cap Growth
While pledging to reduce the share of fossil fuels in their energy
mix, the Chinese are not about to stunt their growth. Su Wei, China's
chief climate negotiator, says Western countries' emissions peaked when
their per capita GDP was between $40,000 and $50,000. He noted the
figure for China stands at $3,000. He has said China's emissions would
likely increase until its per capita GDP had reached about half of the
industrialized world's mark, which would mean a fivefold increase.
While U.S. emissions have fallen since 2005, China's are still
increasing right along with the output of its factories. The Rhodium
Group estimates that they were up by roughly 3.4% last year. China accounted for more than a quarter of worldwide
emissions in 2011, according to the U.S. Energy Information
Administration. The United States was responsible for just under 17%.
Global demand for coal is expected to grow to 8.9 billion tons by
2016 from 7.9 billion tons this year.
As of last November, there were at
least 1,199 coal plants on the drawing board, according to a new report
from the World Resources Institute. China is expected to add about 160
coal-fired plants within four years to the 620 operating now. During
that period, India will add more than 46 plants.
In the Chinese view, the journey to economic growth begins with a
single lump of coal. Obama's path won't save the planet but will cost
jobs and push up energy bills at home." via Free Republic
=====================
Ed. note: White patches behind part of this post were put there by google hackers.
.
George Soros gave Ivanka's husband's business a $250 million credit line in 2015 per WSJ. Soros is also an investor in Jared's business.
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- I'm the daughter of a World War II Air Force pilot and outdoorsman who settled in New Jersey.
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