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News - China Complicates Biden's Climate Change Cooperation Push


Climate Change Weekly #387
President Joe Biden has made fighting climate change the cornerstone of his administration’s domestic and international policy initiatives. This fact is already creating a huge China problem for Biden and the United States.
John Kerry is Biden’s handpicked climate envoy, responsible for negotiating international agreements to accelerate greenhouse gas emission reductions to fight climate change. An article in
Vox notes that the U.S. relationship with China will be all about climate change under the Biden administration:
In December, US foreign policy expert Thomas Wright wrote an article in the Atlantic with a provocative claim: That Kerry would prioritize extracting climate change-related concessions from China, and to do so would minimize America’s plans to push Beijing on trade, security, and human rights issues: ....

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Chinese Firm Shandong Xinchao Expands Its Foothold in Texas' Oil-Rich Permian Basin


AP Feed
On Sunday, China’s Shandong Xinchao announced its decision to shell out $420 million to purchase oil-producing acreage from Grenadier Energy in the Texas Permian Basin.
Or rather, Surge Energy of Houston made the announcement via PR Newswire.
HOUSTON, Jan. 31, 2021 /PRNewswire/  Surge Energy US Holdings Company (“Surge Energy” or the “Company”) announced in the US that it, through its subsidiary, has signed a purchase and sale agreement to acquire leasehold interest and producing wells from Grenadier Energy Partners II LLC (“GEP II”) in Howard County, TX (the “Transaction”).  The aggregate purchase price of the Transaction is expected to be approximately $420 million USD. ....

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Shandong Xinchao Plans $420 Million U.S. Energy Asset Purchase


Shandong Xinchao Plans $420 Million U.S. Energy Asset Purchase
Bloomberg
1/31/2021
Bloomberg News
© Bloomberg
A worker walks down from an access platform as a gas flare stands beyond in the Duna oil refinery, operated by MOL Hungarian Oil & Gas Plc, in Szazhalombatta, Hungary, on Monday, Feb. 13, 2019. Oil traded near a three-month high as output curbs by OPEC tightened global supply while trade talks between the U.S. and China lifted financial markets.
(Bloomberg) Shandong Xinchao Energy Corp. plans to buy oil and gas assets from a U.S. company for as much as $420 million, according to an exchange filing from the Chinese firm. ....

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