China to Invest $31 Billion in ‘Clean Coal’

China’s state-run Global Times on Thursday announced the creation of a “special relending facility worth $31.6 billion to support the clean and efficient use of coal.” Chinese industry burns a titanic amount of coal, and is burning even more than usual at present to cope with a major energy crisis, to the growing displeasure of climate activists.

This picture shows the coal-powered Datang International Zhangjiakou Power Station in Zhangjiakou, one of the host cities for the 2022 Winter Olympics, in China's northern Hebei province on November 15, 2021. (Photo by GREG BAKER / AFP) (Photo by GREG BAKER/AFP via Getty Images)

China’s Coal Output Hits Multi-Year High as Climate Conference Continues

China’s state-run Global Times boasted on Monday – day seven of the COP26 climate conference in Scotland – that coal output has reached “the highest level in recent years,” so China’s vast array of carbon-spewing coal-fired power plants can “ensure energy supply security and residential heating during the winter.”

Chinese street vendors and customers gather at a local market outside a state owned Coal fired power plant near the site of a large floating solar farm project under construction by the Sungrow Power Supply Company on a lake caused by a collapsed and flooded coal mine on June 14, …