Thursday, July 20, 2023

what matters more: our enmity with China or our desire to decarbonize quickly

 --- Aniket Shah, head of ESG strategy Jefferies, quoted in The Biggest Winners in America’s Climate Law: Foreign Companies, Wall Street Journal, July 20, 2023

In context

The large investments by overseas businesses have generally been welcomed by U.S. communities, many of which have benefited for decades from spending and jobs created by foreign automakers and other companies. But some investments from Chinese companies have fueled a backlash as tensions between the two countries escalate. 

...

“What we’re seeing is foreign policy conflict with climate policy and trade policy,” Shah said. “We’re going to have to decide as a country what matters more: our enmity with China or our desire to decarbonize quickly.”

(This question could be shibboleth to distinguish between Republicans and Democrats.)