Chinese investment in shale-gas technology is a threat to US innovation ...Middle East

The Hill - News

While the U.S. stands at the forefront of shale-gas output, we ignore a hidden challenge -- one fueled by substantial and subsidized Chinese investments, which is stifling the innovation defining American prowess in this critical sector. President Biden’s 2024 budget includes more than $210 billion for federal research and development, the largest commitment ever, with more than half going to basic and applied research to rectify market failures and spur innovation. Yet the impact of foreign investments on the U.S. economy, environment, security and that very innovation, remains poorly understood. The technology to extract shale-gas originated during the Civil War, and over the dec

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Chinese investment in shale-gas technology is a threat to US innovation ...Middle East

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