U.S. outpacing China in fossil fuel spending for first time in decades - FT

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U.S. outpacing China in fossil fuel spending for first time in decades - FT

Jul 04, 2026, 9:25 PM ETState Street Energy Select Sector SPDR ETF (XLE), XLUIDU, VDE, VPU, IXC, XOP, RSPU, FUTY, SIEGY, UTES, SRVR, DTCR, TRFK, GEV, VOLTBy : Carl Surran, SA News Editor

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U.S. investment in fossil fuel technologies is set to overtake China for the first time in decades, due largely to surging orders for gas-fired turbines as companies rush to build out data centers, the Financial Times reported this week, citing

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