I took it out of the meme to avoid seeming cluttered, but I must mention that they don’t just want USian corporations to have the monopoly. Renewables are at odds with capitalism and capitalists know oil is more lucrative than less labor intensive alternatives. Ted Reese makes a strong explanation for the lack of adoption of hemp and solar in SoE.
Tbf there is a resource extraction problem, but that is significantly higher in the "we just need to line Elon Musk's pockets so more people have cyber trucks" approach than the "you can have a good EV for yourself if you want but we also have great public buses and trains running on renewables" approach.
Edit: the book that I mentioned criticizes both approaches and offers an interesting hemp based solution. I think it's right and hopefully China more hops on that train. Anyway, I forgot your original comment mentioned it being "just as bad as oil" which is blanketly absurd.