Someone who is "rich" in a consumable asset and therefore chooses to just consume that instead of investing in a renewable or compounding asset is colloquially known as "a dumbass."
We did it with gas. Now look at Norway. We could've been like Norway.
They play the best kid in class with electrification but their funding comes directly from contributing to the problem.
And when Holland found the gas reserves in Groningen, global warming was really not known about yet.
But of course it doesn't have the same incentives of China.
In any case, you can't expect stable policies in a country with a winner-takes-all democracy.
Your initial comment seemed to imply that these actions are the rational downstream consequences of the US's incentives. Now you seem to be suggesting that maybe it's not, but it's just the actions of the current administration?
Not sure what policy stability has to do with anything. If anything it's a further indictment of your point. A successful energy project will span multiple administrations to come to fruition. It takes just one administration to kill a project... as illustrated by TFA. This is not in fact explainable as a rational response to the US's incentives.