Revisiting How the Bidens Made Communist China the Biggest Beneficiary of Their Green New Deal
Where is the national discussion on how the Bidens benefit when China controls rare earth elements?
Today Biden announced that he was dipping into our emergency reserves to release 50 million barrels of oil to reduce gas prices after OPEC rejected Biden’s request to release more barrels into the market. “Pump it yourself,” was basically the reply. This is a wild change from 2017 when OPEC begged us, begged us to not produce so much oil, it was hurting them. Meanwhile Russia paid for anti-fracking propaganda to dissuade the US from producing so much gas.
The obvious move would be to increase domestic production before taking from the reserves we save for war or some sort of catastrophic event, but that works against Biden’s self-enrichment Green New Deal aims.
Biden kneecapped domestic productivity as a first priority when assuming office earlier this year, terminating oil and gas leases on public land, the Keystone XL pipeline (forcing Canadian crude to travel by railroad, using more fossil fuels and costing more), and flirting with the idea of shutting down Line 5 in the Great Lakes region. All of this is done for climate change, a theory with no scientific consensus and ever-moving goalposts.
Biden wants to phase out gas-powered cars in favor of electric vehicles, this is a key component of his climate policy. I don’t hate EVs or judge people who get them because they like the tech — but you absolutely deserve to be mocked if you think your EV means you care more about the environment than someone who drives a gas-powered, dare I say greener, vehicle. EVs rely on electricity produced in coal-powered factories, and the rare earth elements required for their batteries are horrifically mined — in fact a a significant majority of the mineral is mined by children with their bare hands.
The Democratic Republic of Congo holds half of the world’s supply of cobalt, and 20% of that is mined by hand.
But for the Chinese middlemen who buy the cobalt, there were no such constraints; they have free access.
In the mines, women and children help with the so-called artisanal mining, but don't be fooled -- it is no quaint cottage industry. At barely 10 years old, children lug heavy sacks of cobalt to be washed in rivers. From as early as four, they can pick it out of a pile.
Even those too young to work -- dust-covered infants clinging to their mothers and playing on the dirty ground -- spend much of the day breathing in toxic fumes.
The DRC was one of China’s belt and road initiative countries, a program China used to gain toeholds of control in countries across the planet in exchange for infrastructure investment. China made the play long ago for DRC’s cobalt, solidifying the relationship this year, according to their communist party’s mouthpiece.
The Hunter Biden's investment company assisted a Chinese firm in purchasing one of the world's vast African cobalt mine from an American corporation, citing a report by The New York Times, Fox News reported. Biden's company which was involved in a 2016 agreement, granted the Chinese firm to have control over the cobalt mine, a mineral required for the creation of electric vehicle batteries, as per the New York Post.
In the year 2013, Hunter Biden started the company named, Bohai Harvest RST (BHR) Equity Investment Fund Management Company along with two other Americans and a few Chinese associates. The American members owned 30% of the Shanghai-based firm and joined as the board of directors.
Further, in 2016, Biden's firm signed a deal of $2.65 billion transactions to transfer a Congo cobalt as well as copper mine from American-based mining company ‘Freeport-McMoRan’ to a Chinese company ‘China Molybdenum’. Later, BHR acted as a minority shareholder in the $1.14 billion purchase of shares from Lundin Mining of Canada, which controlled a piece of the Congo mine, Fox News reported. As per Hong Kong documents, China Molybdenum then purchased BHR's mining shares two years later with a total worth of $3.8 billion. China Molybdenum now owns 80% of the mine, with Congo's government mining firm holding the remaining 20%.
From the New York Times:
Mr. Biden and two other Americans joined Chinese partners in establishing the firm in 2013, known as BHR and formally named Bohai Harvest RST (Shanghai) Equity Investment Fund Management Company.
The three Americans, all of whom served on the board, controlled 30 percent of BHR, a private equity firm registered in Shanghai that makes investments and then flips them for a profit. The rest of the company is owned or controlled by Chinese investors that include the Bank of China, according to records filed with Chinese regulators.
Biden still controlled 10 percent of BHR when its shares of the mines were sold to China Molybdenum in 2019.
Are are American voters expected to believe that the Bidens are acting in America’s best interest when they have a vested interest in the success of our geopolitical foe’s domination of the REE market, a dependence on which Biden wants to shift us towards? How is this not viewed as the national security issue it is instead of political gossip?
For a greater understanding of the significance of those elements used in everything from devices to car batteries, see this:
Relatedly, I spoke with attorney and author Michael Senger this week for The First (separate from my radio program) on how the current lockdown method we follow was devised by Xi Jinping and the CCP:
It only make sense to ask if forcing people to rely on less reliable methods of energy controlled by communists is for the same purpose.