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| Government Corruption |
| Biden's Energy Department Funnels Millions to Beijing-Backed Green Energy Company |
| 2022-12-16 |
| [Free Beacon] President Joe Biden's Energy Department funneled millions of dollars to a green energy company in the months after the company partnered with a Chinese state-owned entity that it acknowledges could face business-crippling sanctions. less 10% for the Big Guy? Carbon capture company LanzaTech, federal spending disclosures show, has received more than $10 million in grant payments from the Biden administration since April 2021, when the company announced a partnership with Sinopec Capital—the clean energy investment arm of the Sinopec Group, a Chinese state-owned oil conglomerate also known as the China Petrochemical Corporation—to "debut an international market of new energy and new materials." LanzaTech has acknowledged in SEC disclosures that its association with Sinopec, which China has used to purchase oil from U.S.-sanctioned nations such as Russia and Iran, could jeopardize its bottom line. The company's financial interactions with Sinopec and other Beijing-run entities, LanzaTech wrote in a November filing, could bring "complications" and "restrictions" should the United States or other nations implement "sanctions on certain Chinese individuals." That filing also notes "that the Chinese government may intervene or influence our operations at any time" and that LanzaTech may be unable to "protect our interests" in Chinese joint ventures "by nominating a non-Chinese director to the board of directors of any such joint venture." Sinopec Capital managing director Bo Ren, who worked for CITIC's brokerage arm prior to joining Sinopec and who graduated from a Chinese university that sits on a U.S. trade blacklist for stealing American trade secrets, is a LanzaTech board member. Related: Sinopec: 2022-08-12 China And Saudi Arabia Intensify Energy Cooperation With Critical Deal Sinopec: 2022-08-12 Five Chinese US-Listed Giants Announce Delisting Plans Over Audits, May Spark $2.4 Trillion Exodus Sinopec: 2022-07-09 Biden Sold Oil From Emergency Reserves To Chinese Gas Giant Tied To His Scandal-Plagued Son |
| Posted by:Besoeker |
| #5 They gave Biden $1.5 billion. Is it any surprise that they expect something in return? |
| Posted by: Abu Uluque 2022-12-16 15:19 |
| #4 They did the pay; now they get to play. |
| Posted by: Super Hose 2022-12-16 10:03 |
| #3 Sinopec Capital—the clean energy investment arm of the Sinopec Group, a Chinese state-owned oil conglomerate also known as the China Petrochemical Corporation 'Clean Energy Investment' might be the key here. Are they investing 'pro' or 'con' Clean Energy? Well, most of these green investment firms are a con anyway so we'll go with that. |
| Posted by: Mullah Richard 2022-12-16 09:36 |
| #2 |
| Posted by: Besoeker 2022-12-16 08:47 |
#1 .png) |
| Posted by: Skidmark 2022-12-16 08:08 |