POWER JULY 2021

 

 

 

 

What is China Buying in the Biden Administration?
by Peter Schweizer
July 6, 2021 at 5:00 am

Send Gab
The simple fact is that there are large, powerful donors to the Biden campaign that have big financial stakes in these green energy companies. It is a wealth transfer to Biden’s biggest bundlers, and that is a huge and massive problem.

For those companies with inside connections to the Biden campaign, it is American taxpayer money that is truly “shovel-ready.”

Former congressmen and senators, and former US ambassadors are being paid large sums of money by governments such as China, or by firms directly linked to those governments, which do not have America’s best interest at heart. They are lobbying in Washington to get their paymasters’ voices heard.

If you invest a couple of million dollars, let us say, in lobbying, or you invest a couple of million dollars in campaign contributions, often you can get benefits that are worth ten times that.

For Wall Street and Silicon Valley, the prospect of doing deals in China is mesmerizing. To do those deals in China, as they have learned, you must play nice with the regime, speak well of them, feather their nests…. It is no less tempting for American politicians…. Of greatest concern are the deals that actually advance Chinese state interests.

There is no other way to state this. The only way we can correct this situation is by exposing these people and showing U.S. citizens exactly what they are doing in our society.

[J]ust before the 2020 election, the [New York Times ran a piece by its “media reporter” bragging about their role as gatekeepers that would not pursue the Hunter Biden story.

For Wall Street and Silicon Valley, the prospect of doing deals in China is mesmerizing. To do those deals in China, as they have learned, you must play nice with the regime, speak well of them, feather their nests…. It is no less tempting for American politicians…. Of greatest concern are the deals that actually advance Chinese state interests. Pictured: US Secretary of State Antony Blinken (second from right) speaks while facing Yang Jiechi (second from left), director of the Central Foreign Affairs Commission Office, and Wang Yi (left), China’s Foreign Minister at the opening session of US-China talks in Anchorage, Alaska on March 18, 2021. (Photo by Frederic J. Brown/AFP via Getty Images)

What is China buying in the Biden Administration? A look to the recent past may provide some answers.

If you go back to 2009-10 and look at the “shovel-ready” stimulus package that President Barack Obama pushed through, as most people now know, there were huge amounts of money in the form of direct grants and loan guarantees that went to Solyndra and other “green energy” companies that failed. Yet, the question remained: Where did all that taxpayer money go for green energy?

If you trace it, you will find that 80 percent of that money went to green energy companies that were owned by individuals who sat on Barack Obama’s Finance Committee for his 2008 campaign.

Now that Obama’s former VP is president, another infrastructure package will include plenty of expenditures for more green schemes. Whether they work or whether they will simply raise our energy prices, the simple fact is that there are large, powerful donors to the Biden campaign that have big financial stakes in these green energy companies. It is a wealth transfer to Biden’s biggest bundlers, and that is a huge and massive problem. For those companies with inside connections to the Biden campaign, it is American taxpayer money that is truly “shovel-ready.”

The present circumstances compounds one problem — crony capitalism is extremely profitable – which brings a second problem — the flushness of foreign cash. Former congressmen and senators, and former US ambassadors are being paid large sums of money by governments such as China, or by firms directly linked to those governments, which do not have America’s best interest at heart. They are lobbying in Washington to get their paymasters’ voices heard.

If you invest a couple of million dollars, let us say, in lobbying, or you invest a couple of million dollars in campaign contributions, often you can get benefits that are worth ten times that.

The second problem is related to the source of funds. We see an increasing influx of foreign money into Washington, DC. Some of it comes from these foreign companies; they will set up a US affiliate, and then that US affiliate will make campaign contributions.

For many years we all believed that closer commercial ties with China would liberalize their political system. Free-traders and internationalists alike agreed on this. The reverse happened. When you look at what China’s leader, President Xi Jinping, has done in the last seven years, China has become more repressive internally, more aggressive internationally, and more dangerous militarily. But there was one nugget of truth — economic bonds with China seem to have caused a convergence of interests with many American elites.

For Wall Street and Silicon Valley, the prospect of doing deals in China is mesmerizing. To do those deals in China, as they have learned, you must play nice with the regime, speak well of them, feather their nests. All of this makes you implicitly more pro-Beijing. Just ask LeBron James. It is no less tempting for American politicians.

Of greatest concern are the deals that actually advance Chinese state interests. Deals involving part of a mine in the Congo, Africa, with another Chinese company that was going to help fight the minerals war and help China get access to strategic minerals. Or China General Nuclear Power Group, that was later implicated by the FBI for stealing nuclear secrets in the United States. Or a deal with Cosco, the Chinese overseas shipping company, to buy the national railway system of Greece. Greece was privatizing assets, and China wanted to buy it. They already owned a port.

This was part of China’s One Belt One Road initiative, which the Obama administration itself had said was an effort by China to counteract and overcome the United States around the world. This is not a simply a case of, “Oh, gosh, corruption is terrible.”

This is actually a case of aiding Chinese state-backed companies that are engaging in transactions that are advancing the strategic interest in Chinese government — not just payola but something far more troubling.

China seems to have a lot of influence in the current White House, and that this puts the Biden administration in a bit of a bind. Public opinion in the U.S. has shifted against China, chiefly because of the COVID-19 pandemic, but also because Americans are finally realizing how vulnerable and dependent on China we have become.

The time-honored ruse by politicians in such a bind is to reverse Theodore Roosevelt’s advice by speaking loudly and carrying a small stick. Biden’s administration, whatever its rhetoric, does not seem prepared to do the real work. The evidence of foreign entanglements by its principal actors suggests that China continues to have the administration’s ear.

If the Biden administration truly wants to counteract some of this dependence, it runs contrary to statements that Biden has made in the past, and contrary to some of the, let us say, entangling relationships that his most senior administration officials have relating to China. It would have to take on those entanglements, and those of some major campaign donors from both Wall Street and Silicon Valley.

There is no other way to state this. The only way we can correct this situation is by exposing these people and showing U.S. citizens exactly what they are doing in our society. This is the job of responsible voices in the press, yet there is little evidence they are up to the challenge. Six years ago, the New York Times ran a 4,000-word front page story that confirmed the main assertions of the book, Clinton Cash. Yet, just before the 2020 election, the Times ran a piece by its “media reporter” bragging about their role as gatekeepers that would not pursue the Hunter Biden story. My goal and hope is that the next book will be the beginning of a broader effort to hold the press, as well as our political, business, and technology leaders accountable.

Peter Schweizer, President of the Governmental Accountability Institute, is a Gatestone Institute Distinguished Senior Fellow and author of the best-selling books Profiles in Corruption, Secret Empires and Clinton Cash, among others.

 

View Online | Mark as Spam

 

Add us to your address book
 

Your weekly summary of posts, news and activity in the Generation Network.

 

Tuesday, Jul 6, 2021
Generation Network
Energy Central Community and News Update
Letter from the Community Leader:

I hope our US readers had a lovely Independence weekend, and to our Canadian readers, a great Canada Day weekend! As the week before these holidays and the week after tend to be a tad light in shared contributions, in this weeks’ newsletter, I included some popular insights shared over the last quarter by our content partners, community experts, and members. Our content contributors and partners help the community thrive and grow, so a big shout-out for your shared insights and support!

Also, our Energy Central Power Perspective’s Podcast team is gearing up for its next round of episodes scheduled to air during the second half of this year. We’re asking the community to reach out if you think you’d make a great guest or nominate someone who you’d like to hear. For more information on topics we are looking to cover and how you can participate, follow this link.

See you in the Community!

Audra C Drazga
VP of the Power Industry Network

 

Please support our sponsors
We are seeking your insights for our upcoming Special Issue On Utility Customer Care 2021 and Beyond. Article due date is July 19th. Learn more.
 

New Posts
 

Alan Rozich, Chief Science Officer, Borun
Inconvenient Truths of Large Scale Solar and Wind Energy
The need to decarbonize the global economy is considerable. Some thus advocate unbridled implementation of large scale solar and wind systems. This approach has unsavory sustainability issues… Click to continue
 

Matthew Bleeker, Director of Marketing, Clean Power Research
2020 regional solar deviation summary and North American wildfire smoke impact report
Given that the 2021 western fire season is just beginning, I want to (re-)share a blog post from three months ago from the Clean Power Research SolarAnywhere® blog. In this blog post, Patrick… Click to continue
 

Cynthia Mitchell, Principal, Energy Economics, Inc
“It’s the Methane…(Stupid!)” or “The Bridge Fuel is a Highway to Hell”
May 19th I debated an American Gas Association (AGA) representative on the role of natural gas in the clean energy economy as part of the K&L Gates law firm and Clean Tech Alliance quarterly… Click to continue
 

Charley Rattan, Hydrogen & Offshore Wind, business advisor and trainer, Charley Rattan Associates
Hydrogen Strategy for Canada
Positioning Canada to become a world leading supplier of hydrogen technologies;Sparking economic recovery while growing domestic low-carbon fuel production to reduce emissions for the longer term,… Click to continue
 

Fereidoon P. Sioshansi, Ph.D., President, Menlo Energy Economics
At 751 GW Wind Is A New Power To Be Reckoned With
At current growth rates wind – and solar – will soon eclipse nuclear output globally… Click to continue
 

Dr. Amal Khashab, Expert Independent Consultant ,Electric Power Systems Engineering, Self
Bifacial Technology Leads PV Competitiveness
light to enter from the rear of the cell, as well as the front. Bifacial cells are typically employed in a bifacial module, in which the opaque rear back sheet is usually replaced by glass, to allow… Click to continue
 

Patrick McGarry, Senior Director, PCI
Southwest Power Pool (SPP) Market Storage Resources (MSRs)
As the ESR implementation plans come more sharply into focus, PCI is starting a blog series on the progress of organized wholesale markets to implement FERC-ordered tariff changes. The series will… Click to continue
 

Doug Houseman, Visionary and innovator in the utility industry and grid modernization, Burns & McDonnell
Somebody asked me today if we could build 30GW of offshore wind by 2030?
If we go all out, the answer is yes.Here is what all out means:1) Final permits are given immediately for all 30 GW. No waiting, no court cases to tie things up2) 10-15 service boats are… Click to continue
 

Laurent Segalen, CEO, Megawatt-X
Solar and wind grid system value in the United States: The effect of transmission congestion, generation profiles, and curtailment
Regions that have high penetration of solar and wind resources can experience an excess of energy supply, which drives down hourly power prices, particularly for renewables. This is a benefit for… Click to continue
 

John Benson, Senior Consultant, Microgrid Labs
2021 Photovoltaic & BESS Projects
It has been over a year since I posted the last paper similar to this one. This paper looks at large photovoltaic, photovoltaic plus storage and storage projects. This paper is limited to projects… Click to continue
 

Kent Knutson, Energy Market Specialist, Hitachi ABB Power Grids
Renewable energy and grid expansion – tied at the hip across America
Streamlining the development process with expedited permitting and right-of-way determinations and allocating the costs fairly will be keys to future grid project success. Grid investment is the… Click to continue
 

Paul Hobcraft, Innovation Knowledge Provider, Agility Innovation
Molten Salt Nuclear Reactors- so what’s there not to like?
As we face Nuclear closures worldwide, we need to evaluate and hopefully achieve a next-generation Nuclear solution, which seems to be based on small modular reactors based on the Molten Salt… Click to continue
 

Karen Marcus, Freelance Researcher and Writer, Final Draft Communications, LLC
Generation Guide: Monthly Digest of Insights Shared by Your Peers in the Energy Central Generation Network – June 25, 2021
Your fellow network members are paying close attention to generation and clean power trends and sharing their insights. This month’s roundup includes information about renewable energy and grid… Click to continue
 

Energy Central Podcasts, Voices of The Community, Energy Central
Episode #37: ‘A Day of Reckoning from Clean Energy Targets’ with Greg Bernosky, Director at Arizona Public Service [an Energy Central Power Perspectives™ Podcast]
Lots of utilities are sharing their clean energy goals for 2030, 2040 and beyond, as a continued focus on climate change and decarbonization appropriate takes center stage. But declaring vague clean… Click to continue
MORE POSTS
BECOME A CONTRIBUTOR
 

Please support our sponsors
Tune in to our special edition podcast episode where Brent Jensen of Bentley Systems highlights where digital twins can save utilities time, money, and stress! Listen Now!
 

New Questions
 

Topic for discussion, please – FUTURE PROSPECTS FOR FOSSIL FUEL GENERATION –
Asked by A. K. Shyam, PhD
Before taking you to the details on the topic, I thought of spending a couple of minutes on the historical background although some of you may be aware. Fossil fuels are a result of remains of…
Answer this question…
 

What are the two-sided marketplaces for solar equipment procurement for solar installers?
Asked by Willie Jiang
What are the two-sided procurement marketplaces that solar installers/EPC contractors go to? I am Not asking about consumer-facing sites like Amazon, I am asking for solar professionals. I am Not…
Answer this question…
MORE QUESTIONS
 

Please support our sponsors
Listen to Gord Reynolds, VP of Infrastructure Ontario, discuss the technology & regulations needed to track underground utility assets. >>Click to listen here.
 

Please support our sponsors
 

Top Generation News
 

Legislation will Give Power Producers Tools to Reduce CO2, While Maintaining Affordable Electricity and a Resilient Grid
 

Transition to renewables will take decadesBeam: Transition to renewables will take decades
 

Vestas Receives 145 MW Order from Leeward Renewable Energy to Power the Panorama Wind Farm in the US
 

Vestas Receives 145 MW Order to Power the Panorama Wind Farm in the US
 

Why Sempra is dropping ‘energy’ from its name
 

Aramco technology chief sees blue hydrogen market following LNG model
 

The future of wind energy is floating turbines on the ocean
 

Terry Jarrett: Are the California and Texas blackouts coming to your state?
 

California tests off-the-grid solutions to power outages
 

REPORT SHOWS CALIFORNIA NEEDS 1.2 MILLION ELECTRIC VEHICLE CHARGERS BY 2030
Read more news…
 

Please support our sponsors
 

Jobs
Find a new job on jobs.energycentral.com – the largest listing of quality open job postings for power industry professionals.
MORE JOBS
 

Please Support our Network Sponsors
Esri
Anterix
Energy Central
MD&A
Guidehouse
SensorSuite
OUR SPONSORS
At Energy Central, we are on a mission to help power industry professionals connect, learn and share from each other and grow their careers:
 

Have insights to share or questions to ask?
Share your expertise, and get help, advice and insights from others on Energy Central’s Power Industry Network™ web site.
Need a new job?
Find a new job on jobs.energycentral.com – the largest listing of quality open job postings for power industry professionals.
Need more news and access to exclusive industry data?
Try our Energy Central Professional free for two weeks for more news from premium news sources, and access to exclusive industry data.
Doing business with Energy Central
Energy Central has served the global power industry for more than 20 years. Just click a link below to connect with us.

Have Questions? Email us
You are subscribed to this email using kurt@invisco.com.
Subscribe to more newsletters | Unsubscribe | Privacy Policy | Safe SenderAdd us to your address bookCopyright © 1996-2021 by CyberTech, Inc. DBA Energy Central
Energy Central, 6105 S. Main Street Suite 200, Aurora, CO, 80016, United States, www.energycentral.com | 303.782.5510 | service@energycentral.com | unsubscribe
Message ID: pzqSiL2izCoGfXdHGiUGRw2 – 0