While Joe Was VP, Hunter And Pals Aided Chinese Bid To 'Control' Global Nuclear Power Market With US Tech: Report
Democrats just can't stop trying to sell US nuclear assets.
According to a new report, while his father was Vice President, Hunter Biden and his business partners attempted to help Chinese energy firm CEFC purchase Westinghouse, a premier US-based nuclear technology firm, in an attempt to "control" the global market and provide "significant lobbying power in Congress."
"In summary, utilising the U.S. face of Westinghouse, combined with the economic power of CEFC (China) is the perfect solution to control this global sector," wrote Hunter's partner, James Gilliar, in a 2016 CEFC strategy memo, Just the News reports.
The effort failed despite Hunter's prowess as an international energy expert.
The evidence, which includes a detailed strategy memo, shows Hunter Biden was directly involved in emails and correspondence on the project in 2016 and that the goal was to exploit the future first son's access to power and his family reputation to make Washington and Beijing comfortable with a potentially controversial deal and then to shield the acquisition of Westinghouse by China CEFC Energy behind intermediaries. -Just the News
While Westinghouse at the time was owned by Japan's Toshiba, the crown jewel of their IP portfolio was a US-designed advanced nuclear reactor, the AP1000, which was approved for final design in December 2005 by the US Nuclear Regulatory Commission, and again, which the Hunter crew expected to provide "significant lobbying power in Washington."
In a nearly 60-page confidential report Gilliar prepared to try and sell the Chinese on the acquisition, he wrote:
"Furthermore, because the AP1000 is a U.S. design, Westinghouse has significant lobbying power in Congress," suggesting that the group could exploit said lobbying power to support China as a "new entrant to the nuclear power market."
Miscalculations in the construction of two AP1000 nuclear plants in Georgia and South Carolina resulted in a $13 billion cost overrun, bankrupting the company in 2017.
According to new memos and testimony about the plan to help CEFC "control this global sector," Hunter Biden "had an interesting last name that would probably get people in the door," former business partner Rob Walker told Congress.
Lawmakers tell Just the News that Hunter's relationship with CEFC fits a pattern that Hunter was willing to take money from US adversaries, including an attempt to acquire prize assets such as the Michigan-based Hennings firm, which is tied to the People's Liberation Army.
"The Biden family was all about money," Rep. Andy Biggs (R-AZ) told the "John Solomon Reports" podcast. "There was no sense of of honor or no sense of protection to the country. It was protect the brand, which was the Biden name. Joe Biden."
"I don't know if I've ever seen grifters more than the Biden family," he added.
Meanwhile, House Oversight Committee Chairman James Comer (R-KY) told the outlet "We're very concerned. And when you look at the Biden administration, there's no question in my mind that they've had a soft on China policy," adding "And there are certain policy decisions that this administration has made that are counter to what any American would want with respect to foreign policy relating to China."
