Do Chinese Donations Explain Biden’s Energy Policies?

Diana Furchtgott-Roth:

• With reports that classified documents were found at the Penn Biden Center for Diplomacy and Global Engagement at the University of Pennsylvania, questions arise about the potential connection between the university's receipt of $54 million in Chinese donations and President Joe Biden's promotion of energy policies that are strengthening China's economy at the expense of our own.
• Could the money and the policies be related?

Battery Electric Vehicles

• The California Air Resources Board has issued a rule that all new vehicles sold in the Golden State be plug-in hybrid or pure battery powered by 2035
• Biden issued an executive order calling for half of the nation's new vehicle sales to be electric vehicles by 2030
• Electric vehicles have limited range and are more expensive than equivalent gasoline-powered vehicles

Climate Change

• Executive branch agencies have used climate change to justify slowing the production and delivery of U.S. oil, natural gas, and coal, and to encourage the use of wind turbines and solar panels made in China.
• The Chinese profit by driving up electricity bills and driving up Americans' electricity bills
• President Trump is discouraging investment in oil, gas, coal, claiming that these investments pose a risk to the environment.

Environmental, Social, and Governance Movement

• Financial institutions are pressuring international development organizations, private corporations, and pension funds not to invest in conventional fuels
• Weakens America, which produces these fuels, and helps China, which manufactures the alternatives-wind turbines and solar panels-using coal-fired power plants
• ESG means fewer jobs for Americans, more jobs for the Chinese
• Four ways to influence companies' investments
• Require countries to adopt regulations to reduce carbon emissions
• Raise consciousness of climate change through "more ESG education, guidance, solutions, and analytics
• Take over corporate boards and use customers and investors to address climate risks and opportunities
• Organize global pledges to cut fossil fuel carbon emissions to net-zero by 2050

https://www.dailysignal.com/2023/01/18/do-chinese-donations-explain-bidens-energy-policies/