Energy Dept. has Given Over $10 Million to Green Energy Company Connected to China ‘State-Owned Entity’

  • 📰 LegInsurrection
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 95%

Business News News

Business Business Latest News,Business Business Headlines

“Instead of handing millions of taxpayer dollars to a Chinese-backed company, the president should be encouraging American energy production and American energy independence”

One of the most troubling aspects of Biden’s presidency is his blind devotion to green energy. From day one, Biden has treated America’s energy policy like a problem that needed to be solved and only made things worse.

Now we are learning that much like the Obama administration, Biden is playing favorites with energy companies, and at least one of them has uncomfortable ties to China.Biden’s Energy Department Funnels Millions to Beijing-Backed Green Energy Company 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.

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 companya 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’s partnership with Sinopec was not the first time the company aligned itself with a Beijing-run entity. In June 2018, LanzaTech

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines