{"id":305041,"date":"2024-02-26T16:55:22","date_gmt":"2024-02-26T15:55:22","guid":{"rendered":"https:\/\/climatescience.press\/?p=305041"},"modified":"2024-02-26T16:55:25","modified_gmt":"2024-02-26T15:55:25","slug":"bidens-green-energy-plans-will-funnel-taxpayer-billions-to-chinese-firms","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=305041","title":{"rendered":"Biden\u2019s green energy plans will funnel taxpayer billions to Chinese firms"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

Plans designed to protect US industry will bankroll China\u2019s expansion.<\/em><\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

From The Telegraph<\/a><\/p>\n\n\n\n

By DAVID BLACKMON<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

It has been obvious for several years now that this government-subsidized energy transition<\/a> away from fossil fuels and towards wind, solar, and electric vehicles will necessarily leave the western world highly dependent on China. This is an unavoidable truth given China\u2019s overwhelming control of supplies and supply chains for minerals, processing, and components integral to the three rent-seeking industries presented as climate solutions by globalist elites.<\/p>\n\n\n\n

In America, Joe Biden and congressional Democrats presented their Orwellian-titled Inflation Reduction Act (IRA) as a plan that would help the US to build independence from China in this realm by subsidizing projects that would create competitive domestic sectors. But recent developments make it apparent that exactly the opposite is happening.\u00a0<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

A report by the Wall Street Journal<\/a> details the fact that domestic content requirements for some domestic electric vehicles aren\u2019t comprehensive enough to prevent Chinese encroachment into the US market. Chinese EV maker BYD is exploring opportunities to invest in plants in Mexico that would enable it to enter the US market by exploiting provisions in the US-Mexico-Canada Agreement (USMCA) that would allow it to avoid heavy US tariffs on imports of Chinese-made cars. <\/p>\n\n\n\n

The Journal reports that \u201cat least a dozen\u201d Chinese makers of EV components have already established factories in Mexico to exploit provisions in the USMCA that encourage US automakers to use parts made there. Stellantis CEO Carlos Tavares likens expansion plans by Chinese automakers into Mexico to the arrival of Japanese car companies into the US during the 1970s.\u00a0Tesla founder and CEO Elon Musk<\/a>\u00a0echoes Tavares\u2019s concerns, saying, \u201cIf there are not trade barriers established, they will pretty much demolish most other car companies in the world.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Another story at the Daily Mail<\/a> details concerns from various industry experts about growing efforts by Chinese companies to tap directly into the US by exploiting the various subsidies and tax breaks contained in the IRA. Access to the array of IRA goodies was left open to all comers without consideration of their country of origin, providing Chinese makers of solar cells, EV batteries and other relevant components \u2013 who already dominate global markets \u2013 the opportunity to seize a major share of the US market as well.<\/p>\n\n\n\n

Jeff Ferry, chief economist at the non-profit Coalition for a Prosperous America<\/a>, called the IRA structure \u201cna\u00efve,\u201d adding that \u201cThe bottom line is that if you take markets like electric vehicle (EV) batteries, or solar cells, where China already has a dominant global position, and you allow its firms to own facilities in the US and access the US taxpayer, you\u2019re allowing them to extend their global monopoly.\u201d<\/p>\n\n\n\n

The non-partisan business NGO E2<\/a> says Chinese companies are already tied to at least a dozen US-based projects with capital investments of over $10 billion that will be able to exploit IRA provisions. Biden\u2019s own Treasury Department admits that Chinese firms already represent about 15 per cent of new solar-related investment in the US market since the IRA was passed into law in September 2022.<\/p>\n\n\n\n

In one of his earliest actions upon assuming office, President Biden issued an executive order<\/a> directing his administration to mount a \u201cwhole of government\u201d approach to establish supply chains independent of China<\/a> related to minerals and components integral to the expansion of the three chosen rent-seeking industries: wind, solar and EVs. Last November, the White House finally got around to convening a new Council on Supply Chain Resilience<\/a> that will consider acting on a list of about 30 separate actions to advance that lofty goal. <\/p>\n\n\n\n

It\u2019s a classic slow-moving bureaucratic process that likely amounts to too little, too late, as Chinese interests are already exploiting ill-considered provisions in the IRA and USMCA to gain footholds into American markets. Any thoughts that an asleep-at-the-wheel White House and paralyzed congress will be willing or able to move quickly and effectively to address the matter are absurd. That\u2019s just not how Washington, DC works.<\/p>\n\n\n\n

\n\n\n\n

David Blackmon had a 40 year career in the US energy industry, the last 23 years of which were spent in the public policy arena, managing regulatory and legislative issues for various companies. He continues to write and podcast on energy matters<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

It has been obvious for several years now that this\u00a0government-subsidized energy transition\u00a0away from fossil fuels and towards wind, solar, and electric vehicles will necessarily leave the western world highly dependent on China. <\/p>\n","protected":false},"author":121246920,"featured_media":305044,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"It has been obvious for several years now that this\u00a0government-subsidized energy transition\u00a0away from fossil fuels and towards wind, solar, and electric vehicles will necessarily leave the western world highly dependent on China. ","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691820950,691818341,691827217,691818820,691827218,691818772],"class_list":{"0":"post-305041","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-byd","9":"tag-china","10":"tag-electric-vehicle-ev-batteries","11":"tag-inflation-reduction-act-ira","12":"tag-ira-provisions","13":"tag-u-s-president-joe-biden","15":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/02\/0-Wind-turbine-blades-are-loaded-aboard-ship-ready-for-export-from-China.jpeg?fit=2400%2C1195&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1hm1","jetpack-related-posts":[{"id":289228,"url":"https:\/\/climatescience.press\/?p=289228","url_meta":{"origin":305041,"position":0},"title":"Biden\u2019s EV Boondoggle Enriches\u00a0Himself","author":"uwe.roland.gross","date":"29\/11\/2023","format":false,"excerpt":"green plant leaves growing on coin stacking money saving business finance success wealth investment budget concept. stack coin on wood table with green blur background. From Science Matters By\u00a0Ron Clutz The Greenest thing about the New Green Deal is the Money. The spending on \u201cGreen Energy Projects\u201d is enormous and\u2026","rel":"","context":"In \"Electric Vehicle Subsidies\"","block_context":{"text":"Electric Vehicle Subsidies","link":"https:\/\/climatescience.press\/?tag=electric-vehicle-subsidies"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0GettyImages-1151815644.jpg?fit=1200%2C795&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0GettyImages-1151815644.jpg?fit=1200%2C795&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0GettyImages-1151815644.jpg?fit=1200%2C795&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0GettyImages-1151815644.jpg?fit=1200%2C795&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0GettyImages-1151815644.jpg?fit=1200%2C795&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":284186,"url":"https:\/\/climatescience.press\/?p=284186","url_meta":{"origin":305041,"position":1},"title":"Milloy: Biden\u2019s Kamikaze Climate Plan for the US Economy","author":"uwe.roland.gross","date":"20\/10\/2023","format":false,"excerpt":"First, China finally dropped its \u201cnet zero\u201d pose. The world\u2019s largest emitter had promised to reach net zero by 2060. China\u2019s primary goal is to become the lone global superpower by 2049. From Watts Up With That? Steve Milloy,\u00a0in his article for The Hill, presents a critical analysis of President\u2026","rel":"","context":"In \"China\"","block_context":{"text":"China","link":"https:\/\/climatescience.press\/?tag=china"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/biden-burning-cash.jpg?fit=1200%2C630&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/biden-burning-cash.jpg?fit=1200%2C630&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/biden-burning-cash.jpg?fit=1200%2C630&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/biden-burning-cash.jpg?fit=1200%2C630&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/biden-burning-cash.jpg?fit=1200%2C630&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":290717,"url":"https:\/\/climatescience.press\/?p=290717","url_meta":{"origin":305041,"position":2},"title":"Fighting Global Warming: All Cash, No\u00a0Cooling","author":"uwe.roland.gross","date":"10\/12\/2023","format":false,"excerpt":"Biden said on Jan. 31 that \u201cif we don\u2019t stay under 1.5\u00b0 Celsius\u201d or 2.7\u00b0 Fahrenheit, \u201cwe\u2019re going to have a real problem.\u201d\u00a0If a 0.0009\u00b0 F reduction costs $369 billion, then Biden\u2019s 2.7\u00b0 F goal would devour\u00a0\u2014\u00a0brace yourself \u2014\u00a0$1.107 quadrillion \u2014\u00a0with a Q.","rel":"","context":"In \"Climate crisis\"","block_context":{"text":"Climate crisis","link":"https:\/\/climatescience.press\/?tag=climate-crisis"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/00bigstock-Burning-Money-293915.jpg?fit=1200%2C900&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/00bigstock-Burning-Money-293915.jpg?fit=1200%2C900&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/00bigstock-Burning-Money-293915.jpg?fit=1200%2C900&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/00bigstock-Burning-Money-293915.jpg?fit=1200%2C900&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/00bigstock-Burning-Money-293915.jpg?fit=1200%2C900&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":278881,"url":"https:\/\/climatescience.press\/?p=278881","url_meta":{"origin":305041,"position":3},"title":"Watch: Morano on Varney on Fox: \u2018Biden\u2019s EV mandates are a controlled demolition of the U.S. auto industry\u2019","author":"uwe.roland.gross","date":"15\/09\/2023","format":false,"excerpt":"\u2018DISASTROUS\u2019: Expert warns of Biden \u2018demolition\u2019 of auto industry\u00a0\u2013\u00a0Fox Business\u00a0\u2013\u00a0Climatedepot.com publisher Marc Morano discusses the impact of Biden\u2019s electric vehicle push on the auto industry and the pending UAW strikes.\u00a0#foxbusiness","rel":"","context":"In \"Biden\u2019s EV mandates\"","block_context":{"text":"Biden\u2019s EV mandates","link":"https:\/\/climatescience.press\/?tag=bidens-ev-mandates"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/image-460.png?fit=1200%2C673&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/image-460.png?fit=1200%2C673&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/image-460.png?fit=1200%2C673&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/image-460.png?fit=1200%2C673&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/image-460.png?fit=1200%2C673&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":289164,"url":"https:\/\/climatescience.press\/?p=289164","url_meta":{"origin":305041,"position":4},"title":"More than 3,000 auto dealers sign letter opposing Biden’s electric vehicle mandate","author":"uwe.roland.gross","date":"29\/11\/2023","format":false,"excerpt":"Electric vehicles 'are stacking up on our lots,' car dealers write to Biden https:\/\/www.foxbusiness.com\/politics\/3000-auto-dealers-sign-letter-opposing-bidens-electric-vehicle-mandate By\u00a0Thomas Catenacci FOXBusiness A coalition of more than 3,000 auto dealers nationwide is sending an open letter to President Biden, calling on him to \"tap the brakes\" on his administration's\u00a0aggressive electric vehicle (EV) push. The coalition\u2026","rel":"","context":"In \"auto dealers\"","block_context":{"text":"auto dealers","link":"https:\/\/climatescience.press\/?tag=auto-dealers"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0mfrack_cinematic_photo_of_man_and_future_of_electric_cars_af3b5ba0-c78f-4de8-a0a9-c7676d83f328.jpeg?fit=1200%2C673&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0mfrack_cinematic_photo_of_man_and_future_of_electric_cars_af3b5ba0-c78f-4de8-a0a9-c7676d83f328.jpeg?fit=1200%2C673&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0mfrack_cinematic_photo_of_man_and_future_of_electric_cars_af3b5ba0-c78f-4de8-a0a9-c7676d83f328.jpeg?fit=1200%2C673&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0mfrack_cinematic_photo_of_man_and_future_of_electric_cars_af3b5ba0-c78f-4de8-a0a9-c7676d83f328.jpeg?fit=1200%2C673&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0mfrack_cinematic_photo_of_man_and_future_of_electric_cars_af3b5ba0-c78f-4de8-a0a9-c7676d83f328.jpeg?fit=1200%2C673&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":252690,"url":"https:\/\/climatescience.press\/?p=252690","url_meta":{"origin":305041,"position":5},"title":"Biden’s 67% EV policy: a dictatorial attack on the American driver and the US grid","author":"uwe.roland.gross","date":"14\/04\/2023","format":false,"excerpt":"Biden's proposed mandate of 67% EVs in the 2030s is a dictatorial attack on the American driver and the US grid that will","rel":"","context":"In \"Biden\"","block_context":{"text":"Biden","link":"https:\/\/climatescience.press\/?tag=biden"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/09f9857d1-967d-4cb9-94ac-e33a3ad2563f_746x441.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/09f9857d1-967d-4cb9-94ac-e33a3ad2563f_746x441.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/09f9857d1-967d-4cb9-94ac-e33a3ad2563f_746x441.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/09f9857d1-967d-4cb9-94ac-e33a3ad2563f_746x441.png?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/305041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=305041"}],"version-history":[{"count":7,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/305041\/revisions"}],"predecessor-version":[{"id":305053,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/305041\/revisions\/305053"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/305044"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=305041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=305041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=305041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}