Speaking of that Environmental and Climate Justice Division within the Department of Justice for cracking down on those who pollute the environment, Biden’s plan reads: “Biden will direct his EPA and DOJ to pursue these cases to the fullest extent permitted by law and, when needed, seek additional legislation to hold corporate executives personally accountable - including jail time where merited.”
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Influenced by the recommendations penned by a unity task force between his campaign and that of former primary rival Senator Bernie Sanders (I-Vt.), Biden’s climate-change plan would impose sweeping (and expensive) regulations, such as seeking to make America “carbon-free” by 2035, instituting a federal green-energy jobs program, and establishing an Environmental and Climate Justice Division to crack down on polluters.īiden’s plan to meet a 100-percent clean-energy standard by 2035 would have an undoubted effect on the coal and natural-gas industries, which currently produce 63 percent of all electricity in the country. This means that if Joe Biden won the presidency, his son would be beholden to the interests of a foreign government - specifically the America-hostile Chinese Communist Party (CCP).īohai Harvest was a billion-dollar joint venture between Rosemont Seneca Partners, an investment fund founded by Hunter Biden and Obama-era Secretary of State John Kerry’s stepson in 2009, and the state-owned Bank of China notoriously birthed less than two weeks after Hunter traveled to China alongside his father.Įven though his son is benefiting from Chinese coal, Biden continues to frame himself as a champion for green energy. Furthermore, he reportedly still owns 10 percent of the fund. The agreement was announced in February 2016 while Biden was still vice president and is set to last until 2024.Īlthough Hunter Biden pledged to give up his share of the company in 2019, the Daily Caller found he retained shares for months after his announcement.
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Yet, as the National Pulse notes, Bohai Harvest, a private-equity firm Hunter Biden directed since its 2013 founding, signed a contract worth millions with Yancoal, whose majority shareholder is the Chinese state-owned Yankuang Group.Īlong with two state-owned Chinese banks, Bohai Harvest gave Yancoal $950 million and in return “collect interest of 8.55% a year on $760 million of the bonds, plus interest of up to 15% a year on the remainder.”Īccording to the Wall Street Journal, the deal gave Bohai “control” of the mines. As a candidate, he has talked of “getting rid of fossil fuels” and even told miners to “learn to code.” Despite the fact that Joe Biden suppressed the coal industry as vice president and has taken a stance of “no coal plants in America” on the 2020 campaign trail, his son Hunter has invested millions of dollars in Chinese coal.ĭuring the Obama administration, Joe Biden gutted American coal with strict regulations.
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