Skip to main content
We may receive compensation from affiliate partners for some links on this site. Read our full Disclosure here.

Biden Administration Siphons Millions To Chinese Energy Firm


19 views

The Biden administration has been busy at work championing ‘green energy’.

Despite the term, even a modest amount of research will show ‘green energy‘ to be anything but green, rather than relying on conventional fossil fuels, the mainstream ‘green energy’ industry essentially relies on mineral fuels.

The true standard for green energy is nuclear power, more specifically—nuclear fusion.

In its current state, the renewable energy industry represents one thing—a cash cow for the Democrat Party and its senior leadership, who all have sizable investments in these firms.

LanzaTech is one such firm that enjoys political privilege due to its vast network, and according to recent reports, the Biden administration has given LanzaTech roughly $10 million in grant money since last year…

These grants were received despite a potentially troubling relationship between LanzaTech and a Chinese energy firm known as Sinopec.

Sinopec and LanzaTech are so close that disclosures in an S.E.C. filing essentially state that the financial health and ultimate fate of LanzaTech are inexorably tied to Sinopec.

This is not the first time the Biden administration has been called out for its ties to Chinese energy companies…

Here’s more on the story:

The Washington Free Beacon noted:

LanzaTech’s partnership with Sinopec was not the first time the company aligned itself with a Beijing-run entity. In June 2018, LanzaTech entered into a joint venture with Chinese state-owned steel giant Shougang Group to build an ethanol plant in China’s Hubei province, one of the company’s three plants in the communist nation.

LanzaTech has also raised millions from CITIC Capital, a subsidiary of China’s largest state-run conglomerate.

Still, the company’s relationships with Beijing did not stop the Biden administration from sending LanzaTech millions of dollars for green energy projects such as “low-cost sustainable aviation fuel.”

 

According to Western Journal:

In an SEC filing on Nov. 14, LanzaTech admitted that “we are subject to the risk that the Chinese government may intervene or influence our operations at any time.”


 

Join the conversation!

Thanks for sharing!
Send this to a friend