Hunter Biden, partners aided Chinese bid to corner nuclear energy market with U.S. tech, memos show

Contact Your Elected Officials
Just The News Header

Detailed plan obtained by congressional investigators show Biden sought to help CEFC China Energy buy Westinghouse, the premier maker of U.S. nuclear reactors.

hile his father was still vice president, Hunter Biden and his business partners tried unsuccessfully to help a Chinese energy firm acquire one of the United States’ premier nuclear technology companies in a secret attempt to “control” the global market, according to new evidence turned over to Congress in President Joe Biden’s impeachment inquiry.

The evidence, which includes a detailed strategy memo, shows Hunter Biden was directly involved in emails and correspondence on the project in 2016 and that the goal was to exploit the future first son’s access to power and his family reputation to make Washington and Beijing comfortable with a potentially controversial deal and then to shield the acquisition of Westinghouse by China CEFC Energy behind intermediaries.

“In summary, utilising (sic) the U.S. face of Westinghouse, combined with the economic power of CEFC (China) is the perfect solution to control this global sector,” Hunter Biden partner James Gilliar wrote to CEFC in a strategy memo.

At the time, Westinghouse was U.S.-based but owned by Japan’s Toshiba and one of the darlings of the nuclear industry with its new AP1000 reactor, a smaller and more advanced power generator. But it privately was suffering financial strife due to cost delays and overruns at a planned nuclear power plant in Georgia that would eventually force the company to file for temporary bankruptcy protection.

Congressional investigators recently obtained new memos and testimony about the nature of the plan to help CEFC gain a larger foothold in the global nuclear energy market by acquiring Westinghouse. One of Hunter Biden’s former business partners, Rob Walker, told Congress the future first son was involved, providing a letter to make the Chinese comfortable with the plan.

Hunter Biden “had an interesting last name that would probably get people in the door,” Walker explained to lawmakers.

T60-Exhibit-401-John-Robinson-Walker-Interview-Transcript-12.08.2021_Redacted-2.pdf

By Steven Richards and John Solomon

Read Full Article on JustTheNews.com

Just The News
Just The Newshttps://justthenews.com/
JusttheNews.com tries to stand out by returning to the bedrock promise of getting news first, but first getting it right. We try to deliver news you can trust.

This Is America: Target™ Reparations

“This Is America” explores the cultural undercurrents pulling Western...

Blind Man’s Shutdown

Congress is playing the equivalent of Bind Man's Bluff. With the shout “tag your it” they seek to blame the other party for the government shutdown.

A Reluctant Acknowledgment: What Conservatives Can Admire in Everyday Progressives

Admirable ideological qualities seen in liberals and left-wing individuals are those of the everyday believer not their political leadership.

Ensuring Domestic Tranquility

The Supremacy Clause in Article VI of the U.S. Constitution establishes it as the highest law of the land, taking precedence over conflicting state laws.

Is There a 9/11 WTC and 9/10 Charlie Kirk Connection?

Strange parallels in online stories raise questions about whether Israelis and Mossad intelligence are our allies or adversaries.

White House Official Says Layoffs Will Start Soon If Shutdown Talks Go Nowhere

Kevin Hassett said layoffs to federal workforce could occur quickly if negotiations with Democrats to reopen the government don’t lead to progress.

20 Teachers in California Facing Disciplinary Action for Posts on Charlie Kirk

California school districts move to discipline teachers for derogatory social media posts about the assassination of Charlie Kirk.

Trump Coal Boost Gains Momentum as Bids, Land Opened Up

Trump administration accelerates coal expansion with new leases, mine permits, and 13.1 million acres of federal land opened for coal mining.

Goaded by Tariffs, European Pharmaceutical Industry Pivots to the US

U.S. tariffs and a lucrative drug market are driving European pharma firms to boost investment through new plants, stock listings, and pricing deals.

Department of Energy Cancels $7.5 Billion in Project Funding

The Dept of Energy (DOE) said on Oct. 2 that it had terminated 321 federal grants funding 223 projects, amounting to about $7.56 billion in cuts.

White House Withdraws EJ Antoni’s Nomination to Lead Bureau of Labor Statistics

The White House has withdrawn economist EJ Antoni’s nomination to lead the Bureau of Labor Statistics, the White House confirmed on Sept. 30.

US to Impose 100 Percent Tariffs on Foreign-Made Movies, Trump Says

President Donald Trump announced on Sept. 29 that he will impose a 100 percent tariff on all movies produced outside the United States.

Trump to Host Netanyahu at White House to Discuss Gaza Peace Plan

President Trump will host Israeli Prime Minister Netanyahu at the White House on Sept. 29 to discuss a ceasefire and broader peace plan for Gaza.
spot_img

Related Articles

Popular Categories

MAGA Business Central