Chinese Communist Party Companies Will Benefit From Biden’s Climate Bill

A series of national security experts and former U.S. officials are sounding the alarm that Chinese government-backed companies could exploit a workaround to benefit from taxpayer-funded electric vehicle (EV) subsidies in the Inflation Reduction Act (IRA).

The stark warning comes a week after Ford, the second-largest automaker in the U.S., announced it would partner with the massive Chinese tech company Contemporary Amperex Technology (CATL) to build a new EV battery plant in Michigan. As a result of the agreement, CATL could potentially benefit from taxpayer subsidies earmarked in the IRA which was intended to strengthen domestic supply chains.

Read More:  Fox News

Iranian Uranium Enrichment Closer To Nuclear Bomb Capability

U.N. atomic agency inspectors reportedly discovered last week that Iran’s controversial uranium enrichment has reached 84% purity, Bloomberg reported on Sunday.

This would put Iran extremely close to the 90% level required in order to produce a nuclear weapon. If the enrichment increase were confirmed, it would constitute a dramatic escalation from Iran’s previously known 60% enrichment level.

Read More:  Newsmax

Going Green Is Damaging The Planet

Environmentalists seeking to halt U.S. oil and gas production in the name of combating climate change are undermining their own agenda and risking greater damage to the planet, according to a new report. “Nearly every facet of modern developed economies requires petroleum products and natural gas to function and provide the comfortable lifestyles that citizens of developed countries have come to expect,” the report states.

“These resources are necessary for agriculture, heavy industry, transportation by all modes — road, rail, air, or ship — and a great number of the products that we take for granted. They’re ingrained in almost everything.”

In other words, if the U.S., the world’s largest producer of both oil and natural gas, reduced its production significantly, other energy producers — such as China, Russia, and Saudi Arabia, among others — would likely pick up the slack, thereby not leading to any drop in global fossil fuel use.

Read More:  Fox News