While Joe Was VP, Hunter And Pals Aided Chinese Bid To ‘Control’ Global Nuclear Power Market With US Tech: Report
Democrats just can’t stop trying to sell US nuclear assets.
According to a new report, while his father was Vice President, Hunter Biden and his business partners attempted to help Chinese energy firm CEFC purchase Westinghouse, a premier US-based nuclear technology firm, in an attempt to “control” the global market and provide “significant lobbying power in Congress.”
“In summary, utilising the U.S. face of Westinghouse, combined with the economic power of CEFC (China) is the perfect solution to control this global sector,” wrote Hunter’s partner, James Gilliar, in a 2016 CEFC strategy memo, Just the News reports.
The effort failed despite Hunter’s prowess as an international energy expert.
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. -Just the News
While Westinghouse at the time was owned by Japan’s Toshiba, the crown jewel of their IP portfolio was a US-designed advanced nuclear reactor, the AP1000, which was approved for final design in December 2005 by the US Nuclear Regulatory Commission, and again, which the Hunter crew expected to provide “significant lobbying power in Washington.”