The Bidens' deal with the Chicoms

 John Solomon:

President Joe Biden boasts proudly today he is leading an "incredible transition" from fossil fuels, but just three years before he won the presidency his family worked to score billions of dollars in deals helping executives in communist China gain access to U.S. natural gas, oil and energy infrastructure, according to internal business memos and interviews with congressional investigators.

Memos obtained by Just the News from the Hudson West III LLC partnership that presidential son Hunter Biden operated with a prominent Chinese business executive named Gongwen Dong show the Biden family pursued at least 21 major deals in 2017 and 2018 for Chinese interests seeking U.S. energy assets, including liquified natural gas export terminals, LNG trade deals, drilling exploration firms, pipelines and other key energy assets.

Many of the deals targeted assets in the oil-rich Gulf Coast, including Louisiana, and aimed to help an energy-hungry China gain access to U.S. oil and gas, according to a summary memo of the 21 deals. Just the News found the memo on a Hunter Biden laptop turned over to the FBI in 2019 and corroborated its authenticity with a Biden business associate directly familiar with the deals and memos.

"Discussed both oil and LNG trading/exporting opportunities," one memo sent to Hunter Biden read. "Our team was more interested in pursuing the LNG spread trading opportunities, due to the timing of upcoming winter peak usage season and the spiking natural gas price in China."

That LNG deal and others like it never went forward, but Hunter Biden's team chose to pivot in 2018 to other oil and gas deals, ranging from pipelines to drilling assets, the memo shows.

"Explore U.S. natural gas industry midstream investment opportunities (including natural gas pipeline projects with international and U.S.-based financial institutions)," the memo recommended as one of the 2018 opportunities.

Another goal, the memo stated: "Explore potential investment opportunities in the petrochemical and energy production space."

The Hudson West III opportunities memo stated it was seeking to acquire interests in some drilling and exploration companies, like Noble Energy's parent firm, that had fallen on hard times when oil and gas prices plummeted during the Trump administration. "Explore potential investment opportunity in distressed international energy company affiliates (for example, the Noble Group and affiliates)," the memo read.
...

None of the deals in the memos obtained by Just the News appear to have been consummated, but Hunter Biden and Hudson West III received $5 million in payments from Chinese entities tied to Ye and CEFC shortly after it was formed, according to the information previously made public by Grassley, Johnson and Comer.

Though no deals were struck, Hudson West III incorporation documents show Hunter Biden was to receive a one-time $500,000 retainer payment and monthly payments of $100,000 from the firm after it was capitalized while his uncle, presidential brother James Biden, was to get $65,000 a month. Hunter Biden took the title of "co-chairman," while his Chinese business partner Gongwen Dong took the title "president."
...

There is more.

Hunter did get a nice diamond out of the deal.  He should get a chance to explain what he was up to after the election when the GOP expects to take over Congress. 

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

29 % of companies say they are unlikely to keep insurance after Obamacare

Conn Carroll: A new survey of 368 midsize to large companies found that 29% of them are considering terminating their active employee health care plans when Obamacare is full implemented in 2014. Only 71% of employers surveyed said they did not expect to drop their health coverage, while 20% said they did not know and 9% said they were planning to exit. The latest survey, conducted by Towers Watson, echoes an ealier survey by McKinsey & Co. finding that 30% of private-sector employers were planning to drop their employee health insurance coverage by 2014. When the Congressional Budget Office crunched Obamacare's spending numbers, they estimated that only 7% of employees currently covered by employer-sponsored plans would lose their plans. ... This means the cost of the health care fiasco will be hundreds of billions more than estimated by the CBO and Congressional Democrat. It is also clear that Obama's pledge that you could keep your health care plan if you wanted t
Read more

Bin Laden's concern about Zarqawi's remains

James Robbins: ... Bin Laden suggests that President Bush should allow Zarqawi’s body to be returned to his family in Jordan, but this is a matter that is up to the Jordanian government, which so far has not shown much interest in facilitating a homecoming. Bin Laden mocks King Abdullah II, calling him a Coalition minion, and asking “w hat scares you about Abu Musab after he’s dead? You know that his funeral, if allowed to happen, would be a huge funeral showing the extent of sympathy with the mujahedin.” A large crowd would definitely turn out, though most people would be on hand to demonstrate their anger and disgust. Last November’s hotel bombings in Amman , masterminded by Zarqawi, are still fresh in people’s memory, and mentioning them to Jordanians has the same visceral impact as memory of the 9/11 attacks does here. Jordan has adopted a zero-tolerance policy towards those who choose to mourn the country’s least favorite son, and four opposition members of parliament who paid con
Read more