President Joe Biden’s son, Hunter Biden, is back in the spotlight as his investments are in question yet again. Green energy is the new “cool” thing in politics as Joe pushes for it in his massive spending bills, and there may be a reason why.
Hunter is a co-owner in an investment firm involved with a Chinese conglomerate’s $3.8 billion purchase of cobalt deposits in the Democratic Republic of Congo. Now, Joe pushed the Build Back Better Act, giving $320 billion in tax credits to companies or individuals who buy electricity. The electric purchases include vehicles, solar panels, or investments to make their buildings more energy-efficient.
There’s no way that the Biden’s won’t go to make money off of Joe’s career. There have to be some ethics violations after Hunter’s artwork scandal is still involved, and now this. When will Joe and Hunter be thoroughly investigated for their actions?
China makes most of the world’s batteries for green energy and electric vehicles, yet there are a lot of questions left unanswered about China’s slave labor. The move to invest in the company is very convenient for the son of the president.
It was reported that Hunter was a founding board member of Bohai Harvest RST (Shanghai) Equity Investment Fund Management Company that started in 2013. In 2013 guess who the vice president was? If you guessed Joe, you were right.
30% of the company controlled the company, while Chinese investors controlled the rest. One of the investors was the Bank of China.
Of all the company’s investments, the most lucrative was CATL, a Chinese company that’s become the world leader in electric vehicle batteries. The company was sold in Biden’s last year as vice president.
Newsmax reported, “that same year, Chinese mining company China Molybdenum also paid $2.65 billion to buy Tenke Fungurume, a cobalt and copper mine from American company Freeport-McMoRan. To complete that deal, China Molybdenum sought a partner to buy out a minority stakeholder in the mine, Lundin Mining of Canada.”
So, as you can tell, this isn’t a new thing for Hunter.
BHR became the minority stakeholder with $1.14 billion, and according to the Times, China Molybdenum bought out BHR’s share.
Newsmax also reported, “China Molybdenum did so in 2019 when Hunter Biden controlled 10% of the firm through Skaneateles LLC, a company based in Washington, D.C., according to the report.”
Biden denied any knowledge of Hunter’s involvement, and Chinese records removed Hunter Biden from the board.
“We don’t know Hunter Biden, nor are we aware of his involvement in BHR,” China Molybdenum’s Vincent Zhou told the Times in an email. Of course, they don’t.