Republicans Investigating $200 Million Biden Admin Grant to CCP-Controlled Energy Company

By Timothy Schumann (The Heart Sq.)

The U.S. Home Oversight and Investigations Subcommittee is in search of solutions to why Biden’s Division of Vitality is allocating a whole bunch of hundreds of thousands of {dollars} in grant monies to corporations with ties to the Chinese language Communist Occasion.

The DOE decided earlier this week to roll again a earlier grant awarded within the sum of $200 million {dollars} to Microvast Holdings, an organization below the direct regulation and management of the Chinese language Communist Occasion.

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Regardless of an invite to the listening to, DOE officers weren’t current to touch upon the nine-figure rollback.

“The Division’s refusal to take part within the listening to is much more regarding in mild of this improvement. I’m involved that the Division could also be entertaining different problematic awards and solely determined to not proceed with this after our congressional scrutiny,” stated Jap Washington Congresswoman Cathy McMorris Rodgers throughout her opening remarks within the listening to Tuesday.

“We can’t be power safe if we’re on the mercy of our adversaries,” she went on to say earlier than contrasting the Biden Administration’s want for America to run on 100% renewable power with China’s absolute dominance in that manufacturing class. A dichotomy that would end in America’s renewable power agenda being beholden to China.

Her remarks referenced a current Worldwide Vitality Company report displaying that China is in full management with regards to battery manufacturing for electrical automobiles. Downstream of mining, the report states, China “dominates” each different step of the manufacturing course of, controlling 50 to 75% of the market in each single class of battery part manufacturing save one.

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The remarks and report punctuate the truth that the $200 million grant slated for Microvast, a battery know-how firm for EVs, might have been spent on furthering China’s dominance within the subject.

“China additionally possesses 97% of the world’s photo voltaic wafer capability,” McMorris Rodgers highlighted in the course of the listening to.

“The Division of Vitality not solely refused to supply transparency to this committee, however they’re refusing to be clear to the American individuals, who deserve each assurance that their tax {dollars} are usually not being funneled to China,” she added earlier than the top of her assertion.

After the listening to, McMorris Rodgers took to Twitter to lambast DOE officers, saying, “They nonetheless refused to come back to our listening to and reply for why this resolution was made within the first place.”

Syndicated with permission from The Heart Sq..