by Thomas Catenacci
U.S. energy experts are warning of the economic and national security implications of President Biden’s pact with China this week to move towards shutting down fossil fuel production in favor of green energy.
The State Department announced this week it had struck a deal with its Chinese counterparts pledging to “accelerate the substitution for coal, oil and gas generation” with green energy sources like wind and solar power. The nations, which account for nearly half of global greenhouse gas emissions, also agreed to “deepen policy exchanges” on reducing carbon emissions in various sectors, like power, industry, buildings and transportation, across their economies.
But the agreement — in which the nations further pledged to “sufficiently accelerate renewable energy deployment in their respective economies through 2030” — was criticized over its potential impact on U.S. consumers. Experts also noted that China has rarely followed through on international accords and stands to financially benefit from such an agreement since it controls much of the world’s green energy supply chain…
“The Sunnylands agreement is nothing more than political sop from Communist China to try to help Biden and Kerry politically, and to keep the America-hurting climate hoax going,” Steve Milloy, a senior legal fellow at the Energy & Environment Legal Institute, told Fox News Digital. “The agreement does not bind China to cut emissions or to do anything else of importance.”
“But keeping the climate hoax alive is very important to China for three reasons: 1) climate spending and climate regulations hurt the U.S. economy and help the Chinese economy; 2) mandates for green technology deepen U.S. dependence on China for that technology; and 3) both of the aforementioned compromise US national security and further China’s goal of becoming the lone global superpower by 2049,” Milloy continued.