Biden orders a halt in aid to fossil fuel projects abroad, the pause will help the Chinese and the Russians

Given that the cost of gas has increased significantly under Biden and that he has (unsuccessfully) begged the Russians and Saudis to release more oil to keep costs down, you can expect him to at least finance projects abroad that will produce produce more fuel and reduce costs.

Even if he absolutely opposes drilling in the US for some reason, he at least wants it to be drilled abroad, especially since he is pressuring other countries to drill. more than.

Well, that would make sense, so it’s the exact opposite of what Chairman Brandon is doing. Instead of providing aid to projects that can produce fuel and thereby reduce costs for Americans, he is suspending all aid for such projects. As ZeroHedge Report:

This morning, Biden did the only thing he could: he ordered an immediate halt to federal assistance to coal plants and other carbon-intensive projects… abroad, a move Bloomberg calls “A major policy change designed to combat climate change and accelerate renewable energy worldwide. In fact, it was not yet another exercise in optics and placate the outspoken green socialist front for a few weeks.

“Our international energy engagement will focus on promoting clean energy, advancing advanced technologies, enhancing U.S. clean technology competitiveness, and providing financial and technical support to support pure transition worldwide”.

According to Bloomberg, the first time any US government backs these projects, potentially affecting billions of dollars in annual funding as well as diplomatic and technical support.

The concept of “net zero” in question is Biden’s plan to make the US government a “zero” carbon emitter by 2050, a goal that requires the government to not only buy tens of thousands of electric vehicles and repair them from where energy is purchased, but also cut aid to projects that make coal, natural gas, and oil abundant and cheap. .

In fact, ZeroHedge reports that the total amount of funding that will be cut for natural gas projects alone has reached $16 billion. Natural gas is one of the cleanest and cheapest sources of energy.

And not only will it make it more difficult to drill or pump natural gas, the policy will also cut funding for projects that allow European and Caribbean companies to import natural gas, meaning Brandon is simultaneously making Europeans more dependent on Russian natural gas. and make it harder for American energy companies to make money exporting natural gas.

Oh, and just because the US is supportive doesn’t mean the projects won’t be funded. Instead of us providing support, the Chinese probably will. So Biden just handed a bunch of projects to Red China, which will likely use its funding capabilities to expand its footprint in regions abandoned by Brandon.

And the Chinese and Russians, both of whom will be greatly helped by Brandon’s latest policy disaster, care less about the environmental impact of their projects. As ZeroHedge Notes:

Paradoxically, environmental advocates – who have lobbied the Biden administration to make changes – will be delighted, arguing that the construction of new oil pipelines, naturalized gas stations liquid and similar projects are not consistent with efforts to limit global temperature rise to 1.5 degrees Celsius (2.7 degrees Fahrenheit). Of course, in their typical myth, they sidestep that by handing over foreign project funding to a long list of willing donors, all the US is doing is evading. in some control over what is being built internationally, and ceding the “green agenda” to the Chinese and Russians of the world.

So, Brandon not only helps the Chinese and the Russians, both of whom are our enemies abroad, his actions also harm the environment, the amorphous entity he claims to be. extremely loved. Thanks, Joe!