'Guaranteeing China Decades Of Wealth': Experts Panic After Biden Reaches Agreement With Communist China To Halt Oil And Gas

On Thursday, President Joe Biden joined a plethora of other world leaders at the Asia Pacific Economic Cooperation (APEC) forum in San Fransico, California. The forum was meant to strengthen America's ties with the Pacific and East Asia and involved high-level meetings with Chinese leader Xi Jinping. It would appear, however, that instead of soothing relations with China, the Biden administration was more interested in pushing its green energy agenda and selling American energy independence away to the communist nation.

The State Department announced this week that they reached a deal with the Chinese government to "accelerate the substitution for coal, oil and gas generation" in exchange for a shift to renewable energy. The two nations also agreed to "deepen policy exchanges" on combating climate change and having a responsible carbon footprint. The US and China also both agreed to push for five large carbon capture projects by the end of the decade in order to capture carbon and prevent the further heating of the planet. Given these facts, a number of US energy experts lambasted the agreement, explaining that it gives multiple wins to China while hurting the United States.

"The agreement speaks heavily about advancing — doubling down and tripling down on renewables, wind and solar. The majority of them are made in China," founder and executive director of Power The Future Daniel Turner told Fox News. "So, you're basically writing an agreement that guarantees China a customer and guarantees their manufacturing sector decades of purchasing. Of course, China would love this agreement. And their obligations — they'll just ignore that. They've ignored every other obligation. It is basically guaranteeing China decades of wealth, guaranteeing America is going to buy their products."

"The cooperative initiatives outlined by State Department will create make-work for bureaucrats, subsidies for rent-seekers, photo ops for local politicians, and new opportunities for Chinese agents of influence and industrial spies," explained Competitive Enterprise Institute senior fellow Marlo Lewis to Fox. "The effect on climate change, if any, will be negative, as the 'cooperation' will nudge the United States closer to Beijing-style central planning, production quotas, and groupthink."

While America remains the largest oil and gas producer in the world as it attempts to shift to green energy, China has carved out a dominant part of the renewable energy industry, thus allowing the authoritarian nation to profit off of the Democrats' green energy push. As reported by Fox, China currently produces 75 percent of the world's lithium-ion batteries, which are essential components in electric vehicles, according to the International Energy Agency. The Biden administration is currently pushing the auto industry to sell 50 percent EVs by 2030, a quota that has benefitted China and hurt American manufacturers.

Biden's foreign policy is a disaster. He continues to sell American manufacturers down the sink and put America last time and time again. President Trump was willing to take the fight to the Chinese on trade and pull out of the destructive Trans-Pacific Partnership. Under Biden, however, American foreign policy has generated one of the most dangerous and vulnerable global environments in years as Europe and the Middle East are engulfed in war, and China continues to rise. Meanwhile, the Biden administration is more worried about convincing a communist authoritarian to switch to solar panels than actually projecting strength. 

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