https://newsmax.com/politics/hunter-biden-corruption-cobalt-electric/2021/11/20/id/1045522/Long before the Biden administration came to be, and President Joe Biden pushed green energy credits in his Build Back Better spending plan this year, Hunter Biden helped grease the wheels for a Chinese business to buy up key rare-earth minerals used in batteries for electric vehicles.
The New York Times reported Saturday that Hunter Biden was part owner in an investment firm that was involved in a Chinese conglomerate's $3.8 billion purchase of one of the world's largest cobalt deposits in the Democratic Republic of Congo.
Biden's spending package passed the House on Friday night and it plans to give away $320 billion in tax credits for companies or consumers who buy electric vehicles, purchase solar panels, or invest in improving the energy efficiency of their buildings.
Cobalt mines are pivotal to China's world dominance in making batteries for those electric vehicles the Build Back Better Plan and Democrats are effectively hoisting on the American people through U.S. taxpayer dollars and government subsidies.
Unwinding the twisting takes of moves, the Times reported Biden was a founding board member of BHR, which is the Bohai Harvest RST (Shanghai) Equity Investment Fund Management Company. It started up in 2013 while Joe Biden was vice president in former President Barack Obama's White House.
Three Americans including Hunter Biden controlled 30% of BHR, while the rest is owned or controlled by Chinese investors, including Bank of China, the Times reported from Chinese regulators' records.
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