Rep. Comer recently obtained new documents that show Hunter and Joe Biden were working to sell American natural gas and drilling assets to Communist China.Rep. James Comer (R-KY) went on with John Solomon from Just the News on RAV on Thursday.

The Biden regime has banned energy for Americans. But plenty for their paymasters

Treason as policy.
GOP reps seek Treasury reports on ‘millions’ paid to Biden family by Chinese company

From the Committee on  Oversight and Reform:

House Committee on Oversight and Reform Ranking Member James Comer (R-Ky.) today is pressing Department of the Treasury Secretary Janet Yellen for information about the Biden family selling American natural gas to China in 2017 and Joe Biden’s involvement. Documents and communications obtained by Committee Republicans reveal Joe Biden was involved in the arrangement as a business partner, had office space, and may have benefitted financially from his family’s transaction selling American energy to a Chinese business closely affiliated with the Chinese Communist Party. Ranking Member Comer is calling on Secretary Yellen to provide all suspicious activity reports for the Biden family’s transactions with Chinese entities.

“Documents obtained by Committee Republicans show that the Biden family received millions of dollars from a Chinese business closely affiliated with the Chinese Communist Party, and therefore the Chinese government, to ship American natural gas to China. According to additional information provided by a whistleblower, Joe Biden was involved with this arrangement as a business partner, and documents reveal he even had office space to work on the deal. This comes to light at a time when the cost of natural gas is at a 14-year high and Americans struggle to pay their energy bills. The President has not only misled the American public about his past foreign business transactions, but he also failed to disclose that he played a critical role in arranging a business deal to sell American natural resources to the Chinese while planning to run for President,” wrote Ranking Member Comer. “We are concerned that the President may have compromised national security in his dealings with the country most adverse to U.S. interests—China.”

Under the Biden Administration, the Treasury Department changed its policy for releasing Suspicious Activity Reports (SARs)—a tool provided in the Bank Secrecy Act—to Congress. According to media reports, Hunter Biden and other Biden family members have racked up at least 150 SARs related to their foreign business deals. On May 25, 2022, Ranking Member Comer wrote to Secretary Yellen requesting all SARs generated for Hunter Biden and other Biden associates and family members’ financial transactions. He reiterated his request on July 6, 2022. In the Treasury Department’s September 2, 2022, letter to Committee Republicans, Treasury stated that SARs may be provided “upon a written request stating the particular information desired, the criminal, tax or regulatory purpose for which the information is sought, and the official need for the information.”

“Multiple whistleblowers have confirmed to Committee Republicans that from 2017 to 2021, the Biden family made promises to business associates that: (1) Joe Biden would run for President in 2020 and, (2) those who worked with the Bidens in 2017 onward would reap the rewards in a future Biden Administration. As America now struggles in an energy crisis, it is critical to understand why the Biden family was selling American energy reserves to the Chinese, if that is affecting President Biden’s decision making today, and why President Biden has never disclosed his relationship with the Chinese to the American public,” continued Ranking Member Comer. “If President Biden has worked to enrich not only himself but his family by promising, in exchange for millions of dollars, access or policy influence in a future Biden Administration, Congress and the American people are entitled to that information. Particularly since the Biden family promised business partners similar access to a future Biden Administration in other business deals, all while President Biden continues to deny any knowledge of Hunter Biden’s business dealings.”

The letter to Secretary Yellen and associated documents can be found here.

Congress secures first Hunter Biden whistleblowers as memos unmask lucrative gas deals with China

Internal company memos show Hunter Biden effort to score American LNG ports, gas deals, and drilling ventures for Beijing

By John Solomon, Just the News, September 23, 2022:

President Joe Biden boasts proudly today he is leading an “incredible transition” from fossil fuels, but just three years before he won the presidency his family worked to score billions of dollars in deals helping executives in communist China gain access to U.S. natural gas, oil and energy infrastructure, according to internal business memos and interviews with congressional investigators.

Memos obtained by Just the News from the Hudson West III LLC partnership that presidential son Hunter Biden operated with a prominent Chinese business executive named Gongwen Dong show the Biden family pursued at least 21 major deals in 2017 and 2018 for Chinese interests seeking U.S. energy assets, including liquified natural gas export terminals, LNG trade deals, drilling exploration firms, pipelines and other key energy assets.

Many of the deals targeted assets in the oil-rich Gulf Coast, including Louisiana, and aimed to help an energy-hungry China gain access to U.S. oil and gas, according to a summary memo of the 21 deals. Just the News found the memo on a Hunter Biden laptop turned over to the FBI in 2019 and corroborated its authenticity with a Biden business associate directly familiar with the deals and memos.

“Discussed both oil and LNG trading/exporting opportunities,” one memo sent to Hunter Biden read. “Our team was more interested in pursuing the LNG spread trading opportunities, due to the timing of upcoming winter peak usage season and the spiking natural gas price in China.”

That LNG deal and others like it never went forward, but Hunter Biden’s team chose to pivot in 2018 to other oil and gas deals, ranging from pipelines to drilling assets, the memo shows.

“Explore U.S. natural gas industry midstream investment opportunities (including natural gas pipeline projects with international and U.S.-based financial institutions),” the memo recommended as one of the 2018 opportunities.

Another goal, the memo stated: “Explore potential investment opportunities in the petrochemical and energy production space.”

The Hudson West III opportunities memo stated it was seeking to acquire interests in some drilling and exploration companies, like Noble Energy’s parent firm, that had fallen on hard times when oil and gas prices plummeted during the Trump administration. “Explore potential investment opportunity in distressed international energy company affiliates (for example, the Noble Group and affiliates),” the memo read.

File

HW Project Summary2018.pdf

The Hunter Biden-connected firm also dabbled with the notion of getting better prices by targeting minority-owned energy firms that got preferential treatment in some markets.  The “model involves the support and nurturing of minority business and commodity brokers” and the benefit would be to “gain further discount and better service terms from its oil major partners,” the strategy memo stated.

According to evidence released by Republican Sens. Charles Grassley and Ron Johnson and Rep. James Comer (R-Ky.), Hudson West III’s goal was to find deals to benefit its primary partner in Beijing, CEFC, the Chinese energy giant led by Chinese businessman Ye Jianming, whom Hunter Biden met back in 2015.

The size of some of the deals Hudson West III sought were massive, ranging from $800 million to as large as $2.8 billion, one internal company memo stated.

Comer, the top Republican on the House Oversight Committee and its likely chairman next year if the GOP wins control of Congress, told Just the News on Thursday night that he has secured cooperation from at least two of Hunter Biden’s former business associates, who have authenticated that Hunter Biden’s strategy was to help China secure U.S. oil and gas interests.

“What we know is that Hunter Biden’s company Hudson West III was negotiating a deal with the Chinese energy company CEFC to not only purchase American natural gas, but also to try to start purchasing interest in American drillers for natural gas so they can start to take control of the American natural gas industry through the drillers,” the congressman said in an interview with the “Just the News, Not Noise” television show.

“We have two whistleblowers,” he added. “And I’m confident they’re going to come forward in a Republican majority when I can conduct hearings, and I have the gavel for oversight, to tell us in detail what their objectives were. And these people were associates of Hunter Biden. And the ultimate goal — and the Bidens knew this — was for China to start to take ownership in all the different parts of the natural gas industry in the United States.”

Earlier this month, Comer wrote the Treasury Department asking for financial records related to Hunter Biden’s dealings with the Chinese, disclosing to Secretary Janet Yellin that his staff obtained a detailed business plan in Mandarin — including maps of U.S. shale gas deposits — showing the president’s son used Hudson West III to create a “plan to sell American natural gas reserves to China.”

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