Beijing Biden Agrees To Pay $1 BILLION in Climate Hoax ‘Reparations’ to Foreign Nations

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The Biden regime is bankrupting this country in the service of hoaxes and adversaries. The Democrats are a grave threat to freedom loving peoples.

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Biden Signs Up for Climate Reparations

The latest shakedown is a new fund to pay poor countries for supposed damage caused by Western use of fossil fuels.
By Wall Street Journal, The Editorial Board, Nov. 20, 2022 4:21 pm ET

The use of climate policy to soak Americans keeps getting worse, and the United Nation’s climate conference in Egypt ended this weekend with agreement on a new fund to pay reparations to poor countries. Welcome to the latest climate shakedown.

Poor countries have long sought to force wealthy countries to pay for the “loss and damage” they suffer from natural disasters that are supposedly climate-related. This is separate from the $100 billion a year that rich countries have promised to help poor countries reduce emissions and adapt to climate change.

The 2015 Paris accord suggested rich countries compensate poor countries for climate damage—the rationale being that industrialization has increased temperatures and led to natural disasters. Poor countries finally forced discussion of a formal mechanism to pay climate reparations onto this year’s U.N. conference agenda.

John Kerry, the U.S. climate envoy, dismissed the idea earlier this month: “It’s a well-known fact that the United States and many other countries will not establish . . . some sort of legal structure that is tied to compensation or liability. That’s just not happening.” But on Thursday Europe abandoned the U.S. by proposing a deal, and Mr. Kerry rolled over.

Wealthy countries will now set up a fund to cover climate damage for the least developed countries—i.e., not China or middle-income nations. This will be financed from “a broad donor base” and “mosaic of solutions,” such as international development banks and taxes on aviation, shipping and fossil fuels.

Europe hopes this will induce poor countries to reduce emissions to meet the Paris target of limiting global warming to 1.5 degrees Celsius compared to pre-industrial levels. The world has already warmed by 1.1 degrees, and a U.N. report last month estimated temperatures would rise 1.8 degrees even if Western countries meet their “net-zero” goals.

But China emits two-thirds more CO2 than Europe and the U.S. combined. Coal accounts for 60% of China’s power generation, and more new coal plants are set for approval through 2025 than the entire existing U.S. fleet. China says it needs more coal power for energy security and, unlike Europe and the U.S., it won’t commit climate suicide.

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Pig ZIZ Pigs
Pig ZIZ Pigs
1 year ago

I would ask the Attorney General to state the section of law that authorizes Taffeyhead Biden to make such a commitment.

Why the Attorney General?

I love to see Mr. Garland make an ass of himself.

Snowedin
Snowedin
1 year ago

The US should not be giving any money to any nation when we have many issues on our own country.

Snowedin
Snowedin
1 year ago

Why is this comment waiting of approval when there is nothing offensive in it.Awaiting for approval
The US should not be giving any money to any nation when we have many issues on our own country.

edD
ed
1 year ago

Reparations ?? Uh-oh…is BiDUMB getting ready to make Americans pay for the so-called “slavery” reparations ???

Don39D
Don39
1 year ago

Doesn’t the congress have something to say about this theft of the tax payers money? Even this freaking corrupt regime can not be allowed to get away with this. Biden and Kerry and all the other climate fools should go to prison together in hell!

BobV
BobV
1 year ago

Can’t spend money without Congress’s approval. How many times did fake news whine President Trump couldn’t build a wall, which by the way, was within his power to protect our borders? I am tired of living in a banana republic and am ready to go to war.

LaddyboyD
Laddyboy
1 year ago

I have no problem of the DemoKKKrat Buydem “giving away” his own Billion$ of dollar$ as long as the Billion$ come out of HIS and DemoKKKrat SLUSH-FUNDS!!!

k33j88
k33j88
1 year ago

Does the House of Representatives hold the purse strings or not?

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