Washington, D.C. - At the one-year anniversary of the Inflation Reduction Act, Power The Future is releasing new research highlighting the links between President Biden’s green push and its enrichment of China. The report offers solutions to reverse Biden’s China dependence that has been supercharged by the $369 billion worth of green giveaways contained within the IRA.

“The billions in green handouts contained within the Inflation Reduction Act is a record-breaking payday for the Chinese Communist Party,” said Daniel Turner, Founder and Executive Director for Power The Future. “It’s appalling that American tax dollars are supporting slave and child labor around the world while Joe Biden works overtime to destroy American energy jobs. Congress must act to defund the green handouts within the IRA and ensure that American energy is the priority.”

The entire report, Where Green Meets Red: How the Environmental Agenda is Making America Dependent on China, can be found here.

With a 40 to 80 percent market share, China controls the production and processing of energy minerals needed to build renewable machinery, providing a strategic dominance roughly double OPEC’s market share in oil.

Specific areas of examination include:

•The bipartisan "resolution of disapproval” passed by the Democratic Senate in May 2023 targeting Biden’s decision to allow tariff waivers for solar modules and cells from Cambodia, Malaysia, Vietnam, and Thailand that gave China a free pass.

•The Consumer Product Safety Commission (CPSC) exploring potential bans of gas-powered stoves.

•The Environmental Protection Agency (EPA) proposing a de facto EV mandate, one that would push EVs from nearly 6 percent today to nearly 70 percent by 2032.

•The $369 billion dollars’ worth of green handouts included in Biden’s Inflation Reduction Act (IRA.)

•Along with his son Hunter, Biden’s active support of Chinese mining interests abroad.

•Circumventing West Virginia Senator Joe Manchin’s requirements included in the IRA.

•The Biden Administration’s consistent rejections of permits for significant new mining projects, despite America’s over-reliance on foreign sources and adversarial nations for critical minerals and materials.

Power The Future is a 501c4 non-profit dedicated to fighting for American energy workers.