By
G. McConway
|
November 25, 2022

Biden Pledges to Pay Climate Reparations to Developing Nations

Well, Joe is writing another big check with our money.

Just how much he is going to pay remains to be seen.

The one thing we do know, however, is that China could end up getting its hands on some of that money.

Climate Reparations

During the United Nations Climate Change Conference, Biden decided that the United States needs to buck up and pay for its climate crimes.

So, "wealthy" nations have agreed to create a "climate justice" fund that will be used to help developing nations pay for the "loss and damage" that took place to their nations due to climate change.

Here is the kicker…

Even though China is stacking up the cash, technically, it is still considered a developing nation.

Mind you, it also happens to be one of the top emitters of greenhouse gases.

According to a CNBC report, China "exceeded those of the U.S. and other developed nations combined" in 2019.

The estimate, per a 2021 U.N study, placed the cost of damages to be in the hundreds of billions, but a formal price tag per nation has not yet been set.

Regardless, Joe Biden cannot get this money without congressional approval, which will be awfully hard to obtain now that the Republican Party is taking over the House in January.

To give you an idea of how the GOP feels about the new fund, after it was announced, Senator John Barrasso (R-WY) called it "completely misguided."

Ironically, Biden's climate czar, John Kerry, said such a fund would never exist only a few weeks ago.

He stated, "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."

Then, after Joe Biden made the pledge, Kerry changed his tune, putting out a formal statement that he "welcomes" the fund's creation.

The event itself drew widespread criticism, as hundreds of private jets flew into Egypt for the event, with most of the members of the group traveling in large caravans of gas-guzzling SUVs.

Power the Future founder and executive director Daniel Turner stated, "Forty-thousand people were at Sharm El Sheikh in Egypt—one of the most posh resort towns in the world—for over two weeks. They all had to eat and they all had to drink. That's a lot of money.

"Couldn't that money have been used for climate reparations? It's such an enormous joke."

I would tend to agree. It is as though they create these events so they can travel to the most exclusive parts of the world on taxpayers' dime for a little vacation interrupted by some ridiculous conferences they have to put on just to make it look good.

Source: Free Beacon

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