Democrat President Joe Biden is pledging to pay huge sums of taxpayer money to foreign countries for “climate reparations” as American citizens continue to struggle in his domestic economic disaster.
More people than ever are facing dire circumstances across the United States.
As families battle rising energy and food costs amid record inflation in Biden’s economy, many Americans are now becoming homeless.
Meanwhile, as Slay News has been reporting, global leaders are demanding up to two trillion for “climate justice.”
Yet it appears that the welfare of American families seems to be less important than those in other countries supposedly impacted by “climate change,” according to the Biden administration.
A new report has revealed that the White House has just agreed to pay up to a billion dollars to poor countries for “climate reparations.”
As per an opinion piece in the Wall Street Journal:
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.
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.
…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.
Some reports suggest that the US will be on the hook for up to a billion dollars.
In October, it was reported that the total amount due could end up being as high as $4.3 trillion.
That’s the sum the US and other major carbon polluters will face at the COP27 climate summit in Egypt next month.
Meanwhile, China is not contributing a single dime in the way of “climate reparations.”
It’s essential to note that out of all the polluters in the world, China is the worst offender.
In fact, China’s carbon emissions are more than the rest of the West’s wealthiest nations combined.
Yet, the Chinese Communist Party is exempt from committing to this outrageous bill.
Per the WSJ:
Countries might also shake down U.S. fossil-fuel producers in their own courts.
Climate reparations will merely serve as another form of global income redistribution.
The Biden Administration’s surrender shows again that the religion of climate change is progressive penance for the sin of being prosperous.
In doing this, they ignore the plight of everyday Americans who can’t afford to run their heat or keep their homes.
The effects our current economic crisis is having a serious impact on vulnerable Americans.
Many are now struggling to meet their most basic needs.
This isn’t some abstract concept about the planet.
This is real and it’s happening to folks in our own communities.