[applause] well, thank you and welcome everyone to a very exciting day for the inaugural launch of our project called chinese handcuffs. In case you didnt pick one up on your way and we had these for everybody on the way out, which has become the emblem of this project. The socalled childs game in which you voluntarily immobilize yourself. This is one product that actually was made in china but i look for one that was made in china. Because i think it is critical for us to start to recognize what we are doing to ourselves, visavis u. S. Energy security and advocating our Energy Security voluntarily to china in the name of climate. They are doing this and highly predatory deliberate campaign to overtake us in energy and make us dependent on them. The good news is that we can write the ship and reverse this if we take it seriously. So today the first panel which discusses the Chinese Campaign we are very pleased to publish their guard many, many people at heritage i would like to thank, starting with our patient study center and davis, and harding and erin walsh who took lead on this project and brought it to fruition in a very timely timely manner. We of course very grateful for our friends in the climate and energy group led by diana ross, and that is one of our great strengths, heritage gives us the ability to work across this lens and bring folks together to collaborate on a project such as this. So without further ado i i wod like to introduce our panelists who will be discussing this project here. We will then have time for q a here in the room and then also for our friends joining us online. So if you would like to join me. Erin walsh is a Senior Research fellow in International Affairs at the Asia Study Center at the Heritage Foundation. Xi has had an extensive career in the private and public sectors, has worked for thwart republican administrations including president trumps when xi was both at the department of commerce and a fellow colleagues of the National Security council staff. And critically for our project today, erin also spent 12 years at Goldman Sachs in Services Going particularly xi served in china. So xi knows what xi speaks. A senior director and morningstar chair for global Energy Security at the Atlantic CouncilGlobal Energy center. And landon was also a colleague of mine both on the nsc and at the department of energy where he has worked for several decades on energy issues. And then finally last but sorting not least jack spencer is a Senior Research fellow for energy in a mental policy here at heritage in the center for Energy Climate and the environment. And he previously was our Vice President of the institute of Economic Freedom and opportunity, which is again a very important perspective that jack brings to our project here. He will also be deeply involved in pillar four in his other area of expertise which is Civil Nuclear energy. So please do join me in welcg them to the stage. [applause] in the honored tradition of ladies first, erin, i would just like you, i would like to start with you with a total softball, which is weve had the publication of how china exports americas climate region today. Congratulations on that. What are your Key Takeaways from the recent on the paper . Thanks so much, victoria, and you and your party who cowrote the paper with me. The Key Takeaways are really as you mentioned that we right now are in the handcuffs the china. This is been a decade agenda that led one of the same time our own liberal left agenda has brought us to this point. So thats quite disconcerting. The other issue is the United States is the number three Energy Producer in the world, and china is the Number One Energy importer in the world. What theyre trying to do is to reverse this trend so that they become dominant in distant energy and renewable sector, and we become dependent on them. So that is an extraordinary place the United States to be right now and hopefully we will be able to get ourselves out of it. Thank you. Jack, i can actually remember moments when this project sort of cropped up in my mind. It was actually very early february of 2020, and as i was transitioning on the nsc to the department of energy i read a report on this which i found shocking in the degree to which china is doing this deliberately to create this shift in energy balance. And in your decades of absorbing Energy Policy, whats the trajectory you have seen for china . As erin says the most needy, consuming nation. But have they sort of changed their role on the stage of Global Energy policy . First, thank you, victoria, for inviting here today to participate in this important event and with the whole project. Its interesting what china has done. For all intents and purposes the United States should be dominating the world in energy both on Hydrocarbons Technology across the board because we have it all. We have lots of we not only have now to resources but we have in addition, we have the technology to dominate the world. But that wasnt good enough. The left has decided that what is lifted literally billions of people out of poverty over the last couple hundred years, which is introduction of hydrocarbons combined with free markets wasnt quite enough. That they wanted, they thought that they could manage this better and did use Global Warming as the vehicle to do exactly that. Why thats interesting apropos in our conversation today is that it falls right into chinas hands. Because what theyve been able to do because they are Chinese Communists is spend a whole lot of Chinese Communist money to build their manufacturing facilities for things like wind and solar and electric vehicles which are precisely what the environmental left is forcing us to buy. And over time the trajectory has been us becoming more dependent on them. Its literally come here using its hand in glove where were building a policy for no good economic reason that completely opens us up to chinese dependence. After will talk about more why that might be but thats the trajectory, unfortunately, and its completely unnecessary. Well, thank you. Landon, jack raised climate issues which are central in to this discussion and we have seen the Biden Administration said some very interesting longterm climate goals and they have defined climate issues and i commit such as the National Security strategy as an existential threat to the United States. And where the conflict i see there is if you do that, then you have to write china even if you take it seriously as a lesser threat. So im wondering how you assess the goals that the set and also the critical question of can they be achieved without the participation of china . Thank you victoria. Thank you to the Heritage Foundation, erin, andrew, congratulations on a really nice report. I think it reads really well and articulate the conversation. Excessive pricing as jack e china would want to dominance over its deficit of indigenous resources, make it want to gravitate towards a new model. The United States doesnt have a challenge. So thinking through this challenge is from our perspective of how do we maintain our primacy and going forward. The Biden Administration has set out some i think very fairly ambitious climate benchmarks. Right . Talking 80 Renewable Energy generation by 2030, carbon free electricity by 2035, zero emissions in 20 thursday under note exactly 2030 but these are all benchmarks to require us to be engaged or require the world to grapple with how we make new Energy Affordable and the repercussions of what those supply chains i can have on us. To your point about how engaged china is in this value chain is really important point. Looking at their command of Energy Resources, china has effectively 80 of manufacturing newbie just as much as lithium batteries conception of rare earth extraction, 90 of processing. The point is when it comes to these new technologies, china has set up a framework that is could advantageous for them. This is a yes yes or no finr question can we achieve those benchmarks that the buy administration set up without china . Probably not. To do so without them is going to have economic consequence and good run of costs and what is a policy induced Energy Transition. Sticking with you for a moment since you raise this supply chain, one of the things the covid19 experience i think refill to everyone was the fragility of Global Supply chains. Erin is also because she is superwoman working on a bipartisan report on the origins of covid which will be rolling out later on this month so hopefully will be able to welcome you back then. But one of the thinks as i said, covid revealed was these fragile supply chains, particularly the ones that run through china. I was wondering if you could talk a little bit more about how those supply chains can potentially undermine our Energy Security . Well look, convention in a g supply chains we with. Oil and increasingly allergy are fairly global fungible commodities. We know how to move them. America does them well. When you start to add the context of Clean Energy Resources tickets were collected and theres a tremendous additional input we have to break down. I need a battery itself has some 1720 individual input. When youre creating a lithium ion battery is not just a barrel of crude oil. Its much more complex gps we discussed through a series of state led policies of subsidies, of investments by the Chinese Communist government, what weve seen is than actually kind of surround and as a put up with some other figures before, concentrate their control of those resources. There is a vibrant conversation about how we break up that dominance but they clearly see the value of taking what is a much more complex supply chain and garnering benefits from the extraction standpoint, the processing standpoint and the manufacturing standpoint to an enduser that may or may not be able to be a part of that value chain. Right now thats what were grappling through the policy led conversation were seeing here in washington. Im sorry to cut can answer something about the supply chain . You may, sure. What covid taught us is about the fragility of supply chains, but it something more important that i think. Its the risk that governments impose on supply chains. It was in covid that made supply chains break down here it was the response of governments shutting down the economy that cause supply chains to break down. We saw that again with russias invasion of ukraine, and that government shutting down supplies of natural gas to europe. I only bring it up because we need to soberly assess the risks that government supposed to be supply chains. And when you talk about communist china, when they control a completely vertically integrated supply chain of something that our government is forcing us to depend on, and makes the risk that much more, even more than what can what we saw under covert. I think thats an excellent point, jack, and it actually is a good segue to the next question for erin, which is that to my knowledge the history of what china has done in terms of deliberately dominating supply chains in this space, this truly has been written before. To my mind is a very analogous to the 5g playbook that youre going to move into space, exploit various weaknesses to dominate it and as jack said flooded with a whole lot of Chinese Commerce money was subsidies and whatnot that allows them to manipulate the market. Can you walk us through that campaign a little bit, erin, and what your Research Uncovered . Sure. Really, the energy, the whole energy space is extremely complicated actually many ways. One of the things we want to look at is what underpins where we are today . And that is the history. And without starting a genesis, a move us up to the 50s, that is really when the Global Warming science started in the 1950s in the United States. Al gore for many of you are familiar with, he was a student at harvard and he latched onto a professor who was very interested in this. He decided this is going to be a critical thing for the United StatesGlobal Warming. He really moved ahead and when he got to congress he started building up an entire, i would say, group of fellow members that would support this agenda here and they moved quickly to really start the first almost advocacy and activist movement on Global Warming and green energy. And with that, when he became a senator he led the first Senate Delegation to the first rio summit, which was one of those cops you about the u. N. Summit, cops, that we have each year. He then came back to the United States as Vice President. He really drove a lot of these negotiations for this, and for the climate agenda. And then when he left, he started a movie and made a movie and got an Academy Award from that, from that he got a nobel peace prize. So it really was to his benefit to really keep driving this agenda. At the same time in china in the 1960s, mao zedong was leading the cultural revolution. So you look at where china was amber al gore was who was really the real godfather of our Climate Movement. And with mao key, after the cultural revolution about 16 years later, will became involved in starting to remove this agenda in terms of creating their own agenda for the most part. And who jintao was the president at the time to really saw the impact of what was happening in china in terms of their pollution because their industrialization had taken place since the opening up of china with Deng Xiaoping and richard nixon. And so what weve seen is really his vast amount of water pollution, air pollution really killing agriculturally and really starting to create a lot of Health Concerns within. China china and i was goinge a lot of discomfort and social unease amongst the population and that became a real issue for the ccp. And so when cluj and how got involved, he decided to push this agenda hu jintao and create chinas agenda for green energy. And then when xi jinping came in and in 2012 hes on the road accelerated their move in terms of these new energy and renewables, understand the course that china does not have the that they need and have to import so much oil. For 1. 4 billion people, that got a lot to be dealing with. So, therefore, they knew they didnt have the Oil Resources that the United States does, and nor did have natural gas. What they wanted to do is create these renewables. U. S. Has solar, i decided to take that. The wind they took over. And then they have the new Energy Vehicles and the batteries. So i know you talk more about that but its important to understand the history of where we are at because al gore, john kerry whos intimately involved in all of this in negotiating the paris agreement, obama and a bite at a brought us where we are today. Along those lines, jack, im plotting a double question for you next im going to bring this to land in for for a secondk a little bit about the cops. You are and i were at dubai together this december. I really started watching them starting in edinburgh in 21. Edinburgh would be 26. So two back. But covid gets in the way. Yeah. But the evolution of the cop, what it does, and is that conversation shifting noticeably . Did it shift and charm or in dubai, and what you anticipate coming next year . Its a great question. I appreciate it, victoria. Only talk about change so long. You have contribution but eventually they involved and not every government, taking it despite his remarks follow so everybody is grappling with what it means in this context and the conversation is for better or worse galvanizing. I wouldnt say has its own magnitude impact. Right now there are a couple of benchmarks around a couple million figure in these countries and they are looking at that is challenging to begin with. Our companies in the u. S. Government, u. S. Companies are engaged to make sure we have a strong appreciation there. Maintaining that process. A good segue into what happened looking up project. It is against our loss and you have i met envoy coming out yelling out that companies that raise this issue. That was his priority and position. As we have been discussing it may beget the opportunity in a second, chinas anticompetitive practices, what are we going to fall into this conventional wisdom approac