President Joe Biden has pledged to blow $1 billion on a foreign eco-socialist fund that redistributes Western wealth to so-called vulnerable countries such as China, an adversarial superpower with a GDP pushing $18 trillion.
In his speech Thursday at the 2023 Major Economies Forum on Energy and Climate, Biden warned of the impact of bad weather on faraway nations, suggesting that "as large economies and large emitters, we must step up and support these economies."
Despite economic troubles at home, Biden stressed that he was "pleased" to announce that his administration "is going to provide $1 billion to the Green Climate Fund, a fund that is ... critical in ways to help developing nations that they can’t do now."
