A Biden administration climate appointee once studied at Tsinghua University, a Chinese Communist Party-controlled university that also does research for the People’s Liberation Army.
The Office of the Comptroller of the Currency (OCC), a U.S. Treasury office that “regulates national banks … and federal savings associations,” announced last week that Yue (Nina) Chen would serve as chief climate risk for the department. . While there, she will develop the department’s “Climate Risk Management Frameworks for the Federal Banking System.”
Chen received a bachelor’s degree in chemical engineering from Tsinghua University in Beijing, China. The university is funded by the CCP’s Ministry of Education and is considered “very high risk” due to its involvement in a “high level of defense research and alleged involvement in cyberattacks” on behalf of the Chinese army.
The non-partisan think tank Australian Strategic Policy Institute (ASPI) explained that the university conducts “defence research” on “artificial intelligence, air-to-air missiles, navigation technology, instrument science and Science of materials”.
The Washington Free Beacon, which first wrote about Chen, reported on his past position as a climate regulator in New York:
Chen, who previously served as a climate regulator at the New York State Department of Financial Services, is a proponent of “environmental, social and governance” guidelines, a socially progressive approach to investing known as climate change. ‘ESG. Under ESG, investment managers and insurance companies assess the risk of companies based on their commitment to progressive goals in the areas of diversity and climate change. Chen spoke at a panel last year on the topic of pressure on industries to “finally leave fossil fuels behind” and redirect their investments “toward solving the climate crisis.”
However, Chen is not the first controversial person under the Biden administration to be mentioned for a post at the OCC. Last year, President Joe Biden appointed Saule Omarova to oversee the OCC, which would have given her the “most powerful and least responsible” position on cryptocurrencies and banking if confirmed.
Omarova, a professor at Cornell Law School before being nominated, had a highly contentious nomination process before withdrawing her nomination after Democrats and Republicans opposed her hardline views on eliminating community banks and fossil fuel companies.
She also gained attention for attending Moscow State University as a student on a scholarship named in honor of Vladimir Lenin. In addition, she reportedly deleted references to a thesis she wrote while at university titled “Karl Marx’s Economic Analysis and Theory of Revolution in The capital.”
Consumers’ Research executive director Will Hild expressed concern about Chen to the Free Beacon, explaining that “his appointment is part of Biden’s effort to establish controversial ‘environmental, social and governance’ policies in federal agencies”.
Jacob Bliss is a reporter for Breitbart News. Write to him at firstname.lastname@example.org or follow him on Twitter @JacobMBliss.