Hunter Biden, the youngest son of Vice President Joe Biden, has been appointed to the board of directors of Ukraine's largest private-gas producer. The company, Burisma Holdings, announced Biden's appointment on its website Tuesday.Ex-lobbyist Hunter Biden has had many jobs, including a PEU position with Rosemont Capital's Real Estate arm.
Western energy companies want to turn Ukraine's energy business their way and Hunter Biden is in a unique position to facilitate such.
The Carlyle Group had the chops to get ethanol mandates dropped. This came from another Pennsylvania Biden connection, Philadelphia Energy Systems.
Carlyle's European energy chief is extremely bullish and I can see why. The EU could be one gigantic money funnel for Carlyle
Ukraine’s prime minister and European Union officials on Tuesday closed deals for a total of 1.3 billion euros ($1.78 billion) in EU assistance that Kiev could use to pay its energy bills, combat corruption and reform its institutions.
Carlyle just added a new member to its International Energy Partners team, one with UK oil and gas experience. That's months after creating "a major new midstream energy business in North-West Europe."
CIEP is a key component of Carlyle’s global energy platform ($28 billion in AUM), which includes a strategic partnership with NGP Energy Capital Management (E&P investing in North America); Energy Mezzanine financing; energy infrastructure & power generation (Cogentrix); commodities (Vermillion); and the firm’s buyout capabilities in transactions such as Philadelphia Energy Solutions and Kinder Morgan.
CIEP would love to sell energy products to Ukraine and eventually own energy properties in a stable Ukraine. Watch how Uncle Sam and the EU facilitate such a move.
Hunter Biden's appointment comes as the U.S. and much of the West has sought to help Ukraine wean off its dependence on Russia for oil and gas supplies. Last month during a trip to Kiev, the vice president pledged U.S. assistance in Ukraine's pursuit of energy independence from Russia. Ukraine and the West believe energy independence would serve as a major leverage point for Ukraine in its standoff with Russia.
The White House insults citizens who know opening up markets for American branded global corporations is the aim, not a strategic byproduct. It should be no surprise that PEU Biden and Carlyle stand to profit handsomely. Their brazenness is shameless.
Update 5-14-14: The U.S. taxpayer backstopped another $1 billion in loans to Ukraine. Gazprom, Biden, Carlyle....
Update 6-22-14: Carlyle's Claren Road hedge fund invested in Liquefied Natural Gas Limited, which has a huge LNG plant planned for Lousiana..
Update 10-17-14: Hunter Biden tested positive for cocaine. While crack cocaine users fill America's jail cells Hunter's punishment was discharge from his part time job with the Navy Reserves.
Update 11-30-14: VP Joe Biden shared a Thanksgiving meal with Carlyle's Rubenstein. I'll venture Ukrainian gas was the subject of after dinner conversation.
Update 8-28-15: Hunter Biden blames Russian agents for setting up a fake Ashley Madison account in his name. How the Russians did this from Biden's office at Georgetown University is unclear. Biden's people have no comment.