the bongino report

U.S. Lawmakers Dine With Klaus Schwab in Davos

Several American officials reportedly enjoyed a lavish lunch with some of the planet’s most powerful corporate leaders and World Economic Forum Chair Klaus Schwab during the organization’s annual conference in Davos, Switzerland.

The organization is a prominent proponent of stakeholder capitalismThis approach to investing requires that executives consider the needs and interests of other parties and communities in addition to shareholders. It also encourages greater cooperation between public-private actors. Officials like Gov. Brian Kemp (R-GA), Sen. Joe Manchin (D-WV), Sen. Kyrsten Sinema (I-AZ), Sen. Chris Coons (D-DE), and “a few members of the House of Representatives” According to a report, he took part in a luncheon at conference with prominent executives on Monday. report CNBC.

One person told the outlet that Manchin and Coons each spoke to the crowd of business leaders. Coons discussed the funding of the Ukrainian war effort against Russia while Manchin talked about the merits and benefits of American energy independence.

Coons stated to the outlet that “about 50 CEOs” would attend the luncheon at the Hotel Schatzalp, a property situated in the Alps and decorated in belle époque style. Antonio Neri, CEO of Hewlett Packard Enterprise, was one of the guests.

European leaders are upset by the Inflation Reduction Act. This law was signed by President Joe Biden last January. The package subsidized American electric car manufacturing but did not offer the same benefits for European automakers. Manchin spoke during an interview with POLITICO Europe that the continent’s leaders are “hyper-hypocritical” They have been protecting themselves for many decades.

“That bill was designed to basically strengthen the United States so that we can help our allies and friends, which need it right now,” The centrist lawmaker made the comment. “And if anybody needs it, the E.U. needs it. And without that, we’re not going to be and maintain the superpower status of the world if we’re not energy independent.”

Manchin claimed that he has warned European leaders to stop regulating fossil fuels and focus on technological innovations. “I told them, I said, the most important thing is basically you cannot eliminate your way to clean your climate,” He concluded. “You can innovate it, and that’s what we’re doing in the U.S.”

Coons stated to the outlet that European powers were growing “too reliant on Russian energy,” Commenting on his desire to “find a path forward” Discuss “the alignment of values and priorities.”

The theme of this year’s World Economic Forum conference is “Cooperation in a Fragmented World,” That includes “how we can tackle the numerous and interlinked challenges the world is facing and find solutions through public-private cooperation,” According to a press release The organization. BlackRock CEO Larry Fink and Microsoft CEO Satya Nella are among the executives who will speak at or participate in panel events. Political leaders like Olaf Scholz, German Chancellor, and Olena Zelenska, First Lady of Ukraine, will also be speaking. attend The conference.

Numerous officials of the Biden administration were present. partnered With the World Economic Forum via the First Movers Coalition “public-private partnership to commercialize clean technologies through advance purchase commitments,” The United States is represented by them John Kerry, Special Presidential Envoy for Climate Change, will address the nation. panel About government and corporate actors using “the power of catalytic philanthropy” For climate investments.

Representative Maria Elvira Salazar of Florida (R-FL), and Representative Darrell Issa from California (R-CA), will make the pilgrimage as well to Davos despite the hesitancy among conservatives toward the World Economic Forum. They have released statements They claimed that they would try to bring American founding principles to the controversial occasion.

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