Fox News’ Shepard Smith debunks Uranium One lie peddled by his own network

SHEPARD SMITH (HOST): What is Uranium One? Uranium One is the name of a South African-based mining company. Back in 2007, it merged with Eurasia Energy, based in Canada. And in 2010, the mining arm of the Russian nuclear agency, Rosatom, bought controlling interests in the company. Among other places, that mining company had operations in Wyoming that amounted to what the Nuclear Regulatory Commission, or the NRC, said was at the time about 20 percent of uranium production capacity in the U.S. Today the NRC says it’s about 10 percent.

Now, here’s the accusation. Nine people involved in the deal made donations to the Clinton Foundation totaling more than $140 million. In exchange, Secretary of State [Hillary] Clinton approved the sale to the Russians, a quid-pro-quo. The accusation first made by Peter Schweizer, the senior editor-at-large of the website Breitbart in his 2015 book Clinton Cash. The next year, candidate Donald Trump cited the accusation as an example of Clinton corruption.


DONALD TRUMP: Hillary Clinton’s State Department approved the transfer of 20 percent of America’s uranium holdings to Russia. Well, nine investors in the deal funneled $145 million to the Clinton Foundation.


SMITH: That statement is inaccurate in a number of ways. First, the Clinton State Department had no power to veto or approve that transaction. It could do neither. Here’s how it does work. By law, when a foreign company wants to buy anything with potential national security implications, an interagency committee of the federal government must approve it. The committee was given a broad mandate under President Reagan to advise the president on foreign investment transactions. That committee is called CFIUS, or the Committee on Foreign Investment in the United States. It includes nine department heads. The secretary of the treasury is the chairperson. The …read more

Source:: Media Matters for America

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