Public records indicate that Speaker of the House, Nancy Pelosi’s son Paul Pelosi Jr. served as President and COO of the Ukraine oil company, Viscoil and Executive for NRG Lab and Research. At the time Viscoil was under investigation for securities fraud and for allegedly hiding the fact that the company was controlled by felons.
Viscoil was also one of the companies that was part of the Obama administration’s redistribution of billions of dollars into new energy technology.
This information hit the Internet in early October 2019, prompting President Trump to poke at Speaker Pelosi in December via Twitter.
‘Any answers Nancy? ‘Wow Crazy Nancy, what’s going on? This is big stuff!’ Trump wrote on Twitter two days after initially asking the House speaker to respond to the report.
Since then, Polifact among others has stated that the connection was false.
“The situation is not similar to Hunter Biden’s appointment to the board of a Ukrainian energy company, Burisma. Paul Pelosi Jr. once served on the board of an American energy company, Viscoil. After he left the board, the company dissolved and re-formed in Singapore under a different name. Pelosi Jr. had no part in the new entity, which is not is not based in Ukraine. It’s unclear to what extent the company has done any business in Ukraine,” wrote Polifact.
So did FactCheck, which in responding to the social media claim that Pelosi, Jr. did not work for a Ukrainian oil company, neither did Mitt Romney nor John Kerry’s children.
“There’s no evidence for social media claims that the children of Nancy Pelosi, Mitt Romney and John Kerry are working for “Ukrainian gas companies” or sitting “on the board of directors for energy companies doing business in Ukraine.”” reported FactCheck.
And then there is Snopes, who dismissed the claim by tearing down and restructuring news reports by publishing:
“On Oct. 3, 2019, the website National File reported a chronologically imperfect and vaguely formulated scoop that U.S. House Speaker Nancy Pelosi’s son, Paul Pelosi Jr., “was an executive of a gas industry company that did business in Ukraine.”
Though the article alleges no specific wrongdoing, an implication of impropriety is suggested by factually stating that the Speaker promoted this company at an event in 2010, perhaps as an act of nepotism, and that Paul Pelosi Jr. went to Ukraine in 2017. The allegation coincides with unsubstantiated claims of corruption leveled against Democratic presidential candidate Joe Biden’s son by President Donald Trump. Similar claims have been leveled against prominent Democrat and their family members.
The National File revelation, such as it is, stems from the descriptions of two videos on YouTube promoting the related companies Viscoil Group LLC and NRGLab. In a video filmed during the 2010 X Prize announcement, Nancy Pelosi introduced her son, who then promoted those two companies via video. The description of the video reads, “Paul Pelosi Jr. is a member of [the] management team of Viscoil Group of Companies and NRGLab. Paul Pelosi Jr. is interested in developing clean energy that can replace gasoline and diesel as transportation fuel sources.”
The first video established Pelosi Jr.’s connection to a “gas industry company,” while a second promotional video created by NRGLab allegedly established a link between that company and Ukraine. The second video, which consists primarily of platitudes about the importance of renewable energy, states in its description that “[Eurovision singer] Mika Newton and other artists are actively involved in promoting the clean technology of Viscoil Group of Companies and NRGLab. … Newton helped to secure the rights to build a plant for the production of SH-boxes in Ukraine.”
As such, the entire link to Ukraine rests in the assertion that the company NRGLab built or intended to build a manufacturing plant for something called an “SH-Box” in Ukraine. For several reasons, this is false. An “SH-Box,” according to a 2013 copy of NRGLab’s business plan, is an electrical generator powered by crystal growth that would be capable of “delivering electricity to billions of people throughout the world at a cost so affordable that it was previously unimaginable, as are the potential profits to be realized as the company … accelerates production.”
As much as these fact-checking organizations wish to destroy the narrative, video and timeline aside, the fact remains Paul Pelosi Jr. did in fact work at one time for a Ukrainian oil company that was under investigation for fraud.