Political Quotes

“Mr. President, we are here today to discuss the energy efficiency bill and what may or may not be the status on any given amendments. I want to take a few minutes this afternoon to speak about the issue of liquefied natural gas exports. Senator Barrasso has proposed a bill that would provide for fast- track status for DOE licensing to LNG projects to export to members of WTO countries. As we focus on our opportunities that we have when it comes to our natural gas, our LNG, and the opportunities for Federal support for energy projects overseas, I think it is important to recognize there is a little inconsistency going on with this administration slow-walking infrastructure and hydrocarbon development in this country. I will give a couple of examples. The Export-Import Bank has supported a slew of LNG-related transactions over the past couple of decades. These are structured and project-financed transactions, these are loan guarantees, and some are even direct loans. With the assistance of the Ex-Im Bank and my committee staff, the Congressional Research Service has compiled a report on this subject which I would like to reference at this time. I emphasize that this is a list for LNG-related projects only. * * * if not exhaustive of the other kinds of energy-related infrastructure that the Federal Government finances overseas. So what we have here are projects that are LNG-related transactions that have been moved through the Export-Import Bank.…”