Political Quotes

On the recordSeptember 14, 2012
I want to point out, as I speak under our time, that the way I heard the last speaker, he can't be accurate in his statement that we have spent more money on wind and solar than any other source of energy. When you look at the tax breaks that the oil companies have been getting for year after year after year, we spend far more money through the tax system for the oil industry than we are for wind and solar. In 2005, the Congress adopted the loan guarantee program--2005. That was when President Bush was president. And this loan guarantee program was supposed to be there to help energy projects. Most of the loan guarantees people were thinking about at that time were the nuclear energy loans to help those projects. When President Obama took office, he wanted to accomplish two goals. He wanted us to move in a different direction to level the playing field, not just put more money in the hands of the oil and coal companies, but to give an incentive for the state-of-the-art projects in the area of wind and solar and other renewable sources of energy so that we could have a more diverse portfolio of sources of energy so that we wouldn't have all of our eggs in the basket of the oil and coal industries, and especially in the area of oil where we're so dependent on other countries to give us that oil. We're so dependent on oil that we're adding to the greenhouse gas emissions that cause climate change.…
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Henry Waxman
Democratic · California

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