On the recordSeptember 21, 2012
Mr. Chairman, we haven't declared war on wind or solar or anything else. We simply don't believe that when you have a $16 trillion Federal debt that the Federal Government should use taxpayers' money to serve as venture capital for risky ventures like Solyndra that received $538 million and now is bankrupt. If this technology is so good, let the free market develop it. It does not need taxpayer support. Yet, on the other hand, this administration has adopted policies that you can't even build a new coal-powered plant in America because there's no technology available to meet the new emissions standards of the Obama EPA. On this particular amendment, on page 7 of the amendment, it says that by the year 2035 that 50 percent of the electricity would have to be produced from renewables. The gentleman in his comments said 25 percent, but this amendment says 50. {time} 0950
