On the recordApril 30, 2015
The reality is ExxonMobil, all of the other companies you named, don't get this money. This money goes into research, research that fuels 85 percent of the electrical needs in this country--research. Now, you could also say: If you are going to do that, why not take away all the money that goes into renewable energy research? Why not take away all the money that goes into wind power or into solar power or into nuclear power or into any of the other research that we do? It is just that some people can't fathom the fact that 85 percent-- that is getting close to 100--but 85 percent of our energy is produced by fossil fuel. While the gentleman talks about deficit reduction, the reality is I think he just wants to take some money out of the fossil fuel research account. I will be interested, being so interested in deficit reduction, how the vote comes later on with the Republican budget that will be before the House later on, so I will be watching that very closely. I yield back the balance of my time. The Acting CHAIR. The question is on the amendment offered by the gentleman from Minnesota (Mr. Ellison). The question was taken; and the Acting Chair announced that the noes appeared to have it.
