This transcript is automatically generated
Well it was a Green company that was supposed to bring a lot of British Delaware electric carmaker -- around one -- billion dollar loan from the government.
To build new car at a former GM bland in that state.
But the plan points out the government -- alone.
Now they're scared they build the car overseas.
-- CEO Tom -- sort of -- that -- sort of -- tumble sport.
Although Tommy probably would have -- like it anyway he said this we're going to run this company as if we're on our own.
There is a concept.
To Sonoma California treasured Dylan's -- -- on whether that might be a good policy all the way around what -- Well I let me tell -- I think first -- -- it's tough launching new companies I mean that's the nature of capitalism it's a tough go particularly when your new -- this really wasn't capitals.
Well there -- his government backing do it but the fact is that.
Anytime -- trying to develop a new product.
New manufacturing line it's a tough go now I think the real question is is it is this an industry we wanna own in the United States and -- we will make strategic moves to own it.
You know historically Nino weather as space program respond.
-- generation of commercial.
Innovation right for the private sector or whether it was dark lynch.
You know -- the federal research programs that led to a lot of the defense innovations and strength we have today there has been history in this country.
And -- in a sense putting on investment capital to bolster new industries.
And I have a better understand -- -- interstate highway through the space program.
By the Athens based -- in the space well program was was a friend of mine.
-- sort of goofy technology.
Does -- -- well look I think it's worth about here's why.
We don't have any money to -- Well which say the price of not making these kinds of investments you're taking risks I think is greater where right now -- -- will priced -- 400 billion dollars -- for foreign oil that threatens our security threatens our economy threatens our environment.
I believe this program this loan guarantee program makes sense member was passed under bush passed on in my scenario prices.
So I think some of the individual companies that god does not we're not approved -- bush said yesterday administration console under present -- -- and you know we've examine this and this looks like Turkey.
Well look so lender ended up being one of those companies that understood and -- right to say that others happen like that will in fact -- just went there and where is the zeal.
Going full throttle on all of the about when the president others say.
That we're gonna look at only about I have a lot of oil -- is on here we decide what you're advocating on private land.
You warned not.
Going full throttle.
On on on trying to get -- try to get natural gas from places that are not.
On private -- and you were avoiding -- cost so you Mr.
Are being disingenuous.
When you talk about one explore all options.
But you don't want to swear those options well I happen to think -- try where the president I might disagree I'm not sure we should be on.
All of the about I really think we ought to make a very concerted effort on renewables.
Certainly not use our natural gas resources.
Terms oil because of its environmental costs other cause I don't think it's the best long term bad for this country.
But -- tell -- what -- an accident but here's what I mean if you if you just mentioned quite.
And this is simply just attendance we have on -- on the people are not so nice to us.
On let's let's get get that out of the way.
Well short term but we got pivot pretty quick understood they would meet dividend while you're drilling.
Let me tell you what China -- they've gone from in the last two years making 6% of the solar panels in the world to 60% they don't they're doing even says eight of us senators Clinton and second I understand -- -- you know they're doing -- their -- oil like I do Dunkin' Donuts.
They didn't even have at an oil producing and a day.
Thirteen years ago and now they have one that just eclipsed ExxonMobil.
As the top single oil producer on the planet in petrochina.
So they're going all in on everything.
-- look we don't have the same obviously political structure you know we don't have companies don't control in the same way but I do think it makes sense to make some strategic Orleans means the same in all languages.
It's yet but let me just say assignment this clean energy industry -- the Bureau of Labor Statistics just came out with some -- -- -- -- you know about three million people working in the sector in either goods and services and want anymore -- and there.
In goods and services that benefit the environment.
Or in resource source conservation you've got about 300000.
Jobs in that set -- three million work and that's are they -- -- -- -- nuts knowledge there they're out they're producing -- -- and it's everything from riis cycling to solar energy you know the amount of utility scale solar projects from 2010 to 2000 -- Of those -- in -- -- I hate everything he fossil fuels are they all made everything.
What alternatives are there energy.
I've been -- -- only just say site I think we need to make the shift again because of dependence because -- jobs because of the environment by the way.
When you do a solar project creates on -- dollar for dollar basis about seven times a number of jobs as.
-- operations so I just think we ought to be focusing on what's the most effective for us long term -- in terms of -- -- let me just say -- I think there's an argument here that we got to ask ourselves.
No longer any federal assistance they're looking -- going overseas business and industry who wanna have a shot a commanding I guarantee if this was China.
They'd be talking -- day it's about what he -- -- -- -- shares shot her percent you know it's a beautiful dark if you just stays in the dropped just keep it.
And until it says I don't know I mean non Californians have made a lot of stupid decisions.
And then pass revenue for government was one of them alpha and on but anyway expect the that's weather in the people there.
Or bill --