You're watching...

Did Admin. Give Green Energy Companies Preferential Treatment for Loans?

Details

  • Description

    Rep. Darrell Issa, (R-Calif.), on Congressional hearings into the Obama Administration’s energy policies.

  • Duration 4:45
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance

Transcript

This transcript is automatically generated

The Department of the Interior -- being told to fess up Republicans calling on the department to provide communications on energy loans.

To see a special treatment was given to certain companies like -- With more on this Republican congressman Darrell -- of California joins me now congressman great to see you again.

-- you and senator sessions.

Are are asking for this information what do you hope to get.

-- -- I think the important thing is that senator sessions.

Being in the minority over in the senate just like senator Grassley a year ago has legitimate questions and got stonewalled -- -- join the fight.

Because we do have subpoena power because we do have the ability to call.

Hearings to get those answers because it certainly looks like the department of interior again participated.

In preferential treatment for the president's all of the above and none of the below strategy of energy.

Have you gotten any response to your letter.

No we haven't yet but the fact is that we're having hearings tomorrow which in which we're going to be dealing with the president's failed energy policies.

We're gonna continue to ask those questions to bring people before the American people so they can see.

That in fact there are a lot of unanswered questions but the ones have been answered don't look very good.

For America getting.

Abundant energy so we can have jobs in America something we sorely need.

Now my understanding is that you think so these loans were fast tracked for some company what companies are you particularly interest -- But we certainly have our favorites you know the for better or worse the there seems to be a package of people who are bundled for the president with contributions in some cases but certainly those who get who get loans.

In other words the American people are already investors seem to get those phone calls that fast track.

And I think that's where senator sessions is particularly interested that.

It looks like if you're on the right side with the president everything falls together for you the loans the fast tracking.

The ability get BLM land and so on made available.

And we have a lot of questions we hope to get answers if we don't get them through our letters we will bring people before congress.

But you know it's interesting the First Solar chairman became the commerce secretary.

Does this tie into your investigation as well.

Because you know First Solar is a company that -- Has an interesting history of cashing out and and in fact laying off.

And it does fit into an ongoing saga as the election approaches and these investments if you wanna call them that these loans and grants.

Are starting to show just how foolish they were in many cases.

And of course we do have the political right to the top calls to President Obama that took place in relationship to that company.

By -- you know it's certainly an interesting situation but let me tell yet.

The thing and I'm really worried about is that the American taxpayer is gonna be the on the hook for more of these companies failing do you see that coming down the line.

Well there's no question that as the weeks and months go on you're gonna see additional failures because many of these plans plans were on supportable.

But they were big -- you know secretary -- Steven Q.

Came before committee gave himself an eight plus even as Solyndra.

Was in liquidation.

Even as it was very clear that these these organizations.

With the government grants.

Fast tracking -- permits.

Subsidies.

And on top of that mandate we're still finding it -- themselves unable to deliver this fuel.

At an affordable price well the same time this administration is 37%.

Down in granting.

Oil and natural gas rights on on federal -- that's costing us revenue to the federal treasury and of course it's jacking up the price of energy -- at.

Home Friday at you know -- we keep looking at all these stories watching and waiting.

Are you kidding -- information you want from the White House and the administration or do you still feel like you're being stonewalled.

Well this is that did this is not an administration that is -- ever gonna catch up on and be able to claim that was open and transparent.

Very clearly they they send us these letters that say we have a long standing policy and then they tell you why they're not cooperating.

But the American people are seeing it particularly.

When they're seeing that the price at the pump is up.

-- in fact -- over 72 million barrels of oil stranded in Oklahoma because a pipeline isn't there and countless hundreds of millions of barrels.

In North Dakota that are being trucked.

Down at a great expense when they could be coming through the keystone pipeline and it just a year or two if the president would get out of the way and let that efficient delivery system.

Provide American fuel to Americans.

I would go long way to go congressman -- -- thanks for coming on tonight really appreciate your time.

Thank you --