Sign New Mexico Banking Lease Template Later

Industry sign banking new mexico lease template later

thanks senator manchin just to follow up on senator manchin's first question a series of short questions uh if you just kind of respond briefly the united states is the world's largest uh oil and natural gas producer just a fact on balance is is that a good thing or a bad thing um it is a good thing and i look forward to working with you to make sure that it's that it's clean and and reduces ghg emissions in the united states has if not the lowest and among the lowest energy prices in the developed world again on balance a good thing or bad thing of course jobs in oil natural gas and coal sectors pay well above the national average on balance good thing good thing of course worse largely because of hydraulic fracturing u.s emissions are now at the lowest level since the early 1990s on balance good thing bad yes and u.s oil exports natural gas exports coal exports to other countries uh make us influential suppliers in the global energy markets good thing it's important to be influential in the global energy market yes so last week the byte administration issued a 60-day ban on oil gas coal leasing and permitting on federal lands and waters half the state of wyoming is federally owned alaska it's a lot higher percentage than that did president biden or his advisors seek your counsel on the ban i knew that it was coming it was part of the campaign promise of of president biden did you encourage him to issue the ban then i didn't have a specific conversation with him about it myself yeah a long-term ban on oil gas leasing is going to cost about 62 000 jobs in new mexico and we have the senator from new mexico here about 33 000 jobs in wyoming 18 000 jobs in colorado a long-term ban is going to cut revenues to new mexico and wyoming by hundreds of millions of dollars which these states use for k2 public education other essential services i'm just curious how a long-term ban consistent with the president's goal of unifying our country and putting americans back to work and helping our economies grow how is that all consistent i think the president's plan of building back better which would create more jobs in energy clean energy than the jobs that might be sacrificed but i will say this no job we don't want to see any jobs sacrificed and that's why this when you opened up your remarks sir your your remarks about technology were so important this is why um reducing ghg emissions is so important on in the fossil fuel arena the the moratorium on public lands i know for those states that have these jobs in abundance this is something we're going to have to work on together to ensure that people are remain employed but i will say that the licenses that currently are operating are not going to be disrupted they will continue to operate and the oil and gas industry in particular they've got 10 000 licenses that they have and that will not be disrupted that they can continue to permit and deploy and extract energy from it is only on future licenses that this moratorium is so it gives us some time to be able to work on creating jobs and diversifying and providing good paying jobs in every pocket of the country and to senator manchin's point i know that part of what joe biden has put together is a a sort of swat team inside of the federal government to focus on communities that are uh that have powered america and to make sure that we don't leave those workers behind in 2016 you stated the us should quote do everything we possibly can to keep fossil fuel energy in the ground do you stand by those remarks i want to comment related to that yeah i think it is important that as we develop fossil fuels that we also develop the technology to reduce greenhouse gas emissions you know in december of 2020 december 29th just a little month ago usa today published an op-ed entitled jennifer granholm's energy record in michigan should frighten america the op-ed alleges that as governor you directed hundreds of millions in taxpayer dollars to battery solar other green energy companies that failed to deliver on their job creation promises one of the highlights that they talked about one of the examples was a123 systems an advanced battery company promised to create 3 000 jobs 2009 the obama administration awarded a 123 systems 249 million dollar grant your administration provided more than 141 million in credits and subsidies in 2012 they filed for bankruptcy later bought by a chinese company restructured in federal bankruptcy court and stopped manufacturing in michigan all together in short american taxpayers spent close to 400 million dollars to subsidize a technology transfer basically to the chinese so based on this record can you provide us something in terms of what confidence that we should have if you are confirmed that you will be able to invest u.s taxpayer dollars wisely thank you senator first that article is incorrect um in michigan we have something called the michigan economic growth authority that offers tax credits to firms that promise to build create a certain number of jobs but if they don't they don't get the funds and so in michigan because of the way that tax credit is structured uh that's we don't pay out if firms don't deliver i'm really proud actually of my record in michigan in terms of seating the area for battery technology as i say one-third of all battery facilities now in north america are in michigan as a result we should not be wasting taxpayer dollars there's no doubt about that and the money that was the loan guarantee program that the loan program office that the department of energy was is responsible for they too in fact in michigan for every dollar in tax credits that we put out we got two dollars and 30 cents back in investment and that's the kind of return that we should be looking for the taxpayers of the united states have received 500 million dollars back from the loans that the loan program office has given out and i hope that we don't look at some failures along the way as a reason not to invest in technologies that banks are not going to invest in because they haven't been deployed yet and this is why i think the loan program office is a huge opportunity for all of your states to be able to see technologies deployed and unfortunately i think the idea that the government's incentives are not because there may be one or two issues where the companies themselves for market reasons or because china has come in and bigfooted in some way those should not be reasons why the u.s does not get in the game you better we better believe that china is in this game they are aggressively competing states individually are bringing a knife to a gun fight and without a federal partner in making sure that we can get these jobs in america then we will be losing globally so i hope that we can work together to ensure that the loan program office and the state programs across the country are successful and are supported and in partnership with the private sector to make sure that we create jobs for people thank you mr chairman