at dupont, we saw this need. we took an effort to keep our energy use flat as we increase our production. we were able to save cuba to bleed over $4 million on -- just -- we were able to save kunitz of lead for million- dollar just on and it. how do we get solar? if you look at a solar cell, 15% efficient. every scientist i have seen -- if we only get 30% efficient, we could change the game. that is what i think it is a good investment. host: when you look at some been like wind, what do you make of that? guest: from a business perspective, wind, since inception, has cut the cost in half by perfecting the turbines, knowing how to place it and making the right decision. we believe wind it is one area where the research money should be spent. i believe there is a potential to cut costs in half again. then all of a sudden you are starting to become competitive with traditional energy sources. host: i want to read something lamar alexander wrote this morning, he has an editorial, and up dead in "the wall street journ

of dupont. he is now chairman of the board of directors of bank of america. for the record, the bank is an underwriter of the "newshour." both are members of the american energy innovation council we thank you both for being with us. >> thank you. >> woodruff: chad holliday, i want to start with you. tell us the main things that you talked to the president about what you think are needed and why. >> this council of seven business leaders have worked for the last six months, put together what we think is a common-sense plan to give our nation energy leadership built around more r&d. >> woodruff: research and development. >> research and development. john and i have talked and all of our members have. we're used to using innovation in research and development to make a difference in our businesses . we are investing in a very, very low rate, almost nothing in the energy industry compared to what we see in other industries, as our report describes, and we're simply saying we need to increase that significantly. from about $5 billion today to about $16 billion pe

more than $20 million in real estate, including a sprawling compound in ehoboth once owned by the duponts. >> michael scanlon. where is he today? >> michael scanlon, so far as i am aware, is still living there in rehoboth. one of my producers actually went up and chatted with him briefly, not to any consequence. but last i looked, he was still there. and he's awaiting sentencing. i believe one of the reasons that's taking so long is they're waiting for the result of the anna service fraud case that's going up before the supreme court very soon, as i understand it. so that would be a tough irony, i think, for jack abramoff, if the supreme court overturns anna service's fraud. it's possible he might go free and not serve any time, which if i were jack abramoff would be a bitter pill to swallow. because i think -- jack abramoff, in my view, was a zealot who became corrupt. scanlon was closer to a washington criminal. >> we're going to show a clip, and had a lot of debate whether or not to run it. it's bad language. if you don't want to hear it, please turn this off now. we're doing it becaus

our guests will include a former ceo from dupont and a congressman from louisiana and the head of the national finnnce resources defense council. that is "washington journal" tomorrow morning live at 7:00 eastern on c-span. >> mr. gorbachev, tear down this wall. >> 23 years ago, president reagan spoke those words at the brandenburg gate in berlin to watch the entire speech on saturday on "american history tv" on c-span3. >> with the confirmation hearing for supreme court nominee elena kagan coming up, c-span takes you inside the supreme court to see those faces and rarely seen spaces. 3 provide insight about the court. the supreme court, america's highest court, sunday at 6:30 on c-span. >> see what your member of congress said -- searched the congressional chronicle on the c-span video library. every word from the house and senate floor from 1987. for a snapshot on all members of the 111th congress, the -span congressional directory is available at c-span.org/store. >> house and senate conferees began meeting today to discuss the financial regulation bill, legislation to figure out w

you did at dupont. gues think either systemmwi work.nk ithe ceo and chairman are the same person, then there is a presidg director, for a lead direcr. also serve on the board at john deere. host: l's get ck to phone calls re. mulrine on the indepennt line in connecticut. i will have the produr nch up this line because i'm not sure wch line is on. are you with us? allight, we will movon to their role inhe -- in delaware, -- we will move on to darrelin delawe. call wiegard to cap and trade, i'm wondering why there is a change in opinion. gues dupt,suorted a cat and tradeyem -- cap a trade system. t we believe that will drive e right rket econocs. and it allows thefree system to work effectively. the are oer ways to accomplish this objective. as we talked about fel eficienctandards, we put thosemployes to make cars 35 miles pegallon. -- put t in ace to make our 35 mileser gallon. we are running out of ey sources. these are some things that we are proposing. overall, we are supplying 6.7 llion people anwe need to use our resources wisely. h

we are advocating dupont and credible investigation and it is important for us to argue for that investigation and be prepared to see what the infestation -- the investigation produces before we add in the language to that. >> he ruled out any solutions within the european union context. what is the united kingdom doing within the european union to end a blockade on gaza? new >> we're not ruuing anything out. i must press that there is a practice that administered with ministers -- foreign ministers in sarajevo and i will see more of them there all expressing themselves in very similar ways. and to the government of israel. there is no doubt about the intensity of the feeling from the european union. what we want to discuss as the body what further weaken to about that and what we can do working with the united states to bring an end to the middle east peace process. european foreign ministers. >> can as the foreign secretary to concur with the advice to not to travel to gaza? would he be ready to travel there himself? it is an appalling situation going on there. these testy conversations with

dupont was financed primarily from a tax on petroleum products. but the gun to my final point. implications of major oil spills for the trust fund. today, the fund has been able to cover the cost not paid for by the responsible parties but the fund's future liability may be at risk. in particular, the fund is at risk from claims that significantly exceed responsible party liability limits. we reported in 2007 that the current liability limits for certain vessel attacked such as tank-barges are disproportionately low relative to costs associated with such bills. the fund faces other potentiaa drain on its resources including ongoing claims from existing spills, claims related to sunken vessels that could leak oil, and as in the case of the deepwater horizon, the threat of a catastrophic spill. the response for this spill has been over $1 billion and it has not been contained. the cold spell will include -- eclipsed of valdez, becoming the costliest spill in u.s. history. if the current authorization is for $500 million for damage claims. it is currently at $1.6 billion, not suff

conflict of interest here investigating this because he's on the board of directors of coneco, exxon and dupontwhy can't we get people in there that are going to investigate this? i believe british petroleum should be put up for corporate malfeasance because that's exactly what it is. malfeasance because that's exactly what it is. guest: i guess i would giss agree a bit about the -- disgisree a bit about the qualiy of people that have been appointed. they are still appointing people. but from everything we have heard, the scientists that they have appointed have stellar records that are really unassailable. william riley has an outstanding record as an e.p.a. administrator and has direct experience with valdez. senator, graham, i'm very encouraged by everything he said since his appointment. so i'm -- i for one am encouraged by what i've been hearing from the cearimission ts far and by what the president has said about, you know, the commission being able to investigate whatever they need to, to make sure that this boesn't hntepen gisain. >> buffalo, new york, greg, welcome. caller: you look li