of course, happy birthday to my co-panelist, senator murkowski. it's an honor and privilege to be here before the committee again. i join you in my role as analyst with bloomberg new energy finance, a division of bloomberg, focused on the clean energy sector. our group provides accurate and actionable data and insight on investment technology and policy trends in clean energy. my remarks today represent my views alone and not the corporate positions of either bloomberg lp or bloomberg new energy finance. in addition, they do not represent specific investment advice and should not be construed as such. that's what the lawyers told me to tell you. in june 2010, my firm produced a study in partnership with the nonprofit clean energy group entitled "crossing the valley of death, solutions to the next generation of clean energy -- to the next generation clean energy project financing gap." that report examined the various challenges facing energy technology companies looking to scale up while driving their costs down. it encompassed interviews with mor

i believe senator murkowski wanted to make a statement. >> if i may, mr. chairman, i've got to excuse myself and attend an appropriations markup. otherwise, i would not be leaving. i would be sitting and asking a series of questions. i'm intrigued by some of your proposals, mr. jenkins, about how we really do get to reform of some of our subsidies and how we figure out what the ramping is. i think it is a key part to what we need to consider. i do have a whole series of questions that i would like to submit to both of you for the record and perhaps we would have an opportunity to visit outside of the committee hearing to follow up on some of the proposals. this is an important topic. i think we all recognize that energy, the energy sector is one where things are constantly evolving and how we appropriately integrate the federal government into the incentive process is an important one. so thank you, mr. chairman. appreciate it. >> thank you very much. let me go ahead with a couple of questions. first, let me ask mr. zindler, one of the policies that some g

north murkowski? >> mr. chairman, mr. augustine, in the report you have concluded that we can have the greatest impact if we focus on energy, r&d, others have said that the focus or the major impact should be on the deployment end. as we are trying to figure out how we allocate scarcer dollars and how we prioritize, what -- what part of the technology chain do you figure the -- we here in the government should be focusing on most? >> that's a difficult question. certainly if you don't focus on research, there will be nothing to deploy. on the other hand if you focus entirely on research there be no money to deploy the benefits so you need to do both. research costs a lot less in general than the development, deployment or proof of principle, proof of scaling step. and so it may than much more money's required for the latter, even though ideally i think the role of the government is more easily justified, focused on research. it used to be that the u.s. government, when i say used to, i mean two, three decades ago, the u.s

i believe senator murkowski wanted to make a statement. >> if i may mr. chairman, i've got to attend in appropriations markup otherwise i wouldn't be sitting in asking a series of questions i am intrigued by some of your proposals about how we really did get to reform of some of our subsidies and find out what graham king is -- hari the net is. i do have a whole series of questions that i would like to submit to both of you for the record, and perhaps we would have an opportunity to visit outside of the string to follow-up on some of the proposals. this is an important topic. i think we all recognize that energy, the energy sector is one where things are constantly evolving and how we appropriately integrate the federal government into the incentive process is an important one. thank you mr. chairman. i appreciated. >> thank you. let me go ahead with a couple of questions. first let me ask mr. zindler, one of the policies that some of the government's. the so-called clean energy banks to help with the deployment of clean energy. i believe the united kingd

. >> senator murkowski to have additional questions? >> i did, mr.erman but we also have a second panel coming upon, but i have to have you fill in the blank white you think the energy sector has failed. what is it about energy that has made it more complicated? >> i think a number of things when is the high capital cost in the long term the facilities but i think more importantly its highly regulated industry it's controlled dividend, oil industry is controlled by cartels has found its way into the energy market today one of the things you all to do is to help bring the free enterprise system into the market. >> thank you mr. chairman. >> mr. augustine, thank you very much for your testimony and the good work that's gone to the reports we appreciate it very much. >> thank you. it's always a privilege before this committee. >> why don't we go to the second panel, we have two witnesses on the second panel, mr. heath and zindler of policy analysis for bloomberg new energy finance. he's testified before. mr. jesse jenkins is also here come the director

do you know how hard it is to write in murkowski? if you spell it with a y instead of an i your ballot is thrown out. if you spell it with an all instead of the u, your ballot is thrown out. but she won, and i think senator murkowski's experience shows that if you inform the public sufficiently and motivate the public sufficiently, you can reinforce what is outside this building, we the people. the power is in the people. the power is there, but it has to be exercised. and you know how often you hear people say well, one vote doesn't count. but that is replicated billions of times, and the nonvoters control the process, and the extremists on each side control the elections. if you want to win the iowa primaries, you have got to stay up until middle of the night to be able to caucus. a couple of final notes, the book has some lighter sides to it. i tell about an experience with senator kennedy in the senate gym. i was relaxing in the hot tub one day in the whirlpool, a great experience. income senator ted kennedy. who i worked with ve

let me call on senator murkowski, acknowledge this is her birthday, we're delayed just a minute while we were celebrating that in the back room. but let me call on her for any comment she has before we turn to the witnesses. >> thank you mr. chairman. and indeed fine birthday present if we could figure out as a committee how we advance in good, strong energy policy for this nation using the ingenuity, the -- just the opportunity that we have as a nation to really build on all of our strengths. so thank you for that recognition. i'd like to welcome mr. augustine to the committee here this morning. also mr. jenkins everybody mr. zindler. it was your report on competitiveness, rising above the gathering storm that served as a foundation for legislation that passed by an overwhelming margin back in '07. it wouldn't surprise me if your work on energy innovation encapsulated in the report that we're going to hear about today ultimately could lead to a similar result. i think most would agree that it's time for us to renew a coherent, long-term approach to energy development truly in all of

and 1 republican senator, lisa murkowski from alaska and we appreciate her support. it is a constant. they have been fighting us forever. i am more worried about a guy like terence flynn who is on the board. the first report said he was in violation of ethics law, giving information to the mitt romney advisers. there was a supplemental bill recently. not only did he give away information, this time he traded information to mitt romney advises that they would help him get confirmed. he was giving something for value. he was getting votes for value and i don't know, that sounds close to criminality. >> i did see the ig report and it was a former mitt romney adviser named in the report them and give us some context. >> it is what of the two republican members on the agency. >> he gave inside information that violated ethics. not a single republican on the hill has said it about this, not one. he has not resigned, either. if that were a democrat or had been a labor person, they would have been doing handstands in front of the fox news 24/7 but not a word. >> he is one of

clinton, if i might, in 2007 during a previous consideration or debate over this treaty, senator murkowski voted for tconvention. then governor sarah palin. it would extend our reach and provide predictability for investment for oil and gas extraction, for transoceanic cable, sea bit lining a whole variety of things that are newly emergent opportunities, and in the arctic, if we remain the only arctic nation to not ratify the treaty, puts us at some risk, both in terms of defending shipping lanes and commercial opportunities for our own country. what challenges is the state department facing in protecting u.s. 2re69s in the northwest passage in the arctic and in your view are we at some risk fb we fail to rat phi the treaty? >> one of the reasons there has been strong bipartisan support coming from alaska over the last decades is because they are truly on the front lines. we know there are natural resources that are likely to be exploitable, if we have the opportunity to do so. and so i think, senator, the -- you know, the fact that we are an arctic nation. the only arctic nation has not t

do you know how hard it is to write in murkowski? if you spell it with a y instead of an i your ballot is thrown out. if you spell it with an all instead of the u, your ballot is thrown out. but she won, and i think senator murkowski's experience shows that if you inform the public sufficiently and motivate the public sufficiently, you can reinforce what is outside this building, we the people. the power is in the people. the power is there, but it has to be exercised. and you know how often you hear people say well, one vote doesn't count. but that is replicated billions of times, and the nonvoters control the process, and the extremists on each side control the elections. if you want to win the iowa primaries, you have got to stay up until middle of the night to be able to caucus. a couple of final notes, the book has some lighter sides to it. i tell about an experience with senator kennedy in the senate gym. i was relaxing in the hot tub one day in the whirlpool, a great experience. income senator ted kennedy. who i worked with ve

murkowski: thank you, madam president. at this time i would ask unanimous consent to call up amendment number 2108. the presiding officer: is there objection? without objection, the clerk will report. the clerk: the senator from alaska, mrs. murkowski, for herself and others proposes amendment numbered 2108. at the end of title 11 -- ms. murkowski: request that further reading of the amendment be dispensed with. the presiding officer: without objection, so ordered. ms. murkowski: thank you, madam president. i rise today to speak to an amendment that we will have on the floor tomorrow afternoon. this is an amendment that certainly has generated a fair amount of interest within my state. in fact, really most of our coastal states, anywhere where we have an interest in seafood and seafood industry. it has been kind of unceremoniously dubbed the franken fish amendment. so my apologies to my colleague who just yielded the floor to me. certainly no affront to him. but what we are speaking about today is a genetically-engineered

. >> senator murkowski, do you have additional questions for mr. augustine katula >> i do, but i also know we have a second panel coming up. i have to have you fill in the blanks. why do you think the energy sector has failed? what is it about energy that has made it more complicated? >> i think a number of things. one is the high capital cost and a long time that facilities remain in existence, 40 or 50 years. more importantly, it has been a highly regulated industry. the oil industry is controlled by cartels abroad. the free enterprise system has generally not found its way into the energy market. one of the things that you all could do is to help bring the free enterprise system into the market. >> mr. augustine, thank you very much for your testimony and the good work that has gone into these reports. we appreciate it very much. >> thank you, is always a privilege to appear before this committee. >> let's go to our second panel. we have two witnesses on our second panel. we have had a policy analysis with bloomberg new finance. he has testified

>> and look, it's not just him, it was murkowski and bob bennet, if the same standard were applied, bobonald reagan wasn't in the congress, but one presumes he would be kicked out of the party as well. it's like it's not a liberal conservative here. it's about temperatument. it's like being in favor of the free market. he is saying i will not compromise on any position whatsoever. not just principals but every piece that implements it. >> now willard mitt romney is locked into positions of having to be extreme or silent. this week he refused to stand up to a woman that accused the president of treason, look at this. >> we have a president that is operating outside of the structure of our constitution. i want to -- i agree he should be tried for treason, but i want to know what you are going to be able to do to help restore balance between the three branchs of government. >> i happen to believe that the constitution was not just brilliant, but probably inspi d inspired. >> i mean, karen, either he agrees with the extreme position or he is afraid to say something that will be heckled or d

lisa murkowski voted with the male, went home and changed her mind.and talked openly about why that was wrong and how republicans were screwing that up. i felt like maybe republican women in the senate is going to make a difference. is there any dynamic like that in the house at all? >> there are a few republican women in the house. i've worked closely with them over the years who do believe in birth control. many of the newer members, the newer republican female members in the house, they adhere to the tea party position. they believe a lot of the same extreme views that the rest of the tea party members in the house believe. that's why you saw, for example, 22 of the 24 of them voting for a very restrictive reauthorization of the violence against women act that would have taken us backwards. there are some in fact house but not enough. >> thank you very much for joining us tonight. nice to have you here. >> it's great to be with you. thank you. >>> there was some history made this week that you might not have heard about because it made no headlines

paul supporters were so fired up, just so loud that senator lisa murkowski, mitt romney supporters, coulder could her guest, jim berasa. the crowd is chanting ron paul, ron paul, ron paul. and no one sells getting a word in edge wise. ron paul won for state chairman. beating the guy who is current alaska chairman whose had the job for a decade. six ron paul delegates will be sent to tampa. we have seen this ron paul plot are before. remember the iowa republican caucuses this year. first saying romney won it. no, then that wasn't right. then tried it say it was a tie. then rick santorum was the winner. but then none of it mattered in any practical sense but the iowa caucuses did not allocate a single delegate. a state republican committee does that. a committee picks the delegates that go to the republican convention. last month ron paul supporters took over that committee. guaranteeing ron paul at least half, at least half of iowa's 28 tell delegates. so ron paul won iowa and by the way, a ron paul supporter chairs the iowa republican party as well. securing victories large and small that

tend to win general elections frankly rather -- and in the illinosarat over alaska governor frank murkowskid it in california when he won the governorship in '98. why is all this important? can you see the same scenario potentially play out in another two weeks, this time in texas. four candidates are locked in a tough battle, dave dewhurst, cruz, leppert and james. >> "the dallas morning news" sass dewhurst has served as a moderate republican. >> "the houston chronicle" says dewhurst is considered a moderate. >> vote against dewhurst on may 29th. >> by the way, we can have a debate about that's a negative primary ad. some of you are shaking your head. dewhurst is running ads with a little help from his boss, the governor, and former presidential candidate rick perry. >> you know the d.c. insiders are scared when they spend millions attacking texas conservatives. despite their d.c. double talk, the facts are simple. david dewhurst is a fighter. >> the wild cards here are leppert and james. while the texas republican primary is two weeks ago, if no within gets 50%, the top two vote getters g

the answer, melissa, is what happened to senator lisa murkowski in alaska. she was cannibalized.a write-in, and virtually unprecedented in american political history, and can you imagine winning a write-in with a name like murkowski? [ laughter ] >> that is a great point. >> but when we look at the two big movements that have emergeded since 2010, the tea party on the right and occupy on the left, and the fact is that it is tea party folks who -- so i hear the point about lieberman and despite the fact that he ran for vice president on the democratic ticket, there is some question of how moderate or how much of a democrat he was, but, i do worry about this question that we say, oh, it is happening on both sides, when it does really feel like far more a pull to the right, and we have murdouck saying this week, it means more democrats coming to our side of the aisle. >> well, it is happening more often with the republicans, because think are better organized with the tea party. but the extremism has gripped both sides. this book i can't recommend too much. >> senator, i want joy-an

. >> in 2010, you had michael bennett, mike castle, lisa murkowski, kate bailey hutchison, they all didn'tk issue and worry about it. and then you had a john mccain who said, i've figure this had out and i'm not messing around. and oren hatch seems to have figured it out. >> exactly. he's seen it coming for two years. so he was prepared. where the tea party has had a greater impact this cycle is in open primaries and they have knocked off establishment candidates, for instance, in nebraska. just recently -- >> although that's not a tea party victory. fisher wasn't the tea party candidate. they all threw their money behind stenberg. it was anti-establishment. that's going to be interesting to follow as we move forward. we have primaries coming up in texas and a couple of other place where is we'll see if it happens. >> i keep calling this the year that we'll see how influential the tea party is. see mr. lugar get knocked was interesting. >> it seems to be a small state phenomenon. texas is going to be an interesting case study. there's a weird attack that said the dallas morning news referr

i know that lisa murkowski and olympia snowe have been pushing back things like the ryan budget, certainly support for the senate version of the violence against women act. is there a building coalition among women in congress to say hey, these bills don't work for us? >> i think it depends on the individual. and i think we've got a whole new group of women that seem to be pretty conservative. i think that it depends on your constituency and whether, what they think about the issues. the only people that i heard from in my district were against the house bill and really in favor of the senate bill. i think we were probably really surprised that this bill came from the senate, that hasn't happened very often that we get a bill to come over for us to address. and it was a bipartisan bill, there were all of the women on the senate side that voted for it. i think they did the right thing. >> thank you so much, congresswoman juldy big ert for your time. >> ladies on the panel. we are talking a couple things. one is of course the latest moves here on the violence against women act. also worth me

some of your republican colleagues, lisa murkowski said, i think you're sensing a fear, concern thatd that a long settled issue might not be so settled talking about contraception. it makes no sense to make this attack on women. if you don't feel this is an attack, you need to go home and talk to your wife and your daughters. that's what she wrote in april. and owe blilympia snowe said i like it's a retro debate in the 1950s. it's back to the future, isn't it? it's surprising in the 21st century we'd be revisiting this issue. there are certainly in texas as you know, state laws that roll back access to planned parenthood, to contraceptive screening. so why don't you feel that there is something going on in the republican party state by state when 30 states now that do attack women's rights? >> well, i think the issue of contraception is settled. obviously women can get contraception and they should have right and the freedom to do so. it was a religious freedom issue, the catholic church has now sued on that issue. and i think that it was miscashized. what i do think women care about

those would be the mccain amendment, the sanders amendment, the hurricane amendment --, the murk the murkowskihe paul amendment are still pending. people have indicated they wanted to come over and speak on these various amendments, i would hope that they do so, so we can perhaps getting to voting on the amendments and the final passage of the bill sooner rather than later. with that i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: quorum call: the presiding officer: the senator from iowa is recognized. mr. grassley: i ask unanimous consent to dispense with the quorum call. the presiding officer: without objection. mr. grassley: i've been a longtime proponent of safe drug importation. i'm currently cosponsor of a pharmaceutical market access and drug safety act, a bill that i've worked on many years with senator snowe and senator mccain. in 2002 and 2003, i supported amendments similar to the one before us today that would permit importation of prescription drugs from canada. in the year 2004, the late-senator kennedy and i worked together on

let me call on senator murkowski and acknowledge that this is her birthday.brating that in the back room. let me call on her for any comments she has before return to the witnesses. >> thank you, mr. chairman. it would be a fine birthday present if we could figure out as a committee how we really advance of good, strong energy policy for this nation, using the ingenuity, just the opportunity that we have as a nation to build on all of our strengths. so thank you for that recognition. i would like to welcome mr. augustine to the committee here this morning, also mr. jenkins. it was a report on competitiveness, rising above the gathering storm, that serve as a foundation for legislation that passed by an overwhelming margin back in 2007. it would not surprise me if your work on energy innovation encapsulate in the report we are going to hear about today ultimately could lead to a similar result. i think most would agree it is time for us to renew a coherent, long-term approach to energy development, truly and all the above approach. innovation, of course, is ab

let me call on senator murkowski and acknowledge that this is her birthday. we were delayed just a minute while we are celebrating that in the back room. let me call on her for any comments she has before return to the witnesses. >> thank you, mr. chairman. it would be a fine birthday present if we could figure out as a committee how we really advance of good, strong energy policy for this nation, using the ingenuity, just the opportunity that we have as a nation to build on all of our strengths. so thank you for that recognition. i would like to welcome mr. augustine to the committee here this morning, also mr. jenkins. it was a report on competitiveness, rising above the gathering storm, that serve as a foundation for legislation that passed by an overwhelming margin back in 2007. it would not surprise me if your work on energy innovation encapsulate in the report we are going to hear about today ultimately could lead to a similar result. i think most would agree it is time for us to renew a coherent, long-term approach to energy development, truly and all

clinton, if i might come in 2007 during a previous consideration or debate over this treaty, senator murkowski voted for the convention, then governor paid and endorse the convention. this would extend the reach of 200 miles to 600 miles, provide some predictability for investment for oil and gas attraction, for transoceanic cables, for seabed money, a whole variety of things that are newly emergent opportunities and in the arctic if we remain the only arctic nation that did not ratify the treaty, puts us at some risk both in terms of defending shipping lanes and commercial opportunities for our own country. what challenges does the state department face in protecting u.s. interests in northwest passage of the arctic? are we at some risk if we fail to ratify the treaty? >> i think one of the reasons there has been such bipartisan support coming from alaska over the last decade is because they are truly on the front lines. we know there are natural resources that are likely to be exploitable if we have the opportunity to do so. and so i think, senator, you know, that that we are an arctic natio

. >> i believe senator murkowski wanted to make a statement. >> i would not be leaving unless i were expected at a markup. i am intrigued about how we get to reform of some of our subsidies at how we figure out what that ramping is. i think is a key part to what we need to consider. i have a whole series of questions that i would like to submit to both of you for the record, and perhaps we'd have an opportunity to visit outside of the hearing to follow up on some of proposals. this is an important topic. we recognize energy, the energy sector is one where things are constantly evolving, how we appropriately to integrate the federal government into the incentive process is an important one. thank you, mr. chairman. i appreciate it. >> that may go ahead with a couple of questions -- let me go ahead with a couple of questions. that me ask mr. silver -- let me ask mr. zindler, one of the policies that some governments pursued is to establish clean energy banks to help with the element of clean energy. i believe the united kingdom and ahead withnhave moved this. can you describe what this

. >> secretary clinton, if i might, during a previous debate, senator murkowski and circulated endorsethe convention. this would reach from 200 miles to 600 miles and provide particular date unshed predictability. a whole new emergence of things for opportunity and in the arctic, if we remain the only arctic nation to not exceed the treaty and ratify the treaty, it puts us at some risk in terms of defending shipping lanes and commercial opportunities for our own country. what challenges is the state department facing in the passage of the arctic, and are we at some risk if we fail to ratify the treaty? >> i think one of the reasons there has been such a strong bipartisan support coming from alaska, over the last decade, is because they are truly on the frontline. we know there are natural resources that are likely to be exploitable in if we have the opportunity to do so. senator, the fact that we are in arctic nation, we are the only arctic nation that has not taken the step of a seating to the convention, and thereby being able to demarcate our continental shelf and our extended conti

murkowski: madam president, currently the f.d.a. is considering an application for a genetically engineered fish, a fish that takes d.n.a. from one salmon and an eel pout to accelerate the growth unnaturally. the faf.d.a. is not looking at labeling this fish. the f.d.a. is not considering the environmental impact of a statement on this fish into the marine environment. what we're asking for with this amendment is, as the f.d.a. proceeds in its process, that the agency that has oversight of our fisheries be allowed to participate and weigh in as to whether or not there's any environmental consequences that may come about as a consequence of a release into a marine environment. this is a situation where people have a right to know about the quality of their fish, where it comes from, what it's made of, and what i'm asking is for the agency that has oversight of our fisheries to have a role in this process. i urge members to support the amendment. the presiding officer: the majority leader. mr. reid: madam president -- madam president,