Energy And Water Development And Related Agencies Appropriations Act,
Mr. Chairman, I have an amendment at the desk. Mr. Chairman, it is not often that I can use a passage from the Bible to describe an appropriations bill, but the money- wasting allocation of funds in this bill is perfectly described by the…
Mr. Chairman, I have an amendment at the desk.
Mr. Chairman, it is not often that I can use a passage from the Bible to describe an appropriations bill, but the money- wasting allocation of funds in this bill is perfectly described by the Gospel of Matthew. It observes:
For whoever hath, to him shall be given, and he shall have
more abundance: but whosoever hath not, from him shall be
taken away even that he hath.
A sociologist termed this the ``Matthew Effect,'' a term for why the rich get richer and the poor get poorer.
That is pretty much what is going on here. Why on Earth are we handing out money to fossil fuel companies? They don't need more abundance. They are receiving more than enough from the Federal Government as it is, some $4 billion in taxpayer subsidies each year.
My amendment is extremely modest. It retains the $562.1 million for R&D that is in the budget--far more, I might add, than the President had in his budget of $475 million. But do we really need to increase the R&D budget for fossil fuels beyond the $563 million? Let's show the taxpayers we have just a little restraint.
Fossil fuel companies are perfectly capable of funding their own research. In fact, they do. ExxonMobil alone has spent about $5 billion since 2008. If more spending on R&D is, in fact, needed, they are more than capable of funding it on their own. Perhaps they could reallocate some of the $144 million, or
more than $396,000 per day, they spent last year lobbying Members of Congress. Maybe some of their 763 lobbyists--nearly two for each Member of Congress in the House--would be willing to start a new career in research.
Here in the Federal Government where we don't have millions of dollars to throw around willy-nilly, we need to reexamine our investments. Appropriations bills are documents that spell out our priorities. Increasing the fossil fuel R&D budget by $31 million to an already overly generous $562 million while slashing renewable R&D budgets by $80 million states loud and clear that we are more interested in funding rich energy companies of the past rather than energy of the future.
Again, this amendment is simple. It strikes $31 million in R&D from fossil fuels and commits it to deficit reduction and maintains the FY14 level of funding for this research.
Mr. Chairman, I reserve the balance of my time.
Mr. Chairman, we have been having a raging debate in this House over the Ex-Im Bank. Many of my colleagues on the other side of the aisle are screaming that that is, in fact, corporate welfare.
Well, when the three largest oil companies in this country-- ExxonMobil, BP, and Shell--made over $62.7 billion in the last year, and you are sitting here and telling us that giving them $4 billion and giving them another $563 million is not enough, that we need to augment it by some $31 million, I think that is pretty darn laughable.
With that, I yield back the balance of my time.
Mr. Chairman, I demand a recorded vote.