Transcripts For CSPAN3 Key Capitol Hill Hearings 20141111 :

CSPAN3 Key Capitol Hill Hearings November 11, 2014

Newspapers and see iing this wi respect to the u. S. Firms, the mortgage problems, libor, forex issues. You cant just been telling yourself a few bad apples. Theres something about the structure of incentives and expectations within firms that needs to be addressed and i think a lot of boards and management know it needs to be b addressed, but this is almost surely the classic case of needing to take some changes that in some instances, are not going to manifest themselves immediately. Thank you so much for coming on a rainy saturday morning. Thanks, tim. And president obamas in china today and announce tad u. S. And china would begin granting visas to each others citizens that would be value itd for up to ten years. P president arrived in beijing today and is also pursuing a trade pact. This is part of a week long foreign trip for the trip. Hell meet wednesday with the chinese president. On thursday and friday, hell been b in myanmar and the trip will wrap up in australia for the g20 leaders sum. Hes expected to deliver a major policy address there. Tonight on the communicatorcomm Christopher Yu and director of its center for technology and competition. People who oppose should take a look at the internet full header. The magic that makes the internet work. Theres something in there ca called the type of service flag. Latency services, different forms of priorization, that was designed for the internet in the beginning. When we redesigned the internet for ipb 6 because we were running out of internet addresses, they not only kept that, b they put another field, a label field, to do another form of priori saix. Prioritization was never allowed to be its a design feature of the networks in the beginning and if you talk to the way theyre using the network, theyre using it to deliver voices. Its called voice over, all use prioritization. Tonight at 8 00 p. M. Eastern on the communicators. Here are a few of the comments weve recently received from viewers. I just watched your show this morning on Domestic Violence and was very disappointed with what i saw and heard, i thought the guests were both weak and ineffe ineffectual and it seemed that the bulk of callers were a bunch of whiny men. One woman is beaten once every 15 seconds in this country by a husband or partner. That is one woman every 15 seconds. This is alarmingly, its swept under the rug in this country. Most of the perpetrators, the only way this will ever change is if men are willing to look at their own bad behavior and address it head on. Im listening to your commentator and one from the Bloomberg News and to be presented for each and every one of those bills have a repeal of what they call a o bamcare. Or the Affordable Care act. Whomever is the commentator needs to bring up that point and the lady who called in and said im watching the show recorded by the way. That would on the show, if you ever decide to that, im up for that. And continue to let us know what you think about the programs youre watching. Call, emil us or send us a tweet. Join the cspan conversation, like us on facebook, follow us on twitter. Reporters who covered the issue closely discussed the politics of the proposal and politics in canada. This is just under an hour. Good afternoon. Im david biette, also coordinator of Polar Initiative and its my pleasure to welcome you to this program on politics and process of keystone xl. I learned from politico this morning that attending todays program will keep the doctor away. So, just keep going to the xl programs. We have two stellar panels to look at how we got to this point. Six years and counting. Three years ago, almost to the day, we held a spirited debate on is the proposed keystone xl pipeline in the National Interest. As the state department having looked at environmental questions was then looking at the National Interest question. One of todays panelists moderated one of the 2011 sessions and seems to have devoted much of her journalism skills to the issue in the intervening years. Let me introduce our first panel. Next will begin at 2 00. El elana is oil and gas reporter. She will tell us how we got to this point and with we might be now. Joseph morton has been the correspondent for the omaha world herald since 2006. He will discuss the fight in nebraska and how the pipeline created strange bedfellows there. Paul k ororin writes for the gl and mail where he covers International Affairs and security issues. He will talk about how it fits into canadian policy. Each guest will speak for about five to seventh minutes, then well turn to discussion. Todays session is not about whether or not the pipeline should be built. Were trying to analyze its long and complicated history and what it means for politics. Thanks so much. So, to start off, i dont know if anybody else was following keystone xl as far back of the spring of 2010 when i started covering it, but it helps to understand how we got here now, the biggest environmental story in washington was the cap and trade climate bill. Now, if you remember back in 2009, House Speaker nancy pelosi pushed through that bill by a very, very slim margin and over the course of late 2009, early 2010, in the senate was stalling. Lindsey graham was the key republican involved in this. He was getting cold feet, citing lack of trust with the white house and immigration. All eyes were on cap and trade. Now, when cap and trade kind of died its informal death politically in the middle of 2010, there was also the bp oil spill, which was a giant environmental story and a lot of people were paying a lot of attention to changing the drilling system in america. Under the radar was keystone and there were a lot of environmental groups that cared about it, but they care about all Infrastructure Projects to an extent. Everybody has a policy analyst keeping an eye on something. It was a small time issue. You even had republicans in nebraska expressing a little bit of concern over the fact this pipeline would go through the auk wii fer. Now, fast forward four years. Every republican is on board urging the Obama Administration to cut short this review process. Democrats like jon tester who back in 2010 was saying hey, i dont want to give trans canada a safety waiver, are saying im with the republicans on this. So, what happened . In the ensuing four years. The Environmental Movement kind of dusted itself off after cap and trade. And a lesser, but no less significant defeat on a bill which also failed in congress. And it said were going to focus on infrastructure. You know, a lot of environmental groups see the Climate Change problem increase as a matter of carbon budget that can be burned according to the iea and other analysts. By a certain you know, year, lets say 2050 is the usual one. If we exceed, were locked in to Climate Change. So, thats kind of the frame that environmental groups adopted and said, b well, if we take an infrastructure focused approach, look at specific projects, among them, keystone, we have a better shot at winning the day. At, to their minds. Fighting or slowing or halting Climate Change, the most insidious effects of it, that is. So, you know, when i look back and ask why did keystone become the be all and end all Infrastructure Project for this new kind of era in american environmentalism, it goes back to a column jane hansen did, the game over column. That has been interpreted in very id rations by any number of americans and canadians ever since. He made the same assumption which is that keystone is the lynch pin, the key to essentially getting the lion share of the oil fans out of the ground. That is debatable, but he used kind of that assumption to say if keystone gets rejected, the oil goes to halt. The cost of extracting this he have fuel becomes potentially untenable for most in the industry and if it gets built, its a free for all and quote unquote game over. Now, as canadian officials pointed out a number of times, the oil fans when seen in the frame of broader global ghds, are a small portion. None the less, its frame of game over was really galvani galvanizing. Its really hard to organize against an epa. No ones going to march, section 611, clean air rule forever. But a pipeline, a big piece of steel that you can picture is something that gets people riled up. Its an easy organizing tool, easy to understand. And before you know it, this takes off in 20 suh, 11, we kic overdrive. In is summer of 2011 when theres a white house sit in, more than 1,000 people get arrested and theres just a shift that ends up pushing the policy and politics in a direction nobody could have predicted. Again, when i started covering keystone xl for green wire, there was the thought, oh, this will be good for a couple of 400 word stories. Nerdy terminology. And i think everyone including a lot of people working on it, have been shocked at how fast the politics have taken off. The reason for that is i just think that its, its a combination of unique timing for the movement as i was explaining goes through this stylistic shift and a unique political moment where congress isnt doing much. So, the appeal of stopping something as opposed to getting something done comes from getting something done. Because were relying on getting something done. Not a bill, couldnt fund the government last year, stopping something became a lot easier politically. So these two kind of forces, the stylistic organizing and political trend towards lack of progress and capitol hill formed attention and focus and before you know it, everybody was into keystone and here we are today. Tied more than two years ago. Here we are again with president obama, after the election, for something i would get into, weve seen kind of a ground hog day type scenario going on politically. I dont know if everyone remembers that. It was the same day over and over again. Environmentalists feel like the longer we wait for a decision, the better position we are in. There are some folks in the industry betting on the president making no decision. Im not sure thats so true either, but it gives you a sense of emotionally where we are. A lot of people are exhausted by this issue. Even those who work in major environmental groups who oppose it and for me, im just you know, wondering whether Hillary Clinton will weigh in on it. Thanks. Over to joe. Thanks. And that was great recap. Im going the talk about how nebraska kind of fit into that. Again, if you go back to kind of the end of 2010, there were not many people other than you, who knew about keystone xl in nebraska or outside of it. When the republicans took over the house in 2011, congressman literary from omaha, hell take a bit of credit for getting the ball rolling on this. Hes described how the republicans on the energy and Commerce Committee got together and were kicking around, what should be the big ideas for this next congress. He said, oh, theres a pipeline and its got the Environmental Community all bent out of shape in nebraska and if you could imagine all the other republicans on the energy committee, what is this keystone . Never heard of this. Soupds interesting, so get into it. Draft some legislation and that you know, he became one of the loudest pro pipeline voices on capitol hill and hes kind of spearheaded a lot of the efforts to try and force the president s hand. At this same time, other nebras nebraskans were concerned about the route and potential for spills in the aquifer. The sensitive area of the state that again, i dont think many people outside of nebraska had heard too much about before this. It was interesting to watch some of the politics develop as you had lee terry, big pipeline supporters, Holding Press Conferences with labor groups who you know, he disagrees with on just about Everything Else under the sun. At the same time, senator mike johanns, republican from the state, who was out there expressing deep reservations about the route and his potential expectations on the sand hills and again, a senator who is more likely to be writing epa and overreach was saying some of the same thipgs the sierra club was, so it was very interesting to watch those politics kind of play out. Once the state legislature got together and the governor and publg got concerned about the route, trans canada opposed the route, not far enough out of the sand hills. Now, its very much republicans support the pipeline. It is still a red state. There is aowners and activists e upset about the pipeline. A lot of concerns the state are not on the National Level, the concerns are much more about the impact of potential spills, landowner rights, imminent domain and so, the landowners have been pushing those concerns in the fight, they want a legal victory when a District Court throughout the route and the way the state legislature handled that process. That is now on appeal before the state Supreme Court. I think its safe to say that decision will come after the midterm election. But it should be coming down in the next couple of months. Its also clear the fight goes on. Congressman terry told me a few days ago hes not going let up on this until the pipeline is built. Hes very committed to that. Hes in a tough reelection race right now, so well see if he gets to come back next year and continue that fight. The bold nebraska, jane chleb, the antipipeline activists are trying to make sure he doesnt come back. They are planning to go door to door on horse back in the near future trying to urge his constituents not to send him back. Tlas little overview of things in nebraska. Paul. Hi. Good afternoon. Im just going to try and pull back a little bit from not so much the canadian standpoint, but this canadian perspective, i guess that would be the same thing. Canadas sitting on this huge resource. Its going to decline in value. It might be second or Third Largest hydrocarbon reservoir in the world and you can make a strong argument that in 100 years or maybe 50 years, it will have no value. Its difficult and expensive to extract, perhaps three times crude in the middle east. Its a long way from World Markets and and a long way from world prices. Particularly the or taurisanis and difference in terms. A Major National priority and its not about Energy Independence in canada. Its about extracting this massive resource before it declines in value or before mining it becomes politically impossible because of social or environmental considerations. This isnt the first time canadas taken an interesteded stand on issues. Goths do that and some of those predecessors have been small economically others have been boring, but important, like southwood lumber. This ones important in terms of energy and importance economically. Theres another one for me that set the ketone stone apart, the first time that i can remember that a canadian government has made a specific project that its going champion a National Policy. This National Policy really at its base level is lets get these resources to market and to world prices, but you dont hear the government saying we dont care which refineries it goes to, how it gets there. At least in terms of export to the United States, its all about keystone. It doesnt look like its championing a policy. It looks like its championing a project. Times have really changed in the last few years. First started championing in a very loud voice. This was the landscape they were talking about. They were pointing out that americans were preoccupied with land wars in iraq and afghanistan. South of 49 so, did this undercurrent, which canadians really dont want to own, but governments have really played on it, which is wouldnt you rather buy your oil from nice, friendly people close to you instead of those unsavory people and run reliable people far away. Very clear that its part of the when keystone was first proposed, but today, one of the biggest issues is whether they were going okay the export of domestic produced oil. The jobs were you had a very powerful lank. It may be theres not many jobs, you could argue its a few dozen make those arguments, but the current reality is that the job doesnt lastly, four years ago, the keystone xl was billed at a 5. 5 billion project. Theres people out there claiming it will be at 80. Even 75 a barrel. Im not going get into the crystal ball game, but if oils at 75 a barrel, theres a lot of reservoir sitting in alberta thats never coming out. Last two things. As we know, this isnt really about keystone. It wasnt about laying miles of pipe to get oil to refineries. Every constituency with a steak in this sees it differently. For the environmentalists, its a high profile, easy and useful icon to go after the administration on. In the greater scheme of things, 800,000 barrels imported to the United States a day is not that big a deal. Much bigger deal in canada where 800,000 barrels a day export at significantly lower costs than the alternatives is a bigger Economic Impact and lastly, look ahead just a little bit. Because this keystone project has according to money, really be devilled canada u. S. Relations. Some truly extraordinary comments on the supposed niceties of diplomatic relations. When the head of the country tells another country that the decision is a no brainer and when a foreign ministry, we dont care what the decision is. I dont think there will be much impact. Longterm. There have been spats before. President s and prime ministers have disliked each other program. The mutual antipathy is pretty much obvious. Lastly is a different view. Keystone seems to matter to many canadians, not so much because they care about oil as exports. Although some do. As much they care about being snubbed by americans. On the other hand, so did the 49. Keystone and perhaps quite frankly, theres only incidentally about canadas National Priorities and about whether it can sell its resources before they decline in va

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