The chair yield to himself five minutes for questions. First, mr. Wilburn, thank you very much for the service to your country as i thank captain moak as well. I used to be, prior to coming to congress, an officer in the Green Energy Company itself. I dont know about your particular company but its a subject im highly interested in. But, mr. Wilburn, im still a little curious. I understand that you were on a flight, i guess, when you were sending your testimony. But i guess my first question is, was it simply a clerical mistake, or did you change your mind on whether or not t. A. R. P. Regulations in dodd frank played a role in failing to finance the Brazilian Company that sought your product . So is it a clerical error, or did you change your mind about including that in your testimony . No, its not a clerical error. I didnt have exactly all the facts. Youll see the rest of my written statement. I think it speaks to some of those issues surrounding what youre okay. Mr. Wilburn, you he
Ignored again . Thats why we thought this problem was fixed last time. And then we worked over the course of the last two years to try to get the reforms that both sides of the aisle enacted. Lowell braynard told me they were not going to interact with the subsidies right across in the treasury department. In the meantime while we wait for reform to be implemented and find out its not going to be implemented, how many jobs will we lose in the interim . Were going to lose thousands. Thats why our position has changed. Last time, we thought we had it fixed. Now our position is if theres not a stop on widebody financing for stateowned. I appreciate that, mr. Wilburn, what youre doing, i appreciate your service as well as your entrepreneurial spirit. I just have one bone to pick with you. I know you say youre a free markettype of guy. I think you said i pledged my collateral, you can only pledge that once. And i get that. But i guesses that the way the free markets work. If i have an idea
Itself. Please do not let them put our livelihoods on the chopping block for their own political gain. This is from southwest coast products, a texas business. Id also like to read a letter from the Greater Houston Partnership. The Greater Houston Partnership is the preeminent chamber of commerce this my area. It is called the partnership because we do things differently in texas. And the partnership is also joined in this letter by a good many other entities that i shall name after having read an excerpt from this letter. It reads, the houston region continues to enjoy strong driven in large part by the Exportimport Bank. In order to keep momentum, it is crucial that Congress Supports businesses to expand into new markets and to create new jobs. The Exportimport Bank of the United States is one of these tools and we ask that you support this legislation. The letter is addressed to me. And it goes on to add that small and medium sized businesses in our region also benefit directly from
Believe its necessary to your Business Model, i accept that. But how is that fair to the other millions and millions of Small Businesses who sell to americans who dont get their products subsidized to the federal government . Sir, id love to compete on a fair basis in america with my Green Technology to take bio gas into methane. I dont get a subsidy. I take exception to your remark. But my point is does xm not subsa die finance for your products . I dont believe that im subsidized. I dont believe that at all. Yes, sir. Let me speak to that point, if i may, mr. Chairman with all due respect. And i do respect you from the bottom of my heart. My point is, you asked a question. I cant sell my technology here because theres barriers to entry to the market. And the barriers to the entry of the market is the oil and gas industry who subsidize the 15 oil and gas depletion allowance. I dont get that as a producer. I can but my bio and gas mr. Wilburn, wed be willing to work with you and be muc