Monday, August 25, 2008

Pelosi defends her and hubby's Pickens investment.


House Speaker Nancy Pelosi (D-Calif.) answered questions from Tom Brokaw on “Meet the Press” this morning about yesterday’s Wall Street Journal article reporting that she and her husband have invested in former Swift boat ad financier and more recent alternative energy convert T. Boone Pickens’ Clean Energy Fuels Corp.

House Speaker Nancy Pelosi (D-Calif.) answered questions from Tom Brokaw on “Meet the Press” this morning about yesterday’s Wall Street Journal article reporting that she and her husband have invested in former Swift boat ad financier and more recent alternative energy convert T. Boone Pickens’ Clean Energy Fuels Corp.

“As speaker, I have to put everything on the table,” Pelosi told host Tom Brokaw on the subject of offshore drilling. “I don’t think it’s a good alternative, but if they can prove that it is, and they want to pay royalties to the taxpayer, let us use those royalties to invest in renewable energy resources, then we have something to talk about.”

When she mentioned natural gas as a transition to new alternatives to fossil fuels, Brokaw followed up with a question about a Wall Street Journal article detailing investments that Pelosi and her husband have made in T. Boone Pickens’ plan — one that includes developments in natural gas.

“It was between $50,000 and $100,000, and it’s part of an entrepreneurial package, a package we signed up for,” Pelosi said adding that it’s something she believes in.

When Brokaw pressed on her ability as a lawmaker to influence the prospects of Pickens’ endeavor, Pelosi said, “That is the marketplace.”

Read on.

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