• 2 days ago
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Jurriaan Kamp, host of EarthxTV's "The Way Out," sat down with Representative Chuck Fleischmann (R-TN 3rd District) to discuss the energy transition, finding common ground, and the potential of nuclear energy.

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Transcript
00:00Welcome back to the EarthX television stage here at the EarthX Congress of Conferences.
00:07My name is Julian Kamp and we're going to talk this afternoon to a few very inspiring
00:11and interesting people.
00:13First off, to Congressman Chuck Fleissman.
00:16Good afternoon.
00:17Who has been a member of the House of Representatives since 2011, if I'm correct?
00:23Correct, sir.
00:24And you serve on the Appropriations Committee as well as on the Committee on Science, Technology,
00:29if not Science, Space and Technology.
00:32Science, Space and Technology and Approps, yes sir.
00:36So, you know a lot about the very things we're talking about this week and let me ask you,
00:41you were giving an address to the conference last night and you spoke about the future
00:47of the environment.
00:48Let me ask you, what is the future of the environment?
00:52Well that's an excellent question.
00:54I spoke about energy and the environment and it's been such a privilege to be here at
00:59EarthX speaking on several occasions and to wonderful, vibrant audiences who care
01:06about the environment and where our country is going, where the world is going.
01:12We have choices to make and I work very closely in one particular sphere, that is the nuclear
01:19energy sphere, which is clean energy, truly carbon-free energy, safe, abundant energy
01:25and proven technology.
01:27There are a lot of technologies out there for different forms of energy, but when we
01:33look at the traditional forms of energy, they work and nuclear works, it works in the great
01:39state of Tennessee, where our portfolio is about 47% nuclear.
01:45Other forms that are proven are hydro, very important, about 11% of our portfolio in Tennessee.
01:51But the bottom line is the future will depend on the choices we make today.
01:57And the abundance of energy, I want that to be part of the future as well.
02:02So not only a safe environment, but abundant energy as well.
02:06You just mentioned your support for nuclear energy and from a climate change perspective,
02:11there's a lot in favor of that clean energy source.
02:17At the same time, it comes with issues of safety.
02:20Can you speak to the consumer, you know, why we should not be concerned about that?
02:28First and foremost, historically, nuclear energy has been safe.
02:33Countries that have invested in nuclear energy, not only in the United States, but our friends
02:38in France, for example, are net exporters of energy due to their strong nuclear portfolio.
02:45Other countries, such as Germany, that decided to jettison their nuclear portfolio are now
02:50having to import and be dependent on other people.
02:54So nuclear has been safe, but the new nuclear designs are even more safe, if they could
03:02be.
03:03And what I mean specifically is our fuels, our operation, our designs, the new nuclear
03:09power plants tend to be smaller in terms of size, and obviously smaller in terms of output,
03:16so we'll need more of them.
03:19But on the front end and the back end of the fuel cycle, it's very important.
03:25And let me say this.
03:26The United States made a decision that the French, the Russians, and the Japanese did
03:31not make years ago.
03:33We made a decision not to reprocess those fuel rods.
03:36I hope we can reverse that, because that creates the issue, and I won't say the problem, but
03:42the issue of interim storage, and we can and will address that.
03:47But we also know, you know, an unfortunate situation in the world today is the war in
03:52Ukraine.
03:53There are nuclear power plants close to that front, and that seems unsafe.
03:58And we know there is, people are concerned about that.
04:01Now, we're not expecting, hopefully, God forbid, bombs falling on Tennessee anytime soon, but,
04:07you know, what do we do against that threat?
04:10Once again, the design of a nuclear power plant is so secure, whenever we build a nuclear
04:16facility.
04:17Today, they're dealing with, for example, the potential for a natural disaster, like
04:21an earthquake.
04:22These can be designed and dealt with so that there's not a safety concern.
04:28Obviously, we want to see peace everywhere, including in Ukraine.
04:34The older Soviet era nuclear power plants that are there, that have been actually producing,
04:42I won't say they're not safe, but they're antiquated.
04:45The newer designs are much safer, much stronger.
04:48And I will say this, power, whether it's nuclear power or from fossil fuels or from whatever
04:54the source, that are reliable, natural gas, is probably the best defense buffer.
05:02If we see a situation where a country is energy dependent, then sometimes the political, geopolitical
05:09choices they make are less than advantageous to their nation.
05:14There's another issue with nuclear energy, that is the waste.
05:18Where are we going to leave that?
05:20Again, some countries, France, Japan, Russia, have traditionally reprocessed.
05:27And what a reprocessing is, is they'll take a spent nuclear fuel rod, actually, after
05:34it's done, and reclaim about 95% of that.
05:38And it's a very efficient process.
05:41It's worked well for years.
05:43The United States, under President Carter, decided to take us in a different direction.
05:48So what we've been basically doing as a nation is storing these.
05:52This is not necessarily nuclear waste.
05:54It's a spent nuclear fuel rod, which can be reprocessed and recycled.
06:00Now we are currently doing interim storage, hopefully the future.
06:04Myself, I put about $15 million in the last energy and water bill.
06:09That's what I do in Congress.
06:11I'm the chair of the Energy and Water Subcommittee of Appropriations.
06:15The last bill, for the first time, had money for American reprocessing technology.
06:22Some scientists say that we can create a future, even without nuclear energy.
06:30What do you say to that?
06:31We can create a future.
06:32I mean, if we do a lot more solar panels and windmills and all these things.
06:34No, never get there.
06:35We can create a future, but there'll be a strong deficiency in energy.
06:40And that has proven in Germany, where they decided, I think to their detriment, now they
06:47realize to their detriment, to scuttle their nuclear program.
06:52Their friends and our friends, the French, have decided to upgrade and grow their nuclear
06:57portfolio, as have other countries, South Korea, Canada.
07:02And what has happened?
07:03They become net exporters of energy, which is not only profitable for the country, but
07:09also good for the defense of their nation, and allows them to be politically independent
07:15and make the decisions that are best for their respective citizens.
07:19So energy transitions have a major role to play for business.
07:25That's where business plays a major role.
07:27However, governments can and should sometimes regulate and support that.
07:33What role do you see for government towards the clean energy transition?
07:37Well, two roles.
07:39First of all, investing.
07:40Most of the initiatives that we have in our appropriation bills are 50-50 cost shares.
07:47What that means is the federal government will put up 50% of the money, and then private
07:53investment will be 50%.
07:55That's good for both, because unlike some of our competitors, and I'll be specific,
08:00Russia and China, where the state-owned enterprise goes in and does it all, that puts us as Americans
08:06at a disadvantageous position, because if we give nothing to the process, it will never
08:14work.
08:14We will never get there against our foreign competition.
08:17But having a 50-50 cost share means that these companies will have to raise capital, they'll
08:22have to be very responsible, because they will have to answer not only to their investors,
08:27but also be attractive to their investors to raise capital.
08:30What was the other part of your question?
08:32Well, I was just asking, you said there were two roles for government.
08:36Yes, investing and regulating, very important.
08:39United States uses the Nuclear Regulatory Commission, known colloquially as the NRC.
08:46We are very safe.
08:47We are safer than any country in the world in the way that we regulate our nuclear industry.
08:55Other countries are not as stringent.
08:57We want them to be safe, we want them to be stringent, but on the other hand, we want
09:02to make sure that our regulators know we have got to start getting some of these new
09:06designs out there and in production, otherwise we will fall woefully behind our friendly
09:13competition and our less than friendly competition.
09:17So the present government of the United States, under the leadership of President Biden, passed
09:23the Inflation Reduction Act, an interesting name for an act as such, but forget about
09:30that.
09:30A lot of it is about energy, clean energy.
09:33So what do you say to the attempts in that bill to smooth the clean energy transition?
09:42Well, these large bills that have been passed many times have been too large and off the
09:49mark.
09:50The Biden administration has a bent toward total renewables.
09:57And the reality is we cannot get there.
09:59I'm not against renewables.
10:00They can be a part of our portfolio and should be a part of our portfolio.
10:05But if you look at the most recent budget, there's been a 6 percent reduction in the
10:12president's proposed budget for fiscal 25 to reduce nuclear energy.
10:17Well, I think we need to plus that up because, once again, nuclear is reliable, it's
10:22predictable, it's efficient, it's safe.
10:26And it is so critically important to the baseload of not only my part of the world, but
10:33to the United States and really to the rest of the world that is looking at new nuclear.
10:38Can you give me an example where you think that government policy really helped to
10:43change the course of industry in some kind of right direction?
10:46It doesn't have to be energy, but I want to see that role between government and
10:50industry.
10:52Government does several things.
10:53First of all, we incentivize with a 50-50 or another cost share.
10:57Sometimes we will do direct grants for projects and the like.
11:03But more importantly, in a macro sense, depending on the worldview of the
11:10government, and my worldview is less government regulation, more private control
11:20over whatever the endeavor may be.
11:22But this administration tends to want to overregulate.
11:26They can impede or stymie many of the individual endeavors of many industries.
11:34For example, LNG gas.
11:36The Biden administration basically stopped the exporting of that.
11:40It was stunning that he did that.
11:42Many Republicans and Democrats want to see an immediate reversal of that.
11:47It's not good for the industry.
11:48It's not good for the nation.
11:50And sadly, countries like Germany have to turn to other folks, many times their
11:56adversaries like Russia, to look for their energy needs.
11:59So the bottom line is, government has to be vigilant, but government has to be
12:04very careful, because if they regulate in the wrong way, they can actually hurt or
12:09destroy a complete industry, much to the detriment of an entire country.
12:13So you make clear that there are very different views on, as they say, on both
12:20sides of the aisle, if you like.
12:21Exceedingly.
12:22But, and I see that point, but clean energy, climate change, these are global
12:26issues, but how do we get some kind of alignment that helps these policies, you
12:32know, in the United States Congress?
12:34Well, I think the best model is a free enterprise model.
12:38I want people to invest in all forms of energy, clean energy, nuclear energy,
12:46which is clean, and any, even a traditional energy, and I want them to be
12:51able to gain a profit.
12:52I want to see them incentivized to do that.
12:56And that's, that's critically important because the American people will not
13:00stand for losing enterprises.
13:02In fact, we've seen certain endeavors in the energy sphere that are not
13:07productive and do not yield a profit, and they ultimately fail.
13:12If we structure the economic side of it correctly and incentivize it correctly,
13:16it can be a win-win.
13:18It can be a win for the investors.
13:19It can be a win for the government, and it can be a win for the American people.
13:23And how do you bring your brothers on the other side of the aisle into this
13:26conversation?
13:27Well, we meet on a regular basis.
13:30Once again, everyone brings an ethos, a worldview, a political view to the table.
13:36435 members of the House, 100 members of the Senate, and a gentleman in the
13:43White House right now.
13:45Everyone has a different view, but communication and trying to find common
13:50ground.
13:51I routinely sit with the Secretary of Energy, who's from the other
13:55administration, or from our administration, from the other party.
13:59We do not agree on some things, but we do find common ground.
14:04For example, on nuclear, I have stressed the need for new nuclear, and this
14:08administration has actually worked with me in some areas to get that done, along
14:13with my Republican colleagues and some Democratic colleagues in the House.
14:18By the way, I should have said your brothers and sisters.
14:20Indeed.
14:21Across the aisle.
14:21Indeed.
14:22But apart from that, what gives you hope?
14:24What gives me hope?
14:26America right now has some of the brightest and best minds.
14:32When I go into schools, when I go into universities, when I go into our
14:36national labs, to sit there with the men and women who have the intellectual and
14:41educational ability to sit there and project what we are going to do now and
14:46in the future, I'm really hearkened to believe that our best days are ahead of
14:52us.
14:53Technologically, America is far superior to any of our adversaries.
14:58Our designs, our will to succeed is stronger and better than ever.
15:04Do we have some bumps in the process?
15:07Certainly we do.
15:09We're competing with state-owned enterprises.
15:11We're competing sometimes with individuals who don't want us to see and
15:16move forward, or who wrongfully and I think benignly believe that we can get
15:21there just with renewables.
15:23We cannot get to clean energy goals by 2040, 2050 or ever without nuclear and
15:30other forms of energy such as natural gas.
15:32You've been at EarthX before.
15:34Yes.
15:35What do you take away from this conference, from Dallas back to Washington
15:40D.C.?
15:41Optimism, collaboration, great minds from industry, academia and government
15:51coming together from around the world to talk about these key issues and of
15:56course, EarthX TV, which we're on right now.
15:59I was very laudatory of EarthX when I spoke with Crammel Crow today about this.
16:06It's a wonderful station.
16:08The quality of your programming is outstanding and it's a privilege to be
16:13with you today.
16:15Thank you, sir.

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