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Howard Lutnick: “The President green lights it. We, we hire the construction…”

Featuring: Howard Lutnick, Secretary of Commerce | National

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Watch CNBC's full interview with U.S. Commerce Secretary Howard Lutnick

Published | Video Starts at 14:59

So there's an investment committee, we suggest projects, let's say the Alaska LNG pipeline, we want to invest $100 billion in finally unleash the American oil and natural gas that we have in Alaska. Hundred billion dollar project. The President green lights it. We, we hire the construction people and we send a capital call to the Japanese. They send in the money, we build the pipeline. And when the cash flow starts, we share the cash flow, the United States of America and the government of Japan and 5050 until they get their money back. (14:59–15:08)

CLAIM

Asserts that the President approves the project and involves Japanese investment.

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