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Howard Lutnick: “We want to invest $100 billion in finally unleash the…”

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 14:51

So it's project by project, give us a little more sense as to really how that money is going to be spent. 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. (14:51–14:58)

CLAIM

Asserts that there is a plan to invest $100 billion in Alaskan oil and natural gas.

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