In an event at the Department of Energy's headquarters on June 29, President Donald Trump spoke about the future of America's energy needs. In attendance were Energy Secretary Rick Perry, Interior Secretary Ryan Zinke and Environmental Protection Agency Administrator Scott Pruitt along with members of Congress. NECA was invited to participate and NECA's CEO, John Grau, attended.
President Trump released his six key initiatives to his energy policy:
- Revive and expand the nuclear energy sector
- Ease financing restrictions to back overseas coal projects
- Approve construction of new petroleum pipeline to Mexico, further boosting American energy exports
- Approve the sale of more American natural gas to South Korea
- Approve applications to export natural gas from a terminal in Lake Charles, Louisiana
- Open up new offshore oil and gas leasing program
Here is the video of that speech (he references the energy policy at the 8:14 mark, and he introduces the six initiatives around the 16 minute mark).
As a follow-up, the White House summarized the plan:
An America First Energy Plan
Energy is an essential part of American life and a staple of the world economy. The Trump Administration is committed to energy policies that lower costs for hardworking Americans and maximize the use of American resources, freeing us from dependence on foreign oil.
For too long, we've been held back by burdensome regulations on our energy industry. President Trump is committed to eliminating harmful and unnecessary policies such as the Climate Action Plan and the Waters of the U.S. rule. Lifting these restrictions will greatly help American workers, increasing wages by more than $30 billion over the next 7 years.
Sound energy policy begins with the recognition that we have vast untapped domestic energy reserves right here in America. The Trump Administration will embrace the shale oil and gas revolution to bring jobs and prosperity to millions of Americans. We must take advantage of the estimated $50 trillion in untapped shale, oil, and natural gas reserves, especially those on federal lands that the American people own. We will use the revenues from energy production to rebuild our roads, schools, bridges and public infrastructure. Less expensive energy will be a big boost to American agriculture, as well.
The Trump Administration is also committed to clean coal technology, and to reviving America's coal industry, which has been hurting for too long.
In addition to being good for our economy, boosting domestic energy production is in America's national security interest. President Trump is committed to achieving energy independence from the OPEC cartel and any nations hostile to our interests. At the same time, we will work with our Gulf allies to develop a positive energy relationship as part of our anti-terrorism strategy.
Lastly, our need for energy must go hand-in-hand with responsible stewardship of the environment. Protecting clean air and clean water, conserving our natural habitats, and preserving our natural reserves and resources will remain a high priority. President Trump will refocus the EPA on its essential mission of protecting our air and water.
A brighter future depends on energy policies that stimulate our economy, ensure our security, and protect our health. Under the Trump Administration's energy policies, that future can become a reality.
Tagged with tED, Trump, white house