The White House has posted President Obama's energy and environmental plan. While the plan only contains high level statements, it notes that dependency on foreign oil "doesn't just undermine our national security and wreak havoc on our environment -- it cripples our economy and strains the budgets of working families all across America." There is no comment on whether the White House considers oil from other parts of North America to be domestic or foreign (Although the third point below may be construed such that the White House views domestic oil as all North American oil since it only lists the Middle East and Venezuela).
The plan proposes spending on alternative and renewable energy, ending the United States "addiction to foreign oil", addressing the global climate crisis and creating millions of jobs. The following are highlights from the plan:
- Help create 5 million new jobs by strategically investing $150 billion over the next ten years to catalyze private efforts to build a clean energy future;
- Provide short-term relief to American families:
- Crack down on excessive energy speculation.
- Swap oil from strategic petroleum reserve to cut prices;
- Within 10 years, save more oil than we currently import from the Middle East and Venezuela combined by;
- Increasing fuel economy standards;
- Getting 1 million plug-in hybrid cars on the road by 2015;
- Creating a new $7,000 tax credit for purchasing advanced vehicles;
- Establishing a national low carbon fuel standard;
- A "use it or lose it" approach to existing oil and gas leases; and
- Promoting the responsible domestic production of oil and natural gas.
- Ensure 10 percent of our electricity comes from renewable sources by 2012, and 25 percent by 2025;
- Deploy the cheapest, cleanest, fastest energy source - energy efficiency;
- Weatherize one million homes annually;
- Develop and deploy clean coal technology;
- Prioritize the construction of the Alaska Natural Gas Pipeline;
- Implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80 percent by 2050;
- Make the U.S. a leader on Climate Change.