Fact Sheet: Promoting Energy Independence and Security: "Fact Sheet: Promoting Energy Independence and Security, April 27, 2006.

Today's Presidential Action
April 27, 2006

Today, President Bush Delivered Remarks On Energy Policy At The Small Business Administration’s National Small Business Week Conference In Washington, D.C. The President stressed the need to promote greater energy independence by harnessing the power of technology to create new sources of energy and make more efficient use of existing resources. The President outlined his broad vision for moving America toward greater energy independence and announced five new energy policy initiatives:

# The Department of Energy (DOE) will work to reduce uncertainty in the licensing process for new nuclear power plants and to provide Federal risk insurance to mitigate the additional cost of unforeseen delays.

# The Environmental Protection Agency (EPA) will simplify regulations to encourage the expansion of refining capacity, and Federal agencies will work with States and local communities to encourage the construction of new refineries on closed military sites.

# The President will call on Congress to make clear federal authority over siting of new Liquefied Natural Gas (LNG) terminals to increase supply and reduce prices.

# The President will support the extension of his proposed tax credits for energy-efficient hybrid and fuel-cell vehicles to include clean-diesel vehicles.

# The President will encourage the deployment of new and clean energy technologies in the developing world at the G-8 Summit in July.

Background: Our Growing Economy Requires Affordable, Reliable, And Secure Supplies Of Energy

Use Technology To Boost Domestic Energy Production. Over the past decade, America's energy consumption has increased by more than 12 percent, yet domestic production has increased by less than 0.5 percent.

# Nuclear Power Can Provide For Tomorrow's Needs. Technology has made nuclear power safer, cleaner, and ..."