The United States is on the path to a cleaner and more secure energy future. Since President Obama took office, responsible oil and gas production has increased each year, while oil imports have fallen to a 20 year low; renewable electricity generation from wind, solar, and geothermal sources has doubled; And our emissions of the dangerous carbon pollution that threatens our planet have fallen to their lowest level in nearly two decades. In short, the President’s approach is working. It’s a winning strategy for the economy, energy security, and the environment.
Background: The Energy Security Trust
Producing More American Energy
President Obama is committed to an "all-of-the-above" approach that develops all American energy sources in a safe and responsible way and builds a clean and secure energy future. That’s why the President’s plan:
Investing in Energy Security
During the President’s first term, the United States cut foreign oil imports by more than 3.6 million barrels per day, more than under any other President. To ensure that we continue on a path towards greater energy security, the President’s plan:
Commits to build on the success of existing partnerships with the public and private sector to use energy wisely. Over the next four years, the President is committed to accelerating progress on energy productivity including through the Better Buildings Challenge, improving energy data access for consumers through the "Green Button" initiative, and making appliances even more efficient - saving consumers money, spurring innovation, and strengthening domestic manufacturing.
Calls for sustained investments in technologies that promote maximum productivity of energy use and reduce waste. The President’s Budget expands applied research and development of innovative manufacturing processes and advanced industrial materials. These innovations will enable U.S. companies to cut manufacturing costs, enhance the productivity of their investments and workforce, and reduce the life-cycle energy consumption of technologies, while improving product quality and accelerating product development.
The Administration has worked not only to strengthen our energy security at home, but also around the world. In concert with our domestic actions, we have pursued a robust international agenda that:
Promotes safe and responsible oil and natural gas development. The Administration has worked to promote safe and responsible oil and natural gas production through initiatives like the Energy Governance and Capacity Initiative, which provides technical and capacity building assistance to countries that are on the verge of becoming the world’s next generation of oil and gas producers, and the Unconventional Gas Technological Engagement Program, which works to help countries with unconventional natural gas resources to identify and develop them safely and economically and can support switching from coal to cleaner-burning natural gas.
Updates our international capabilities to strengthen energy security. We are working with the International Energy Agency (IEA) and others to ensure that our international institutions and processes reflect changes in global energy markets.
Supports American nuclear exports. We are providing increased support for American nuclear technology and supply chains to promote safe, secure, low-carbon nuclear power growth in countries that are pursuing nuclear energy as part of their energy mix.