Washington, Jun 30 (PTI) Resource-rich America will now seek “energy dominance”, President Donald Trump has announced as he asserted that Washington will not let other countries “take away our sovereignty” and “tell us what to do and how to do it”. Also Read - Joe Biden Administration 'Undecided' On Ending Trump-Era H-1B Visa Ban
“With these incredible resources, my administration will seek not only American energy independence that we’ve been looking for so long, but American energy dominance,” Trump said yesterday at an event at the US Department of Energy. Also Read - This 10-Second Video Clip Has Been Sold For a Whopping Rs 48.4 Crore, What's Special About It?
The US, he said, is blessed with extraordinary energy abundance. Also Read - Joe Biden Revokes Donald Trump's Visa Ban On Many Green Card Applicants, Says US Businesses Harmed
“We have nearly 100 years’ worth of natural gas and more than 250 years’ worth of clean, beautiful coal. We are top producers of petroleum and the number-one producer of natural gas. We have so much more than we ever thought possible. We are really in the driving seat,” he said.
“We don’t want to let other countries take away our sovereignty and tell us what to do and how to do it. That’s not going to happen,” he said, adding that the US is now going to be a net exporter of energy.
“We will be dominant. We will export American energy all over the world, all around the globe. These energy exports will create countless jobs for our people, and provide true energy security to our friends, partners, and allies all across the globe,” he said.
Trump also announced a series of measures in this regard.
“Today, I am proudly announcing six brand-new initiatives to propel this new era of American energy dominance,” he said.
“First, we will begin to revive and expand our nuclear energy sector, which produces clean, renewable and emissions- free energy,” he said adding, that a complete review of US nuclear energy policy will help them find new ways to revitalise this crucial energy resource.
Secondly, the Department of the Treasury will address barriers to the financing of highly efficient, overseas coal energy plants.
“Ukraine already tells us they need millions and millions of metric tons right now. There are many other places that need it, too. And we want to sell it to them, and to everyone else all over the globe who need it,” he said.
Thirdly the US has approved the construction of a new petroleum pipeline to Mexico, which will further boost American energy exports, Trump said.
The pipeline will go right under the wall, be is building across the US-Mexico border, he said.
Fourthly, a major US company, Sempra Energy, signed an agreement to begin negotiations for the sale of more American natural gas to South Korea, Trump said.
Fifth, the US Department of Energy has announced that it will approve two long-term applications to export additional natural gas from the Lake Charles LNG terminal in Louisiana.
“It’s going to be a big deal. It’s a great announcement, he said.
“Finally, in order to unlock more energy from the 94 percent of offshore land closed to development, under the previous administration, we are opening it up the right areas and creating a new offshore oil and gas leasing program.
America will be allowed to access the vast energy wealth located right off our shores,” Trump said.
This is published unedited from the PTI feed.