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For Immediate Release
Office of the Press Secretary
December 19, 2007
Fact Sheet: Energy Independence and Security Act of 2007
President Bush Signs Energy Bill To Improve Fuel Economy And Reduce Oil Dependence
Today, President Bush signed the Energy Independence and Security Act of 2007, which will improve vehicle fuel economy and help reduce U.S. dependence on oil.The bill the President signed today responds to the challenge of his bold "Twenty in Ten" initiative, which President Bush announced in January. It represents a major step forward in expanding the production of renewable fuels, reducing our dependence on oil, and confronting global climate change. It will increase our energy security, expand the production of renewable fuels, and make America stronger, safer, and cleaner for future generations.
The Energy Independence and Security Act of 2007 will help reduce America's dependence on oil by:
By addressing renewable fuels and CAFE standards, this bill will build on progress made by the Energy Policy Act of 2005 in setting out a comprehensive energy strategy for the 21st century. The Energy Policy Act signed by the President in August 2005 represented the first major energy security legislation in more than a decade. The Act encourages energy conservation and efficiency by promoting residential efficiency, increasing the efficiency of appliances and commercial products, reducing Federal government energy usage, modernizing domestic energy infrastructure, diversifying the Nation's energy supply with renewable sources, and supporting a new generation of energy-efficient vehicles.
The Bill Signed Today Will Add To The President's Ongoing Efforts To Enhance Energy Conservation And Efficiency
The bill includes provisions to improve energy efficiency in lighting and appliances, as well as requirements for Federal agency efficiency and renewable energy use that will help reduce greenhouse gas emissions. For example:
The Bill Responds To The President's "Twenty In Ten" Vision And Will Produce Some Of The Largest CO2 Emission Cuts In Our Nation's History
Taken together, all of these measures could reduce projected CO2 emissions by billions of metric tons.
The President Urges Congress To Act On The Remaining Proposals From His Energy Security Agenda
We must continue changing the way America generates electric power through even greater use of cleaner coal technology, solar and wind energy, and clean, safe nuclear power.
We must increase our domestic supply of oil in a prudent and environmentally sensitive way. The President again urges Congress to pass legislation that opens access to domestic energy sources such as the Outer Continental Shelf and the Arctic National Wildlife Refuge. He also asks Congress to double the current capacity of the Strategic Petroleum Reserve to protect America against disruptions to our oil supply.
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