A Blueprint for Energy Security

Chamber's Institute Issues Recommendations

Gen. James L. Jones, USMC (Ret.), unveils a comprehensive plan for securing America's energy future.

The U.S. Chamber's Institute for 21st Century Energy on September 30, 2008, released a list of 75 specific energy policy recommendations for the next president and Congress, including such novel ideas as creating a Clean Energy Bank.

"With a challenge this great and urgent, we must encourage new partnerships that bring together the best of government, industry, and academia to create cutting-edge technology solutions," said Energy Institute President Gen. Jim Jones, USMC (Ret.), at the unveiling of the Blueprint for Securing America's Energy Future in Fort Collins, Colorado.

Key recommendations include:

Permanently end the moratorium on the exploration and production of oil and natural gas on and off shore.
Expand nuclear power and provide a durable waste strategy once and for all.
Extend the $15 billion in alternative and renewable energy tax credits for eight years, gradually phasing them out in the following four years.
Provide $10 billion in federal money over 10 years for clean coal technology development.
Double the current federal energy R&D spending, in real terms, from $4 billion to $8 billion and establish a long-term R&D tax credit.
Create a Clean Energy Bank to accelerate capital formation for investment in new or advanced energy technologies.
Streamline the regulatory and licensing processes for construction of new nuclear facilities.

The Institute's blueprint builds upon its 13 fundamental energy policy pillars outlined in a July 2008 open letter to the next president and Congress. Sign the letter and download a copy of the blueprint at www.energyxxi.org/xxi/default.

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