Obama to end U.S. addiction to foreign oil
Azerbaijan, Baku, Jan. 27 / Trend , A.Badalova /
U.S. President Barack Obama's plan to invest in alternative and renewable energy sources will end the country's addiction to foreign oil, solve the global environmental crisis and create millions of jobs, the White House official Web site said.
"Our addiction to foreign oil doesn't only undermine our national security and wreak havoc on our environment - it cripples our economy and strains the budgets of working families all across America," the message said.
Obama's comprehensive energy plan will help create 5 million new jobs by strategically investing $150 billion over the next 10 years, and save more oil than the U.S. imports from Venezuela and the Middle East combined.
Another key goal in the energy plan is to put one million Plug-In Hybrid cars on the road by 2015. The vehicles can get 150 miles per gallon. The plan will ensure that 10 percent of U.S. electricity comes from renewable sources by 2012 and 25 percent by 2025, and implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80 percent by 2050.
Moreover, the U.S. plans to increase fuel economy standards, create new $7,000 tax credit for purchasing advanced vehicles and promote responsible domestic production of oil and natural gas.
Along with developing alternative energy sources, the plan establishes the Create Millions of New Green Jobs program to weatherize one million homes annually, develop and deploy clean-coal technology and prioritize the construction of the Alaska Natural Gas Pipeline.
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