We’re taking every possible action to develop, safely, a near hundred-year supply of natural gas in this country -- something that experts believe will support more than 600,000 jobs by the end of the decade. We supported the first new nuclear power plant in three decades. Our cooperation with the private sector has positioned this country to be the world’s leading manufacturer of high-tech batteries that will power the next generation of American cars -- that use less oil; maybe don't use any oil at all.FULL SPEECH
And after three decades of inaction, we put in place the toughest fuel economy standards in history for our cars and pickup trucks -– and the first standards ever for heavy-duty trucks. And because we did this, our cars will average nearly 55 miles per gallon by the middle of the next decade. That's nearly double what they get today.
I said this at the State of the Union -- a century of subsidies to the oil companies is long enough. (Applause.) It’s time to end taxpayer giveaways to an industry that has never been more profitable; double down on clean energy industries that have never been more promising -- that's what we need to do. (Applause.) This Congress needs to renew the clean energy tax credits that will lead to more jobs and less dependence on foreign oil. The potential of a sustained, all-of-the-above energy strategy is all around us.