My interest is in making sure we‘ve got the kind of comprehensive energy policy that can bring down gas prices. If, in order to get that passed, we have to compromise in terms of a careful, well-thought out oil strategy that was carefully circumscribed to avoid significant environmental damage. I don't want to be so rigid that we can't get something done.

We also need an energy policy. War is not an acceptable energy policy. But certainly, if Canada can satisfy all of their space heating needs with solar energy, then so, too, can we. And I’d love to see the old buildings that have been abandoned in community after community across this country become teeming centers of employment so that people are actually able to manufacture the green technology that this country needs in order to relieve us of our dependence on oil. We don’t need to drill.

Our national energy plan is based on 10 fundamental principles. The first principle is that we can have an effective and comprehensive energy policy only if the Government takes responsibility for it and if the people understand the seriousness of the challenge and are willing to make sacrifices. The second principle is that healthy economic growth must continue. Only by saving energy can we maintain our standard of living and keep our people at work. An effective conservation program will create hundreds of thousands of new jobs. The third principle is that we must protect the environment. Our energy problems have the same cause as our environmental problems-wasteful use of resources. Conservation helps us solve both problems at once. The fourth principle is that we must reduce our vulnerability to potentially devastating embargoes. We can protect ourselves from uncertain supplies by reducing our demand for oil, by making the most of our abundant resources such as coal, and by developing a strategic petroleum reserve. The fifth principle is that we must be fair. Our solutions must ask equal sacrifices from every region, every class of people, and every interest group. Industry will have to do its part to conserve just as consumers will. The energy. producers deserve fair treatment, but we will not let the oil companies profiteer. The sixth principle, and the cornerstone of our policy, is to reduce demand through conservation. Our emphasis on conservation is a clear difference between this plan and others which merely encouraged crash production efforts. Conservation is the quickest, cheapest, most practical source of energy. Conservation is the only way that we can buy a barrel of oil for about $2. It costs about $13 to waste it. The seventh principle is that prices should generally reflect the true replacement cost of energy. We are only cheating ourselves if we make energy artificially cheap and use more than we can really afford. The eighth principle is that Government policies must be predictable and certain. Both consumers and producers need policies they can count on so they can plan ahead. This is one reason that I'm working with the Congress to create a new Department of Energy to replace more than 50 different agencies that now have some control over energy. The ninth principle is that we must conserve the fuels that are scarcest and make the most of those that are plentiful. We can't continue to use oil and gas for 75 percent of our consumption, as we do now, when they only make up 7 percent of our domestic reserves. We need to shift to plentiful coal, while taking care to protect the environment, and to apply stricter safety standards to nuclear energy. The tenth and last principle is that we must start now to develop the new, unconventional sources of energy that we will rely on in the next century. Now, these 10 principles have guided the development of the policy that I will describe to you and the Congress on Wednesday night.

I think we need a rational, clear-headed, eyes-wide-open approach to energy and mineral development. We don't want to go backward on energy, and we can't be caught flatfooted on minerals. We have the resources. We have the highest labor standards in the world and the highest environmental standards in the world. Our energy workers and our miners will hold themselves to those standards. Instead of importing more from places like Russia and China, we need to free ourselves from them to the extent that we can establish ourselves as this global alternative. I have kind of taken that--actually, it is not something new. In the beginning of the 116th Congress, I prepared a white paper. We called it "The American and Global"--well, what we called it was a pretty cool title. It is a great little publication that should have gotten more notice, but like a good wine, it comes with time: "With Powers So Disposed, America and the Global Strategic Energy Competition." I outline in this a strategic energy initiative designed to sharpen and direct our tools of energy related to economic statecraft and to enhance the geopolitical position of the country.

Now, the second major challenge I want to discuss with you this morning is energy. The energy crisis is the greatest domestic challenge that our country will face in our lifetime. I still find it almost incredible that our country has no coherent plan for dealing with it until this year. We have now proposed such a plan to the Congress and also proposed a new department to deal with the energy question. This plan is based on three inescapable realities. There's no way to get around them. The first is that we are simply running out of oil. The second is that oil will, nevertheless, have to remain our primary source of energy for many years and must not be wasted. And the third principle is that unless we begin soon to prepare for the transition to other sources of energy, the consequences on our society and our way of life will be very severe. We could face massive unemployment, crippling inflation, social and political instability, and threats to our freedom of action in international affairs. We cannot just rely on increased production. While finding more oil is important, we would have to discover a new- Alaskan oil field every year just to keep pace with the annual growth in world consumption. No matter how strong the financial incentives, that is simply not going to happen. We must save oil and gas for uses where there is no good substitute. One obvious example is moving vehicles. We must shift to other sources when possible, and we must develop new sources, such as solar energy. There are no workers in America whose future jobs depend more than yours on a good energy program based on strict conservation. Now, you know and I know that meeting our energy goals is not going to be easy. It will require sacrifice from everyone in the country. We cannot use the fuel crisis as an excuse for not cleaning up our air. I have proposed tough but fair air pollution standards. We've got to improve the efficiency of our cars, and that's why I proposed a gas-guzzler tax. Now you and I have honest differences of opinion over some aspects of my proposals. But I don't hesitate to call on you for help, because I know what you've done in the past. You've never lost sight of the broader interests of our Nation. Walter Reuther helped to make possible the Clean Air Act as it was originally passed. And your members are already building cars highly efficient, getting more than 30 miles per gallon. It's absolutely inevitable, no matter who's the President of the United States, that we will have to shift to more efficient automobiles with a clean exhaust. This past quarter, unfortunately, a larger percentage of Americans bought foreign-made cars than ever before. Now, I know that you agree that the solution is not to erect trade barriers to keep out foreign competition because it only leads to trade wars, to retaliation, and added inflation. The solution lies in using our great American ingenuity to design and produce the right cars for the future. I can think of no more disastrous assumption for the American automobile industry to make than that we cannot successfully compete with foreign companies that produce and sell such cars. We can compete, and we will compete successfully.

We need to inject some old-fashioned American values and common-sense, practical thinking into our energy policy.

It's not easy to remove the hold on our government processes that have been in existence for a long time by the oil and gas companies, but I'm determined to do it with your help. In many ways, the acceptance by the American people and the acceptance by the American Congress of a comprehensive energy policy is a test of our strength and a test of our national will. The rest of the nations of the world watch us very closely to see if we can sacrifice in a time of international need. The proposal that we've put forward is bitter medicine, but it's not nearly so bitter as the catastrophe that might befall us if we don't take rapid action. We have put forward a well-balanced program that will induce our own selves to conserve energy of all kinds. It will induce us, without hurting us deeply, to shift to other forms of energy, away from oil and natural gas. I'm determined that the consumers of our Nation will not be hurt and that the oil suppliers, the companies that produce oil and gas, will not be enriched in an unwarranted fashion. We have built into our proposal adequate incentives to encourage oil and gas exploration and production. Under our own program new oil discovered by American companies in the future will have the highest price on Earth. But still the oil companies want more. And unless we stand firm, they may get it. And if they do, it will come out of the pockets of those who need it, who need the money and who need adequate energy supplies most. As a farmer, I know that we, just a small part of the American population, use $6 billion worth of oil and gas every year. About 75 percent of all the energy we use is oil and natural gas. This means that we have got to have a supply in the future, because it takes natural gas and propane to dry our crops. It takes oil to drive our tractors and our trucks and our other machinery. We can't very easily shift to coal. So, as we conserve and shift to other supplies of energy, in the production of electric power, for instance, it makes that much more available to farmers in the future when energy supplies become even more scarce.

Here's the thing: I'm not in politics to play games. I try to be thoughtful about when, where, how I express myself, but I'm obstinate on some issues; even recalcitrant at times. So I want to be up front to whoever becomes our new leader about what they can expect from me. When I envision a hopeful future, I see a sunset to the fossil fuel industry; complete, walkable & bikable communities connected by mass transit throughout the province; universal housing for everyone who needs it; families who don’t have to worry about their kids’ futures. For a future everyone can thrive in, we need to act on #ClimateChange as a Grand Challenge of our time. As important as it is to cool people down, put out fires, rebuild infrastructure, it's also not enough. We have to prevent these catastrophes from occurring to begin with. I want a leader who believes that addressing the #ClimateEmergency is a moral imperative; who will take an unambiguous stance against the expansion of fossil fuel extraction, including LNG, and end measures designed to incentivize the industry. I'm really worried about the serious environmental, social, and economic impacts of car dependency and believe that we can't afford to further entrench it. I’ll be pushing you for legislative reform and increased investments to make 🚍🚶🚴🧑‍🦽 truly viable choices for people. Expect me to be outspoken at the tables you appoint me to. Know that I hate bullshit and being pushed around. We need to be unafraid of facing down established power, especially when the stakes are high. Let's challenge the failures of capitalism with public solutions.

Renewable energy project represents a new promise and a new model I hope to see replicated in the future. We remain very optimistic about the future of the development of the electricity sector and as a government, we are committed to projects such as these which are the key to facing the climate challenge that small islands like ours face.

Collaborating to solve your country's energy future is what we all should be doing.

We must proceed with our own energy development. Exploitation of domestic petroleum and natural gas potentialities, along with nuclear, solar, geothermal, and non-fossil fuels is vital. We will never again permit any foreign nation to have Uncle Sam over a barrel of oil.

We support the complex approach that has been initiated in connection with sustainable energy for all, sustainable consumption and production, the elimination of hunger, and ensuring urban infrastructure development.

Our energy plan will also include a number of specific goals to measure our progress toward a stable energy system. These are the goals that we set for 1985: to reduce the annual growth rate in our energy demand to less than 2 percent; to reduce gasoline consumption by 10 percent below its. current level; to cut in half the portion of U.S. oil which is imported--from a potential level of 16 million barrels to 6 million barrels a day; to establish a strategic petroleum reserve of one billion barrels, more than a 6-months supply; to increase our coal production by about two-thirds to more than one billion tons a year; to insulate 90 percent of American homes and all new buildings; to use solar energy in more than 2 1/2 million houses. We will monitor our progress toward these goals year by year. Our plan will call for strict conservation measures if we fall behind. I can't tell you that these measures will be easy, nor will they be popular. But I think most of you realize that a policy which does not ask for changes or sacrifices would not be an effective policy at this late date. This plan is essential to protect our jobs, our environment, our standard of living, and our future. Whether this plan truly makes a difference will not be decided now here in Washington but in every town and every factory, in every home and on every highway and every farm. I believe that this can be a positive challenge. There is something especially American in the kinds of changes that we have to make. We've always been proud, through our history, of being efficient people. We've always been proud of our ingenuity, our skill at answering questions. Now we need efficiency and ingenuity more than ever. We've always been proud of our leadership in the world. And now we have a chance again to give the world a positive example. We've always been proud of our vision of the future. We've always wanted to give our children and our grandchildren a world richer in possibilities than we have had ourselves. They are the ones that we must provide for now. They are the ones who will suffer most if we don't act.

To achieve the desired energy transition, it is important to make sure countries benefit from the full range of incentives. We also need to impose carbon pricing and cover all key sectors, including insurance and maritime and air transport. Moreover, solutions must be found to environmental trade barriers, and developing countries should be supported in their endeavors to diversify their economies and have access to patented technology on preferential terms.