Senator John Kerry (D-Mass.), co-author of the American Power Act, the Senate's comprehensive energy independence and climate change legislation, today applauded President Barack Obama for his new initiative to reduce America's dependence on foreign oil.
The Administration today announced that the Environmental Protection Agency (EPA) and the Department of Transportation (DOT) will seek to develop fuel economy standards for cars and light trucks beyond 2016 and create a first-ever national policy to increase fuel efficiency and decrease greenhouse gas pollution from medium- and heavy-duty trucks.
"Every American is sick of sending $100 million dollars every day to Iran for oil. Reducing our dependence is essential to our security," said Sen. Kerry, Chairman of the Foreign Relations Committee. "The threats are real, and time is not on our side. Today, the Obama Administration has taken a key step forward for America's energy security -- an essential step towards completing that mission. Passing comprehensive energy independence and climate legislation in the Senate this year is our next critical test."
The Kerry-Lieberman American Power Act addresses the use of foreign oil in our trucks and heavy-duty fleet by providing significant tax incentives for conversion to clean natural gas vehicles. The bill also makes important new investments in developing and manufacturing advanced vehicles, to ensure that America leads the world in advanced cars and batteries. The bill will reduce America's oil dependence by 40% according to the nonpartisan Peterson Institute's news study, the first comprehensive, economy-wide assessment of the American Power Act.