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Advancing Hemispheric Energy Security To Promote Prosperity
By Mr Ethanol | March 17, 2008
AntiguaSun:
Last year, when the hemisphere’s foreign ministers met at the Organization of the American States General Assembly in Panama, they agreed that “energy is an essential resource for the sustainable development of peoples, and that access to energy that is diverse, reliable, secure, and affordable is of paramount importance to economic growth with equity and social inclusion, and contributes to poverty eradication.” Last week, countries from around the region met again to continue this important dialogue and identify concrete ways to promote energy security and sustainable development.
As we engage with our neighbours on this effort, the United States is taking action at home, too. Last December, President Bush signed the Energy Security and Independence Act, which requires the United States to use 36 billion gallons of alternative fuels by 2022 – nearly a five-fold increase – and to increase vehicle efficiency standards to 35 miles per gallon by 2020. This new legislation will reduce our dependence on oil and lead to some of the largest carbon-dioxide emission reductions in our nation’s history.
Through the Security and Prosperity Partnership (SPP), the United States, Canada, and Mexico are working together to advance North American energy security. The United States has a very strong energy trading relationship with these countries – Canada is our top foreign supplier of oil, gas, and electricity, and Mexico is our second largest foreign oil supplier. The SPP includes an agreement for co-operation on science and technology, renewable energy, energy efficiency, and other areas to further develop clean and sustainable energy.
The US and Brazil, the world’s two largest producers of ethanol, are promoting the development of bio-fuels industries across the hemisphere. This partnership will diversify energy supplies, strengthen agricultural and energy sectors, and most importantly – create jobs. Over the past year, the United States and Brazil have begun to provide technical assistance to the Dominican Republic, El Salvador, Haiti, and St. Kitts/Nevis, and to support feasibility studies to help attract private investment. On 3 March, senior Brazilian and US officials met with officials of these four countries and private industry leaders to advance this effort. Continue reading…
Topics: Brazil, Ethanol, Market, News, Trends |
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[…] Advancing Hemispheric Energy Security To Promote… Advancing Hemispheric Energy Security To Promote Prosperity By Mr Ethanol | March 17, 2008 AntiguaSun: Last year, … , Canada, and Mexico are working together to advance North American energy security. The United States … supplier of oil, gas, and electricity, and Mexico is our second largest foreign oil supplier. The SPP […]