President Barack Obama will travel to Argonne National Laboratory in Illinois Friday to talk about energy.
Obama will speak about his "all-of-the-above energy strategy" and urge Congress to pass proposals that will further reduce the nation's dependence on oil, better protect consumers from rising gas prices and reduce pollution.
Specifically, he is calling on Congress to establish a new energy security trust, which will fund research, particularly for developing cost-effective transportation alternatives. He wants to set aside $2 billion over 10 years. The money would be set aside from royalties generated by oil and gas development in federal waters included in the administartion's fice-year plan.
In his State of the Union address last month, he threatened to act on his own if Congress did not pass policies to prepare for climate change.
“I will direct my Cabinet to come up with executive actions we can take, now and in the future, to reduce pollution, prepare our communities for the consequences of climate change, and speed the transition to more sustainable sources of energy,” he said in his State of the Union address last month.
House Speaker John Boehner's officer sent out a statement in response this morning.
“For this proposal to even be plausible, oil and gas leasing on federal land would need to increase dramatically," spokesman Brendan Buck said. "Unfortunately, this administration has consistently slowed, delayed, and blocked American energy production.”