Sec. 2. Strategy to strengthen energy independence
323 words·~1 min read·
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The Secretary of State, in consultation with the Secretary of Treasury, the Secretary of Commerce, the Secretary of Energy, the Secretary of Defense, and the Secretary of the Interior shall, within 180 days, submit to the appropriate congressional committees, a strategy detailing the use of diplomatic, financial, and economic means to strengthen United States energy independence, and work with NATO, and other allies and partners, to make countries in the European continent less dependent on Russian oil and gas.
The strategy shall have the following elements: A description of how the reduction of regulatory barriers to domestic energy production could assist in these objectives. A description of how economic sanctions can be utilized to counter the Russian Federation’s attempts to make Europe dependent on Russian oil and gas, including a description on how the President will end waivers provided pursuant to the Protecting European Energy Security through Sanctions Act (PEESA) in connection with the Nord Stream 2 pipeline.
A description of how sanctions on Russia’s financial sector, including on multiple major banks and financial systems within the Russian Federation, could be utilized to counter Russia’s energy exports to Europe. A description of how the President will use economic sanctions to permanently and irreversibly stop the Nord Stream 2 pipeline, prevent its construction, and punish all persons and entities responsible for its attempted construction, operation, or development. A description of how diplomatic efforts could be utilized to bring together our European and NATO allies, including Germany, to permanently and irreversibly stop the Nord Stream 2 pipeline.
A description of how Russia’s growing relationship with China and Iran in the energy sector effects United States security interests. A description of how the President will end the moratorium on oil and gas leases on public land. A description of how diplomatic efforts could be utilized to promote dialogue within the European Union on their efforts to diversify their natural gas supply through the Southern Gas Corridor.