10 years ago, gasoline prices were at an all time high, America's dependence on foreign oil was growing, our energy future and security were at risk. America was running out of options. We tackled the issue head on. The U.S. Chamber of Commerce and leaders in American business came together to form the Institute for 21st Century Energy.
In 2016, two very different visions for U.S. energy policy were presented - one that would limit energy production, and one that would expand it. the U.S. Chamber's Institute for 21st Century Energy launched the Energy Accountability Series to take a closer look at these proposals. Now that we've reached 100 days of the Trump Administration, we're taking a look back and asking "what if" things had turned out differently.
Here at the Global Energy Institute, we have always advocated for a diverse, reliable mix of energy resources that contribute toward keeping America secure, prosperous, and clean. A key cornerstone of that energy mix is our fleet of 99 commercial nuclear reactors that provide approximately twenty percent of the electricity that we reply upon every day to power our lives and run our economy.
The U.S. Chamber's Global Energy Institute has joined a broad coalition to send a letter to Senate and House leaders urging them to preserve the Department of Energy's loan guarantee program for nuclear energy. The program is currently supporting construction of new nuclear units that add emissions free electricity capacit to our grid, and help strengthen our diversity.