The 'United States-India Energy Security Cooperation Act of 2006' sponsored by the Chair of the Senate Foreign Relations Committee Richard Lugar declares as the policy of the United States to cooperate with India to address common energy challenges, ensure future global energy security and to increase the world-wide availability of clean energy.
It also calls for promoting dialogue and increased understanding between India and the US on respective national energy policies and strategies as an integral part of the expanding strategic partnership.
The Bill also seeks to collaborate with India in energy research that fosters market-based approaches to energy security and offers the promise of technological breakthroughs that reduce oil dependency globally.
The legislation also authorises the US President to establish programmes to support greater Indo-US energy cooperation.
Assistance for cooperation related to research, development and deployment in selected areas, such as clean coal and emission reduction technologies and carbon sequestration projects; alternative fuel sources such as ethanol, bio-mass, and coal-based fuels and energy efficiency projects also come under the scope of the Bill.