Energy Management and Conservation Corporation Act

[AI summary unavailable — showing source text] Energy Management and Conservation Corporation Act - Presents the finding of the Congress that: (1) the Nation is facing an increasing shortage of environmentally acceptable sources of energy; (2) this shortage is causing the United States to import increasing quantities of oil and natural gas thereby dangerously decreasing national independence of action and increasing its dependence upon foreign sources; (3) there exist on public lands large resources of oil shale and coal which can be used to manufacture liquid and gaseous fuels and so reduce the need for imports and help to relieve the shortage of supply; (4) the Federal Government has a responsibility to accelerate the use of these resources to produce liquid and gaseous fuels by (i) conducting and assisting research, development, and demonstration of technologies for producing such fuels from oil shale and from coal; and (ii) designing, building, and operating commercial plants to demonstrate these technologies, to initiate new industries for the future private development of these resources, and to help reduce the need for imports; (5) the Federal Government likewise has a responsibility to lease public lands for the private…