T. Boone Pickens on Tuesday called for greater investment in natural gas and wind power as part of a plan launched by the oil tycoon aimed at reducing U.S. foreign oil dependence by a third.

The Texas billionaire earlier this year announced that he would spend $10 billion to build the world’s biggest wind farm.

“The objective of this plan — The Pickens Plan — is to underscore the need to declare a national emergency and develop governmental leadership that will address America’s staggering dependence on imported oil,” according to a press release from BP Capital, a hedge fund headed by Pickens.

“The plan calls for investing in power generation from domestic renewable resources such as wind and using our abundant supplies of natural gas as a transportation fuel, replacing more than one-third of our imported oil, saving more than $230 billion a year.”

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