No, nukes are NOT green!
The House and Senate are finalizing language in the Energy Bill, for a final vote next week. Unbeknownst to most of us (thanks, MSM!) there is a section that provides loan guarantees for the construction of new nuclear power plants...to the tune of $50 billion!
Apparently, an industry that is so risky and unprofitable that it can’t find any financial backers wants us taxpayers to pay for their folly. I can’t say that I’m surprised, but it is disheartening that a Democratic congress would foist this nonsense off on us, with no notice. One more indication of who their masters are, I guess.
Please consider signing a petition for Congress to delete this section from the energy bill, and please consider signing it this weekend. Next week will be too late. An excerpt from the petition:
“The Senate version of the Energy Bill could authorize the Department of Energy to provide virtually unlimited guarantees for backers of new reactors. The industry indicates it wants $25 billion in guarantees for 2008, and another $25 billion for 2009, with untold billions more to come after that.
“The industry wants these subsidies because after fifty years, atomic power has been rejected by the marketplace. The first commercial nuclear reactor opened in 1957. But after fifty years of proven failure, Wall Street will not independently invest in more of them, and still no private insurance company will underwrite the possibility of a major reactor disaster.”