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Economy may disrupt candidates’ energy plans — Newsday.com

Economy may disrupt candidates’ energy plansBY newsday.com MARK HARRINGTON 6 Oct 08  – “………………………..paying for candidates’ wish lists, including new nuclear plants, wind farms and solar energy, may be hampered by a $10-trillion national debt that could grow by another $700 billion once the bailout package begins dispensing taxpayer cash……………………… The centerpiece of McCain’s plan is the construction of 45 nuclear power plants by 2030, at a cost of $6 billion per plant.

“The nuclear energy industry tells us they can’t borrow any money from Wall Street … unless the federal government underwrites those loans,” said Jerry Taylor, senior fellow at the Cato Institute, a conservative Washington think tank. But Taylor said that with so much money tied up in the bailout, the government would be hard-pressed to guarantee huge loans for the nuclear industry.

Economy may disrupt candidates’ energy plans — Newsday.com

Tags: nuclear, antinuclear, radioactive, uranium

October 7, 2008 - Posted by Christina Macpherson | politics