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Colorado Energy/Climate Survey: Most in State Oppose More ‘Subprime’ Investments in Coal, Nuclear Power – MarketWatch

Colorado Energy/Climate Survey: Most in State Oppose More ‘Subprime’ Investments in Coal, Nuclear Power
Market Watch   2008DENVER and WASHINGTON, Oct 16, 2008 /PRNewswire-USNewswire via COMTEX/ — 86 Percent Want Limits on Subsidies for Oil Shale Production, 76 Percent Support Moratorium on New Coal-Fired Power Plants; Strong Back Shift to Clean Wind and Solar Power.
f elected officials in Denver and Washington, D.C. are going to continue investing in energy through subsidies, tax breaks and other incentives, the focus should shift from coal and nuclear power to promoting wind and solar energy, enhanced energy efficiency, and highly fuel-efficient vehicles, according to a new survey of 600 Colorado adults conducted for TheCLEAN.org and the Civil Society Institute (CSI) by the leading U.S. survey firm Opinion Research Corporation (ORC). The CLEAN/CSI survey was released today with Western Colorado Congress (WCC)………………….Civil Society Institute President and Founder Pam Solo said: “Colorado residents deserve credit for understanding that more investment by the state and federal governments in coal and nuclear power is essentially the same thing as investing in subprime mortgages. If Colorado taxpayers are going to directly or indirectly underwrite energy development and energy-intensive industries — such as the auto industry — we need to insist that state officials in Denver and the next Congress and President make good, solid investments that make sense for the long-term of our country. The only energy investments that rise above the ‘subprime’ level today are wind, solar and other clean renewable energy in concert with enhanced energy efficiency.”………………….Grant Smith, national project coordinator for TheCLEAN.org, added: “Investments in coal and nuclear power are the Countrywide Financial subprime mortgages of the energy world. What the public is saying in this survey is that we support government making investments in the energy sources of tomorrow, but we have to stop flushing money down the drain by propping up the failing energy sources of yesterday, including oil, coal and nuclear……………………………There is no viable model under which new nuclear power plants can be constructed as anything other than multi-billion-dollar public works boondoggles. After the current financial debacle on Wall Street, it is hard to imagine that Americans are going to allow more dumb investments by Denver and Washington on the wrong energy sources.”

Colorado Energy/Climate Survey: Most in State Oppose More ‘Subprime’ Investments in Coal, Nuclear Power – MarketWatch

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October 17, 2008 - Posted by Christina Macpherson | politics