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Waste problem unsolved, but US to pour money into new nukes

Lobbying, global warming portend nuclear comeback

McClatchy By Judy Pasternak | Investigative Reporting Workshop January 24, 2010

WASHINGTON — The Obama administration soon may guarantee as much as $18.5 billion in loans to build new nuclear reactors to generate electricity, and Congress is considering whether to add billions more to support an expansion of nuclear power.

These actions come after an extensive decade-long campaign in which companies and unions related to the industry have spent more than $600 million on lobbying and nearly $63 million on campaign contributions, according to an analysis by the Investigative Reporting Workshop at American University…………

many existing reactors are aging and no new plant has been authorized since the 1979 incident at Three Mile Island,……………many environmental groups worry about the safety of nuclear power. “The nuclear power industry is always going to remain several minutes away from serious accident and disaster,” said Tom Clements, the Southeastern Nuclear Campaign coordinator for Friends of the Earth, a global environmental group.The Price-Anderson Act, passed in 1957, limits industry liability for a nuclear accident..

Opponents also question why nuclear power needs federal subsidies. “If nuclear power is the right path to go down, why can’t it pay for itself?” Clements said. “Nuclear power is going to be dependent on subsidies and handouts, and we still get nuclear waste and the threat of accident in return.”

The waste issue remains perhaps the biggest stumbling block. Generating nuclear power produces huge quantities of radioactive waste, including plutonium, a key ingredient for nuclear weapons. When many of the current reactors were put into place, there was an assumption that the federal government eventually would create a national repository. After decades of debate, however, that promise appears no closer to being met, and the plants have become de facto storage facilities…..

Lobbying, global warming portend nuclear comeback | McClatchy

January 25, 2010 - Posted by Christina Macpherson | business and costs, USA | antinuclear, nuclear, nuclear costs, nuclear secrecy, nuclear spin, nuclear wastes, nuclear weapons