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Complicated politics of Obama’s nuclear push

The Green Politics Behind Obama’s Boost for Nuclear Power – TIME 17 Feb 2010 By spending billions to back the nuclear industry, the White House may be able to get some Republican support for the floundering climate and energy bill, which would put a limit on greenhouse gases………
environmentalists point out that there’s a reason no nuclear plants have been built in more than three decades: the projects tend to be hit with construction delays, and the Congressional Budget Office (CBO) estimates that the risk of default on a new nuclear plant is more than 50%. In a conference call with reporters, Energy Secretary Steven Chu seemed unaware of the CBO report, although he downplayed the fiscal risk. “Even Wall Street traders say these reactors are too risky to invest in,” said Schreiber…….
As long as the much better funded nuclear industry doesn’t eclipse nascent renewables — which lack the lobbying musclepower of the atomics

The Green Politics Behind Obama’s Boost for Nuclear Power – TIME

February 17, 2010 - Posted by Christina Macpherson | politics, USA | antinuclear, nuclear, nuclear costs, nuclear secrecy, nuclear spin