nuclear-news

Desperate efforts to resuscitate the nuclear industry: why should taxpayers pay for this?

taxpayers shouldn’t have to offer billions in guarantees!

Nuclear Corporate Welfare, John Stossel, 23 March 2010, Today Energy Secretary Steven Chu took to the pages of the Wall Street Journal to sell his plans for more nuclear power:America is on the cusp of reviving its nuclear power industry.

Last month President Obama pledged more than $8 billion in conditional loan guarantees for what will be the first U.S. nuclear power plant to break ground in nearly three decades. And with the new authority granted by the president’s 2011 budget request, the Department of Energy will be able to support between six and nine new reactors.Hello? I like the idea of nuclear energy too, but if “America is on the cusp” of a revival, then taxpayers shouldn’t have to offer billions in guarantees! In a free country, when something is a good idea, it happens. Private capital makes it happen, without government force.

Nuclear Corporate Welfare « John Stossel

March 24, 2010 - Posted by Christina Macpherson | general | antinuclear, nuclear costs, nuclear secrecy, nuclear spin, uranium