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USA taxpayers fund AREVA and other foreign nuclear companies

Groups: Foreign Companies, Workers Are Big Early Winners Under Federal Loan Guarantees For Nuclear Reactors Taxpayer-Backed Nuclear Loan Guarantees Make July 4th “Energy Non-Independence Day”; 2 of 3 Leading Loan Guarantees Candidates Have Major Foreign Ownership, Large Reactor Component Construction Jobs Are Overseas.WASHINGTON, July 1  USNewswire/ — The notion that taxpayer-backed loan guarantees for more nuclear power means energy independence in the United States is a hoax that could cost unwary U.S. taxpayers tens of billions of dollars while richly benefiting profitable foreign corporations and non-U.S. workers, according to a new report from the nonprofit Nuclear Information & Resource Service (NIRS).

Titled Nuclear Power:  Implications of Loan Guarantees for Reactors With Foreign Control and Foreign Jobs, the NIRS report notes that:

  • Two of the next three reactors in line for taxpayer-backed loan guarantee bailouts – Calvert Cliffs Unit 3 in Maryland and South Texas Project Units 3 and 4 in Texas – have substantial foreign ownership involving French and Japanese companies.   (A third reactor project not on the short list – Nile Mile Point, Unit 3 in New York State — also has substantial foreign ownership.)
  • One of the two already awarded taxpayer-backed nuclear loan guarantees – for a uranium enrichment facility in Idaho – is a project of the French company AREVA.
  • All 18 currently pending reactor projects in the U.S. feature reactors that are designed by French and Japanese companies.

Groups: Foreign Companies, Workers Are Big Early Winners Under Federal Loan Guarantees For Nuclear… — WASHINGTON, July 1 /PRNewswire-USNewswire/ —

July 2, 2010 - Posted by | politics, USA | , , , , , , ,

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