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Hypocrisy prize to U.S. International Development Finance Corporation (DFC), for pretending that NuScam’s Small Nuclear Reactors are ”foreign aid”

DFC Convenes U.S., African Leaders for Investment Conference, U.S. International Development Finance Corporation (DFC), October 16, 2020

Announces new efforts aimed at bolstering agency’s reach across continent. WASHINGTON – Today, U.S. International Development Finance Corporation (DFC) and the Atlantic Council hosted the virtual Investing in Africa’s Future conference to bring together African heads of state, senior U.S. government officials, African development finance institutions and others to announce new efforts to promote and strengthen U.S. trade and investment in Africa, in support of the Administration’s Prosper Africa Initiative……..

DFC made the following announcements during the summit: …………

LOI for Nuclear in South Africa: In July 2020, DFC updated and modernized its nuclear energy policy—ending its prohibition on supporting nuclear power in order to help meet the energy needs in the developing world. DFC signed a Letter of Intent to support NuScale, a U.S. nuclear energy technology firm, to develop 2,500 MW of nuclear energy in South Africa. If successful, NuScale would be the first U.S. nuclear energy IPP on the continent and would help support energy resilience and security in one of Africa’s leading economies and a key partner on the continent for the United States Government……….. https://www.dfc.gov/media/press-releases/dfc-convenes-us-african-leaders-investment-conference

October 19, 2020 - Posted by Christina Macpherson | AFRICA, Small Modular Nuclear Reactors, spinbuster, USA

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