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Shaky financial outlook for new loan-backed nuclear plants

The loan guarantee is conditional upon NRC approval. But if the project ever gets off the ground, there are plenty of red flags signaling that it’s a very bad investment for taxpayers.

Obama’s Nuclear Boondoggle | Mother Jones By Kate Sheppard| Wed Feb. 17, 2010 In its eagerness to woo Republicans with nuclear-friendly policies, the Obama administration plans to hand out $54.5 billion in government-backed loans to kick-start a nuclear renaissance. On Tuesday, it announced the first beneficiary of this largesse—and apparently the best candidate it could find was a proposed plant that’s been put on hold by federal regulators due to serious safety concerns. Continue reading →

February 18, 2010 Posted by | business and costs, USA | , | Leave a comment

Obama’s big financial gamble on nuclear power

The government backing of the Georgia project is a major financial gamble, but the White House seems to see it as worth the risk politically………..
The case the administration has made is that they will give Republicans more nuclear power, offshore oil and gas drilling, and incentives for coal, if they will accept a cap on carbon emissions and investments in renewable energy.

Obama’s risky nuclear renaissance The Guardian, Kate Sheppard 17 February 2010 Barack Obama’s promise to fund new nuclear power plants is a major financial gamble – and US taxpayers will foot the bill Continue reading →

February 17, 2010 Posted by | climate change, politics, USA | , , , , | Leave a comment

Movement grows to stop NASA’s radiation monkey experiments

NASA’s proposed experiments would inundate these tiny monkeys – only a foot tall – with one massive burst of gamma radiation equal to a 3-year journey to Mars and back.

Celebrities Speak Against NASA’s Monkey Radiation Experiments Your Story  SAN RAFAEL, Calif., Feb. 16 /PRNewswire/ — In Defense of Animals (IDA), an international animal protection organization with over 85,000 members, today released letters from celebrities opposed to NASA-funded experiments. Continue reading →

February 17, 2010 Posted by | Religion and ethics, USA | , , | Leave a comment

U.S. Energy Secretary does not understand nuclear power’s financial risk?

Chu said he was not aware of a Congressional Budget Office study showing that the chances of default on these loans are “very high—well above 50 percent.

Energy Sec Unaware That Nuclear Loans Have 50 Percent Risk of Default— Mother Jones By Kate Sheppard| Tue Feb. 16, 2010 The Obama administration on Tuesday announced a loan guarantee for thefirst new nuclear reactor to be built in the US in decades—part of a planned $54.5 billion program to kickstart a nuclear revival using government-backed loans. Continue reading →

February 17, 2010 Posted by | politics, USA | , , | Leave a comment

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……… Continue reading →

February 17, 2010 Posted by | politics, USA | , , , , | Leave a comment

Toxic financial loans to nuclear industry

Nuclear power, strike 2 MNN – Mother Nature Network  Karl Burkart 15 Feb 2010 Even Wall Street won’t touch nuclear because it is too financially risky. At least 1 out of 2 nuclear plants will fail, leaving taxpayers with the burden of debt.Sun, Feb 14 2010 Continue reading →

February 16, 2010 Posted by | business and costs, USA | , , , | Leave a comment

NASA’s radiation monkey tests – unecessary, cruel, wasteful, ? stupid

NASA’s Wrong Stuff Aysha Akhtar MD, MPH THE HUFFINGTON POST 16 Feb 2010 “………..I am bewildered by NASA’s plan to squander nearly $2 million in taxpayer money on radiation experiments on monkeys.NASA has announced it is funding an experiment in which as many as 30 squirrel monkeys will be exposed to harmful ionizing radiation here on Earth. Continue reading →

February 16, 2010 Posted by | Religion and ethics, USA | Leave a comment

Obama letting Americans down by promoting risky nuclear energy

betting tens and tens of billions of hard-earned taxpayer dollars on a risky technology that’s unlikely to deliver real carbon reductions in the timeline scientists believe is required is a gamble that this country and our planet can’t afford.

Obama Pushes for Risky Energy Options for What in Return? CleanEnergy Footprints 12 Feb 2010 “…Though President Obama mentioned his strong support for advancing clean, renewable energy supplies such as wind, solar, and biodiesel, which we also support, he claims they won’t be able to provide for the country’s “enormous energy needs.”

We disagree and have shown how it can be done right here in the Southeast, a region who’s abundant renewable energy potential is often overlooked, in our report, Yes We Can: Southern Solutions for a National Energy Standard. Nationally, we have tremendous affordable, and job-creating renewable energy resources to tap as outlined in several studies by the National Renewable Energy Laboratory, Union of Concerned Scientists, and Navigant Consulting, Inc. Investing heavily in energy efficiency is also a key requirement, including getting a federal energy efficiency standard in place.

Instead of focusing on energy efficiency and clean, renewable energy, the president talked about how building new nuclear reactors are the “right thing to do if we’re serious about dealing with climate change.” SACE is very serious about dealing with the energy sector’s contribution to climate change – it’s our mission. But betting tens and tens of billions of hard-earned taxpayer dollars on a risky technology that’s unlikely to deliver real carbon reductions in the timeline scientists believe is required is a gamble that this country and our planet can’t afford. As a Presidential candidate,  Obama stated a far different reaction to doling out billions to the nuclear power industry. Many other energy choices exist that will more effectively and affordably tackle climate change without causing the headaches posed by new reactors.

President Obama’s response incorrectly pointed to other countries such as Japan and France having greater reliance on nuclear power without “incidents” or “accidents.” France’s Nuclear Fix, by Dr. Arjun Makhijani at the Institute for Energy & Environmental Research, along with a fact sheet from Beyond Nuclear tells it plainly. The French reliance on nuclear power looks something like this: massive amounts of radioactive waste with no place to go, stockpiles of plutonium longed-for by terrorists, higher electricity costs for ratepayers and extensive radioactive contamination from reprocessing off the Normandy Coast that has angered France’s neighbors. A U.S. tour last September by European expert Yves Marignac on nuclear power explained France’s nuclear woes. As for Japan’s track record, the nuclear industry has suffered numerous setbacks, accidents, including fatalities, and an earthquake that caused the release of radioactive material into the environment.

CleanEnergy Footprints » Archive » Obama Pushes for Risky Energy Options for What in Return?

February 15, 2010 Posted by | climate change, politics, USA | , , , , , , , | Leave a comment

Iraq veterans should be tested for radiation poisoning

Use blood tests to check Iraq war vets for radiation poisoning  cleveland.com By Anthony Weishar February 11, 2010, How long will the media continue to censor reports on radiation and toxins in Iraq? The Radiation and Protection Center in Iraq released a report on Jan. 23 identifying 42 severely contaminated sites and cities.

Many Iraq war veterans have radioactivity in their systems. The Department of Veterans Affairs refuses to use blood tests to check for radiation poisoning. The urine tests work only within 30 days of exposure — about the time soldiers sit in a safe site waiting to go home. The Radiation Center in Baghdad uses blood tests to determine exposure levels in Iraqis.

When are the Pentagon, the president and Congress going to take care of those who served?

Anthony Weishar Fairview Park

Use blood tests to check Iraq war vets for radiation poisoning | Letters Unlimited – cleveland.com

February 15, 2010 Posted by | depleted uranium, USA | , , , , , , , | Leave a comment

Another radioactive leak in water at nuclear plant site

Elevated levels of radioactive chemical found in wells at SC nuclear power plant site CB ONLINE  The Associated Press, February 10, 2010
SENECA, S.C. (AP) – Officials say they’ve found elevated levels of a radioactive form of hydrogen in water in two wells at a South Carolina nuclear reactor site.

Duke Energy said Tuesday that samples from two wells at Oconee Nuclear Station near Seneca showed tritium levels above the nuclear industry’s voluntary reporting level.

Elevated levels of radioactive chemical found in wells at SC nuclear power plant site | Markets | Market News | Canadian Business Online

February 15, 2010 Posted by | environment, USA, water | , , , | Leave a comment

Future of Florida’s nuclear power plants looking doubtful

Progress Energy slowly raising more doubts about future of Levy County nuclear plant tampabay.com Robert Trigaux, Times Business Columnist February 12, 2010 Progress Energy slowly raising more doubts about future of Levy County nuclear plant “…..Maybe it’s not such a good time to build a nuke plant in Florida after all.That’s may take, at least, after listening to Progress Energy CEO Bill Johnson’s remarks to analysts Thursday in discussing fourth quarter earnings (up 53 percent over 2008!) and emphasizing his second thoughts about a Levy nuclear site. Continue reading →

February 15, 2010 Posted by | business and costs, USA | , , , | Leave a comment

Damn Yankee’s Nuclear Power Plant!

by virtue of a long-standing agreement with Entergy, the Vermont Legislature can deny Yankee’s request for a 20-year extension…Indeed, a desperate national industry now pushing for massive federal subsidies to build new reactors may not survive a flood of elderly clunkers being forced to close by the weight of their own contamination…

Vermont’s radioactive nightmare FDL The Seminal Harvey Wasserman
February 10, 2010

Like a decayed flotilla of rickety steamers, at least 27 of America’s 104 aging atomic reactors are known to be leaking radioactive tritium, which is linked to cancer if inhaled or ingested through the throat or skin.

The fallout has been fiercest at Vermont Yankee, where a flood of cover-ups has infuriated and terrified near neighbors who say the reactor was never meant to operate more than 30 years, and must now shut. Continue reading →

February 12, 2010 Posted by | politics, USA | , , , , , , , , , , | Leave a comment

National renewable energy standard needed in USA

Renewable energy executives urging U.S. clean power standard Energy Digital, by Sarah Wolfe 11 Feb 2010

With China moving ahead of the pack in alternative energy production, executives from the US wind, solar, biomass and geothermal sectors are pushing for a federal standard for renewable energy that could create more jobs and economic growth for the nation.

With a federal standard, a larger percentage of power generation would need to come from sustainable resources in the US. Continue reading →

February 12, 2010 Posted by | climate change, politics, USA | , , , | Leave a comment

Nuclear Regulatory Commission should not be run by nuclear lobbyists

NRC Needs Nuclear Power Regulators, Not Promoters – The Project On Government Oversight (POGO) , Ingrid Drake and Peter Stockton. Feb 08, 2010 It’s not often that POGO lobbies to defeat a presidential nominee. However, we have felt called to speak out as loud as we can in opposition to President Obama’s nomination of William Magwood for the Nuclear Regulatory Commission (NRC) on the grounds that he does not have the independence from the nuclear power industry to regulate it, nor the security oversight background. Along with two other of the President’s nominees to the NRC, Mr. Magwood will come before the Senate Environment and Public Works Committee for a confirmation hearing tomorrow…………

As we have outlined in a previous blog post, POGO believes Mr. Magwood’s dozens of years promoting nuclear power make him unqualified to be a regulator of the industry.

There is also evidence that Mr. Magwood will not effectively address the security threats that are a major issue facing the NRC.
NRC Needs Nuclear Power Regulators, Not Promoters – The Project On Government Oversight (POGO) Blog

February 10, 2010 Posted by | spinbuster, USA | , , , , , | Leave a comment

Unnecessary Medical ionizing radiation increases cancer risk

(USA) Glance: High-grade medical scans are key contributor to rising radiation exposure Health News February 9th, 2010 The Food and Drug Administration said Tuesday it will work with doctors and manufacturers to reduce unnecessary radiation exposure from medical scans, a problem that has been growing for decades. Continue reading →

February 9, 2010 Posted by | health, USA | , , , , | Leave a comment