Group items tagged

Exelon, the nation's largest nuclear power company, stands to rake in roughly an extra $1 billion to $1.5 billion a year if the House climate change bill passes, according to the company's own estimates. The House is expected to vote on the bill on Friday. A memo produced for Exelon by Bernstein Research, and obtained by the Huffington Post, reports that Exelon CEO John Rowe recently told a gathering of investors and senior executives that the energy bill "will add $700 to $750 million to Exelon's annual revenues for every $10 per metric ton (MT) increase in the price of CO2 allowances." Prices will range between $15 and $18 per metric ton, the report estimates, "implying a positive earnings impact of $1 to $1.30 per share." Read the full memo.

Dr. Helen Caldicott, the pioneering Australian antinuclear activist and pediatrician who spearheaded the global nuclear freeze movement of the 1980s and co-founded Physicians for Social Responsibility (PSR), has joined with left-leaning environmental groups here in an uphill fight to halt nuclear power as a "solution" to the global warming crisis. "Global warming is the greatest gift the nuclear industry has ever received," Dr. Caldicott told Truthout. The growing rush to nuclear power was only enhanced, experts say, by the weak climate deal at the Copenhagen 15 climate conference. The prospects for passage of a climate bill in Congress - virtually all versions are pro-nuclear - were enhanced, most analysts say, because it offered the promise that China might voluntarily agree to verify its carbon reductions and it could reassure senators worried about American manufacturers being undermined by polluters overseas. But at the two-week international confab that didn't produce any binding agreements to do anything, Caldicott and environmental activist groups were marginalized or, in the case of the delegates from Friends of the Earth, evicted from the main hall.

Dr. Helen Caldicott, the pioneering Australian antinuclear activist and pediatrician who spearheaded the global nuclear freeze movement of the 1980s and co-founded Physicians for Social Responsibility (PSR), has joined with left-leaning environmental groups here in an uphill fight to halt nuclear power as a "solution" to the global warming crisis. "Global warming is the greatest gift the nuclear industry has ever received," Dr. Caldicott told Truthout. The growing rush to nuclear power was only enhanced, experts say, by the weak climate deal at the Copenhagen 15 climate conference. The prospects for passage of a climate bill in Congress - virtually all versions are pro-nuclear - were enhanced, most analysts say, because it offered the promise that China might voluntarily agree to verify its carbon reductions and it could reassure senators worried about American manufacturers being undermined by polluters overseas. But at the two-week international confab that didn't produce any binding agreements to do anything, Caldicott and environmental activist groups were marginalized or, in the case of the delegates from Friends of the Earth, evicted from the main hall.

Once vilified by environmentalists and its future dim, nuclear energy has become a pivotal bargaining chip as Senate Democrats seek Republican votes to pass climate legislation. The nuclear industry's long-standing campaign to rebrand itself as green is gaining acceptance amid the push to curtail greenhouse gases. Nuclear power still faces daunting challenges, including what to do with radioactive reactor waste. Reactors also remain a tempting target for terrorists.

Once vilified by environmentalists and its future dim, nuclear energy has become a pivotal bargaining chip as Senate Democrats seek Republican votes to pass climate legislation. The nuclear industry's long-standing campaign to rebrand itself as green is gaining acceptance amid the push to curtail greenhouse gases. Nuclear power still faces daunting challenges, including what to do with radioactive reactor waste. Reactors also remain a tempting target for terrorists.