Say No to Nukes in the Stimulus Package - 0 views
-
Energy Net on 06 Feb 09The desperate nuclear power industry has dropped a $50 billion stealth bomb meant to irradiate the Obama stimulus package. Harvey Wasserman: The nuclear power industry has dropped a $50 billion bomb into the Senate version of Obama's stimulus package for projects Wall Street wouldn't finance when it was flush. It comes in the form of a mega-loan guarantee package that would build new reactors Wall Street wouldn't finance even when it had cash. It will take a healthy dose of citizen action to stop it, so start calling your senators now. The vaguely worded bailout-in-advance provision was snuck through the Senate Appropriations Committee in the deep night of January 27. It would provide $50 billion in loan guarantees for "eligible technologies" that would technically include renewable sources and electric transmission. But the handout is clearly directed at nukes and "clean coal."