BIDEN BAILOUT?! $195 Billion for Old Nukes?!

"Burning Money" graphic by Gene Case/Avenging Angels, which was featured on the cover of The Nation magazine in Jan. 2001, accompanying an article by Christian Parenti about the nuclaer power relapseFriends of the Earth (FOE) warns the Biden administration's support for Production Tax Credits for 93 still operating, dangerously age-degraded atomic reactors across the U.S., could cost the American public $195 billion over the next decade. FOE's Program Manager Lukas Ross stated: "A nuclear bailout is wrong for taxpayers, wrong for ratepayers, and wrong for the climate. Paying to keep aging reactors online is courting disaster and guaranteed to slow the deployment of truly clean renewables. Congress and President Biden should not throw good money after bad." This bailout would be on top of many hundreds of billions of dollars in public subsidies lavished on the nuclear power industry over past decades. Urge President Biden to change course!

Read more at our Nuclear Costs website section