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ARTICLE ARCHIVE

Nuclear Costs

Estimates for new reactor construction costs continue to sky-rocket. Conservative estimates range between $6 and $12 billion per reactor but Standard & Poor's predicts a continued rise. The nuclear power industry is lobbying for heavy federal subsidization including unlimited loan guarantees but the Congressional Budget Office predicts the risk of default will be well over 50 percent, leaving taxpayers to foot the bill. Beyond Nuclear opposes taxpayer and ratepayer subsidies for the nuclear energy industry.

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Entries from November 1, 2010 - November 30, 2010

Wednesday
Nov242010

Urge President Obama and your Members of Congress: no nuclear power bailout!

At a press conference held just after the Democratic Party's infamous "shellacking" on Election Day, President Obama indicated that expanding nuclear power may be "common ground" with the new Republican Majority in the U.S. House. President Obama said: "There's been discussion about how we can restart our nuclear industry as a means of reducing our dependence on foreign oil and reducing greenhouse gases.  Is that an area where we can move forward?"

Nevermind that just a few percent, at most, of our electricity comes from burning oil, and nuclear power only provides electricity. And nevermind that nuclear power would be very likely the slowest and most expensive way to reduce greenhouse gas emissions. And nevermind nuclear power would also be the costliest way to generate jobs.

Thus, it is obvious that during this lame duck session of Congress, it is vital that you contact your U.S. Representative and Senators via the Capitol Switchboard (202-224-3121) to urge them to oppose taxpayer-backed loan guarantees, loans, or other subsidies for new nuclear facilities such as reactors or uranium enrichment plants. It is also vital that you contact President Obama (White House Comment Line: 202-456-1111) to urge the same thing.

 

Thursday
Nov042010

As Election Day dust settles, urge Congress: no nuclear loan guarantees!

As the dust settles from November 2nd's federal elections, and the nuclear power industry licks its chops in anticipation of its lobbying army's impending money grab at the U.S. Treasury, now is a vital time to contact your U.S. Representative and Senators via the Capitol Switchboard (202-224-3121) to urge them to oppose taxpayer-backed loan guarantees, loans, or other subsidies for new nuclear facilities such as reactors or uranium enrichment plants. Whether your Representative and Senator(s) are simply waiting to leave office in early January, having announced their retirement or lost their re-election -- or have now been re-elected, and will again hold their seats in Congress early next year -- or are newly elected, and will take the oath of office for the first time in early January -- now is the time to weigh in with them! During the lame duck session of Congress, from now till early January, we must remain vigilant, and we'll have to redouble our efforts come the new Congress as the already filthy rich nuclear power industry seeks to grow its greed even more, at taxpayer expense and risk! Just to give you an idea as to what we'll be up against, see Beyond Nuclear's fact sheet on Representative Fred Upton (Republican from Michigan's 6th district), one of the nuclear power industry's best friends in Congress, who will likely become the U.S. House Energy and Commerce Committee chairman.