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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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Thursday
Feb102011

Still time to join effort to get dirty, dangerous, and expensive nuclear power booted out of Obama's call for a "Clean Energy Standard"

As soon as rumors swirled that President Obama might include dirty, dangerous, and expensive nuclear power, and other dirty energy sources, in his State of the Union call to Congress and the nation for a "Clean Energy Standard," the anti-nuclear movement took action. Led by Friends of the Earth, 45 groups, including Beyond Nuclear, wrote to Obama, urging him to not include nuclear and other dirty energy in his "Clean Energy Standard."

Now Friends of the Earth has gathered over 100 groups onto its letter, which it plans to send to Senate Majority Leader Harry Reid. Friends of the Earth is still taking group signatures onto their letter. To sign your group on, simply email Ben Schreiber at bschreiber@foe.org ASAP. Include your group name and state, and basic contact info. so Ben can get back to you if he needs to.

Are you a concerned citizen but not part of a group? You can still take action. Contact the White House and urge President Obama to exclude dirty, dangerous, and expensive nuclear power from his "Clean Energy Standard." Also, contact Senate Majority Leader Reid (D-NV) with the same message.

Wednesday
Jan262011

Obama calls nuclear power “clean energy” in State of the Union

Orwell is spinning so fast in his grave, he’d qualify for electricity production tax credits: Congressman Markey (D-MA) made that joke at a Friends of the Earth anti-nuclear summit several years ago. That event was focused on countering the “Nuclear Power Renaissance” -- more aptly dubbed the nuclear power relapse -- and especially the threat of federal loan guarantees to pay for it, since private investors have refused to for several decades running. But Markey’s joke could also apply to President Obama’s decision – despite 45 groups, including Beyond Nuclear, urging him not to – to declare nuclear power “clean energy” in his State of the Union address to Congress last night, and his call for its expansion at taxpayer risk and expense despite 2007-2008 presidential campaign pledges against such subsidies. The White House fact sheet on the "Clean Energy Standard" accompanying the State of the Union address makes perfectly clear that President Obama is lumping nuclear power -- and other dirty energy such as coal -- in with renewable sources such as solar and wind, as well as efficiency, when he says "clean energy." 

Obama equated nuclear power to being as “clean” as renewables like wind and solar, despite the “routine” and “accidental” radioactive and toxic releases (as well as greenhouse gas emissions) at each and every step of the uranium fuel chain, from mining to milling, processing, conversion, enrichment, fuel fabrication, reactor operations, decommissioning, and radioactive waste storage and disposal. Obama said “clean energy,” including nuclear power, represents “investment that will strengthen our security, protect our planet, and create countless new jobs for our people.” To the contrary, more nuclear power facilities would: create yet more “dirty bombs in our backyard” vulnerable to terrorist attack; worsen nuclear weapons proliferation risks; be the most expensive, and slowest, way of all to address the accelerating climate crisis, and the least cost-effective way to put Americans back to work.

Ironically, Obama’s “handing out money” from hardworking American taxpayers to the filthy rich nuclear power industry, in the form of current and impending U.S. taxpayer-backed loan guarantee offers, would benefit foreign firms and governments: $8.3 billion to build two new Toshiba-Westinghouse (a Japanese firm) AP1000 reactors at Vogtle nuclear power plant in Georgia; $2 billion to build the Areva (French government owned) “Eagle Rock [Uranium] Enrichment Facility” in Idaho; $7.5 billion to build an Areva “Evolutionary Power Reactor” at Calvert Cliffs nuclear power plant in Maryland, a project currently 100% owned by the French government’s Electricite de France; and yet-to-be-announced billions for two new Japanese-designed Hitachi-GE “Advanced Boiling Water Reactors” at South Texas Project nuclear power plant, a venture co-owned by Japan's Toshiba and nuclear utility Tokyo Electric Power Company.

Obama urged that “instead of subsidizing yesterday’s energy, let’s invest in tomorrow’s,” without mentioning that nuclear power is now 54 years old, and has gobbled up the lion’s share of federal subsidies for energy research and development that entire time, as well as numerous other forms of taxpayer and ratepayer subsidy (not to mention shareholder loss!). Despite all this disproportionate public support, nuclear power currently provides only 11% of our country’s primary energy -- tied with renewables, which have received so much less support over the past half century. Despite this, Obama called for expanding taxpayer subsidies for nuclear power R&D, explicitly praising such projects at Oak Ridge National Laboratory.

Numerous anti-nuclear groups responded immediately to Obama’s “Nukespeak,” including Friends of the Earth, Chicago-based Nuclear Energy Information Service (NEIS), Nuclear Information and Resource Service (NIRS), and the Sierra Club of Connecticut’s Anti-Nuclear Committee.

Please help educate President Obama that nuclear power is actually dirty, dangerous, and expensive, and urge him to support and promote truly clean energy from renewable sources such as wind and solar, as well as the most cost-effective of all, efficiency (not even mentioned in the State of the Union!). Phone the White House comment line at (202) 456-1111; write President Obama via the White House webform at http://www.whitehouse.gov/contact; snail mail him at The White House, 1600 Pennsylvania Avenue NW, Washington, DC 20500; or fax him at (202) 456-2461. You can also write him a personal note on Beyond Nuclear’s solar or wind post card, as you can your Members of Congress, State Governor, State Legislators, and other decision makers. To order postcards, email info@beyondnuclear.org or call (301) 270-2209. 

Thursday
Dec092010

Harvey Wasserman: "$7 Billion New Nuke Attack"

Harvey WassermanHarvey Wasserman of NukeFree.org strikes again, with an analysis and call to action against nuclear power subsidies as an essential prerequisite for achieving Solartopia.

Thursday
Dec092010

Coalition of taxpayer and conservative groups oppose risky nuclear loan guarantee expansion

Taxpayers for Common Sense, the Non-Proliferation Policy Education Center, the Competitive Enterprise Institute, and the National Taxpayers Union have warned Congress: "Putting the full faith and credit of the U.S. government behind costly, risky projects that the private sector won't finance is fiscally reckless and politically unwise. Because of the size of these nuclear reactor projects, taxpayers stand to lose more on these than any other Title XVII loan guarantee. Congress must face the reality that loan guarantees are anything but 'free money' or a wise expansion of government authority and oppose further expansion of this program." Despite this, the U.S. House of Representatives, led by retiring House Appropriations Committee Chairman Dave Obey (D-WI), narrowly approved a Continuing Resolution that in fact includes a $7 billion expansion in new reactor loan guarantees, and an additional $3 billion in expanded loan guarantees for fossil fuel industries.

Thursday
Dec092010

U.S. House approves $7 billion in additional new reactor loan guarantees

The U.S. House of Representatives, by the narrow margin of 212 to 206, today passed a 423 page long "Continuing Resolution" (CR) bill, H.R. 3082, including $7 billion in additional nuclear power loan guarantees for the building of new atomic reactors, as well as an additional $3 billion in loan guarantees for "fossil energy technologies." Retiring House Appropriations Committee Chairman Dave Obey, Democrat from Wisconsin, served as the primary sponsor for the legislation; his committee website has posted a summary of the bill, the bill's full text, as well as Rep. Obey's floor statement. Although there are numerous factors which undoubtedly determined each House Member's final decision on whether or not to vote for or against the CR, it is still valuable to thank those who voted against, while expressing disappointment to those who voted for, these $10 billion in dirty, dangerous, and expensive nuclear and fossil energy loan guarantees. Check the roll call vote lists for your U.S. Representative. Thank them if they voted against the CR and its nuclear loan guarantees; "spank" them if they voted for the CR and its nuclear loan guarantees. You can call your U.S. Representative's office via the Capitol Switchboard at (202) 224-3121. Or, you can visit your House Member's website, in order to send a fax, letter, or email. Now consideration of the CR, or alternatively an Omnibus spending bill, and debate over such matters as nuclear loan guarantees, shifts to the U.S. Senate. It's vital that you call your two U.S. Senators via the Capitol Switchboard, or visit their websites in order to fax, write or email them. Urge them to block any CR or Omnibus that contains additional nuclear loan guarantees. Also contact the White House, and urge President Obama to stop subsidizing new atomic reactors -- a violation of a presidential campaign pledge he made in 2007-2008. The White House comment line can be reached at 202-456-1111; you can send a fax at  202-456-2461; you can fill out the webform at http://www.whitehouse.gov/contact; or you can send a snail mail letter to President Obama at The White House, 1600 Pennsylvania Avenue NW, Washington, DC 20500.