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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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Tuesday
Aug242021

240+ Organizations Sign Letter Opposing Subsidies for Nuclear Power in Infrastructure Bills; Bailouts Would Perversely Incentivize Generation of Highly Radioactive Waste, Targeted to Be Dumped in Low Income, Minority Southwest

NEWS FROM BEYOND NUCLEAR

For immediate release 

Contact: 

Hannah Smay, Digital Organizer, Nuclear Information and Resource Service (NIRS), hannahs@nirs.org, (208) 340-0531

Kevin Kamps, Radioactive Waste Specialist, Beyond Nuclear, kevin@beyondnuclear.org, (240) 462-3216

240+ Organizations Sign Letter Opposing Subsidies for Nuclear Power in Infrastructure Bills
  

Bailouts Would Perversely Incentivize Generation of Highly Radioactive Waste, Targeted to Be Dumped in Low Income, Minority Southwest


TAKOMA PARK, MD, AUGUST 24, 2021--

Over 240 organizations, including Beyond Nuclear, Friends of the Earth, Indigenous Environmental Network, Food & Water Watch, The League of Women Voters, Physicians for Social Responsibility, Public Citizen, Nuclear Information and Resource Service (NIRS) and hundreds more sent a letter to Congressional leaders telling them to reject all proposals in infrastructure bills that subsidize nuclear energy, and to instead invest in a just and equitable transition to safe, clean renewable energy. 
 
The letter opposes proposals in both the energy legislation for the larger reconciliation package (S.2291/H.R.4024) and the bipartisan infrastructure bill, which together would grant up to $50 billion to prop up aging, increasingly uneconomical nuclear reactors for the next decade. 
 
The letter highlights climate, economic, and environmental justice concerns with proposed nuclear subsidies, in addition to evidence that nuclear power is too dirty, dangerous, expensive, and slow to be a viable solution to the climate crisis. 
 
All of the proposed subsidies (up to $50 billion) are predicted to go to reactors owned by only eight corporations and located in only 19 counties across eight states. Over 50 organizations in each of these states - Connecticut, Illinois, Maryland, New Hampshire, New Jersey, Ohio, Pennsylvania, and Texas - signed the letter. 
 
Tim Judson, NIRS executive director said that “Despite the size of this extraordinarily inequitable investment of taxpayer dollars, to subsidize old nuclear power reactors, not one single new job would be created. Worse, allocating $50 billion to old reactors instead of renewable energy, efficiency, and other clean electricity infrastructure would prevent the creation of more than 60,000 new jobs.”
 
Hannah Smay with NIRS added, “Regarding environmental impacts, subsidizing nuclear reactors will result in the creation of more radioactive waste without mitigating any of the significant environmental justice, climate justice, economic justice, and nuclear weapons proliferation impacts.” 
 
Kevin Kamps, Beyond Nuclear's radioactive waste specialist, said "$50 billion in taxpayer bailouts to prop up economically failed, dangerously age-degraded atomic reactors, would not only increase the risk of a catastrophic core meltdown, but would also perversely subsidize the generation of many thousands of tons of highly radioactive waste for which there is no safe, sound solution." Kamps added, "This would only increase the pressure to open environmentally unjust highly radioactive waste dumps in the New Mexico/Texas borderlands, violating 'consent-based siting,' and unleashing high-risk shipments of irradiated nuclear fuel by road, rail, and waterway through most states."
 
The hundreds of organizations call for federal investments in a transition to efficient, renewable, clean energy technologies that can scale up as rapidly and affordably as possible to reduce emissions as aggressively as possible. Not only does nuclear energy fail to meet any of those criteria, investing billions of dollars in subsidies for old reactors directly funnels public investment away from environmentally just, equitable, and sustainable solutions to the climate crisis. 
 
The letter states “We cannot perpetuate false solutions that prolong our reliance on dirty energy industries and have any hope of ending the climate and environmental justice crises those industries create. Providing billions of dollars in subsidies to nuclear power will only put short-sighted economic interests ahead of human lives, racial justice, the health of our environment, safe drinking water, and a thriving, equitable economy.” 
 
 
The 240+ organizations demand that these bailouts be omitted from the budget and funds be directed to investing in carbon-free, nuclear-free clean energy. 
 
The Nuclear Information and Resource Service is an organization devoted to the just energy transition from nuclear to clean, renewable energy sources and advocates for a nuclear-free, carbon-free future. They are located near Washington DC in Takoma Park, Maryland.
 
Contact Hannah Smay via email at hannahs@nirs.org or by phone at (208) 340-0531. 
 
Beyond Nuclear is a 501(c)(3) nonprofit membership organization. Beyond Nuclear aims to educate and activate the public about the connections between nuclear power and nuclear weapons and the need to abolish both to safeguard our future. Beyond Nuclear advocates for an energy future that is sustainable, benign and democratic. The Beyond Nuclear team works with diverse partners and allies to provide the public, government officials, and the media with the critical information necessary to move humanity toward a world beyond nuclear. Beyond Nuclear: 7304 Carroll Avenue, #182, Takoma Park, MD 20912. Info@beyondnuclear.org. www.beyondnuclear.org.
 
Contact Kevin Kamps via email at kevin@beyondnuclear.org or by phone at (240) 462-3216.

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Friday
Aug062021

$6 BILLION BAILOUT: Infrastructure deal to subsidize old reactors

"Burning Money," graphic by Gene Case/Avenging Angels, which appeared on the cover of The Nation in 2003, accompanying an article about the nuclear power relapse, authored by Christian ParentiBloomberg reports the bipartisan U.S. Senate infrastructure bill includes $6 billion in taxpayer subsidies for dangerously degraded reactors. Exelon reactors in Illinois -- at Byron and Dresden -- reportedly qualify. Dresden Units 2 and 3 are more than a half-century old, and of the same design as the reactors that melted down at Fukushima Daiichi, Japan. Byron's work culture is so toxic, it has reportedly driven some control room operators to commit suicide. Energy Harbor (formerly FirstEnergy) reactors in Ohio and Pennsylvania also reportedly qualify. This includes Davis-Besse near Toledo (which has had many close calls with catastrophe, and a severely cracked containment), Perry near Cleveland (on a faultline), and Beaver Valley west of Pittsburgh (Unit 1 is severely embrittled).

READ MORE

Monday
Aug022021

Nuclear Plants to Get $6 Billion Lifeline in Infrastructure Deal

Tuesday
Jun152021

Proposals to phase out coal and natural gas plants stall energy talks in Springfield as Senate again leaves town without a deal

As reported by the Chicago Tribune.

However, IL State Senate President Don Harmon has vowed to get the energy bill done -- perhaps in a special session to be held later this summer. Vigilant resistance against a degraded old reactor bailout costing IL residents hundreds of millions, or even more than a billion, dollars is therefore required. This nuclear bailout would be on top of the $2.35 billion old nuclear reactor bailout approved by the IL legislature and previous IL governor in Dec. 2016.

Tuesday
Jun152021

[IL] Energy bill deal elusive as [State] Senate heads home empty-handed

It's an embarrassing setback for [Illinois State] Senate President Harmon and Gov. Pritzker, as continued warring between two favored constituencies, environmentalists and labor, hung up the governor's top legislative priority.

As reported by Crain's Chicago Business. (The article is behind a pay wall.)