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Loan Guarantees

New reactor construction is so expensive and unpredictable that no U.S. utility is willing to take the risk without the backing of federal loan guarantees, potentially in the hundreds of billions of dollars. Beyond Nuclear and others fight to prevent the mature nuclear industry from seizing any such subsidies which are better spent on true climate solutions such as renewable energy and energy efficiency programs.

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Entries from June 1, 2010 - June 30, 2010

Tuesday
Jun292010

9 US Congress Members express opposition to $9 billion in expanded nuclear loan guarantees

Nine members of the U.S. House of Representatives -- Donna Edwards (D-MD), Carol Shea-Porter (D-NH), Dennis Kucinich (D-OH), John Hall (D-NY), Peter DeFazio (D-OR), Shelley Berkley (D-NV), Raul Grijalva (D-AZ), Lloyd Doggett (D-TX), and Peter Welch (D-VT) -- sent a letter to House Appropriations Committee Chairman Dave Obey (D-WI) on June 22nd, expressing opposition to the inclusion of $9 billion in expanded federal loan guarantees for new nuclear power reactors. The provision is attached as a rider to an emergency war funding bill, which the Members regard as improper. Please consider calling one or more of the signatories via the Congressional Switchboard at (202) 224-3121 to thank them for their good action to protect taxpayer pocketbooks from nuclear power's financial risks. The House Appropriations Committee may act on this issue by the beginning of its Independence Day recess which begins July 3rd, so phone your own U.S. Representative via the Switchboard number above as well, to urge them to express similar opposition to expanded nuclear power loan guarantees to Chairman Obey and other Members of the House Appropriations Committee.

Wednesday
Jun092010

Still time to block $9 billion expansion to nuclear loan guarantees -- call Congress today!

As Harvey Wasserman reports in "Apocalypse in the Gulf now (oil) & next (nukes)," we still have a week to urge our U.S. Representatives to remove $9 billion in new loan guarantees for atomic reactor construction from the emergency war and disaster relief funding bill before the U.S. House Appropriations Committee. See the environmental group coalition letter to House Members, as well Taxpayers for Common Sense's own letter to the U.S. House, objecting to these new atomic reactor loan guarantees. Check to see if your U.S. Representative serves on the Appropriations Committee. If they do, phone them via the U.S. Capitol Switchboard at (202) 224-3121 and urge them to do all they can to block this atomic industry give-away at taxpayer risk. Even if your U.S. Representative does not serve on that committee, call them anyway, and urge that they weigh in with their colleagues on the committee to oppose this massive subsidy. Also, call U.S. House Appropriations Committee Chairman Dave Obey (D-WI) at (202) 225-2771 to urge this radioactive provision be removed from the bill. See Beyond Nuclear's earlier alert on this issue for additional background information, as well as our original post when Politico broke this story.