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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 May 1, 2011 - May 31, 2011

Wednesday
May182011

Bonnie Raitt, Jackson Browne, and Graham Nash call on citizens to take action against new nuclear loan guarantees

Nash, Raitt, and Browne, flanked by environmental and congressional allies, at a Nukefree.org press conference against nuclear loan guarantees on Capitol Hill, 2007"We may be on the brink...of stopping the US nuclear industry from building new reactors," write musicians Bonnie Raitt, Jackson Browne, and Graham Nash in a new posting on the Nukefree.org website. Join their call by phoning your two U.S. Senators and your U.S. Representative via the Capitol Switchboard at (202) 224-3121 and urging them to block the $36 billion in new nuclear loan guarantees proposed by the Obama administration in the Fiscal Year 2012 federal budget, with the first congressional subcommittee votes expected to happen in the next few weeks