Subsidies

The nuclear industry has been heavily subsidized throughout its 50+-year history in the U.S. It continues to seek the lion's share of federal funding since it cannot otherwise afford to expand.

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Entries from September 1, 2016 - September 30, 2016

Friday
Sep302016

DOE Task Force on the Future of Nuclear Power draft report calls for massive national subsidies to prop up dying industry

In Sept., 2016 the Secretary of Energy Advisory Board, Task Force on the Future of Nuclear Power, published its Draft Report. The report calls for massive nationalized subsidies, to prop up dirty, dangerous/age-degraded, expensive/un-competitive, atomic reactors across the U.S.

[This Task Force report was cited in NIRS Nov. 2016 report, Too Big to Bail Out. The NIRS report, by its executive director, Tim Judson, estimates that a New York-style bail out, implemented across the U.S., could cost American ratepayers and/or taxpayers, a whopping $280 billion.]