Kudos to Obama
And I mean that seriously.
Fed Loan Guarantees May Boost Nuclear Power Return
$8B loan guarantees for Ga. plants may spur nuclear comeback 30 years after Three Mile Island
More than $8 billion in new federal loan guarantees to build two nuclear reactors in Georgia could be the first step toward a nuclear renaissance in the United States, three decades after the Three Mile Island nuclear accident halted all new reactor orders.
With the nuclear industry poised to begin construction of at least a half dozen plants over the next decade, President Barack Obama announced the first loan guarantees Tuesday, casting them as both economically essential and politically attractive. He called nuclear power a key part of comprehensive energy legislation that assigns a cost to the carbon pollution of fossil fuels, giving utility companies more incentive to turn to cleaner nuclear fuel.
“This is only the beginning,” Obama said in designating the new federal financial backing for a pair of reactors in Burke County, Ga., to be built by Atlanta-based Southern Co. Obama’s budget would triple — to $54.5 billion — loan guarantees available for new nuclear construction.
Of course, he killed the Yucca Mountain nuclear waste storage program, but . . .
I wanted to wait a couple of days and see what the liberals had to say about Obama’s announcement, and I’ve been surprised. Eminent nuclear physicist Michael Douglas (star of 1979’s The China Syndrome) now supports nuclear power. “(P)ioneering environmentalist Stewart Brand, the founder and editor of the Whole Earth Catalog” – for years an opponent of nuclear power – is now on board.
Hey, the religion of Anthropogenic Global Warming does have an upside!
But I still want my backyard nuke.