LOL antinukes invoke failure of solar company in attempt to stop nuclear loan [View all]

[wtmusic]

Last edited Thu Jan 31, 2013, 05:19 PM - Edit history (1)

"Are new nuclear power plants a good bet for taxpayers? Congress evidently thought so in 2005, when it set aside $17.5 billion in loan guarantees to help restart nuclear construction in this country after a three-decade drought.

The theory at the time was that nuclear power was essential to maintaining diversity in the nation’s electric power system and to cutting carbon dioxide emissions by reducing reliance on fossil fuels. The program was signed into law by President George W. Bush, and President Obama later proposed expanding that program to more than $50 billion."

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"Nonetheless, two groups that oppose the construction of the Vogtle reactors are arguing that the proposed loan guarantee for the project is “Solyndra-like,” a reference to the scandal over a solar panel manufacturer in California that went bankrupt in 2011 after receiving a $535 million federal guarantee."

http://green.blogs.nytimes.com/2013/01/31/nuclear-opponents-invoke-solyndra/