Stop taxpayer loans ($8.3 billion) for 2 new Georgia nuke reactors! (petition)

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More corporate welfare proposed , this time for the nuclear industry that wants to keep building new reactors. There was a reason we stopped this industry from building more nukes back in the '70's. Read "Nuclear Roulette: The Case Against a Nuclear Renaissance" if you don't know the history, past and present.

Tell President Obama and Secretary Chu: Stop taxpayer loans for Georgia reactors!

http://org2.democracyinaction.org/o/5502/p/dia/action/public/?action_KEY=9662#.T9jWh9-0yco.facebook

From Nuclear Information and Resource Service (NIRS)

June 11, 2012

This is big. The $8.3 Billion taxpayer loan for construction of two new reactors at the Vogtle site in Georgia, the centerpiece of the Obama Administration's support for the "nuclear renaissance," may be blocked--by the Obama Administration . You can help make this happen.

The Department of Energy last week extended the deadline for completion of the loan package until the end of 2012--an indication this loan is in serious trouble. WE CAN STOP THIS LOAN AND END THE ENTIRE NUCLEAR LOAN PROGRAM! ACT BELOW!

More background:

According to an article from the industry publication Platt's, the nuclear industry is growing increasingly worried that the White House's Office of Management and Budget (OMB), which also must approve the loan, will not give its final approval. That's because the nuclear industry wants a sweetheart deal--one where Southern Company has to put up virtually none of its own money and where all financial risk is laid squarely on the shoulder of taxpayers.

But both OMB and DOE have come under scathing criticism, especially from Congressional Republicans, over the failure of the Solyndra solar company loan granted by the Administration. And the proposed Vogtle loan would be 15 times larger (and far riskier) than the one given to Solyndra.

Thus, the Administration is being much more cautious over the Vogtle loan than it would have been when first agreed to more than two years ago. And the more public scrutiny the Administration receives--and the more letters we send--the more likely that caution will lead to a cancellation of this loan. Our actions now matter--a lot. It may not be too much to say that the strength of our actions now could determine the fate of new nuclear power in the U.S.

Tell President Obama and Secretary Chu below to stop these loans now.

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Subject:

Your Letter:

Hon. Steven Chu
Secretary of Energy

Washington, DC
US
Fax [phone]
President Barack Obama

Phone [phone]
Fax [phone]

[Egalitarian Thug]

1. K&R&Done n/t

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2. now we find Reps Markey and Burgess calling for investigation into DOE bailout of failed nuke corp

http://markey.house.gov/press-release/markey-burgess-call-gao-investigation-doe-support-near-bankrupt-usec

Jun. 12, 2012 --
Precarious financial situation, contravention of laws, inaccurate national security benefits underscore risk for bailout of nuclear enrichment company

WASHINGTON, D.C. – Congressmen Edward J. Markey (D-Mass.) and Michael C. Burgess, M.D. (R-Texas) today wrote the Government Accountability Office (GAO) calling for an investigation of the Departments of Energy’s (DOE) continued support for the floundering United States Enrichment Corporation (USEC). In their letter to the GAO, the lawmakers point to USEC’s inability to avoid insolvency in the absence of continued DOE bailouts, most recently in the form of $44 million in assistance so that the company could continue work on USEC’s flawed centrifuge technology and tens of thousands of tons of free uranium transferred from the Energy Department to stave off an immediate shut down of its Kentucky enrichment facility. Additionally, the Congressmen cite the recent credit downgrading, technical problems, and inaccurate assertions about the national security benefits as reasons why the nuclear enrichment program may never reach full commercialization.

“We’ve been told this earmark is all about avoiding risk to our national security, but the real risks of this nuclear bailout is for taxpayers who will be on the hook for questionable government handouts that are worth more than the entire company,” said Rep. Markey. “The GAO should immediately commence an investigation into DOE’s ongoing support for USEC before we throw more money at a company whose junk bond status and junk technology make it better suited for the budgetary junk heap.” more

[snugloans]

3. Spam deleted by LeftishBrit (MIR Team)