Saturday, February 20, 2010

A New Nuclear U.S.?

Obama unveils loan guarantees for 1st U.S. nuclear plant in 3 decades

Japan Today — U.S. President Barack Obama on Tuesday announced $8.33 billion loan guarantees for the construction of the first U.S. nuclear power plant in more than 30 years, a move that could create opportunities for Japanese companies involved in building such facilities.

‘‘We’re going to have to build a new generation of safe, clean nuclear power plants in America,’’ Obama said in a speech at the Lanham, Maryland-based job-training center of the International Brotherhood of Electrical Workers, a labor union.
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Budget Wielded to Cut Greenhouse Gases

Wall Street Journal — President Barack Obama's 2011 budget calls for an array of regulations, subsidies and taxes aimed at cutting emissions of greenhouse gases, even as a sweeping climate bill sits on ice in the Senate.

Mr. Obama's budget calls for $39 billion in tax increases on fossil-fuel producers over 10 years. It also includes an estimated $1.4 billion to help developing countries address the impacts of climate change, reduce deforestation and shift to low-carbon energy sources. And it proposes tripling federal support for nuclear energy, by adding $36 billion in new loan authority for an Energy Department program aimed at speeding the construction of new reactors.
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Environmental Advocates Are Cooling on Obama

New York Times — There has been no more reliable cheerleader for President Obama’s energy and climate change policies than Daniel J. Weiss of the left-leaning Center for American Progress.

But Mr. Obama’s recent enthusiasm for nuclear power, including his budget proposal to triple federal loan guarantees for new nuclear reactors to $54 billion, was too much for Mr. Weiss.
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