Obama's Nuclear Loan Guarantee Plan Draws Broad Opposition. By Wendy Koch, USA Today, February 1, 2010. "A campaign is already underway to oppose the tripling of loan guarantees for new nuclear power plants, included in President Obama's 2011 budget unveiled on Monday. A bevy of environmental, taxpayer and scientific groups -- plus a scholar at the conservative Heritage Foundation -- are criticizing Obama's proposal to increase loan guarantees for new nuclear plants from $18.5 billion to $54.5 billion. The guarantees could bolster GOP support for his bill to reduce greenhouse gas emissions, which passed the House of Representatives but is pending in the Senate. In a letter to Obama, four groups - the National Taxpayers Union, Taxpayers for Common Sense, the George Marshall Institute and the Non-Proliferation Education Center -- oppose an expansion of loan guarantees for new nuclear plants: 'With hundreds of billions in bailouts already on the shoulders of U.S. taxpayers, the country cannot afford to move forward with a program that could easily become the black hole for hundreds of billions more.'"
2010-02-03
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment