President Obama is seeking $8.3 billion in federal loan guarantees for new nuclear power plants planned in Georgia. The guarantees put taxpayers on the hook for the money, should the venture fail or run over budget, which is a pretty good possibility.
http://theoaklandpress.com/articles/2010/02/16/news/doc4b7ab6e069874451200327.txt
So, I'm expecting to see conservatives and free-market proponents come out in force against this subsidy with the same fervor they assail subsidies for solar power or wind energy.
But, I'm not holding my breath.
###
Hugh McDiarmid Jr. lives in suburban Detroit, Michigan where he works in communications for a nonprofit foundation. He was a journalist with Michigan newspapers for 22 years including a decade at the Detroit Free Press before moving into nonprofit, government and foundation work -- primarily on behalf of natural resource protection, climate change mitigation and adaptation and social justice. Views solely his own.
Showing posts with label nuclear power. Show all posts
Showing posts with label nuclear power. Show all posts
Tuesday, February 16, 2010
Subscribe to:
Posts (Atom)
