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Barack Obama gives green light to new wave of nuclear reactors

Posted By admin On February 17, 2010 @ 10:36 am In U.S. News | Comments Disabled

Suzanne Goldenberg,
London Guardian
Feb 17th 2010

Barack Obama pressed the start button on the first new construction of nuclear reactors in a generation today, announcing $8.3bn in loan guarantees for the company building two.

Obama, in a visit to a job training centre in Maryland, said the loan guarantees to the energy [1] giant, Southern Company [2], would help launch the first wave of construction of new reactors in nearly 30 years as well as advance his energy and climate agenda [3].

“Even though we have not broken ground on a new nuclear plant in nearly 30 years, nuclear energy remains our largest source of fuel that produces no carbon emissions [4],” he said. “To meet our growing energy needs and prevent the worst consequences of climate change [5], we’ll need to increase our supply of nuclear power [6]. It’s that simple.”

The loans would commit the US government to repaying Southern’s loans if the company defaults. The guarantees cover some 70% of the estimated $8.8bn cost of building the two new reactors at the company’s Vogtle plant, which is east of Atlanta.

Full article here [7]

Barack Obama gives green light to new wave of nuclear reactors 190110banner4 [8]


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URL to article: http://www.prisonplanet.com/barack-obama-gives-green-light-to-new-wave-of-nuclear-reactors.html

URLs in this post:

[1] energy: http://www.guardian.co.uk/environment/energy

[2] Southern Company: http://www.southerncompany.com/

[3] his energy and climate agenda: http://www.guardian.co.uk/environment/2010/jan/07/us-climate-change-legislation

[4] carbon emissions: http://www.guardian.co.uk/environment/carbon-emissions

[5] climate change: http://www.guardian.co.uk/environment/climate-change

[6] nuclear power: http://www.guardian.co.uk/environment/nuclearpower

[7] Full article here: http://www.guardian.co.uk/environment/2010/feb/16/barack-obama-nuclear-reactors

[8] Image: http://www.prisonplanet.tv

[9] Fukushima nuclear plant to be entombed in concrete as Japan admits it has lost battle with crippled reactors: http://www.prisonplanet.com/fukushima-nuclear-plant-to-be-entombed-in-concrete-as-japan-admits-it-has-lost-battle-with-crippled-reactors.html

[10] Smoke Rises from DIFFERENT Nuclear Complex … 7 Miles from the Leaking Reactors: http://www.prisonplanet.com/smoke-rises-from-different-nuclear-complex-7-miles-from-the-leaking-reactors.html

[11] Storms Knock Out 3 Nuclear Reactors in Alabama … No Leak, But a Reminder of Nuclear Vulnerability: http://www.prisonplanet.com/storms-knock-out-3-nuclear-reactors-in-alabama-no-leak-but-a-reminder-of-nuclear-vulnerability.html

[12] Japan nuclear reactors must pass tsunami test before reopening: http://www.prisonplanet.com/japan-nuclear-reactors-must-pass-tsunami-test-before-reopening.html

[13] Two Nuclear Reactors Were Damaged by the Earthquake, BEFORE the Tsunami Hit … and the Entire Nuclear Reactor Design Is Flawed: http://www.prisonplanet.com/two-nuclear-reactors-were-damaged-by-the-earthquake-before-the-tsunami-hit-and-the-entire-nuclear-reactor-design-is-flawed.html

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