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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]

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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

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