President Obama has offered the Georgia project $8.3 billion in federal loan guarantees as part of its pledge to expand nuclear power.
Obama and other proponents say greater use of nuclear power could cut U.S. reliance on fossil fuels and create energy without producing emissions blamed for global warming. A new government permit process strongly encourages utilities to use pre-approved reactor designs rather than building custom models, a strategy intended to make construction easier and less expensive.
Amazing how this came to pass, in spite of the fact that President Obama offered the $8.3 billion in federal loan guarantees for the project. But good for those private investors to keep on keeping on, even under circumstances as adverse as being guaranteed $8.3 billion in federal funds. Three cheers for America!
President Barack Obama managed to end partisan gridlock in Washington by approving the first $8.3 billion in a nuclear loan guarantee program yesterday, but not in the way he would have liked.
Quote:
The guarantee "is a dirty and dangerous distraction from the clean-energy future the president promised America," said Jim Riccio, nuclear policy analyst at Greenpeace.
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izzythepush
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Sun 12 Feb, 2012 07:50 am
Building a nuclear reactor next to H2OMan's crapshack has to be good news.
Enter EXETER, BEDFORD, and WESTMORELAND
BEDFORD
'Fore God, his grace is bold, to trust these traitors.
EXETER
They shall be apprehended by and by.
WESTMORELAND
How smooth and even they do bear themselves!
As if allegiance in their bosoms sat,
Crowned with faith and constant loyalty.
BEDFORD
The king hath note of all that they intend,
By interception which they dream not of.
EXETER
Nay, but the man that was his bedfellow,
Whom he hath dull'd and cloy'd with gracious favours,
That he should, for a foreign purse, so sell
His sovereign's life to death and treachery.
Pity Shakespeare never wrote Midsummer Night's Crapshack.