Baltimore– Legislation released today by Senators Alexander (TN) and Webb (VA) would dramatically increase subsidies for new and existing nuclear power plants and in so doing set America back in effort to solve global warming, according to Environment Maryland. The plan includes releasing $100 billion in federal loan guarantees which could be used for nuclear power; spending up to $1.5 billion developing nuclear breeder reactors; and spending $2.5 billion on nuclear worker training, nuclear plant design review, and extending the life of existing reactors.
"When it comes to global warming, time and money are of the essence and nuclear power will fail America on both accounts," said Mike Sherling, field associate with Environment Maryland. "With government dollars more precious than ever, nuclear power is a foolish investment that will set us back in the race against global warming."
"Senators Alexander and Webb should focus instead on energy efficiency and clean renewable energy -- the quickest, cheapest cleanest solutions to global warming," said Sherling.
Tomorrow, Environment Maryland is releasing a new report, Generating Failure: How Building Nuclear Power Plants Would Set America Back in the Race against Global Warming, which concludes that investing in nuclear power will set back the race to solve global warming.
