Friday, November 30, 2007


Friends of the Earth has been working behind the scenes to kill a provision in the Democrats' energy bill that would force taxpayers to underwrite a new generation of nuclear reactors.

The good news is that this provision is on the ropes and can be cut out of the energy bill with one more public push. The final bill will come up for a vote next week, so now is the perfect time to rattle Congress' cage.

Send your Senators and Representative a message now -- we'll copy Speaker Nancy Pelosi in the House and Leader Harry Reid in the Senate.

Why shouldn't the public underwrite nuclear power?

It's Not Economically Viable: Nuclear power already receives billions of dollars every year in taxpayer subsidies, and the public already insures the reactors against accidents. But even with this existing corporate welfare, industry officials admit they can't build a single new plant without making the taxpayer the fall guy for any bad loans. Worse, industry experts warn that the default rate on the loans could be up to 50 percent!

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As Jim Hightower explains it, is that “the wealthiest 1 percent of Americans possess more net worth today than the bottom 90 percent of us combined. Worse, these privileged few and their political henchmen have structured a new economic ‘normal’ of long-term joblessness, low wages, no benefits or worker rights, miserly public services, and a steadily widening chasm between the rich and the rest of us.” We must restore sanity to this nation.