Antinuclear

$953 million spent to promote nuclear power as “climate solution”

there is real danger that the nuclear industry will continue to promote itself as a ‘silver-bullet’ solution to climate change

Nuclear Energy Steals Billions from Other Technologies « Stephen Leahy, International Environmental Journalist, 20 July 2010, “……..This lavish lobbying effort by the energy and nuclear power sector has been ongoing since the mid-1990s, according to the Center for Responsive Politics, a U.S. NGO and now totals at least 953 million dollars.

……..the hype around a nuclear power revival or renaissance was based on nothing and is effectively dead.
Last month Canada backed out of ordering two 1,200-megawatt reactors because cost estimates of 10,000 dollars/kW were three times higher than expected.

However there is real danger that the nuclear industry will continue to promote itself as a ‘silver-bullet’ solution to climate change and give politicians the kind of mega-projects that gets them publicity, warns Schneider.

Equally important is that corporate shareholders of large utility companies can do very well financially on such projects when governments guarantee to cover any losses.

“The worst thing about new nuclear is that it steals billions of public dollars from other more effective things like energy efficiency,” he says.

Nuclear Energy Steals Billions from Other Technologies « Stephen Leahy, International Environmental Journalist

July 20, 2010 - Posted by Christina Macpherson | climate change - global warming, energy, uranium | antinuclear, climate change, climate change - global warming, energy, nuclear, renewable, uranium