Take action now: stop more taxpayer subsidies for nukes

Take action now: stop more taxpayer subsidies for nukes

The Issue

[03/23/11 UPDATE: NIRS PETITION STILL OPEN, first link to their site still HOT!]
The U.S. Senate adopted two amendments to President Obama's budget that can and must be defeated.  


Both amendments were offered by Sen. Crapo (R-Idaho). One would (once again!) set the stage for Congress to provide $50 Billion in taxpayer loan guarantees for construction of new nuclear reactors.
The other would encourage taxpayer funding for dangerous and dirty radioactive waste reprocessing programs--despite the fact that the Obama Administration is just beginning a re-evaluation of U.S. radioactive waste policy.  

Fortunately, these amendments can be defeated in the House-Senate conference committee that will take place next week.  
Please take action now to ensure defeat of these amendments!
http://org2.democracyinaction.org/o/5502/t/4100/campaign.jsp?campaign_KEY=1408  

A little more background: in the byzantine world of the federal budget process, the budget bill does not actually provide money for the federal budget.
Rather, it provides parameters in which the Congressional appropriators have to operate.
Thus, these amendments do not fund these programs at this time--but if they stay in the Budget Resolution, they will make it much easier for nuclear supporters to fund these programs later in the year.  

And, of course, the nuclear industry and its supporters are going to be trying for more taxpayer money throughout the Congressional session.  
But we beat them in February, and with your help, we can beat them again now and throughout the session.
Please take action today.  send a letter to your Representative here.  

And we are now preparing for a National Grassroots Call-In Day, which likely will be in mid-May.
Watch for our Alerts on this important effort!  

Thanks for all you do,
Michael Mariotte, Executive Director    nirsnet@nirs.org 

From:
"Nuclear Information and Resource Service" nirsnet@nirs.org​ www.nirs.org
Date: 17 апреля 2009 г. 8:44  

These amendments can be deleted by the House-Senate conference committee. Please send the letter below to your Representative. Let's create a big stir and stop these amendments!

EDITABLE TEXT:

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
SUBJECT: Oppose Energy Loan Guarantee and Reprocessing Amendments in Budget Resolution Conference
 
Dear Representative,  

I urge you to do everything in your power to ensure that the House-Senate conference on President Obama's budget deletes Senate amendments 733 and 734 in the final conference version of the Budget Resolution.  Offered by Sen. Crapo (R-ID), these amendments support $50 billion for taxpayer loan guarantees that could be applied to the construction of new nuclear reactors (#733) and an increase in funding for nuclear waste reprocessing research and development (#734).  

Additional loan guarantees for new nuclear reactors would create a significant liability to U.S. taxpayers. Even prior to the current credit freeze, Wall Street determined that the nuclear industry is such a poor financial risk that it would not loan the industry money absent guarantees from taxpayers that those loans would be repaid. Because the funds for nuclear loan guarantees almost certainly would come from the Federal Financing Bank, taxpayers would be first loaning the money and then guaranteeing to themselves that the money would be repaid. Why should taxpayers take a risk private investment firms are not willing to accept?  

The Congressional Budget Office (CBO) estimates the likelihood of default for loans made to nuclear reactor developers to be “well above 50 percent.” These risks are intensified by nuclear power’s enormous capital costs and long lead times. Estimates of construction costs for nuclear reactors have more than tripled just since early 2006. According to an October 2008 report by the credit rating agency Standard & Poor’s, the costs continue to “soar” due to production bottlenecks, increasing costs of materials, and lack of trained workers and utility construction experience. The showcase reactor under construction in Finland is already three years behind schedule and more than 50 percent over budget.   

Reprocessing is an expensive and polluting process and poses a significant proliferation risk. DOE already has received $145 million in reprocessing R&D funding in the FY2009 Omnibus package, which is more than double what the program received as recently as FY2004 ($66 million).  Amid growing criticism of the process, DOE has scaled back its reprocessing plans, including deciding not to site a new R&D facility.  In addition, the Obama administration has announced that it will undertake a re-evaluation of radioactive waste policy. It would be premature, at best, to fund controversial radioactive waste programs before this re-evaluation is complete. Congress should provide no funding for reprocessing.  

It is unacceptable to ask taxpayers to shoulder the costs and risks of these technologies when alternatives exist that are faster, cleaner and more cost-effective at meeting our energy needs and addressing the climate crisis.  Thank you for your support on this issue.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

ACT TODAY TO STOP MORE TAXPAYER LOAN GUARANTEES FOR NEW REACTORS AND DIRTY, DANGEROUS REPROCESSING PROGRAMS
http://org2.democracyinaction.org/o/5502/t/4100/campaign.jsp?campaign_KEY=1408     

avatar of the starter
Ani L. SchwartzPetition StarterINDEPENDENT CERTIFIED GENIUS; triple Sagittarius VersatileViolinist; ViolaDoubles; BFA, MFA: California Institute of the Arts Big Mouth but know how to Listen; Have a reputation for "thinking like Schwartz" (as a fellow blogger put it). One of my main "religions" is Daoism, the I Ching is one of my "bibles"; Music, Jungian Psychology, Dreams, Life, Synchronicity are some of my others which are all interwoven with each other. Serendipity Rules!!!! Pay Attention to it and you will SEE.
This petition had 170 supporters

The Issue

[03/23/11 UPDATE: NIRS PETITION STILL OPEN, first link to their site still HOT!]
The U.S. Senate adopted two amendments to President Obama's budget that can and must be defeated.  


Both amendments were offered by Sen. Crapo (R-Idaho). One would (once again!) set the stage for Congress to provide $50 Billion in taxpayer loan guarantees for construction of new nuclear reactors.
The other would encourage taxpayer funding for dangerous and dirty radioactive waste reprocessing programs--despite the fact that the Obama Administration is just beginning a re-evaluation of U.S. radioactive waste policy.  

Fortunately, these amendments can be defeated in the House-Senate conference committee that will take place next week.  
Please take action now to ensure defeat of these amendments!
http://org2.democracyinaction.org/o/5502/t/4100/campaign.jsp?campaign_KEY=1408  

A little more background: in the byzantine world of the federal budget process, the budget bill does not actually provide money for the federal budget.
Rather, it provides parameters in which the Congressional appropriators have to operate.
Thus, these amendments do not fund these programs at this time--but if they stay in the Budget Resolution, they will make it much easier for nuclear supporters to fund these programs later in the year.  

And, of course, the nuclear industry and its supporters are going to be trying for more taxpayer money throughout the Congressional session.  
But we beat them in February, and with your help, we can beat them again now and throughout the session.
Please take action today.  send a letter to your Representative here.  

And we are now preparing for a National Grassroots Call-In Day, which likely will be in mid-May.
Watch for our Alerts on this important effort!  

Thanks for all you do,
Michael Mariotte, Executive Director    nirsnet@nirs.org 

From:
"Nuclear Information and Resource Service" nirsnet@nirs.org​ www.nirs.org
Date: 17 апреля 2009 г. 8:44  

These amendments can be deleted by the House-Senate conference committee. Please send the letter below to your Representative. Let's create a big stir and stop these amendments!

EDITABLE TEXT:

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
SUBJECT: Oppose Energy Loan Guarantee and Reprocessing Amendments in Budget Resolution Conference
 
Dear Representative,  

I urge you to do everything in your power to ensure that the House-Senate conference on President Obama's budget deletes Senate amendments 733 and 734 in the final conference version of the Budget Resolution.  Offered by Sen. Crapo (R-ID), these amendments support $50 billion for taxpayer loan guarantees that could be applied to the construction of new nuclear reactors (#733) and an increase in funding for nuclear waste reprocessing research and development (#734).  

Additional loan guarantees for new nuclear reactors would create a significant liability to U.S. taxpayers. Even prior to the current credit freeze, Wall Street determined that the nuclear industry is such a poor financial risk that it would not loan the industry money absent guarantees from taxpayers that those loans would be repaid. Because the funds for nuclear loan guarantees almost certainly would come from the Federal Financing Bank, taxpayers would be first loaning the money and then guaranteeing to themselves that the money would be repaid. Why should taxpayers take a risk private investment firms are not willing to accept?  

The Congressional Budget Office (CBO) estimates the likelihood of default for loans made to nuclear reactor developers to be “well above 50 percent.” These risks are intensified by nuclear power’s enormous capital costs and long lead times. Estimates of construction costs for nuclear reactors have more than tripled just since early 2006. According to an October 2008 report by the credit rating agency Standard & Poor’s, the costs continue to “soar” due to production bottlenecks, increasing costs of materials, and lack of trained workers and utility construction experience. The showcase reactor under construction in Finland is already three years behind schedule and more than 50 percent over budget.   

Reprocessing is an expensive and polluting process and poses a significant proliferation risk. DOE already has received $145 million in reprocessing R&D funding in the FY2009 Omnibus package, which is more than double what the program received as recently as FY2004 ($66 million).  Amid growing criticism of the process, DOE has scaled back its reprocessing plans, including deciding not to site a new R&D facility.  In addition, the Obama administration has announced that it will undertake a re-evaluation of radioactive waste policy. It would be premature, at best, to fund controversial radioactive waste programs before this re-evaluation is complete. Congress should provide no funding for reprocessing.  

It is unacceptable to ask taxpayers to shoulder the costs and risks of these technologies when alternatives exist that are faster, cleaner and more cost-effective at meeting our energy needs and addressing the climate crisis.  Thank you for your support on this issue.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

ACT TODAY TO STOP MORE TAXPAYER LOAN GUARANTEES FOR NEW REACTORS AND DIRTY, DANGEROUS REPROCESSING PROGRAMS
http://org2.democracyinaction.org/o/5502/t/4100/campaign.jsp?campaign_KEY=1408     

avatar of the starter
Ani L. SchwartzPetition StarterINDEPENDENT CERTIFIED GENIUS; triple Sagittarius VersatileViolinist; ViolaDoubles; BFA, MFA: California Institute of the Arts Big Mouth but know how to Listen; Have a reputation for "thinking like Schwartz" (as a fellow blogger put it). One of my main "religions" is Daoism, the I Ching is one of my "bibles"; Music, Jungian Psychology, Dreams, Life, Synchronicity are some of my others which are all interwoven with each other. Serendipity Rules!!!! Pay Attention to it and you will SEE.

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Petition created on April 24, 2009