Obama’s Atomic Solyndra (Counter Punch)
April 18, 2012
By Harvey Wasserman
The future of nuclear power now hangs on a single decision by President Obama—and us.
His Office of Management and Budget could cave to the unsustainable demands of reactor builders who cannot handle the standard terms of a loan agreement.
Or he could defend basic financial procedures and stand up for the future of the American economy.
You can help make this decision, which will come soon.
It’s about a proposed $8.33 billion nuke power loan guarantee package for two reactors being built at Georgia’s Vogtle. Obama anointed it last year for the Southern Company, parent to Georgia Power. Two other reactors sporadically operate there. Southern just ravaged the new construction side of the site, stripping virtually all vegetation.
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Tags: Energy, Nuclear Power, Sustainable Energy