President Obama announces more than $8 billion in loan guarantees for two new nuclear reactors as part of the Administration commitment to providing clean energy and creating new jobs.\n\nHere is an excerpt from his presentation...\n\n....World competitors are racing to create jobs and command growing energy industries. And nuclear energy is no exception. Japan and France have long invested heavily in this industry. Meanwhile, there are 56 nuclear reactors under construction around the world ... 21 in China, 6 in South Korea, 5 in India, and others. And the commitment of these countries is not just generating the jobs in those plants, it is generating demand for expertise and new technologies. \n\nSo make no mistake .. whether it is nuclear energy, or solar or wind energy, if we fail to invest in the technologies of tomorrow, then we are going to be importing those technologies instead of exporting them. We will fall behind. Jobs will be produced overseas, instead of here in the U.S. And that is not a future that I accept.\n\nNow, I know it has been long assumed that those who champion the environment are opposed to nuclear power. But the fact is, even though we have not broken ground on a new nuclear power plant in 30 years, nuclear energy remains our largest source of fuel that produces no carbon emissions. To meet our growing energy needs and prevent the worst consequences of climate change, we will need to increase our supply of nuclear power. It is that simple. This one plant, for example, will cut carbon pollution by 16 million tons of burned coal. That is like taking 3.5 million cars off the road.\n\nOn the other side, there are those who have long advocated for nuclear power, including many Republicans, who have to recognize that we are not going to achieve a big boost in nuclear capacity unless we also create a system of incentives to make clean energy profitable. That is not just my personal conclusion, it is the conclusion of many people who know.\n\n
Resource Portal for I2M Clients, Associates, and Geoscientists
Managed & Built by I2M Consulting, LLC | © 2010-
Managed & Built by I2M Consulting, LLC | © 2010-