David Kirkpatrick

February 3, 2010

White House promotes nuclear plants

A very necessary — and belated for the Obama administration — move to start to wean the U.S. off foreign petroleum-based energy.

From the link:

President Obama’s proposed 2011 budget could provide a significant boost to the U.S. nuclear power industry, which has been stalled for decades. If approved by Congress, the budget would provide $36 billion in loan guarantees for nuclear power plants, opening the way for around seven new nuclear power plants, depending on the final cost of each. The new guarantees are in addition to $18.5 billion in guarantees provided for in a 2005 energy bill.

The increased support for nuclear power marks a change for the Obama administration, which has opposed similar increases in the past. Some policy experts say it is part of a strategy to win Republican votes for a comprehensive climate and energy bill.