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Congress Should Follow Wall Street’s Lead And Shun New Reactors
Washington DC (SPX) Nov 12, 2009 - If Congress and the states do not follow the lead of Wall Street in declining to underwrite financially risky and uneconomic new nuclear reactors, the resulting taxpayer-backed loan guarantees and other subsidies could pave the way for the same kind of industry-wide meltdown that happened in the 1970s and 1980s, according to a major new study by Dr. Mark Cooper, a senior fellow for economic analysis at the Institute for Energy and the Environment at Vermont Law School.
Nov 12, 2009