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| Economy |
| Obama Administration Kills Nuke, but is "Surprised" |
| 2010-10-09 |
| Obviously, that was not the title of the article in the WaPo. Constellation Energy spokesman Larry McDonnell said that the administration's loan guarantee terms were "unworkable" and that Constellation had told the Energy Department "we can't move forward." Obama administration officials said that they had proposed terms consistent with their fiduciary duty. "We want to see this industry go forward, but we also have a duty to protect the taxpayers' money," one senior administration official said. We want to go forward, but only if it costs so much no one will ever build it. She said that the Calvert Cliffs reactor was "of monumental importance to Maryland" and would have generated 4,000 new jobs. Jobs and low-cost reliable energy. Who needs that? Separately, administration officials said they had approved a $1.06 billion loan guarantee for an Oregon wind farm, the world's largest, after project developers waged a vigorous lobbying campaign to bring the year-long application process to a conclusion. Now wind farms, that's something Obama can get behind! The wind project, known as Shepherds Flat, will provide 400 jobs, 845 megawatts of power and avoid emissions of 1.2 million tons of carbon annually. So the nuke offered ten times the jobs, with five or ten times the power, meaning five-to-ten times as much carbon saved. And no harm to migratory birds, either! |
| Posted by:Bobby |
| #5 Since when did this administration start worrying about the protecting the taxpayers' money? |
| Posted by: Deacon Blues 2010-10-09 19:21 |
| #4 We need to seriously weed out the political class and keep weeding it out. |
| Posted by: JohnQC 2010-10-09 18:44 |
| #3 Our government is not serious about ANYTHING. It exist to pay off political allies and unions, thats it. |
| Posted by: newc 2010-10-09 18:02 |
| #2 Our government is still not serious about energy independence. |
| Posted by: JohnQC 2010-10-09 16:43 |
| #1 The Calvert Cliffs reactor would have powered Maryland and the BosWash Corridor. The one in Oregon, not so much. Poetic justice, anyone? |
| Posted by: Thing From Snowy Mountain 2010-10-09 15:04 |