Biden administration to subsidise nuclear reactors on the pretext of stopping climate change?
An activist group slammed the of tax credits for aging plants saying it would slow deployment of renewable energy like wind and solar power. “A nuclear bailout is wrong for taxpayers, wrong for ratepayers, and wrong for the climate,” said Lukas Ross, program manager at Friends of the Earth.
U.S. eyes nuclear reactor tax credit to meet climate goals -sources, Reuters, Timothy GardnerJarrett Renshaw , 4 May 21, The White House has signaled privately to lawmakers and stakeholders in recent weeks that it supports taxpayer subsidies to keep nuclear facilities from closing and making it harder to meet U.S. climate goals, three sources familiar with the discussions told Reuters.
Workers install solar panels on a California home last year.
Every year, the industry-backed Solar Foundation puts out a job census based on surveys of companies manufacturing, selling and installing photovoltaic panels across the country. For the past several years, the annual report has excluded how many solar workers belong to unions.
“The last time we were tracking union labor, it was something like 3% of the overall workforce,” Ed Gilliland, the foundation’s senior director, told HuffPost in 2019. “It was a small number. We think it’s probably still pretty small.”
So when the group compiled its survey results this year, Gilliland reached a surprising conclusion: More than 10% of the industry had now unionized.
Biden wants the U.S. power industry to be emissions free by 2035. He is also asking Congress to extend or create tax credits aimed at wind, solar and battery manufacturing as part of his $2.3 trillion American Jobs Plan.
Sustainable BusinessWhite House eyes subsidies for nuclear plants to help meet climate targets -sources
Timothy GardnerJarrett Renshaw
4 minute read
The Indian Point Energy Center nuclear power plant, which New York Governor Andrew Cuomo announced will shutdown as planned, is pictured along the eastern shore of the Hudson River in Buchanan, New York, U.S., April 30, 2021. REUTERS/Mike Segar
The White House has signaled privately to lawmakers and stakeholders in recent weeks that it supports taxpayer subsidies to keep existing nuclear facilities from closing, bending to the reality that it needs these plants to meet U.S. climate goals, three sources familiar with the discussions told Reuters.