Critics Decry $12 Billion For Nuclear In Infrastructure Bill https://www.upr.org/post/critics-decry-12-billion-nuclear-infrastructure-bill#stream/0, By ERIC TEGETHOFF • AUG 12, 2021 The U.S. Senate has passed a massive infrastructure bill, and buried within the package is $12 billion for the nuclear industry, but critics said the money would be better spent elsewhere.Half of the money is reserved for nuclear facilities under threat of shutting down…
REPORT: $50B Nuclear Bailout Undermines Climate, Infrastructure Goals foe.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foe.org Daily Mail and Mail on Sunday newspapers.
WASHINGTON– Senator Ben Cardin (D-MD) this morning filed a nuclear bailout amendment to the Clean Energy for America Act, a renewable incentive bill. Senators Bob Casey (D-PA and Sheldon Whitehouse (D-RI) joined as cosponsors, submitting the changes the day of scheduled markup by the Senate Finance Committee.
The amendment would provide a $15 per MWh refundable production tax credit (PTC) for existing merchant reactors. Based on the number of eligible reactors, the estimated cost to taxpayers in lost revenue would be $50.8 billion through 2030. This would make the proposed bailout for existing nukes as expensive as Finance Committee Chairman Ron Wyden’s proposed PTC for the new development of clean renewables .
Published:
6:00 AM April 21, 2021
Appealing for support for Project Food are, from the left: Annabel Kane, Laurie Spencer of Porkies and Sharon Thorne of TRIP
- Credit: Tim Dixon
A major community project to feed struggling households in Honiton is appealing for help.
The initiative, dubbed Project Food, has grown from work that was done to provide food for people whose lives had been hit hard by the corona virus pandemic.
It is born out of an idea by Sharon Thorne, the deputy manager of the Honiton-based TRIP community transport organisation, which works to reduce rural isolation and loneliness in East Devon.