Ralph Nader is speaking out on the nuclear issue in the USA and he’ll be in Regina to talk about NAFTA and Corporatism on September 19 at 7:30 pm in Ed Aud.
From Common Dreams:
Taxpayers alert! The atomic power corporations are beating on the doors in Washington to make you guarantee their financing for more giant nuclear plants. They are pouring money and applying political muscle to Congress for up to $50 billion in loan guarantees, to persuade an uninterested Wall Street that Uncle Sam will pay for any defaults on industry construction loans.
Since 1974, there has not been a filled order for a nuclear power plant. Following the Three Mile Island near-melt down, many spills and shutdowns, then the Chernobyl disaster in Ukraine, the electric utility bosses found a negative Wall Street and a protesting public in their communities too much to overcome. They dropped nuclear power like it was a radioactive hot potato.
It was just too financially risky, bogged down with delays and cost over-runs, with too many spent fuel rods filling pools at the plants because no permanent storage sites for deadly radioactive wastes had been certified. Big time financing also dried up. Finally, risks of sabotage and nuclear proliferation became prominent national security problems in the post-9/11 era.
But the atomic power industry does not give up. Not as long as Uncle Sam can be dragooned to be its subsidizing, immunizing partner. Ever since the first of over 100 plants opened in 1957, corporate socialism has fed this insatiable Atomic goliath with many types of subsidies
Still, it’s tough to have to admit that after over half a century, this coddled industry still can not pursue its capitalist path into the market standing on its own feet.
So for years, the Nuclear Energy Institute, mouthpiece for the industry, dangled new, smaller, allegedly less risky (on paper, at least) designs as a way back.
Then the big break came-global warming fed by the burning of coal, oil and gas. Violá, atomic energy, its proponents declared, produces no greenhouse gases (apart from massive coal fuel emissions to enrich the uranium). “Nuclear power can be the answer.” This became the hyped theme for millions of dollars in advertisements and propaganda reports.
And they’ll be lining up at the trough in Canada, too.