Kerry, Lieberman, Graham: Climate Bill Will Include Nuclear Incentives
Senators John Kerry, Joe Lieberman, and Lindsey Graham are holding a press call right now to discuss their tri-partisan effort to build support for a Senate climate bill. During the call, which AP_ClimatePool is live tweeting, the senators said that the bill will include incentives for building nuclear power plants. As Mariah Blake reports for the upcoming issue of Mother Jones, what the nuclear industry really wants is for the federal government to underwrite new construction of new reactors that Wall Street has deemed too financially risky. (And when Wall Street thinks an investment is too risky, that should make you very nervous.) Now, it looks like the industry may just get its wish: According to AP's feed, one of the senators just said that a bill must include generous government loan guarantees for nuclear plants in order to secure GOP backing. In other words: the price of getting 60 votes for a climate bill could be a major taxpayer bailout of the nuclear industry. Follow the call here and stay tuned for more updates on Senate climate bill.