December 10, 2009

Kerry, Lieberman, Graham: Climate Bill Will Include Nuclear Incentives

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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. 

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THE FACTS SPEAK FOR THEMSELVES.

At least we hope they will, because that’s our approach to raising the $350,000 in online donations we need right now—during our high-stakes December fundraising push.

It’s the most important month of the year for our fundraising, with upward of 15 percent of our annual online total coming in during the final week—and there’s a lot to say about why Mother Jones’ journalism, and thus hitting that big number, matters tremendously right now.

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