Tell the Department of Energy: No Bailout for the Nuclear Industry

Any day, the Department of Energy could distribute $18.5 billion in taxpayer-backed loan guarantees to nuclear power projects in Georgia, Maryland, South Carolina and Texas.  The loan guarantees commit taxpayers to bailing out the projects if they fail.  According to a Congressional Budget Office (CBO) report, the risk of default on loan guarantees for new nuclear plants is “very high – well above 50 percent.”

 

Enough is enough. Tell the Department of Energy not to issue any taxpayer-backed loan guarantees for nuclear power.  It’s time to invest in renewable energy development and energy efficiency, not dirty and risky nuclear power.  Please feel free to edit this letter to reflect your own concerns.


July 18, 2018

Subject:





Dear Mr. Frantz


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