Five years after loan guarantees were formally introduced to American energy policy, President Obama finally utilized the tool to expand America's nuclear infrastructure.
From the President's remarksto the IBEW Local 26 in Lanham, MD
Now, I know it has long been assumed that those who champion the environment are opposed to nuclear power. But the fact is, even though we have not broken ground on a new nuclear power plant in nearly thirty years, nuclear energy remains our largest source of fuel that produces no carbon emissions. To meet our growing energy needs and prevent the worst consequences of climate change, we’ll need to increase our supply of nuclear power. It’s that simple. This one plant, for example, will cut carbon pollution by 16 million tons each year when compared to a similar coal plant. That’s like taking 3.5 million cars off the road.
New Jersey, like America, cannot meet its carbon reduction goals without a strong nuclear segment.
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