News Release

$544 Billion in Subsidies for Nuclear Industry

KARL GROSSMAN
Grossman just wrote the piece “Half-Trillion Dollars for Nukes!” which states: “With Wall Street unwilling to finance new nuclear plants, U.S. Senators Joseph Lieberman of Connecticut and John Warner of Virginia have cooked up a scheme to provide $544 billion — yes, with a ‘b’ — in subsidies for new nuclear power plant development.

“Their move will be debated on the floor of the Senate Tuesday, June 3.

“A Lieberman aide describes the plan as ‘the most historic incentive for nuclear in the history of the United States.’

“The Lieberman-Warner scheme is cloaked in a climate change bill — the claim being that nuclear power plants don’t emit greenhouse gases and thus don’t contribute to global warming. However, the overall ‘nuclear cycle’ — which includes mining, milling, fuel enrichment and fabrication, and reprocessing — has significant greenhouse gas emissions that do contribute to global warming.”

Grossman is a professor of journalism at the State University of New York/College at Old Westbury, author of several books on nuclear technology and host of the nationally syndicated TV program Enviro Close-Up.
More Information

For more information, contact at the Institute for Public Accuracy:
Sam Husseini, (202) 347-0020; or David Zupan, (541) 484-9167