"Clean Energy" Bank Bill would enable unlimited taxpayer funding of new nuclear reactors

SENATE ENERGY COMMITTEE TO CONSIDER “CLEAN ENERGY” BANK BILL MAY 26, 2011

ACT NOW TO BLOCK “CEDA”!

The Senate Energy Committee is scheduled to consider today–May 26, 2011–a bill establishing a new “clean energy” bank called the Clean Energy Development Administration (CEDA).

Unfortunately, this “clean energy” bank is anything but a source for funding genuinely clean energy. In fact, both new nuclear reactors and certain coal projects would be eligible for unlimited taxpayer backed loans if this bank were to be realized.

Take action now: tell your Senators to reject CEDA unless nuclear power and coal are removed.

Please act quickly and tell your Senators–especially if they are on the Energy Committee (members listed below)–to reject CEDA as currently written. There is nothing “clean” about nuclear power and they have a 50% default rate on financing for new plants.  A glance at any photo of Fukushima should make it clear that “clean” can no longer be considered a way to describe nuclear power. Unless nuclear power and dirty coal are taken out of the CEDA program, it should be defeated.

If one of your Senators is on the Energy Committee (members listed below), please also call him/her today and urge him/her to reject CEDA unless nuclear and coal are removed from the program. Senate switchboard: 202-224-3121.

Senate Energy Committee

Democrats:    

Chairman Jeff Bingaman (NM)

Ron Wyden (OR)

Tim Johnson (SD)

Mary L. Landrieu (LA)

Maria Cantwell (WA)

Bernard Sanders (I) (VT)

Debbie Stabenow (MI)

Mark Udall (CO)

Jeanne Shaheen (NH)

Al Franken (MN)

Joe Manchin (WV)

Christopher A. Coons (DE)

   

Republicans:

Lisa Murkowski (AK)

John Barrasso (WY)

James E. Risch (ID)

Mike Lee (UT)

Rand Paul (KY)

Daniel Coats (IN)

Rob Portman (OH)

John Hoeven (ND)

Dean Heller (NV)

Bob Corker (TN)