Group Statement on DOE nuclear loan guarantees

Guest Blog | December 10, 2009 | Position Statements

SACE and more than a dozen other environmental groups issued a new group statement warning the U.S. Department of Energy to immedialy halt issuance of controversial federal loan guarantees for new nuclear reactors. The Loan Guarantee Program faces fundamental problems that fatally undermine the program’s integrity as it seeks to bail out the nuclear industry, including a lack of control over the prohibitive and uncontrolled cost of new reactors, excessive and unjustified secrecy, an inability to properly secure the loan guarantees, and the risk of backing flawed reactor designs.GroupDOELoanGuaranteeStatement_12.11.2009.pdf