Massive Nuclear Bailout Removed from Stimulus

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Loan guarantees coveted by nuclear industrys lobbyists removed in conference committee

Washington, D.C.Legislative language authorizing up to $50 billion in loan guarantees for the nuclear industry was stripped from the economic stimulus package today. Friends of the Earth President Brent Blackwelder had the following response:

This is a huge winfor our planet and for taxpayers who want stimulus funds to be invested wisely. The bailout in question would have thrilled nuclear industry lobbyists but done virtually nothing to stimulate the economy. Taxpayers shouldnt have to foot the bill for the nuclear industrys failures. Congressional leaders did the right thing and prevented waste by removing this bailout.

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Amigos de la Tierra (www.foe.orgFriends of the Earth (Amigos de la Tierra) es la voz estadounidense de la mayor red ambientalista de base del mundo, con grupos miembros en 77 países. Desde 1969, Friends of the Earth lucha por crear un mundo más sano y justo.