Kerry, Lieberman, Graham: Climate Bill Will Include Nuclear Incentives

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Senators John Kerry, Joe Lieberman, and Lindsey Graham are holding a press call right now to discuss their tri-partisan effort to build support for a Senate climate bill. During the call, which AP_ClimatePool is live tweeting, the senators said that the bill will include incentives for building nuclear power plants. As Mariah Blake reports for the upcoming issue of Mother Jones, what the nuclear industry really wants is for the federal government to underwrite new construction of new reactors that Wall Street has deemed too financially risky. (And when Wall Street thinks an investment is too risky, that should make you very nervous.) Now, it looks like the industry may just get its wish: According to AP’s feed, one of the senators just said that a bill must include generous government loan guarantees for nuclear plants in order to secure GOP backing. In other words: the price of getting 60 votes for a climate bill could be a major taxpayer bailout of the nuclear industry. Follow the call here and stay tuned for more updates on Senate climate bill. 

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Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

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