Try, Try Again: Trump Mulling Taxpayer Bailout of Nuclear Industry

[jpak]

https://www.ewg.org/energy/release/22837/try-try-again-trump-mulling-taxpayer-bailout-nuclear-industry

WASHINGTON – Although previous schemes to bail out the dying nuclear industry fizzled, the Trump administration is at it again. Bloomberg reports that the administration is considering using an obscure Cold War-era law to directly purchase U.S.-mined uranium to restock nuclear power plants.

In an Aug. 18 letter from the Nuclear Energy Institute to White House national security advisor John Bolton and economic advisor Larry Kudlow, the industry trade group called on the administration to use “direct payments to either a U.S. utility or domestic uranium producer for sale of U.S.-origin uranium to a utility.”

The purchases would be authorized under the Defense Production Act, enacted during the Korean War to ensure that U.S. industries have the resources necessary for national defense. The act allows the president to allocate uranium and other materials needed to power and arm submarines, aircraft carriers and warheads.

But experts say there is no military justification for the scheme.

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[Wellstone ruled]

1. Watch what is now happening in

Saudi Arabia and their Enrichment of Uranium for their new Nuke Power Plants. BTW,the Saudi's are kicking off their Wind Power and Solar build out at the same time.