Council on Competitiveness Commends $8.3 Billion Investment in Nuclear Power

February 16, 2010

President Obama’s Announcement Represents Commitment to Clean Energy Economy

WASHINGTON, Feb. 16 /PRNewswire-USNewswire/ — The Council on Competitiveness applauds President Barack Obama’s announcement today of an $8.3 billion loan guarantee for the first nuclear reactors built in the United States in nearly 30 years. The construction of two new reactors will create thousands of jobs and help America to become more competitive in clean energy technology.

“President Obama’s announcement today is an important step toward building a robust clean energy economy that will create jobs and drive wealth in the United States,” said Council on Competitiveness president and CEO, Deborah L. Wince-Smith. “This is also a critical move away from our dependence on foreign energy sources.”

In late 2009, the Council issued a comprehensive energy policy roadmap, Drive, recommending that Congress support three to five demonstrations of nuclear reactors by 2018. In 2008, the Council also published a 100-day energy action plan, Prioritize, calling for a $200 billion National Clean Energy Bank that would help spur private sector investment in clean energy technology through loan guarantees.

“The Council is pleased with this commitment to ensure that nuclear power remains a key element of a diversified U.S. energy portfolio. However, it must be supported by policy actions that will work together to enhance U.S. energy security, sustainability and competitiveness,” said Wince-Smith.

About the Council on Competitiveness: CEOs, university presidents and labor leaders working to ensure U.S. prosperity.

SOURCE Council on Competitiveness

Source: newswire

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