Skip to main content

"Unless you have a lot of nuclear power plants."

By
Sen. John McCain
This might qualify as a discussable point, from a Time Magazine discussion with Sen. John McCain (R-Ariz.):
Q. You used to be very engaged on the issue of climate change?I’m still interested in it. And I think there are a lot of things that we can do like this transition that we’re making to natural gas thanks to our resources and I still believe in nuclear power as one of the big parts of the answers, and that’s almost impossible to get. And I think we need to address greenhouse gas emissions. But I try to get involved in issues were I see a legislative result… But there’s going to be no movement in the Congress of the United States certainly this year and probably next year. So I just leave the issue alone because I don’t see a way through it, and there are certain fundamentals, for example nuke power, that people on the left will never agree with me on. So why should I waste my time when I know the people on the left are going to reject nuclear power? I don’t believe that you can really succeed in reducing greenhouse gases unless you have a lot of nuclear power plants. They’re against them. Well, okay, I move on to other issues.
That's all there is to it. I vaguely remembered what might have motivated McCain's view, though this is an exceptionally blunt expression of it. David Corn discusses this (very much from the left) in Mother Jones. This is about McCain working with Sen. Joe Lieberman (I-Conn.) and environmental groups on a new version of the McCain-Lieberman climate change bill, the first version of which had narrowly been voted down in 2008:
McCain had long been an advocate of nuclear power. "He feels strongly that nuclear power will be one of the keys to reducing emissions," says Heather Wicke, who was his environmental legislative aide at the time. But environmentalists who had worked with McCain and Lieberman on the first bill were stunned. In one meeting, lobbyists for environmental groups attempted to persuade McCain not to attach nuclear subsidies to the legislation, arguing that doing so would weaken support for the bill. 
The second attempt failed, too, and a third attempt went nowhere. Corn blames this on the nuclear provisions. Maybe, but a similar bill without those provisions also failed. Maybe the moment for this legislation crested with that first attempt and then passed. It could return - maybe through McCain's office, maybe not - but the bottom line is, McCain is right: "I don’t believe that you can really succeed in reducing greenhouse gases unless you have a lot of nuclear power plants." Well, you can define "a lot" however you like, but right is right.

Labels

Labels:

Comments

Mitch said…
A very poor champion for pushing nuclear power. Isn't there anyone else with more regard stomping for nukes out there??
March 4, 2014 at 5:56 AM
Post a Comment

Popular posts from this blog

Wednesday Update

By
From NEI’s Japan micro-site: NRC, Industry Concur on Many Post-Fukushima Actions Industry/Regulatory/Political Issues • There is a “great deal of alignment” between the U.S. Nuclear Regulatory Commission and the industry on initial steps to take at America’s nuclear energy facilities in response to the nuclear accident in Japan, Charles Pardee, the chief operating officer of Exelon Generation Co., said at an agency briefing today. The briefing gave stakeholders an opportunity to discuss staff recommendations for near-term actions the agency may take at U.S. facilities. PowerPoint slides from the meeting are on the NRC website. • The International Atomic Energy Agency board has approved a plan that calls for inspectors to evaluate reactor safety at nuclear energy facilities every three years. Governments may opt out of having their country’s facilities inspected. Also approved were plans to maintain a rapid response team of experts ready to assist facility operators recoverin...
Post a Comment
Read more

Fluor Invests in NuScale

By
You know, it’s kind of sad that no one is willing to invest in nuclear energy anymore. Wait, what? NuScale Power celebrated the news of its company-saving $30 million investment from Fluor Corp. Thursday morning with a press conference in Washington, D.C. Fluor is a design, engineering and construction company involved with some 20 plants in the 70s and 80s, but it has not held interest in a nuclear energy company until now. Fluor, which has deep roots in the nuclear industry, is betting big on small-scale nuclear energy with its NuScale investment. "It's become a serious contender in the last decade or so," John Hopkins, [Fluor’s group president in charge of new ventures], said. And that brings us to NuScale, which had run into some dark days – maybe not as dark as, say, Solyndra, but dire enough : Earlier this year, the Securities Exchange Commission filed an action against NuScale's lead investor, The Michael Kenwood Group. The firm "misap...
1 comment
Read more

Nuclear Utility Moves Up in Credit Ratings, Bank is "Comfortable with Nuclear Strategy"

By
Some positive signs that nuclear utilities can continue to receive positive ratings even while they finance new nuclear plants for the first time in decades: Wells Fargo upgrades SCANA to Outperform from Market Perform Wells analyst says, "YTD, SCG shares have underperformed the Regulated Electrics (total return +2% vs. +9%). Shares trade at 11.3X our 10E EPS, a modest discount to the peer group median of 11.8X. We view the valuation as attractive given a comparatively constructive regulatory environment and potential for above-average long-term EPS growth prospects ... Comfortable with Nuclear Strategy. SCG plans to participate in the development of two regulated nuclear units at a cost of $6.3B, raising legitimate concerns regarding financing and construction. We have carefully considered the risks and are comfortable with SCG’s strategy based on a highly constructive political & regulatory environment, manageable financing needs stretched out over 10 years, strong partners...
Post a Comment
Read more