Skip to main content

US-India 123 Agreement Gains Support

Us-India 123 AgreementWith conversations in DC being dominated by the federal bailout of the financial industry, Indian Prime Minister Manmohan Singh's visit to the White House later this week runs the risk of being overshadowed. The U.S. Chamber of Commerce is taking notice; sending this letter to members of Congress.
The U.S. Chamber of Commerce, the world’s largest business federation representing more than three million businesses of every size, sector and region, strongly supports the U.S.-India 123 Agreement and urges Congress to approve it before the close of the 110th Congress. The U.S.-India civil nuclear initiative will bring India into the international nuclear nonproliferation mainstream and enhance the safety of India’s civil program. The initiative will also help to revitalize the U.S. nuclear industry and create thousands of high-tech American jobs.

Congress affirmed India’s worthiness as a partner in civil nuclear trade in December 2006 when it passed the “Henry J. Hyde United States India Peaceful Atomic Energy Cooperation Act” by overwhelming bipartisan margins. Since then, sensitive issues relating to nonproliferation have been carefully considered and unanimously resolved by the 35 governors of the IAEA and the 45 member nations of the Nuclear Suppliers Group.

India’s civil nuclear program commenced operation when its first reactor, made by General Electric, began producing nuclear power in 1961. With India’s 34-year nuclear isolation now history, the opportunity for U.S. companies today is tremendous, with an expected 30,000 to 60,000 MWe of new nuclear generating capacity by 2030, representing a potential $150 billion of new investment. If U.S. companies are allowed to compete, a modest share of that business could support 250,000 high-tech American jobs. Moreover, the nuclear business would be a fraction of the broader commercial gain across all sectors after this foundation, established of mutual trust and respect, is laid.

It is crucial that Congress act. French and Russian firms are already working in India, yet U.S. firms cannot engage until Congressional approval of the 123 Agreement.
Congress has a historic opportunity to strengthen the growing partnership between the world’s oldest and largest democracies and support thousands of U.S. jobs in the process. The Chamber strongly urges the House and Senate to approve this historic initiative before the close of the 110th Congress.

Comments

Popular posts from this blog

How Nanomaterials Can Make Nuclear Reactors Safer and More Efficient

The following is a guest post from Matt Wald, senior communications advisor at NEI. Follow Matt on Twitter at @MattLWald.

From the batteries in our cell phones to the clothes on our backs, "nanomaterials" that are designed molecule by molecule are working their way into our economy and our lives. Now there’s some promising work on new materials for nuclear reactors.

Reactors are a tough environment. The sub atomic particles that sustain the chain reaction, neutrons, are great for splitting additional uranium atoms, but not all of them hit a uranium atom; some of them end up in various metal components of the reactor. The metal is usually a crystalline structure, meaning it is as orderly as a ladder or a sheet of graph paper, but the neutrons rearrange the atoms, leaving some infinitesimal voids in the structure and some areas of extra density. The components literally grow, getting longer and thicker. The phenomenon is well understood and designers compensate for it with a …

Missing the Point about Pennsylvania’s Nuclear Plants

A group that includes oil and gas companies in Pennsylvania released a study on Monday that argues that twenty years ago, planners underestimated the value of nuclear plants in the electricity market. According to the group, that means the state should now let the plants close.

Huh?

The question confronting the state now isn’t what the companies that owned the reactors at the time of de-regulation got or didn’t get. It’s not a question of whether they were profitable in the '80s, '90s and '00s. It’s about now. Business works by looking at the present and making projections about the future.

Is losing the nuclear plants what’s best for the state going forward?

Pennsylvania needs clean air. It needs jobs. And it needs protection against over-reliance on a single fuel source.


What the reactors need is recognition of all the value they provide. The electricity market is depressed, and if electricity is treated as a simple commodity, with no regard for its benefit to clean air o…

Why Nuclear Plant Closures Are a Crisis for Small Town USA

Nuclear plants occupy an unusual spot in the towns where they operate: integral but so much in the background that they may seem almost invisible. But when they close, it can be like the earth shifting underfoot.

Lohud.com, the Gannett newspaper that covers the Lower Hudson Valley in New York, took a look around at the experience of towns where reactors have closed, because the Indian Point reactors in Buchanan are scheduled to be shut down under an agreement with Gov. Mario Cuomo.


From sea to shining sea, it was dismal. It wasn’t just the plant employees who were hurt. The losses of hundreds of jobs, tens of millions of dollars in payrolls and millions in property taxes depressed whole towns and surrounding areas. For example:

Vernon, Vermont, home to Vermont Yankee for more than 40 years, had to cut its municipal budget in half. The town closed its police department and let the county take over; the youth sports teams lost their volunteer coaches, and Vernon Elementary School lost th…