A two-fer from The Daily Caller:
First - Yucca Mountain is back:
Trump’s Budget Revives Yucca Mountain After Harry Reid And Obama Killed It
President Donald Trump’s budget revives plans to store nuclear waste at Yucca Mountain, Nevada.
The budget “provides $120 million to restart licensing activities for the Yucca Mountain nuclear waste, repository and initiate a robust interim storage program,” according to a budget summary. “These investments would accelerate progress on fulfilling the Federal Government’s obligations to address nuclear waste, enhance national security, and reduce future taxpayer burden.”
Good - Reid and Obama thought they could put a damper on new nuclear plants by eliminating the waste storage. The technology for storing the waste is excellent and Yucca Mountain is about as stable geologically as it gets. The perfect solution.
Second - alt.energy loans
Trump Budget Trashes Obama’s Green Energy Loan Program
President Donald Trump’s budget eliminates a pair of Department of Energy (DOE) green energy loan programs on track to lose taxpayers billions of dollars.
The budget entirely eliminates the Advanced Research Projects Agency-Energy and the Title 17 Innovative Technology Loan Guarantee Program. The DOE used these programs to issue roughly $16 billion in loan guarantees to 26 different projects over the years. Several of the companies that got taxpayer-backed loans went bankrupt.
These green loan programs lost $2.2 billion dollars between 2008 and 2015, according to a Government Accountability Office (GAO) report. As of 2015, the GAO concluded that taxpayers were securing $28 billion in loans for 30 different green energy projects.
Wonderful - this is the program that gave us Solyndra, SunEdison, Sungevity, Aquion Energy, First Solar, SunPower, SolarCity - each one of these was a multi-billion dollar failure and a horrible loss to us taxpayers.
Leave a comment