Oppose $36 Billion in Loan Guarantees for New Reactors

The amount of devastation in Japan is truly staggering.  The massive earthquake of March 11 was followed by a tsunami and a nuclear crisis at the Fukushima-Daiichi reactors. Radiation has been released as a result of at least three partial meltdowns, explosions, and fires. Increased radiation levels have been found in milk, at least 11 types of produce, and water as far away as Tokyo.

Despite the fact that the disaster at the Fukushima nuclear plant in Japan is still unfolding, President Obama has already twice announced that he intends to continue support for building new reactors in the United States.  He has not backed down from his Fiscal Year 2012 request for another $36 billion in loan guarantees for new reactors.  This would be on top of the $18.5 billion already authorized.

Loan guarantees for new reactors were costly and economically risky even before the Japanese crisis. This accident reminds us once again that they are also a threat to human health.  Loan guarantees would shift these enormous risks onto the taxpayer. 

Tell President Obama that you oppose risky loan guarantees for new reactors!