John McCain: Nuclear Plans
Sen. McCain's Nuclear Plan: An Economic and Environmental Disaster
10/14/2008
Summary
Sen. John McCain has repeatedly called for building 45 new nuclear
reactors by 2030, with the ultimate goal of 100 new plants. The plan
would be extremely costly to taxpayers, presents significant risk for
the economy and the public, and does little to solve America’s energy
problems.
McCain’s radical expansion of nuclear power would have major
consequences for America that his campaign has either not disclosed or
not considered, even though nuclear power is constantly referenced as
one of the centerpieces of the McCain energy policy.
A $280 billion cost to taxpayers: Nuclear plants are enormously
expensive. The cost of 45 reactors is likely to be at least $315
billion, while 100 reactors would cost at least $700 billion. Under
Sen. McCain’s plan, taxpayers are estimated to be on the hook for $126
billion to $280 billion in failed nuclear loans.
A job creation fantasy: New nuclear power plants would create, at
best, one- fourth as many jobs as Sen. McCain claimed during the second
presidential debate, costing taxpayers as much as $19 million for each
job created.
Fails to take advantage of cleaner, cheaper alternatives: Clean
energy technologies such as energy-efficient products and wind and
solar power can deliver more energy much sooner than building new
nuclear power plants, and create more jobs at a lower cost to
taxpayers—without the risks. John McCain has consistently failed to
support those lower cost alternatives, and his costly nuclear plan
would continue to keep better alternatives underfunded and at the back
of the line.
It’s clear that Sen. McCain’s nuclear proposal would be an economic
disaster. It would also risk environmental disaster by creating enough
waste to fill a second Yucca Mountain-sized dump and dramatically
increasing the amount of nuclear waste transported on our roads and
rails. Finally, Sen. McCain’s plan would do nothing to deal with our
current energy crisis because no new power would be generated until at
least 2019.
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