For Immediate Release

Organization Profile: 
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Nick Berning, 202-222-0748
Ben Schreiber, 202-222-0752

Massive Nuclear Bailout Removed from Stimulus

Loan guarantees coveted by nuclear industry’s lobbyists removed in conference committee

WASHINGTON - Legislative language authorizing up to $50 billion in loan
guarantees for the nuclear industry was stripped from the economic
stimulus package today. Friends of the Earth President Brent
Blackwelder had the following response:

“This is a huge win—for our planet and for taxpayers who want
stimulus funds to be invested wisely. The bailout in question would
have thrilled nuclear industry lobbyists but done virtually nothing to
stimulate the economy. Taxpayers shouldn’t have to foot the bill for
the nuclear industry’s failures. Congressional leaders did the right
thing and prevented waste by removing this bailout.”

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