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« These Important Stocks are Trading Like a Financial Crisis Has Begun | Main | Nuclear energy a great economic opportunity for Australia »
Monday
Feb012016

U.S. Senate Wants To Decrease CO2 By Increasing Nuclear Energy

Chart courtesey of u308.biz

Building on the Obama Administration’s recent Nuclear Summit at the White House, the United States Senate made an even bigger statement in favor of new nuclear energy. At the Advanced Nuclear Summit in Washington, D.C. last week, hosted by the Third Way, several U.S. Senators attending the meeting announced the Nuclear Energy Innovation Capabilities Act, S.2461, intended to facilitate the development of advanced nuclear technologies.

The next day, the Senate overwhelmingly approved the legislation in a vote of 87 to 4.

The legislation, introduced by Senators Sheldon Whitehouse (D-RI) and Mike Crapo (R-ID), directs the U.S. Department of Energy to prioritize partnering with private innovators on new reactor technologies and the testing and demonstration of new reactor designs. The measure is cosponsored by Senators Jim Risch (R-ID), Cory Booker (D-NJ), Orrin Hatch (R-UT), Mark Kirk (R-IL) and Dick Durbin (D-IL), an unusually bipartisan group for nuclear energy, signaling a shift in views on nuclear in light of climate change and grid reliability.


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