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Stop a $54 Billion Taxpayer Bailout of Rich Nuclear Utilities--Sign Below

The nuclear power industry is composed of giant, often multinational corporations like General Electric, Electricite de France, Westinghouse, Exelon, Duke Energy, Progress Energy, Areva and more. Despite their wealth, they want taxpayer money to build a new generation of radioactive nuclear reactors. Why? Because nuclear power is so expensive and so risky that even these well-off companies can't borrow construction money from private investors.

In 2007, Congress approved $18.5 Billion in taxpayer "loan guarantees" for new reactor construction. In February 2010, President Obama approved the first "guarantee" under this program: for $8.3 Billion to build two new reactors in Georgia.

But these aren't just "loan guarantees." The money is coming directly from taxpayers, through a little-known government agency called the Federal Financing Bank. Under this new kind of nuclear socialism, taxpayers would pay to build nuclear reactors. If the project succeeds, the nuclear companies will receive all the profits. If the project fails, taxpayers will pay the costs. And the Congressional Budget Office has predicted that 50% or more of these projects will fail.

President Obama has now proposed nearly tripling the "loan guarantee" program to $54 Billion! But Congress has to approve this proposal. Don't let him get away with it.

Act fast: Please sign the petition and ask your friends and family to sign too. We will present the petition and signatures to Congress before any vote on this issue.

We are also encouraging signatures on paper (we'll add all signatures received to the list). You can download a .pdf of this petition here. Post it a local co-op, cafe, or other gathering place. Bring it to your next meeting, conference, etc. Have a small gathering at your home. Let's get to 10,000 signatures!

Dear Members of Congress:

Please act to prevent a taxpayer bailout of the already-wealthy nuclear power industry. Specifically, please reject President Obama's proposal to triple the "loan guarantee" program for construction of new nuclear reactors to $54 Billion.

Nuclear reactors remain dangerous, dirty, and uneconomic. Many reactors are leaking carcinogenic tritium and other toxic elements into our water and air. Radioactive waste remains a lethal problem without a solution. Spending taxpayer dollars on nuclear power diverts our limited resources away from energy technologies like wind, solar, and energy efficiency that can provide real energy independence and national security, and can address our climate crisis faster, safer, cheaper and cleaner than can nuclear power.
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This petition has a goal of 10000 signatures
1-25 of 6882 signatures
Number Date Name Location
6882 Mon Jun 28 21:14:50 EDT 2010 Nora Lachance Clayton, NY
6881 Mon Jun 28 14:56:23 EDT 2010 Kenneth R. Moore Sr. Owings, MD 205 -->204Lethal!! from beginning, hazardous in so many ways without safe-end and we're to use tax-paper funding! Our we crazy and stupid! Please put our effort and other resources into developing and going "GREEN"
6880 Mon Jun 28 10:16:02 EDT 2010 Betsy Glassman Litchfield, CT
6879 Sun Jun 27 21:14:38 EDT 2010 Anonymous Atlanta, GA
6878 Sun Jun 27 20:57:59 EDT 2010 Sandra Lane Boulder, CO
6877 Sun Jun 27 14:20:14 EDT 2010 Julie Dornbush Phoenix, AZ
6876 Sat Jun 26 20:09:17 EDT 2010 Leo Keightley Waltham, MA
6875 Sat Jun 26 16:34:14 EDT 2010 Peter Kuttner Oak Park, IL
6874 Fri Jun 25 21:34:47 EDT 2010 Cynthia Dewey Wyoming, MI
6873 Fri Jun 25 16:23:13 EDT 2010 Victor Lau Regina, SK Eliminate Nuclear Power!

End Poverty Now!

www.livableincome.org
6872 Fri Jun 25 13:44:51 EDT 2010 Debra Monte Saratoga Springs`, NY
6871 Fri Jun 25 12:44:34 EDT 2010 Anonymous Santa Ana, CA
6870 Fri Jun 25 12:06:23 EDT 2010 Jack Witt Crestline, CA
6869 Thu Jun 24 23:46:16 EDT 2010 Robert Jacobs Skokie, IL
6868 Thu Jun 24 18:18:18 EDT 2010 marsha missall chico, CA
6867 Thu Jun 24 18:04:04 EDT 2010 ann roos Inez, TX SOLAR POWER AND WIND POWER NOW!
6866 Thu Jun 24 17:54:41 EDT 2010 Mary Crenson Baltimore, MD
6865 Thu Jun 24 17:27:38 EDT 2010 Anonymous Niceville, FL
6864 Thu Jun 24 16:03:42 EDT 2010 June Brashares Sebastopol, CA
6863 Thu Jun 24 15:00:11 EDT 2010 Robin Rhatigan Cary , NC
6862 Thu Jun 24 14:57:22 EDT 2010 ANNETTE GUIDRY Boise, ID Please don,t allow funding for an industry that carries an een greater risk to people than oil driilling! FUND 5AFE ENERGY NOT NUCLEAR WINTERS!
6861 Thu Jun 24 13:13:19 EDT 2010 Joann Strand Detroit Lakes, MN
6860 Thu Jun 24 09:50:40 EDT 2010 Dr. Wayne Brown West Orange, NJ
6859 Thu Jun 24 09:20:46 EDT 2010 Andrea Hansen Denison, IA Please invest money in renewable sources of energy, like solar and wind!
6858 Thu Jun 24 08:56:14 EDT 2010 Anne Doherty Teaneck, NJ
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