POWER POLITICS: Is the proposed clean energy agency a dirty deal for taxpayers and the environment?
U.S. lawmakers are considering legislation that would create a new independent federal agency to promote government investment in clean energy.
But watchdogs are raising questions about whether the way the proposed agency is structured is unfair to taxpayers and bad for the environment. Among their concerns are its bias toward nuclear power -- a critical issue for the South, which is at the center of the nuclear industry's planned revival.
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I find it interesting that critics of energy reform cite costs of a carbon tax, but are all for giving money to coal for unproven technology such as carbon sequestration and to coal and nuclear for coal-to-liquid and construction of new nuclear plants, in which private investors have proved unwilling to invest due--questioning their cost v.s. benefits.