CEDA

Senate's Clean Energy Deployment Plan: A Nuclear Slush Fund in the Making?

Senate's Clean Energy Deployment Plan: A Nuclear Slush Fund in the Making?

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 the way the proposed agency is structured, and whether it would be 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.

"We support the financing of clean energy technologies to promote the domestic development and deployment of technologies that will reduce greenhouse gas emissions in the most efficient, environmentally sound manner possible," stated a recent letter to lawmakers signed by 17 environmental groups.

"However, the proposed Clean Energy Deployment Administration (CEDA) will not achieve these important goals and will in fact, as drafted, pose unnecessary and potentially enormous risks to our environment and to the U.S. taxpayer."

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