The Homa Files

Factoid: 79% of France’s electricity is nuclear generated.

* * * * *
Excerpted from WSJ, “The Carbon Cap Dilemma”, March 28, 2009

On the one hand, environmentalists claim that climate change is a “planetary emergency,” perhaps the greatest threat ever to face humanity. On the other, nuclear energy is still verboten in the green catechism — despite the fact that it provides roughly one-fifth of U.S. electricity, all of it free of carbon emissions. Without more nuclear power, it is nearly impossible to see even the glimmers of any low-emission future.

* * * * *
A lot of companies stand to make a bundle off cap and trade.

Ironically, the nuclear industry stands to benefit as much as any “green” business from a carbon crackdown.

So, if Congress does create cap and trade, expect the next populist outcry to be for a windfall profits tax on nuclear.

* * * * *
Ken’s Take: … and don’t expect any more nuclear power plants to be brought on line.

* * * * *
Full article:
http://online.wsj.com/article/SB123819777143661833.html#articleTabs%3Darticle

* * * * *
Want more from the Homa Files?
     Click link =>  The Homa Files Blog

This entry was posted on April 1, 2009 at 7:45 am and is filed under Cap & Trade, Energy, Environment - Green, Oil & Energy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.