Move over wind and solar?
In an editorial entitled “The Solyndra Mess“, the New York Times writes:
… Nor have the Republicans succeeded in showing President Obama’s green energy strategy to be a flop. About 40 projects have received loans under a clean energy program authorized by Congress in 2005 and incorporated in the Obama administration’s 2009 stimulus package. Only two have failed, Solyndra and Beacon Power, a battery company in upstate New York that borrowed $39 million. These defaults represent just 1.3 percent of the $37.6 billion loan portfolio. The biggest bet to date is an $8.33 billion loan guarantee for a nuclear plant in Georgia… [Emphasis added]
Nuclear is part of Obama’s green energy strategy? Is that why he tried shut down the Yucca Mountain nuke waste storage project?
While we hope the New York Times is sincere, this is most likely a convenient and disposable assertion made in hopes of making the DOE loan program look promising — not one made to encourage nuclear power.