Lovins On The Financial Folly Of Nuclear Power

In “Nuclear Socialism”, once again Rocky Mountain Institute founder Amory Lovins outlines the continuing and increasing financial folly of the nuclear power industry.  This prolific clean energy pioneer, whose realm of work is generally considered the favored domain of the political left, is once again reaching across traditional political divides to make the free market economic case against the continuing irrational subsidies for nuclear power, this time in The Weekly Standard.

The financial case against nuclear power is so strong that Lovins doesn’t need to discuss the arguments of safety, waste disposal, environmental hazards, national security, terrorism and other negative implications that are all inextricably tied to the nuclear power industry. He didn’t even address the Price Anderson Act, the unique federal legislation that relieves those in the nuclear power industry of the need to cover their own liability through insurance the way every other business in America does. His article also skips the obvious and undeniable ties between excuses justifying “civilian nuclear power” and the ever increasing risks of nuclear weapons proliferation in places like Pakistan, North Korea and Iran.

Lovins is one of the most informed and interesting thinkers in the world on innovative and cost effective energy technology and energy policy. He has been central in helping to transform the thinking and energy related policies, practices and investments of major organizations like Ford, Wal-Mart and the Pentagon. He is the author of “Winning the Oil End Game”, “Natural Capitalism”, “Soft Energy Paths” and “Small is Profitable”, which have helped reshape thinking about business, economics and efficiency in the manufacturing, transportation and energy sectors, as well as in government.

For decades Lovins has highlighted both the financial folly and huge completely unnecessary risks to society inherent in the nuclear power industry.  He has repeatedly made the clear business case that continuing subsidies for nuclear power and risks are completely unnecessary, unwarranted and unjustifiable.

And for decades, nuclear power has been a poster child for corrupt corporate welfare. Yet it continues to garner strong bipartisan support in congress. If there was ever a solid argument for campaign finance reform, a prime candidate is the continuing and increasing subsidies for the nuclear industry, which would never exist without decades of massive socialist handouts.

Its great to see the Weekly Standard publishing articles like this. Hopefully other politically conservative organizations will start aligning their rhetoric with the realities of nuclear power. And hopefully the liberals and blindly naive “environmentalists” who think nuclear materials proliferation is an acceptable solution climate concerns will also start waking up to reality.

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Filed under Climate Policy, Economic Policy, Energy Policy, Environmentalism, Politics

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