Sep 18, 2009

Status of our $30 Billion Nuclear Waste Fund

Yucca Mountain
The world's most controversial mountain

wnnhome.gif... within 30 days of passage the President would have to either confirm that Yucca Mountain remains the "preferred choice" for high-level radioactive material disposal or begin to rebate "all funds currently in the Nuclear Waste Trust Fund" built up to pay for Yucca.

Nevada's Yucca Mountain was set to be the USA's ultimate disposal site for highly radioactive substances such as used nuclear fuel and military wastes. Companies producing nuclear power paid 0.1 cents per kWh of power generated in the the fund from 1982, with the total reaching a whopping $30 billion. However, the project faced stiff opposition and Obama's February budget ordered the Department of Energy (DoE)to "scale back" work to almost nothing "while the administration devises a new strategy toward nuclear waste disposal."

No such new strategy has been forthcoming, leading to anger among some politicians and commentators over the apparent waste of the $13.5 billion already been spent on the project. "No-one should be required to pay for an empty hole in the Nevada desert," said Graham, adding that Obama's "ill-advised" decision was political and not scientific. He concluded: "It is incumbent on the administration to come up with a disposal plan for this real problem facing our nation."  Read full from WNN

Where is it at now?