Showing posts with label American Forum. Show all posts
Showing posts with label American Forum. Show all posts

AMERICAN FORUM


By Pam Solo

America is facing a crisis of leadership. We need and deserve a vision and strategy to meet the energy and economic challenges facing the United States.

The latest budget proposal for 2013 illustrates this over and over again. The President summarizes it best as “all of the above” and is a vote for a lot of business as usual and a little clean technology.  The problem of course, is that this one size fits all approach to powering the nation is a recipe for disaster.  By throwing money at “clean coal” technology, nuclear power and fracked natural gas, we waste time, money and risk losing a share in the global market for clean energy technologies.

As an example, even after the recent Japanese nuclear tragedy the conventional wisdom in Washington is that we should invest 770 million dollars researching “advanced small nuclear reactors.”

Each of these reactors will require perfect attention to detail, perfect mechanical functionality, perfect maintenance, and optimal operating conditions, 100% of the time, for decades. At the same time budgets pressures dictate less and less people to run these plants. What could go wrong with that plan? Why proliferate the dangers and the security risks if there are alternatives?

The prevailing sentiment in Washington is that in addition to nuclear power we need natural gas. Natural gas solution is a fossil fuel that requires injecting toxic chemicals and millions of gallons of water into rock formations near water supplies.  Injection wells for waste water have been proven to contribute to earthquake dangers.  This process called “fracking” has a host of negative side-effects, and if Washington gets its way, communities throughout numerous states will host drilling rigs and spend their water budget on fracking natural gas.

Residents in Colorado, Texas, Wyoming, and Pennsylvania are reporting negative health effects from the fracking operations already underway in those states. 

The situation is so bad in one Pennsylvania town that a special pipeline had to be built to bring in drinking water after fracking ruined the local water supply.  The 2013 budget has 12 million dollars assigned to try and research a way to do the fracking process without poisoning Americans in the process, inherently acknowledging the problems with the process.

Unfortunately, energy companies will have unprecedented new access, as the president proposed in his last State of the Union address:  “Over the last three years, we’ve opened millions of new acres for oil and gas exploration. And tonight, I’m directing my administration to open more than 75% of our potential offshore oil and gas resources.” Pennsylvania is in the midst of passing legislation to preempt the authority of towns and municipalities to control or deny drilling in their communities.

The health and safety of these communities is offered as potential sacrifice zones to the same industry that caused the BP oil disaster in the gulf and allowed the oil spill in Yellowstone national park, with over 1,500 barrels spilled and only 1% of the spill ever recovered. The same industry that projects 11 major spills along the proposed Keystone XL pipeline route has already had 14 spills during the first year of operation for the original pipeline.

To try to mitigate this risk the proposed federal budget includes spending 386 million dollars to expand the Department of Interior to help oversee this hugely expanded offshore oil and natural gas development process. Remember, oversight did nothing to prevent the gulf oil disaster as BP just ignored existing regulations anyway. 

Even worse, after the accident BP was put in charge of the clean up. They had the power to control media access to the area, to control the message on the damage caused, and to control our discourse on the safety for deep water drilling. So how effective is spending a third of a billion dollars to monitor an industry that we know will break the rules anyway and then won’t be held to account after it catastrophically fails?

When it comes to safety and new ideas on our energy future both Congress and the Administration are dead wrong.  Instead they should be massively investing in efficiency and renewable sources. The current federal budget allocates only 8% of the entire Department of Energy submission to work on energy efficiency and renewable energy projects. By comparison almost 28% of the Energy budget goes to weapons activities, even though the President’s plan already gives 613 billion dollars to the Department of Defense.

We have other options. For example a recent report by Synapse Energy Economics Inc. shows that moving to renewable and clean energy sources would not only power our society safely but is a job creator for the United States and will result in net savings for consumers over the life of the study period.

They calculated that transitioning to renewable techs would create 42,700 construction jobs. The initial 42k jobs are just the tip of the iceberg, as the construction efforts would stimulate building suppliers, manufacturers, and related areas to create even more jobs. The report estimated 352k jobs would be created in total.

Plus this is power without the threat of oil spills or toxic chemicals in our water supply. Power that doesn’t require an additional third of a billion dollars just to monitor compliance with existing safety laws.

Washington’s “all of the above” consensus is a failed strategy and a continuation of a status quo that just doesn’t work anymore.  Leadership at the state and local level outpaces Washington.  Communities around the country will continue to call on the President and Congress to articulate a vision of the future that looks more like 2050 instead of 1950.

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Solo is president and founder of the nonprofit and nonpartisan Civil Society Institute.
Copyright (C) 2012 by the American Forum. 3/12


AMERICAN FORUM

By Grant Smith

Energy policy in the United States is more a political game than a serious public discussion.  The newest incarnation of energy policy-by-advertising-campaigns is the Clean Energy Standard, supported by the President and various members of Congress. 

You really have to suspend reality once you head down the CES route.  The premise is that we need all energy technologies to meet our electric demand, regardless of risk to the public pocketbook or to the public health.  It includes the oxymoron of clean coal and cheap, safe nuclear power. There is simply no way that coal and nuclear power can deliver a sustainable economy or a healthy population.

While US policymakers chase after the politically expedient CES, the European Union, the largest economy in the world, has been seriously working towards a sustainable electric grid.  The EU adopted a resolution that by 2020 all new buildings have to be zero energy buildings (i.e. use as much energy as they generate).  It has also set specific targets for renewable energy.  The European Parliament recognized in 2007 the “Third Industrial Revolution” (the confluence of telecommunications technology, renewable technology, and energy efficiency) as “the long-term economic vision and road map for the European Union.” (Rifkin, 2011)  This is not to say that there are no differences of opinion among European governments, but US policymakers, all from the same country, can’t even agree what day it is.  And there is no serious public discourse on how to move forward.  

Fukushima and Chernobyl proved two things.  Nuclear power can never be “safe”, and one accident can have worldwide negative and lasting impacts.  That is, nuclear fallout from meltdowns does not stop at the border.   

Despite general agreement of a strategic approach to energy policy, the reaction of European governments to the nuclear meltdowns at Fukushima is varied, ranging from decisively moving away from nuclear power altogether to ensuring the safety of existing plants while adhering to current plans for expansion or holding steady.  The public, however, is not consistently in agreement with governments that support nuclear power. 

A decisive blow came to the nuclear industry when the conservative Merkel government in Germany, the EU’s strongest economy, announced the phase-out of nuclear power within a decade.  Merkel’s decision was, in part, influenced by an ethics commission that was formed after Fukushima.  The commission noted that the phase-out of nuclear power presented an opportunity for the economy by growing the renewables and efficiency sector.  Other contributing factors appear to have been massive demonstrations against nuclear power and the Chancellor’s party losing in regional elections in the aftermath of Fukushima.  The Merkel government had weakened the previous government’s attempt to phase out nuclear power.  Siemens, a German company, also announced it would withdrawal from nuclear investment.

Switzerland and Italy were the other two European countries to react strategically against nuclear power in the wake of Fukushima.  Italy has been toying with restarting nuclear power for some time.  However, a national referendum in June put an end to those aspirations.  94% of Italians shot down the government’s plans for new construction.  Switzerland stopped the licensing process for three new reactors and announced plans to phase out nuclear power by 2034.

The non-nuclear countries of Austria, Greece, Ireland, Latvia, Liechtenstein, Luxembourg, Malta and Portugal issued a declaration in May calling for stringent safety measures at nuclear power plants now and transitioning from both nuclear power and fossil fuels.  The declaration found that nuclear power is incompatible with sustainable development and with effectively addressing climate change.

The governments of France and England remain staunch supporters of nuclear power.   The British government issued its “Final Fukushima Report” in October 2011 stating that there’s no reason to temporarily shut down any plants for safety reasons.  The government is looking at a few sites for new construction.  President Sarkozy views a nuclear phase-out as impossible.  However, 51% of French citizens, according to a June poll, want nuclear power phased out within 25 to 30 years and 19% want a rapid phase out.  A majority of the English are somewhat or strongly opposed to nuclear power as well.  An international poll taken in June shows 51% in the UK against nuclear power.  According to the same survey, 86% of the French and 80% of the English do not view nuclear power as a viable long term option.

The Fukushima incident has sparked a debate.  The tenor of the debate in Europe is more towards the do-we-really-want-nuclear-power than the how-do-we make-this-work end of the spectrum.  Some countries continue to hitch their energy futures to the nuclear bandwagon. However many countries including the EU’s strongest economy have made a decisive move away from nuclear power.  Public opinion is shifting in opposition and there is little to no support for nuclear power as a long-term option. 

Grant Smith is a senior energy policy analyst to the Civil Society Institute and former executive director of the Citizens Action Coalition of Indiana, where he worked for 29 years.
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Copyright © American Forum. 2/12.


AMERICAN FORUM

By Kathleen Rogers

Optimistic environmentalists believe that future generations will view the first half of the 21st century as the birth of a global green economic revolution. Indeed, investment and advances in technology, coupled with anxiety regarding climate change, are already pushing global leaders to embrace a sustainable future. Unfortunately, that optimistic vision is clouded.

The stark fact is that almost all green-revolution investors and decision-makers – those who are defining and designing the green economy – are from a single demographic: men. International Women’s Day presents a timely and important opportunity to examine why women should be leaders in the green economy.

Like any revolution, a substantial risk exists that the green revolution will move in unpredictable or wrong directions. All economies are stronger when the people leading them bring diverse points of view. Certainly, creating a sustainable economy and breaking habits of over-consumption and fossil-fuel dependency are difficult tasks. Let’s examine some of the reasons why including women in the construction of the green economy is a good idea:

  • Women make the vast majority of consumer choices. Stimulating women’s enterprises is critical to taking advantage of this important commercial opportunity.
  • Women are driving economic growth. The increase in women’s employment in rich nations of the world has contributed more to global GDP growth in the past two decades than new technology or new economic giants China and India.
  • The proportion of women in a country’s legislature significantly reduces the level of corruption in the country. Less corruption benefits not only women entrepreneurs but also all businesses.
  • Women are better at putting resources back into the community. Women usually reinvest a much higher percentage of their earnings in their communities than men, accelerating development. 
  • Women’s repayment rates are higher. When women are direct beneficiaries of credit, their repayment rates are higher throughout all regions of the world.



Despite these facts, real barriers to women’s full participation in designing and developing the green economy exist. For example:
  • Women-owned companies face problems in bringing their businesses to scale, including lack of access to capital and business networks. While women own about 30 percent of U.S. businesses, only about 5 percent of all equity capital investments go to businesses headed by women, and just 3 percent get investments from venture capital.
  • Women have less access to the global supply chain. Only a fraction of governments and large corporations actively source from women-owned businesses.
  • Women entrepreneurs face discriminatory laws in many places around the world.


How do we fix this? To start,  corporations, governments and international institutions should adopt quotas for participation – from board rooms to national forums to multilateral negotiations.

Once the initial problem of representation is taken care of, we can get down to the business of breaking down legal barriers to women’s full participation in the green economy. We need a comprehensive examination of national and international law and protocol dealing with the economy, energy and environment for bias against women. Then, we need to alter the language to promote inclusiveness.

Once problems in the system are fixed, we can go further. For example, formal policies and legal mechanisms should be adopted to support preferential treatment for loan guarantees; promote women’s full participation in science, technology, engineering and mathematics education; and create investments and market incentives to enhance women’s entrepreneurship.

In the meantime, we also have to fix how women as leaders of the green economy are perceived. We need training for journalists that includes heightened awareness of the gender gap. And we have to make gender, development, the green economy and climate change “hard” issues – and not perceived as “soft” issues only for women journalists.

As the world tries to recover from its financial crisis and, at the same time, recognizes the lack of sustainability of the existing economy, we cannot afford to let barriers to women’s participation stand. The facts are clear: Bringing women into the design and development of the green economy will result in a better, more sustainable, more just economy. Let’s ensure that happens.

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Rogers is president of Earth Day Network and leads the Women and the Green Economy (WAGE®) campaign.

© American Forum. 2/12.

Friday, September 16, 2011

A Jobs Crisis We Can Solve

AMERICAN FORUM
By Sarah van Gelder

President Obama is proposing important steps toward doing what Americans have been asking for since the financial collapse of 2008—putting a focus on families and jobs.

To create real prosperity, though, Washington will have to deal with three main drivers of our economic malaise: massive inequality such that the super wealthy and big corporations are sitting on piles of cash while ordinary Americans’ can barely get by; enormous ongoing expenditures for wars; and assaults on our natural systems, including our climate, such that costs of everything from insurance to food is rising while our security is threatened.

Without families buying things, the economy can’t revive and create jobs. That’s why our solutions need to focus on ways to support small businesses, which create the bulk of the jobs and keep money flowing locally instead of flowing to distant corporate headquarters.

In Cleveland, a local foundation, inner-city residents, hospital and university collaborated to create locally rooted cooperatives that supply these and other institutions with solar energy, eco-friendly laundry services and locally grown vegetables. The workers from this rust-belt city are the owners, and they’re creating jobs that can’t be outsourced.

Despite the credit crunch afflicting businesses nationwide, there’s one place where credit continues to flow: North Dakota, which has the nation’s only state-owned bank. The Bank of North Dakota partners with community banks to get credit to the state’s farms and local businesses. The results are the lowest unemployment rate in the country and a state budget surplus, when most other states are facing fiscal crises.

When local businesses and family farms thrive, the benefits ripple out into the community. These local enterprises buy from other local business, driving demand that creates even more jobs. This sort of economic activity results in prosperity based on real goods and services, not speculative bubbles.

Many young people are focusing less on jobs than on DIY livelihoods made up partly of paid work and partly of doing more themselves -- growing food, making and fixing things, and starting micro-businesses. They’re finding creative ways to make do with less and to share and exchange with friends and neighbors.

The best of these diverse livelihoods tap into the rising demand for goods and services that are sustainable—grown or made close to home without toxins and without pollution, produced by workers who are fairly compensated, and made by companies with a long-term commitment to the well-being of the human and ecological community.

But how about President Obama and the U.S. Congress? What can we expect from our federal government?

In a country still the wealthiest in the world, we should insist that our government invest in education, restore failing infrastructure and lead the transition to a clean-energy economy. Single-payer health care could provide security to would-be entrepreneurs while ending excessive premiums and out-of-pocket medical costs that are creating a major drag on the economy. Trade policies should be re-crafted to reverse offshoring of jobs. We could share jobs more broadly, so there is enough work and free time to go around. And we should preserve intact a safety net that keeps millions of seniors, children, disabled and unemployed from complete destitution.

With a fair tax policy—like the tax rate for the wealthy in effect during the Eisenhower years—we could pay for these investments. And we could save money by diverting our tax dollars from corporate subsidies and the world’s largest military budget to investments in our future.

These are policies that large majorities of Americans support. Groups like the recently formed movement to Rebuild the Dream are mobilizing hundreds of thousands of people to counter the lopsided clout of large corporations and the very wealthy and get these sort of family-friendly policies enacted.

We don’t have to be satisfied with unemployment and a stagnant economy. By rebuilding our local economies, changing policies that only benefit the super-rich and investing in a transition to an environmentally friendly society, the United States can still achieve real prosperity.
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Sarah van Gelder is executive editor and co-founder of YES! Magazine. Her article on jobs and livelihoods appears in the Fall 2011 issue of YES!
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Copyright (C) 2011 by the American Forum. 9/11

Thursday, September 8, 2011

Keystone XL Pipeline: A Bad Idea

AMERICAN FORUM
By Billy Parish

Families across the middle swath of our country -- from North Dakota to Louisiana -- have a disturbing question to ask themselves: “Do we want a leaky pipeline pumping 800,000 barrels of oil a day running through our community?”

The proposed Keystone XL oil pipeline, which would transport tar sands -- a mixture of sand, clay, water and a dense tar-like form of petroleum, from the Boreal forests of Alberta to refineries in the Gulf of Mexico region -- is a 1,700-mile time bomb that either will be activated or defused in the coming days.

The pipeline would travel directly across the Ogallala Aquifer, the largest underground aquifer in North America, which provides drinking water and irrigation for much of the Plains region. The thick raw “bitumen” tar sands are mixed with a volatile natural gas, making a highly corrosive, acidic and unstable combination -- not something you’d want flowing in enormous quantities anywhere near where you sit down for dinner with your family.

The fact that the predecessor pipeline and its pumping stations have leaked a dozen times this past year should be enough to make anyone question the intelligence of this scheme. Can farmers, families, cities and ecosystems really afford an on-land spill similar to the BP oil spill in the Gulf of Mexico?

But this is a problem that should worry us all. The threat to immediate public health is compounded by the threat the tar sands pose to our planet’s atmosphere. Bizarre weather patterns are playing out the climate change crisis -- Irene, record floods and droughts around the world, freak tornados and wildfires. The atmosphere is changing, and the accelerating use of fossil fuels is a major driver.

The tar sands represent the second-largest pool of carbon on the planet, second only to the oil remaining under the desert of Saudi Arabia. If we actually go through with clear-cutting enormous tracts of Boreal forests, processing the thick tar with steam and water, mixing it with natural gas and transporting, refining and burning it, it would take the concentration of carbon in the atmosphere from nearly 400 parts per million to 600 parts per million, something leading scientists have been sounding the alarm about for years.

As James Hansen, NASA’s top climatologist, put it, if we have any chance of getting back to a stable climate, “unconventional fossil fuels, such as tar sands, must be left in the ground.” In other words, “If the tar sands are thrown into the mix, it is essentially game over.”

The project developers want us to believe we need these tar sands -- that there is no alternative. They want us to forget that the solar industry employs more Americans than U.S. steel production, and that entrepreneurs nationwide, like myself and my team at Solar Mosaic, are finding creative ways to help communities prosper through clean energy.

Because of their belief in better alternatives to our energy needs, 1,200 people have been arrested these past few weeks while peacefully protesting in front of the White House. These are people of every generation -- religious leaders, union workers and business people. Actors Danny Glover and Darryl Hannah joined what has become the largest environmental civil disobedience in a generation.

The two individuals with exclusive power to stop construction of the pipeline are Hillary Clinton and Barack Obama. Because the pipeline would cross the border, the secretary of state and, ultimately, the president must sign a certificate of “national interest” for the development to begin.

If jobs are the president’s big concern, let’s not set the planet on fire for what the State Department estimates would be only 5,000-6,000 jobs. With even a modest carbon fee, the president could raise enough money to support an Apollo-style program to rebuild America’s lagging infrastructure and really catalyze transition to a clean-energy economy.

Your phone call this week will actually make a difference. Even if we can’t protest in front of the White House, we can step up and speak out.

Our water, our health, our environment and the natural beauty of a 1,700-mile swath of America need you.
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Parish is president of Solar Mosaic, a solar energy marketplace, and author of the forthcoming book, “Making Good: Finding Meaning, Money and Community in a Changing World.”
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Copyright (C) 2011 by the American Forum. 9/11

AMERICAN FORUM
By Marianne Hill

Women’s Equality Day, August 26, is both a celebration of women’s progress and a reminder that equality remains a goal, not a reality.

On this day in 1920, women gained the right to vote under the 19th Amendment. Today, over 90 years later, the struggle to advance women’s rights is concentrated on the economic front -- with an end to discrimination against women in the labor force a critical, and hotly-debated, objective.

Two proposals now stalled in Congress would improve women’s odds of getting a fair shake at the workplace. They face an uphill battle, but it’s one worth fighting.

Many companies pay their male employees more than even better-qualified women in the same job. The best-known victim of pay discrimination today may be Lilly Ledbetter, but her case is far from unique. Consider the lawsuit against Wal-Mart, the one that the Supreme Court ruled could not proceed as a class action suit. The firm’s records, cited by the plaintiffs, showed that although more than two-thirds of the firm’s hourly employees were female, only 15 percent of store managers were women. “Women were paid less than men of equal seniority in every major job category, even though women on average had higher performance ratings and lower turnover rates than men,” states the Public Justice Center.

The Fair Pay Act and the Paycheck Fairness Act would close many of the loopholes and lax penalties that have made the Equal Pay Act of 1963 ineffective in ensuring pay equity in such cases. Studies show that bias against women begins at hiring and persists at promotion time. According to the American Association of University Women, one year after graduating from college, women earn only 80 percent as much as their male counterparts in the same field, and after 10 years of experience, women earn only 69 percent as much. In other words, the pay elevators for women start lower, are slower and don’t go as high as those for men. And the wage gaps are worse for black and Hispanic women.

A woman working full-time in 2009 earned at the median only 77 percent of what a man earned. Over the course of her lifetime, this translates into $400,000 of lost earnings. At the bottom of the wage scale, poor adults are largely women, and the poverty rate of 15 percent among working age women is 30 percent higher than that for men. The top of the income scale is dominated by men: approximately 80 percent of persons earning $100,000 or more per year are men.

The Fair Pay Act of 2011 would require employers to make public the job-related data that is basic to determining whether or not there has been discrimination. At present, women who believe they have been discriminated against cannot get the data on jobs and pay scales they need without filing a lawsuit. At some firms, they cannot even ask co-workers about their pay.

The other bill, the Paycheck Fairness Act, clarifies that wage differences must be based on job characteristics, not on gender. And, if wage discrimination is proven in court, individuals would be able to receive full compensatory and punitive damages, as is already true in cases of discrimination based on race. It would prohibit retaliation by firms against employees who raise wage parity issues.

Eliminating the wage gap is particularly important in families where the woman is the only job-holder. And, among families with children under 18 years of age, 34 percent of working mothers are the sole earners in their family. Progress towards pay equity, then, is vital to the future of American families, and it depends on the passage of proposals like the Fair Pay Act and the Paycheck Fairness Act.
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Hill is an activist who holds a Ph.D. in economics.
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Copyright © American Forum 8/11

Monday, August 22, 2011

Proud to Invest in America

AMERICAN FORUM
By Paul Egerman

I love America, and have proudly invested in America. I have invested by building successful businesses employing thousands of American workers. And I have invested in our country by paying taxes.

But our nation loses $100 billion a year to tax dodging by some of our largest corporations and wealthiest people. That’s a trillion dollar hole in our national treasury over the next decade unless we act now to plug it.

Tax dodging companies are disinvesting in our country – not investing in it.

Many U.S. multinational companies use a gimmick called “transfer pricing” – shifting patents to their offshore subsidiaries, for example – in order to pretend they've earned their profits in a tax haven like the Cayman Islands, Bermuda or Luxembourg, even though their operations there may be little more than a mail box. What they’re really doing is transferring their U.S. profits offshore and transferring their tax responsibilities to the rest of us.

In this global version of a shell game, corporations move their profits to offshore shell company subsidiaries; the U.S. parent company reports to the IRS that they've made almost no profits, or even lost money on their U.S. operations. These companies are passing the buck to other taxpayers and robbing our national treasury of funds we need.

It sickens me that businesses like mine responsibly paid taxes at the rate of 35 percent on millions of dollars in profits while companies like GE would pay zero percent on billions of dollars in profits. Even worse, they had so many tax loopholes and tax subsidies that Uncle Sam actually owed them money. From 2008 to 2010, GE had $7.7 billion in pretax U.S. profits and $4.7 billion in tax refunds, giving it a negative 61.3% tax rate, reports the tax experts at Citizens for Tax Justice.

We need to ask what kind of country we want to have and who is going to pay for it.

I have been fortunate to live the American Dream. I know my success is due to many factors. I know, for example, as a software entrepreneur, that I would have had no business at all without the government assistance I received for my college education, or the government research that led to the Internet.

It’s obscene that computer and internet companies like Google, Microsoft, Apple and Cisco are part of a coalition clamoring for a tax holiday to “repatriate” profits they shifted to tax havens to avoid U.S. taxes.

It’s obscene that so many members of Congress are willing to legislate austerity for American workers, small businesses and retirees while leaving the door open for big corporations to dodge taxes through tax havens.

We all benefit from public services, infrastructure and research paid for by tax dollars – education and public transportation, the Centers for Disease Control and food safety inspections, roads, bridges and waterways, the Small Business Administration and economic development programs, police and courts, and the public safety nets, from unemployment insurance to food stamps, that so many depend on in these hard economic times.

Instead of reducing our debt by cutting vital services, we need to close two big tax deficits - the tax haven deficit and the deficit from the Bush tax cuts for the affluent. Each is worth a trillion dollars over the next decade.

The Stop Tax Havens Abuse Act introduced recently in Congress by Senator Carl Levin (D-MI) and Rep. Lloyd Doggett (D-TX) would close the loopholes that reward those who disinvest in America and dodge taxes to unfairly boost their corporate treasuries. It should be a no-brainer solution in deficit reduction.

It is simply outrageous that we would ask unemployed and disabled Americans and Medicare and Social Security recipients to sacrifice more while continuing to shower tax savings on millionaires and billionaires who have a larger share of the nation’s income than any time since the 1920’s.

It’s time for Congress to plug the loopholes that allow our largest corporations to avoid billions of dollars in taxes, and it’s time for Congress to ask our wealthiest individuals, including people like me, to also pay our fair share of taxes. After all, American corporations and wealthy individuals should be proud to support our country and invest in its future.

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Paul Egerman, a software entrepreneur, is co-founder and former CEO of the medical information technology company eScription.
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Copyright © American Forum 8/11

Pam Solo
AMERICAN FORUM
By Pam Solo and Grant Smith

The reactor disaster in Fukushima is so fresh in our memories that it may seem incomprehensible to think that the history of that tragic (and still unfolding) event in Japan could ever be rewritten and distorted. But history tells us that the nuclear power industry is very adept at revising the facts about every major reactor disaster.

Consider the Three Mile Island (TMI) reactor crisis in the United States. Thanks to years of industry propaganda, many Americans now assume that the panic that followed in the wake of this near-disaster situation derailed the nuclear power industry in the United States, halting its forward momentum in its prime. (Just watch: If the industry falters after Fukushima, it will once again pin the blame on “unreasoning panic” by the public.)

Panic was not the issue after the Three Mile Island. In reality, the U.S. nuclear power industry was already dead in the water by the time of the TMI accident. The culprit was not unreasoning panic on the part of the public. What killed nuclear power more than a quarter of a century ago was cold, hard economics: Nuclear power was just too expensive to build.

Remember the promises made about nuclear power?

First it was “atoms for peace.” But we now know that our nuclear arsenal was the priority. Then it was “too cheap to meter.” But the truth is that nuclear power has been a financial fiasco, declared by Forbes in 1980 as the worst financial disaster in business history.

Little has changed since then, including the nuclear power industry’s enormous lobbying influence and public relations clout. While Wall Street continues to take a pass on financing risky reactors, President Obama and bipartisan Congressional supporters continue to cheerlead the so-called “nuclear renaissance” even as the worst industrial disaster in history continues to play out in Japan. The possibility of an accident, we were told, was next to impossible. But we’ve had three major incidents in 30 years and numerous near misses.

Now “clean” is the mantra in support of nuclear power for politicians and environmentalists alike who think only of reducing CO2. Is nuclear power a clean energy source? Not so much. The evidence paints quite a different story: routine, low-level, radioactive emissions, tritium leaks into water supplies, thousands of tons of fish each year annihilated at water intakes, thermal pollution of lakes and streams, tens of thousands of tons of extremely toxic high-level nuclear waste generated with thousands more to come.

The industry began trumpeting the “nuclear renaissance” in 2003. Yet, not one nuclear unit has been built in the United States. The average price for one reactor increased from an estimated $3 billion in 2002 to $10 billion in 2010 – not including the inevitable cost overruns that have plagued nuclear power construction since the beginning.

In 2009 Citigroup Global Markets wrote: “Three of the risks faced by (nuclear plant) developers – construction, power price and operational – are so large and variable that individually they could bring even the largest utility to its knees.” This analysis is playing itself out now.

In Florida, Progress Energy announced in 2006 that a reactor would cost $6 billion in 2006. By 2010 it was estimated to be over $22 billion.

The price of the French nuclear power plant project in Olkiluoto, Finland has doubled and faces a costly four-year delay. Duke Energy has petitioned the North Carolina public utility commission for rate recovery of over $400 million just to design two nuclear plants. Duke, in North Carolina, and AEP, in Indiana, are pushing legislation to further shift design, construction and operational costs of nuclear plants to ratepayers.

In the meantime, the chronic and seemingly intractable problems for nuclear power continue. In December of 2009, Mark Cooper, a nuclear expert, said that 90 percent of the plants applied for at the Nuclear Regulatory Commission had been cancelled or faced delays.

We’ve been down this road before … and it is truly the road to financial ruin. Ratepayers were saddled with an estimated $200 to $300 billion in cost overruns from completed nuclear plants from the 1960s through the 1980s; nearly $50 billion for abandoned plants. Due to industry whining during the deregulation craze in the 1990s, claiming that nuclear power couldn’t compete in deregulated markets because of the high cost of nuclear power, ratepayers once again bailed out the nuclear industry to the tune of $40 billion.

So, how does nuclear power essentially defy the financial law of gravity and continue to be touted by indefatigable boosters?

According to the Institute for Southern Studies the industry has spent an estimated $640 million on lobbying. The goal has been and continues to be not to reduce financial risk but to shift it to taxpayers and ratepayers.

What have we learned after 60 years with nuclear power? The bottom line comes down to this: Nuclear power is an extraordinarily expensive and dangerous way to boil water. Don’t take our word for it, just ask the people in Fukushima.
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Pam Solo is the president and founder of the nonprofit and nonpartisan Civil Society Institute and facilitator of the Citizens Lead for Energy Action Now. Grant Smith is a senior energy policy analyst to the Civil Society Institute and former executive director of the Citizens Action Coalition of Indiana, where he worked for 29 years.
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© American Forum 8/11