President Bush's speech at Calvert Cliff's nuclear plant
"Today, there are 103 nuclear plants in America. They produce about 20 percent of the nation's electricity without producing a single pound of air pollution or greenhouse gases. I think you told me that 20 percent of all Maryland's electricity is produced here at this plant. Without these nuclear plants, America would released nearly 700 million metric tons more carbon dioxide into the air each year. That's about the same amount of carbon dioxide that now comes from all our cars and trucks.
Across this state, Maryland has looked to Calvert Cliffs to keep their lights on and to keep their land, air and water clean. In other words, you're generating electricity and helping the environment at the same time. That's an important combination of talents and -- it's an important combination of -- that the American people have got to understand it's possible when we expand nuclear power.
Nuclear power is one of America's safest sources of energy. People out here practice a lot of safety, they're good at it. You've got nuclear engineers and experts that spend a lot of time maintaining a safe environment. Just ask the people that work here. You wouldn't be coming here if it wasn't safe, I suspect. (Laughter.)
Some Americans remember the problems of the nuclear plants -- that the nuclear plants had back in the 1970s. We all remember those days. That frightened a lot of folks. People have got to understand that advances in sciences and engineering and plant design have made nuclear plants far safer, far safer than ever before. Workers and managers are trained and committed and spend hours working on nuclear safety, and that's good. And they do such a good job here at Calvert Cliffs that this was the first nuclear plant in America to gets its operating license renewed. And I congratulate you. (Applause.)
There is a growing consensus that more nuclear power will lead to a cleaner, safer nation. Slowly but surely, people are beginning to look at the facts. One of the reasons I've come to this plant is to help people understand the difference between fact and fiction. Yet, even though there has been a growing consensus over time, America has not ordered a nuclear plant since the 1970s. By contrast, France has built 58 nuclear plants in the same period of time. By contrast, China now has eight nuclear plants in the works and plans to build at least 40 more over the next two decades.
In the 21st century, our nation will need more electricity, more safe, clean, reliable electricity. It is time for this country to start building nuclear power plants again. (Applause.)
We're taking practical steps to encourage new construction of power plants. Three years ago, we launched the Nuclear Power 2010 Initiative, which is a $1.1 billion partnership between government and industry to coordinate the ordering of new plants. The Department of Energy is working with Congress to reduce uncertainty in the nuclear plant licensing process. Look, you don't want to go out and build a plant, spend all the money, and have the license jerked at the last minute. (Laughter.) Nobody's going to spend money if that's the case.
And so we want to have a rational way to move forward, and one rational way to move forward is to provide incentives for new construction such as federal risk insurance, to help the builders of the first four plants -- that's what's now embedded in the energy bill -- first four plants against lawsuits and bureaucratic obstacles and other delays beyond their control. In other words, there's a rational approach for the federal government -- on the one hand, to convince the American people nuclear power is safe, that it makes sense for our consumers, it makes sense for the long-term economic security of our country to expand nuclear power; and on the other hand, say to those who are risking capital, here's some help, here's some ways we can provide incentive for you to move forward with the construction of plants.
Delivering a good energy bill is part of a comprehensive agenda, but there's some other things we need to do..."
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