Regulators: Too much foreign ownership for nuclear expansion

[bananas]

Source: My San Antonio

The Nuclear Regulatory Commission found this week that a foreign company is too heavily involved in plans to build two nuclear reactors at the South Texas Project installation.

Under federal law, companies that are owned, controlled or “dominated” by a foreign individual, company or country are barred from holding licenses to operate nuclear reactors. The regulator notified the groups involved of its finding in a letter that it sent Monday afternoon.

“We think it's encouraging that the NRC is recognizing that this is the law and it needs to remain in effect,” said Karen Hadden, executive director of the SEED Coalition, which has opposed the STP expansion from the beginning.

The matter will now go to a panel of three administrative judges in Washington, D.C., which previously dismissed a series of environmental challenges to the project, said Scott Burnell, a spokesman for the NRC.

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Read more: http://www.mysanantonio.com/news/energy/article/Regulators-Too-much-foreign-ownership-for-4477314.php

[jtuck004]

1. Hey, this ain't a bad idea. Maybe we could expand on it...

Last edited Wed May 1, 2013, 05:47 AM - Edit history (1)

Under federal law, companies that are owned, controlled or “dominated” by a foreign individual, company or country can't take jobs that could otherwise be done domestically...

[Demeter]

2. What would we do about corporations like GE, Whirlpool, etc

exporting manufacturing jobs (and not bringing the profits back to be taxed, even).

The Corporations have to be dethroned. All of them.

The defense industry used to have rules about domestic content in weapons...ancient history. Disappeared when integrated circuit manufacturing went to Asia....and oh, was there a scandal, when there were counterfeit parts (worthless crap sold as high-priced, reliable, tested parts) turning up all over in NASA rockets and missile defense systems...but nothing got fixed.