3rd Investor withdraws from PFS project

A few days ago I posted about two investors withdrawing from the venture to store nuclear waste on the Goshute Reservation in Utah.
The Deseret News has reported today that a third investor, Florida Power and Light Co., has withdrawn from the venture.

The article gives credit to U.S. Senator Orrin Hatch for approaching the three investors and getting them to change their minds about supporting the PFS project. Hatch apparently is approaching the other investors as well.

Hatch has defended his opposition to the PFS project but has been a supporter of the Yucca Mountain repository in Nevada.

From the article:
The Florida utility was one of six investors that promised Hatch and Utah Republican Sen. Bob Bennett three years ago it would not support PFS beyond the licensing phase.

In a 2002 letter to Hatch and U.S. Senator Robert Bennett from Utah, it was stated that “We will pledge to both of you that our companies will commit no funds to construction of the PFS facility past the licensing phase so long as the Yucca Mountain project is approved by Congress and repository development proceeds in a timely fashion.”

Call me skeptical, but here are my questions:

  • Why is it that a rich white male senator can all of a sudden start shaking things up with this issue (by virtue of getting investors to withdraw)?
  • What back room politics is going down?
  • Why does one individual have influence on these investors?
  • 3 responses to “3rd Investor withdraws from PFS project

    1. Hey Dee
      This is my first comment here. I really like this “open ID” thingy, and while I assume it’s part of Live Journal, I think I’m going to try to stick it at my site, Green News and Opinion.
      Well, aparently Blogspot doesn’t work with Open Id, but I’ll try it later to see if it will work if I have it on *my* page
      Anyway, enough self-promotion. Here in South Carolina we face many nuclear difficulties too. From the Savannah River Site to several nuclear power plants, to nuclear waste disposal, Nuclear Weapons and nuclear waste transportation issues.
      On an interesting side note, and a sign of how our actions can have unintended happy consequences, a company named Calpine had planned to build a merchant power plant in my town. We fought back and won. Calpine is a supplier of electricity to Florida Power and Light through their Broad River Peaker Plant in Gaffney SC.
      You see, a little pin prick can burst a huge baloon. We should never give up and never fear. We are right in our perceptions. The planet is in trouble. People are being abused across the globe. Democracy is, at best, a sham in many places. Peace is the future the wealthy will deny us and our children so they can get a bit richer.
      Bless you Dee. Keep up the great work.
      Gregg

    2. Re: Hey Dee
      Thanks, Gregg. Like you, I so believe that everything I and all of us do, will have some impact in the schema of things. Whenever someone says “I’m just one person; what I do doesn’t really matter”, I tell them nothing could be further from the truth.
      Yes, we must keep on the path to peace knowing that it is unlikely it will occur in our lifetimes but that the future is impacted by our small yet significant actions and lifestyles. By being persistent, we provide an example for others who may be so inspired.
      Bless us all. Here’s to “pin pricks!”

    3. Re: Hey Dee
      oops, forgot to say who I was above!

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