Filed under: News, Nuclear Energy | Tags: Cap & Trade, Climate Change Bill, Constellation Energy
If you live in Baltimore and have not yet made the switch to a new energy supplier, then you are currently getting your energy from BGE’s parent company, Baltimore-based Constellation Energy. Constellation Energy is not known for green practices, so it is not surprising that one might question its motives behind the backing of the Federal Greenhouse Gas Emissions Bill currently under debate. According to an article out today in Reuters, “at the heart of the bill is the establishment of a ‘cap and trade’ system that would gradually reduce the amount of greenhouse gases that utilities, steelmakers, oil refineries and other companies could emit”. So, why is Constellation so ready to hop on board?
Well, Constellation is currently moving forward with a plan to build a third nuclear reactor at Calvert Cliffs in Southern Maryland. No new nuclear reactors have been built in the U.S. in a decade, but according to an article in the DailyRecord today, “an interest in nuclear energy has resurfaced in the last few years”.While not considered by many to be “green energy” (you do have all that toxic waste at the end and all), nuclear energy does provide less greenhouse emissions than coal. A government bill requiring companies to cap their emissions would likely make the installation of the new reactor smooth sailing for Constellation Energy. The added bonus –a deal is pending between Constellation and Electricite de France for EDF to buy half of Constellation’s nuclear power business.
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