ldquo;We donrsquo;t need to spend an arm and a leg building nuclear reactors when we can address our energy concerns right now at a fraction of the cost by using clean energy and energy efficiency instead,rdquo; said Pedro Morillas, CALPIRG Policy Advocate.
Here in California, the passage of AB 32, the landmark global warming bill that caps the statersquo;s CO2 pollution, has put pressure on lawmakers to find cleaner sources of energy to power our state.
Since the passage of Californiarsquo;s law, many other states and the federal government are now working towards similar goals.
The nuclear industry, taking advantage of these concerns about global warming, has proposed thirty-four new reactors across the country at an estimated cost of $300 billion.
ldquo;Not only is $300 billion an exorbitant price tag, but to add insult to injury, the nuclear power industry expects taxpayers and ratepayers to foot the bill.
Taxpayers should not be subsidizing nuclear power when there are faster, cleaner, cheaper alternatives to meet our energy needs,rdquo; said Morillas
The moratorium on new nuclear power plants here in California has not stopped nuclear advocates from trying to find ways around the ban.
Every year the nuclear industry pushes for state policies to reverse or circumvent the moratorium.
ldquo;Weakening Californiarsquo;s moratorium, even a little, would mean higher costs for taxpayers and ratepayers,rdquo; added Morillas.
Nuclear power is among the most costly approaches to solving Americarsquo;s energy problems.
ldquo;Per dollar of investment, clean energy solutions ndash; such as energy efficiency and renewable resources ndash; deliver far more energy than nuclear power,rdquo; according to Morillas
At a tele-news-conference today, Pedro Morillas, CALPIRGrsquo;s Legislative advocate, was joined by Chairman of the CA Assembly Banking and Finance Committee Pedro Nava who explained that the [Obama-backed] Congressional proposal to establish a Consumer Financial Protection Agency would also allow state attorneys general to once again vigorously defend the public against unfair financial practices.
That authority had been drastically restricted by federal agency preemption rulings prior to the crisis.
ldquo;Since the financial crisis peaked in 2008, banks have been bailed out with billions of dollars of taxpayer funds but havenrsquo;t increased lending and havenrsquo;t stopped increasing unfair credit card and deposit account fees on consumers and small businesses,rdquo; said Morillas
ldquo;We have an agency to keep toasters from exploding, but we donrsquo;t have one to keep credit cards and mortgages from exploding,rdquo; concluded Pedro Morillas of CALPIRG -30- CALPIRG is a non profit consumer group dedicated to standing up to powerful interests on behalf of Californiansrsquo; health and wellbeing.
CALPIRG and the federation of state PIRGs, U.S. PIRG, are founding members of Americans for Financial Reform (ourfinancialsecurity.org) a 200-group strong coalition of the nationrsquo;s leading consumer, civil rights, labor, community and investor protection groups.
Mon, 27 Jul 2009 16:50:00 -0500
Hatrick For Mortgage Reform
For Immediate Release: 7/9/2008 Contact: Pedro Morillas
(916) 448-4516 (805) 234-5612 Senate Committee Approves Trio of Mortgage Reform Bills
The Banking, Finance, and Insurance committee passed three mortgage related bills today aimed at preventing future abuses in the home loan industry The bills aim to rein in dangerous loan products inappropriate for most consumers, ensure consumers can understand what they are getting in to, and curb the predatory practices of some loan modification services.
ldquo;Even millions of foreclosures later, the mortgage industry is still fighting these reforms,rdquo; said Pedro Morillas, CALPIRG Legislative Advocate.
ldquo;This policy committee was a huge hurdle for these bills, and the fact that all three made it out is a good indication that the senate is serious about reforming a broken market,rdquo; said Morillas