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Politics : The Donkey's Inn -- Ignore unavailable to you. Want to Upgrade?


To: Mephisto who wrote (2104)1/16/2002 11:22:25 PM
From: Mephisto  Read Replies (1) | Respond to of 15516
 
Abraham got thousands from nuke biz
Energy secretary: 'Sound science' drove Nevada choice

By William Spain, CBS.MarketWatch.com
Last Update: 3:19 PM ET Jan. 11, 2002

LAS VEGAS (CBS.MW) -- Although Enron's large contributions to key legislators
and members of the Bush administration apparently were not enough to pull its financial fat out
of the fire, one group of major energy-business political donors just hit the jackpot.

While it will be at least a decade -- if then -- before radioactive waste begins pouring
into Nevada's Yucca Mountain, the Department of Energy's decision to recommend the site
is a big victory for the nuclear power industry.

Energy Secretary Spencer Abraham said Thursday he plans
to formally recommend the Silver State site as a new federal
repository for nuclear waste -- delighting plant operators and
infuriating Nevada businesses, politicians and
environmentalists. See story

Transporting all of its radioactive byproducts to one central
location and storing it there -- both at taxpayer expense --
has long been at the top of the nuclear industry's wish list.
Currently, most nuclear waste generated from commercial
plants is stored on-site, a cost shouldered by the operators.


The Nuclear Energy Institute wasted no time in hailing
Abraham's decision: "Safely transporting nuclear waste from
35 states to one secure, specifically designed federal
disposal facility underground is the best solution to protect
our environment and our national security," said Joe Colvin,
president of the trade group.

Companies backed Senate bid

Abraham received thousands of dollars in contributions from
the industry in his campaign for reelection to the U.S. Senate
from Michigan in 2000.
In addition to NEI's $4,000, private
nuclear-plant operators DTE Energy (DTE: news, chart, profile), with $5,000, Exelon
(EXC: news, chart, profile), at $2,000, Constellation (CEG: news, chart, profile), $2,000, and FirstEnergy (FE: news, chart,
profile), also $2,000, ponied up for his failed bid.

Abraham also accepted at least $9,500 from energy-trading company
ENRON between February of 1999 and October 2000.


Although Attorney General John Ashcroft recently recused himself from involvement
in the criminal probe of Enron because he had accepted over $50,000 of the company's money
in the past, Joe Davis, a spokesman for the Department of Energy, insisted that Abraham
has no such conflict.


Abraham based his decision solely on "sound science and compelling interests [of] national
security and environmental protection," he said.

While the nuclear industry has given to both major parties, the GOP has long received the
lion's share of the booty. For instance, the Center for Responsive Politics said that in the last
election cycle Republican candidates got more than two-thirds of the $335,000 given by NEI
and nearly three quarters of $819,000 contributed by leading nuclear operator Exelon.


The next call in the ongoing battle will be made by the White House, which is on record as
being in favor of both expanded nuclear power and the establishment of a central repository for nuclear waste.

If, as expected, the Bush administration approves the site, Nevada's governor or state legislature
gets a chance to veto the decision, which will stop the project until and unless Congress overrides it.

Furious members of the state's congressional delegation, including
Senate Majority Whip Harry Reid, have vowed to do whatever it takes to keep the
Yucca from opening. And, even should they fail, Nevada
Gov. Kenny Guinn, a Republican, has vowed a court battle.


William Spain is a reporter for CBS.MarketWatch.com in Chicago.

cbs.marketwatch.com



To: Mephisto who wrote (2104)9/15/2002 2:41:22 AM
From: Mephisto  Read Replies (1) | Respond to of 15516
 
MoD rejects fears over defence sell-off

Philip Pank and agencies
Thursday September 5, 2002
The Guardian

Ministers today defended plans to sell part of the defence research industry
to a US-based company that has several former
international leaders on its payroll.

George Bush senior, his former secretary of state James Baker,
the former prime minister John Major
and many other figures
from international big business and politics are employed by Carlyle Group,
a US-based private equity and defence group.

The government has dismissed union fears that the British national interest may be
compromised by the influence of diverse
overseas lobbyists linked to the company.

It announced earlier this week that Carlyle was
the preferred bidder to take over its
research and technology division, Qinetiq. The
former defence research agency has developed missile-tracking software,
radar technology and other defence systems

The announcement immediately raised concerns that
national defence research
may be subjected to increasing influence from
overseas interests, notably the US arms lobby.

Fiona Draper of the trade union Prospect, which represents scientists at Qinetiq,
said: "The fact that they are a foreign company
will obviously exacerbate my members concerns, given Carlyle's fairly
opaque structure, there must be concerns over whether
undue influence may be brought to bear which may not be in Britain's interest."


She told BBC radio: "I do understand that in the past at least they have
had investors from 'interesting' areas of the world, shall
we say."

In addition to the list of influential names from US politics, the company
has been linked to the Saudi royal family and until last
year maintained links with the half-brother of Osama bin Laden.


However, the defence minister, Lewis Moonie, insisted today that Britain's national interest
would not be compromised by the
partial sale of the agency.

"It is very important that half truths and shades like that should not be allowed
to cloud the name of a respectable company and
one we have investigated in great detail, as we have any other company
with who we would be going into partnership," he said.

"I can assure you that we have gone into this in very great detail and
anything of a sensitive nature will not be exposed to foreign
eyes."

The government is selling off a significant stake in the agency, having dropped plans
to float the company on the stock market
earlier this year.

Like other private equity groups, Carlyle has a history of taking short-term stakes
in companies. Industry observers have predicted
that the company would be likely to prepare QinetiQ for full sell-off within five years.

The previous Conservative government shied away from full-blown privatisation of the agency.


guardian.co.uk