Rising energy costs threaten the prosperity of every Georgian with politicians at both state and national levels playing a role. While it’s reasonable to make sure that such energy sources are being developed safely, we will bring costs down by working with our Congressional delegation in Washington, DC to fight the regulatory burden that drives up the costs of effective and clean energy sources, including nuclear energy.
While I recognize that global warming exists, I am not convinced that humans are the lone source and a debate is needed and long overdue with open dialogue from all sides presenting their respective cases.
With that said, as your Governor, I will actively oppose any attempt by Congress to implement a cap-and-trade system and new CAFE standards on automobiles, both of which pose a threat to the economic prosperity of Georgia families, many of whom are still recovering and in some cases still suffering from the recession.
These new regulations on business, and ostensibly the behavior of private individuals, will drive up the cost of energy and will cost our state up to 100,000 jobs.
While there is no doubt that Georgia needs to allow more nuclear energy production, there is a right way and a wrong way to promote it. The Georgia Nuclear Energy Financing Act, which was passed in the 2009 session of the legislature, allows Georgia Power to begin recovering costs long before the first kilowatt of power is produced. It also provides investors in a state-protected monopoly with $1 billion in advance profit. While there is absolutely nothing wrong with making money, it is wrong for the state to collude with business to guarantee a profit. My administration will seek repeal of the Georgia Nuclear Energy Financing Act.