If the future of nuclear power were as bright as its most enthusiastic supporters suggest it is, investors would be flocking to it like electrons to nuclei. But “the smart money is heading for the exits,” reports the Spring 2008 Solutions, the newsletter of the Rocky Mountain Institute energy think tank.

“The private capital market isn’t investing in new nuclear plants, and without financing, capitalist utilities aren’t buying,” write Amory Lovins, Imran Sheikh, and Alex Markevitch, in an article starkly titled “Forget Nuclear.” “In the United States, even government subsidies approaching or exceeding new nuclear power’s total cost have failed to entice Wall Street.”

The article goes on to crunch the numbers behind nuclear vs. renewable energy options, and lands, not surprisingly, yet authoritatively, on the side of renewables. In typical Rocky Mountain Institute style, the report is technical but not obtuse and even, in conclusion, quite impassioned:

“Isn’t it time we forgot about nuclear power?” the authors ask. “Informed capitalists have. Politicians and pundits should, too.”

Elsewhere in the issue, the institute thanks recent donors, and under the category of “Integrators”—those who gave $5,000 to $9,999—is R.E.M./Athens L.L.C., the business end of the little rock band from Georgia. I guess “Green” isn’t just the name of one of their albums.

The nuclear energy industry isn’t just mounting a P.R. campaign about the great green hope of nuclear power. It’s also applying good old political pressure to get its way, the Texas Observer reports, strong-arming Texas environmental regulators in order to win approval for a huge nuclear waste landfill over scientists’ objections.

The Dallas-based firm Waste Control Specialists is close to securing approval for a low-level nuclear waste landfill in Andrews County, Texas, Forrest Wilder reports. If the company scores two more necessary licenses from the Texas Commission on Environmental Quality (TCEQ), “Waste Control could bury more than 60 million cubic feet of waste over the span of 30 years, more than half the volume of the new Dallas Cowboys stadium,” he writes. Which of course would be a radioactive dream come true for all the people who are talking about a nuclear renaissance but still unsure exactly where all that waste is going to go.

The licensing process has led to a clash at the TCEQ between the scientists and engineers who oppose Waste Control’s plans and agency managers bent on approving the licenses. Three employees have even quit because of frustration with the licensing process, Wilder reports. Chief among their reservations were indications that the dump might be dangerously close to the water table and that Waste Control had previous “radiation protection issues” with worker safety.

—Keith Goetzman

Would Sen. John McCain be a good environmental president? Don’t bet the planet on it. Joseph Romm at Salon writes that although the Republican nominee-to-be is the only GOP candidate who believes in the science of global warming and who has proposed legislation to reduce greenhouse gas emissions, his green credentials are shaky at best.

“While McCain may understand the scale of the climate problem, he does not appear to understand the scale of the solution,” writes Romm. Unless a President McCain appointed judges and agency heads who would not gut efforts to address climate change—something he’d be unlikely to do—he wouldn’t make much headway. Romm also points out that McCain has backed huge subsidies for nuclear power, yet he “remarkably” told Grist in an interview last October that wind and solar need no such help.

Over at Huffington Post, Arianna Huffington also calls out McCain on his environmental wishy-washiness in “End of a Romance: Why the Media and Independent Voters Need to Break Up With John McCain”:

“The old John McCain talked about trying to do something about global warming and encourage renewable energy. The new John McCain didn’t show up for a vote last week on a bill that included tax incentives for clean energy, even though he was in D.C. And then his staff misled environmentalists who called to protest by telling them that he had voted for it.”

McCain is still getting mileage out of the “maverick” label that no longer applies, Huffington claims. But perhaps he’s still a maverick when compared to green voters: He’s got almost nothing in common with them.

—Keith Goetzman

Image by  Geoffrey Chandler , licensed under Creative Commons.

The hottest portable gadget released this holiday season isn’t Amazon.com’s new e-book, the Kindle. It’s a nuclear reactor. Depending on whom you talk to, the portable nuclear reactor is either the most significant development in energy technology since the invention of the wind turbine, or it’s a harbinger of the apocalypse.

The portable nuke is the brainchild of Hyperion Power Generation, a company created last month to bring nuclear technology into the private sector, Dave Maass writes for the Santa Fe Reporter. Hyperion is promoting the portable nuclear reactor as a means of ending dependency on fossil fuel and abolishing poverty in the developing world. Maass reports that Hyperion’s claims have been met with considerable skepticism. *  Los Alamos Study Group Executive Director Greg Mello says, “This whole idea is loony and not worthy of too much attention,”

—Morgan Winters

*  This article has been amended to properly source the originally reported material.