Sen. Cramer, Colleagues Urge U.S. International Development Finance Corporation to Eliminate Prohibition on Supporting Civil Nuclear Energy

Source: United States Senator Kevin Cramer (R-ND)

WASHINGTON – U.S. Senators Kevin Cramer (R-ND), member of the Environment and Public Works Committee, and Joe Manchin (D-WV) sent a letter to the Chief Executive Officer of the U.S. International Development Finance Corporation (DFC), urging them to begin financing nuclear energy projects and support the continued development and deployment of advanced nuclear technology.

“Bipartisan support for advanced nuclear is based not only on its promise to reduce emissions and potential to deliver global clean energy at scale to support economic development, but also on the understanding that U.S. global leadership in this field is vital to our core national security interests. International demand for U.S. advanced nuclear technology has only intensified in the wake of Russia’s invasion of Ukraine and Europe’s severe energy crisis,” wrote the senators.

“Numerous countries, including some with 123 Agreements for peaceful cooperation firmly in place, are interested in partnering with the U.S. on advanced nuclear projects that could qualify for DFC support. Exporting new and advanced nuclear technologies like small modular and micro-reactors would support our allies’ growing energy security needs and allow DFC to meet its mandate to facilitate growth in lower-income countries. Further, prioritizing and deploying U.S. nuclear technologies complements our broader foreign policy objectives to counter Russian and Chinese efforts to use civil nuclear exports for their own political and economic ends.”

Joining Senators Cramer and Machin are Senators John Barrasso (R-WY), Ben Cardin (D-MD), Shelley Moore Capito (R-WV), Cory Booker (D-NJ), Chris Coons (D-DE), Jim Risch (R-ID), and Lisa Murkowski (R-AK).

Click here to read the letter.