company's chairman and chief executive officer. He is
backed by former CIA director William Webster, former
Secretary of State James Baker, former Marine Corps
Commissioner Paul X. Kelley, and former Customs Service
Commissioner William Van Raab, among others.
"They have some horsepower behind
them," said a White House official. "They have
some money and they have some names.
In addition, U.S. Fuel & Security has
proposed building its special transport ships in
Mississippi, home of Senate Majority Leader Trent Lott.
The company also is considering an $800
million investment to build storage containers in
President Clinton's home state of Arkansas. Sen. Dale
Bumpers, ranking member of the Senate Energy and Natural
Resources Committee, also is from Arkansas. Mr. Lott and
Mr. Bumpers' offices did not return telephone calls.
U.S. Fuel & Security has contacted an
Alaska company, Alaska Interstate, about building the
lagoon island where the waste would be stored. A
spokesman for Senate Energy Committee Chairman Frank
Murkowski, Alaska Republican, said the committee has been
briefed on the project but has not taken a position.
The Clinton administration is opposed to the
idea, at
|
least until it has more
details.
"Conceptually, it is not a wacky idea,
but as presented, the administration is opposed,"
said a National Security Council official.
Nevertheless, the influence associated with
such an impressive group of Republican powerhouses has
alarmed some lawmakers, who worry the group could wield
enough political influence to get a bill through
Congress.
"We consider it very unlikely [to be
approved], but given the depth of fear we would have for
it we're spending considerable time on this issue,"
said Patrick McGarey, legislative director for Sen.
Daniel Akaka, Hawaii Democrat.
"We don't just laugh it off because
they're spending a lot of time and energy on this, and
frankly, we're out-gunned by the resume list they've
got."
Under the proposal, U.S. Fuel & Security
would team up with Russian officials to lease MinAtom
uranium -- now sitting in more than 100 warehouses
throughout Russia -- to utilities around the globe to use
as fuel in their nuclear reactors. That arrangement would
raise about $5 billion a year for MinAtom to pay its
workers.
Spent fuel would then be returned to the
company and stored on Wake Island. The company also would
accept
|