SNC-Lavalin seeks to expand nuclear enterprise in China SHAWN MCCARTHY – GLOBAL ENERGY REPORTEROTTAWA — The Globe and Mail Apr. 13 2014,SNC-LAVALIN INC. IS HOPING TO REVITALIZE ITS INTERNATIONAL NUCLEAR BUSINESS THROUGH AN EFFORT WITH ITS CHINESE PARTNERS TO BURN REPROCESSED FUEL IN A CANDU REACTOR AS A WAY TO REDUCE RADIOACTIVE WASTE.
Officials from Candu Energy Inc. are leading a Canadian nuclear industry mission to China this week, which will include a visit Monday to the Qinshan nuclear power station south of Shanghai where two heavy-water Candu 6 reactors are in operation. Candu Energy is the former Atomic Energy of Canada Ltd., and is now wholly owned by SNC-Lavalin……..
Critics contend the Candu 6 is an outdated design that lacks safety features included in newer reactors, and that it is a technology that the international marketplace has largely rejected since the 1990s.
“So yeah, the industry is trying to say Candu isn’t dead. Never say die,” said Shawn-Patrick Stensil, a nuclear campaigner at Greenpeace Canada. “If Candu isn’t dead, it’s a zombie.”
Nuclear watchdog recommends distributing iodine pills to residents near reactors Canadian Nuclear Safety Commission is proposing that those within 10 kilometres of reactor sites — about a quarter-million people in the GTA — be given thyroid blocking pills as a precaution.The Star, By: Jennifer Ditchburn The Canadian Press, Jun 23 2014
OTTAWA—Canada’s nuclear watchdog is proposing for the first time that people living near reactors be given a precautionary stock of radiation-fighting pills in case of an accident.
But at a consultation meeting Monday in Ottawa, sources in the room said the nuclear power producers expressed reservations about the plan, and how it would be implemented.
The Canadian Nuclear Safety Commission has been reviewing the country’s emergency preparedness and response regulations in the wake of the meltdown at Japan’s Fukushima reactor in 2011. Many countries have already adopted a system whereby residents near nuclear reactors are given iodine thyroid-blocking tablets to store in their homes.
The thyroid glands, especially in younger children, are the most susceptible to absorbing radiation that is ingested or inhaled. The pills are supposed to be taken immediately before or after a major radiation leak.
Mass distribution has occurred in New Brunswick and in Quebec, but not in Ontario, where the major reactors are located. Pills are available to residents at local pharmacies and stockpiled at schools.
A 2013 focus group conducted for Ontario Power Generation said that among residents surveyed around the Darlington and Pickering nuclear plants, “almost none had obtained free pills that have been advertised in regional communications or pamphlets.”
The safety commission has been consulting with various groups, including environmentalists and nuclear licence holders, on its latest regulatory drafts.
It is proposing the tablets be pre-distributed within the “plume” area of radiation — about 10 kilometres — for a selective portion of the population. In the Greater Toronto Area, that means about a quarter-million people……..
Groups such as Greenpeace and the Canadian Environmental Law Association are supportive of the commission’s work — a somewhat rare occurrence.
“This is a good step towards catching up with other countries, Canadians deserve protection on par with international best practices,” said Shawn-Patrick Stensil, a nuclear analyst with Greenpeace. “The way it’s written right now, it doesn’t meet international best practices, but it’s a good step towards that.”
The groups emphasize that leaving it up to people to pick up pills on their own has obviously not worked, and in the aftermath and chaos of a nuclear accident and evacuation, people might not have the ability to get the pills in time.
“Our response is that we’ve had 30-plus years of making the pills available … for people to pick up at pharmacies, and there’s very low awareness by people that they should do so and that it matters to their health,” said Theresa McClenaghan, executive director and counsel of the Canadian Environmental Law Association.
“Instead, the messaging that people have had is that the plants are safe and there’s nothing to worry about.” http://www.thestar.com/news/canada/2014/06/23/nuclear_watchdog_wants_iodine_pill_stockpiles_near_reactors.html
Canadian Nuclear Industry Accepts $1 Billion Liability Limit OTTAWA, June 5, 2014 /CNW/ – The Canadian nuclear industry told a parliamentary committee today that it accepts a proposed $1 billion liability limit for nuclear accidents.
“The $1 billion limit balances the nuclear industry’s operational needs and the public’s need for an effective liability regime,” Dr. John Barrett, the President and CEO of the Canadian Nuclear Association, told the Commons Standing Committee on Natural Resources.
The $1 billion limit would take effect if Bill C-22, the proposed Energy Safety and Security Act, becomes law. The bill would replace the 1976 Nuclear Liability Act (NLA) with a Nuclear Liability and Compensation Act, and ratify an international treaty providing additional coverage for foreign damage caused by Canadian nuclear operators…
….. the bill’s treaty provisions would enable industry members to operate in other countries, and increase the industry’s economic contributions to Canada…… f Parliament passes Bill C-22, the nuclear industry would encourage the government to increase the number of insurance companies eligible to provide nuclear liability insurance.
Bill C-22 would allow nuclear operators to provide insurance alternatives for up to 50 per cent of their liability. http://www.newswire.ca/en/story/1368049/canadian-nuclear-industry-accepts-1-billion-liability-limit
Pickering nuclear reactors can exceed design operating limit Canada’s nuclear regulator will allow reactors at the Pickering nuclear station to operate past their design limit. The Star, By: John Spears Business reporter, Published on Tue Jun 03 2014 Canada’s nuclear regulator says reactors at the Pickering power station will be allowed to operate beyond their stated design limit.
But the Canadian Nuclear Safety Commission has ordered Ontario Power Generation to present further detailed information about the station at a meeting in August.
One of the six active reactors at Pickering would have had to shut down later this month had the commission not made its decision, released Tuesday. Others are also nearing their limit.
The pressure tubes in the reactors – which hold the uranium fuel – have a design life of operating for 210,000 “equivalent full power hours.” OPG is not allowed to operate them past that limit.
OPG has asked the nuclear safety commission to extend the operating limit to 247,000 hours. The company wants to extend Pickering’s life to about 2020, but wants to do so without performing the expensive and lengthy task of replacing all the pressure tubes in the reactors……….
Environmental groups that had appeared before the commission had argued that the limit shouldn’t be exceeded because OPG’s emergency plans for a serious nuclear accident and a wide-spread release of radiation are inadequate.
“The fact they’re asking OPG to do this additional work for August is pretty significant,” said Theresa McCleneghan of the Canadian Environmental Law Association…….
Shawn-Patrick Stensil of Greenpeace said it’s “irresponsible” to still be running the Pickering plant.
People living near the plant don’t know enough about emergency plans in the event of an accident, he said.
He said the commission’s decision to extend the hours of operation is “kicking the can down the road.”
The province doesn’t need the output of the reactor that was about to hit the 210,000-hour limit Stensil said.
In fact, he noted that even with the warm weather on Tuesday, Ontario was exporting 2,000 megawatts of power – or the equivalent of about four Pickering reactors.
“We could be reducing risk much more tangibly just by shutting down reactors that we don’t need,” he said. http://www.thestar.com/business/economy/2014/06/03/pickering_nuclear_reactors_can_exceed_design_operating_limit.html
Canada’s uncertain nuclear future article is based on Canada’s Nuclear Energy Sector: Where to from here? published by Canada’s Public Policy Forum. 2 June 2014“……One approach to address the concerns of the anti-nuclear movement is to work with environmental NGO leaders, to foster trust and a less-polarised dialogue. Such dialogues will be difficult and will take time: workshop participants said this approach was successful in the forestry sector, but it required much time and effort over two decades. To gain social license and broader acceptance, groups outside the sector will need to initiate the discussions. The start of this dialogue can be seen in the US, with recent efforts by some prominent environmental NGO leaders, who had once been opposed to nuclear.
The often passionate public reaction against nuclear power is a significant challenge. Extensive media coverage of the Fukushima Daiichi disaster in Japan, bad memories of Chernobyl and Three Mile Island, and common misunderstandings around radiation mean the public is often reluctant to embrace nuclear power plant construction or to view nuclear as a viable energy source. A key to success in both the UK and France has been including information about nuclear energy in school curriculums.
By educating students about nuclear energy, both countries have been successful in helping to dispel myths around safety and security that persist elsewhere. These countries have shown that education could be a useful first step to engaging citizens in a more enlightened discussion on nuclear energy. Given the diverse energy sources in Canada, school boards would be wise to develop science programmes that explore all types of energy and allow students to be exposed to and learn about the positive and negative aspects of all of them.
Vancouver’s Boss Power closes on $30-million settlement with province over uranium ban By Tyler Orton http://www.biv.com/article/20140602/BIV0108/140609993/vancouvers-boss-power-closes-on-30-million-settlement-with-province Mon Jun 2, 2014 A Vancouver-based resource company has closed on a $30-million settlement with the B.C. government, officially putting to bed a nearly six-year-old lawsuit.
The province imposed a halt on all uranium exploration and development in April 2008. Boss Power Corp. (TSX.V: BPU) filed suit later in the year claiming the B.C. government expropriated the company’s interest in its Blizzard uranium property near Kelowna when it imposed a “no registration reserve” under the Mineral Tenure Act.
The reserve allowed the government to ensure no future claims included the rights to uranium, however, Boss Power argued the property was registered before this ban went into effect.
Boss Power and Victoria settled for $30 million in 2011 before the case went to court.
The final amended settlement will divide the settlement up between other parties with interests in the property.
About 80% of the settlement will be held in a trust until Boss Power is reorganized into two different corporations, an arrangement expected to be approved in August.
Canada’s uncertain nuclear future article is based on Canada’s Nuclear Energy Sector: Where to from here? published by Canada’s Public Policy Forum. 2 June 2014 “……. over the past two decades declining R&D funding has combined with an absence of new domestic nuclear power plant construction to push the sector into stagnation. Political and public support, once a source of strength and pride for the nuclear industry, has waned to such an extent that it is one of the greatest contributors to nuclear energy’s decline. Recent decisions by political leaders, including moratoria on uranium mining in Quebec, Nova Scotia and British Columbia, Ontario’s hesitancy to build proposed new reactors, and the federal government’s privatisation of the reactor business of Atomic Energy Canada Limited (AECL), are seen by many as evidence that government is now looking to redefine its role in the sector……..
The following serious challenges have significantly impaired the industry’s ability to compete in domestic and international markets:
High capital costs. In today’s uncertain economic environment, it is difficult to make the political case that public funds should be committed to large, expensive energy projects that may not come online for nearly a decade. Typically, investment costs of nuclear power plants account for around 60% of total project lifecycle costs.
Unclear foreign investment rules. Organisations that constitute a “strategic asset” to Canada may be barred from foreign purchase or takeover. In fact, the phrase “strategic asset” is not discussed in the Canada Investment Act, but its frequent mention by federal and provincial politicians has created confusion in Canada and abroad. As a result, there is uncertainty around whether foreign entities will be able to purchase Canadian nuclear energy companies and assets, or even compete in the Canadian market. In the absence of a transparent investment framework, it is difficult for international organisations to expand or develop operations in Canada that could generate greater economic growth.
A historical CANDU monopoly places the sector in a niche market.The Canada Deuterium Uranium (CANDU) reactor has been the flagship of Canada’s nuclear energy sector for almost 50 years. But since the nuclear energy market shifted to light water reactors (LWRs) — approximately 30 years ago, when France started procuring LWR technology from the US — heavy water reactors have become a minority technology in the global market.
Acquiring and maintaining social license. Among the greatest challenges facing stakeholders in the nuclear sector is the lack of social license for new nuclear power plants. This concern does not necessarily exist in communities near power plants or uranium mines, but it is a broader perspective within the general population. Concerns around safety, spent fuel storage, and high capital costs have decreased public and political support for large nuclear construction programmes. Fears over nuclear proliferation and plant meltdowns and accidents, like those at Chernobyl, Three Mile Island and Fukushima, are common…..
Few political champions. An important element in any country with a successful nuclear energy programme is leaders who champion the merits of nuclear energy, often at great political risk. Overcoming the concerns of the public is much more difficult without this political support……
Why no one is talking nuclear on the election trail Despite tens of billions of dollars of nuclear projects in the pipeline, nuclear policy is a no-go area in the Ontario election The Star, By: John Spears Business reporter, on Fri May 30 2014 Nuclear energy policy has been almost a no-go area in Ontario’s election campaign.
The sector is on the verge of spending $25 billion or more on two massive projects, and constructing a nuclear-waste site that must last for millennia to come.
But while voters will ultimately pay for the projects through their hydro bills, the nuclear issue has barely raised a ripple in the current election campaign. In fact, it doesn’t even rate a mention in the New Democratic Party’s election platform.
Mid-life overhauls of two nuclear stations – Bruce and Darlington – are on the table. The price tag for Darlington’s four reactors alone is currently estimated at $10 billion in 2013 dollars – or $12.9 billion if interest and contingencies are included.
The price tag at privately operated Bruce Power – where six reactors will undergo mid-life refits – comes in at $2 billion per reactor, but with associated work over the next 15 years, spending will total $15 billion, company officials said earlier this year.
In addition to the nuclear overhauls, Ontario Power Generation proposes to construct a permanent disposal site for low and intermediate level nuclear waste at the Bruce.
But the mega-projects have raised scarcely a ripple on the hustings……..
it’s a lot of money – even if the projects stay within budget.
And staying within budget is not something that nuclear projects have been prone to in Ontario. The unpopular debt retirement charge – an extra 0.7 cents a kwh that’s finally due to expire at the end of 2015 – was levied to pay for past nuclear project cost over-runs.
The Liberal and Conservative platforms clearly support the nuclear overhauls.
“We will invest in the refurbishment of 10 nuclear units and Darlington and Bruce over 16 years, creating and sustaining 25,000 high-wage jobs,” the Liberal platform pledges.
The Conservatives go even further.
They note that Pickering with its eight reactors is due to close.
“We must build new ones and refurbish others,” they say in their Paths to Prosperitypolicy paper, released prior to the election.
The price tag on new reactors of unknown size and design is unclear, but would be multiple billions. Building them would be further complicated by a federal court ruling that told OPG it can’t build new reactors, in part because there are no firm plans for handling waste that will remain dangerously radioactive for hundreds of thousand of years.
The same environmental groups who won that decision are seeking a similar ruling on the Darlington refurbishment.
The New Democratic Party is more skeptical of the nuclear overhauls, according to energy critic Peter Tabuns.
“We haven’t seen a business case that supports refurbishment and we won’t make a decision on this until we do see a business case,” he said in an interview.
The NDP unequivocally opposes building new reactors, he said.
The Liberals have suspended any consideration of new reactors, declaring last December that they are “not needed at this time,” though keeping the option open for the future.
The one issue none of the parties address in their formal platforms is OPG’s proposal to entomb low- and intermediate-level radioactive waste in a limestone formation 680 metres below ground on the shore of Lake Huron.
A federal review panel is currently examining the proposal, but since OPG is owned by the province, the ultimate decision to proceed with the billion-dollar-plus proposal will lie at Queen’s Park.
The proposal took a new twist in February when a similar waste storage facility in Carlsbad, New Mexico leaked radiation……..
Various local, state and federal politicians in Michigan have expressed alarm at OPG’s proposed nuclear waste site.
The latest is Michigan state senator Phil Pavlov, who has called the waste site a “critical threat to the health of the Great Lakes.”
(Michigan’s federal senators Debbie Stabenow and Carl Levin have also expressed stiff opposition to the site.)
Pavlov has introduced resolutions calling on the president or Congress to submit the project to the International Joint Commission, which deals with cross-border issues on the lakes.
“I talk to people every day that can’t understand the rationale behind this,” Pavlov said in an interview.
“The fact that we’re even considering something this close to the lake needs to be challenged,” he said……..
The Liberals say they’re waiting on the federal panel to report before taking a final position on the waste site.
The panel has extended its hearings to gather information on the New Mexico incident, but no dates have been announced……. http://www.thestar.com/business/economy/2014/05/30/why_no_one_is_talking_nuclear_on_the_election_trail.html
Anti-nuclear advocates, Federal Court trouble Ontario Liberal and PC energy plans rabble.ca BY STEVE CORNWELL
MAY 30, 2014 Falling demand for electricity, sky-high cost projections, a catastrophic meltdown in Japan and a dedicated resistance to nuclear expansion have contributed to tough times for advocates of new and rebuilt nuclear reactors in Ontario.
The latest punch in the gut for nuclear proponents in the province comes from a May 14 Federal Court decision to nullify the approval of up to four new reactors at Darlington Station, about 60km east of Toronto.
Among other issues, the presiding Justice James Russell cited inadequate planning for both nuclear waste storage and a catastrophic accident as reasons to revoke the project’s license, which was originally secured following a multi-year environmental assessment (EA). Justice Russell found that the EA failed to adhere to the Canadian Environmental Assessment Act.
The Federal Court review of the EA was initiated by environmental groups Canadian Environmental Law Association (CELA), Greenpeace Canada, Lake Ontario Waterkeeper (LOW) and Northwatch with lawyers from Ecojustice and CELA representing the application in court.
In a press release following the decision, the environmental groups called the Federal Court’s ruling “common sense.”
Justin Duncan, Staff Lawyer for Ecojustice and co-counsel for groups, said “the court’s ruling means that federal authorities can no longer take shortcuts when assessing nuclear projects.” “The federal government must protect Canadians from energy projects that may harm the health of the environment. Because the panel failed to assess certain environmental effects, the court revoked the project’s licence.”
Ontario Power Generation (OPG), who was ordered by the McGuinty Liberals in 2006 to start the process for new reactors at Darlington, still has options towards building the new reactors.
Rick Lindgren of CELA, who presented the case alongside Duncan said, “we do not yet know if the decision will be appealed, or if the EA process will be restarted to address the various deficiencies identified by the Federal Court.”
While Lindgren strikes a cautious note regarding OPG’s intentions going forward, he’s much more optimistic about the message that the decision sends.
“The decision sends a strong signal to other proponents and federal authorities that environmentally significant projects must be subject to a robust EA process that satisfies the legal requirements of the Canadian Environmental Assessment Act.”
And it seems the call for more robust environmental regulation is gaining traction in the host community. In an editorial following the decision, a local paper called on OPG to “accept the ruling and work quickly to address the gaps Justice Russell has identified in the existing environmental assessment.”
Greenpeace’s Nuclear Analyst, Shawn-Patrick Stensil thinks that receiving an endorsement from media around Darlington Station is telling.
“Durham Region is always being portrayed as uniformly supportive [of nuclear] by OPG. But many locals seem to think it’s fair for OPG to not to have a blank cheque, and do due diligence. But will OPG be willing to openly discuss the risks its reactors pose?”
Nukes on the campaign trail…… http://rabble.ca/news/2014/05/anti-nuclear-advocates-federal-court-trouble-ontario-liberal-and-pc-energy-plans
Anti-nuclear advocates, Federal Court trouble Ontario Liberal and PC energy plans rabble.ca BY STEVE CORNWELLMAY 30, 2014 “……..the court’s decision does seem to enhance the credibility of the Ontario New Democrats’ (ONDP) energy platform, while troubling those of the Liberals and Conservatives.
Dating back to Howard Hampton’s leadership, the ONDP has remained opposed to building new reactors in Ontario. The ONDP’s election platform highlights a pledge for a solar panel and energy efficiency fund to help homeowners produce clean electricity and consume less power.
In response to a recent Ontario Clean Air Alliance questionnaire, the ONDP was very critical of the Liberals’ plan to rebuild nuclear units in the province. The ONDP indicated that they would support cost-effective conservation and efficiency measures before spending tax and rate-payer dollars on rebuilding reactors.
They added, “hundreds of millions of dollars have been wasted through the cancellation of gas and nuclear plants…Signing contracts for nuclear refurbishment without knowing the final price tag or seeing the business case will only push costs even higher for consumers. That’s just not acceptable.”
Both the Liberals and PCs have placed nuclear expansion and or revitalization as large tenants of their projected energy plans.
The Liberal spokesperson interviewed for this piece condemned the PCs plan, saying “Tim Hudak wants to build $15 billion worth of new nuclear we don’t need and cancel existing clean energy contracts, putting ratepayers on the hook for up to $20 billion.”
Lefty voters being wooed by the latest Liberal attempt to position themselves as the more progressive and reasonable choice to slay the Conservatives should note that the Grits and PCs are mostly identical on nuclear power.
In addition to both the PCs and Liberals openness to spending billions and testing the risks of new nuclear in the province, each party’s energy stance includes a commitment to rebuilding existing reactors at Darlington and Bruce Stations.
Following the ruling striping approval of new reactors at Darlington, a decision Greenpeace’s Stensil called “a firewall from a really bad political decision,” he wants the debate during the rest of the election to focus on plans to rebuild existing nuclear units. “I’d hope that it allows us to focus on the current plan to spend billions of dollars rebuilding Ontario’s ten remaining reactors.”
Plans to rebuild reactors at Darlington have already passed through an expedited assessment.
Cost analyses on rebuilding the reactors vary wildly, but if the difficulties of refurbishing units in Pickering and other Canadian jurisdictions are any indication, Ontarians might be in for some pocketbook punishment if the Liberal or PCs implement their plans.
“The Liberal government has given the ok to rebuild reactors at the Darlington and Bruce nuclear stations without a cost estimate or a public review. The gas plant scandal has gotten lots of attention since the last election, but it’ll end up being small change compared to the nuclear fiascos coming our way.”
Steve Cornwell is an MA candidate at York University. He is interested in the interactions of social movements, science and technology. Steve has worked on energy issues with Greenpeace Canada, Environmental Defense, and Safe and Green Energy Peterborough. Follow Steve Cornwell on Twitter @steve_cornwell http://rabble.ca/news/2014/05/anti-nuclear-advocates-federal-court-trouble-ontario-liberal-and-pc-energy-plans
Masse calls for action on underground nuclear waste site near Great Lakes, The Windsor Star, Dave Battagello May 27, 2014 MP Brian Masse (NDP Windsor-West) will table a motion this week expressing concern over a proposed underground nuclear waste facility on the edge of the Great Lakes which critics say has potential to taint the waterway and drinking water.
“We don’t get a second chance on this,” he said following a press conference in Ottawa. “What we are trying to do is get a more full and robust review of nuclear storage around the Great Lakes.
“Several organizations are coming forward confronting (Ontario Power Generation’s) plan at the Bruce Nuclear Site as being a danger to the environment.”
The planned project is to construct and operate a nuclear disposal site over half a kilometre deep in the earth just north of Kincardine on the grounds of the Bruce site — and one kilometre from Lake Huron. The facility would store “low and intermediate” nuclear waste from operations of OPG-owned nuclear generation plants at Bruce, Pickering and Darlington.
There are several above ground nuclear waste storage sites near the Great Lakes, but environmentalists and politicians fear having it stored below ground makes it nearly impossible to address an accident. They say the impact would be devastating if any waste leaks into the Great Lakes……..
Masse hopes by tabling his motion it will bring the nuclear storage issue at Bruce to “a national level” and heighten awareness about potential impacts to the world’s largest freshwater supply.
“We want to ensure the assessment procedures around nuclear storage are strong enough,” he said. “We want to see if there are other ways to deal with this nuclear waste than just this one option.”
A large percentage of opposition to the OPG’s underground nuclear storage plan has come from the U.S. side of the border, Masse said.
“They have a law not to allow this stuff within 10 miles of the Great Lakes,” he said. “The Americans are concerned. This is not a moot issue to them by any means.”…….http://blogs.windsorstar.com/2014/05/27/masse-calls-for-action-in-ottawa-on-nuclear-waste-site-next-to-great-lakes/
Not Even Godzilla Can Save This Uranium Stock Motley Fool B Rich Duprey 26 May 14 If Godzilla remains a cautionary tale about the perils of nuclear power, miner Cameco (NYSE:CCJ ) may be one for investing in the uranium industry. Its decision to withdraw its application to build and operate its Millennium underground uranium mine in Saskatchewan because of poor economic conditions in the uranium market shows that betting on an industry pure play remains a risky venture.
Investors counted on a convergence of factors to power up the uranium market and put down the critics, including:
- Japan reversing its ban on nuclear power following the Fukushima reactor meltdown.
- The hope that Germany would revisit its phase out of nuclear power by 2021, as coal remains a dirty word.
- Russian hegemony in the Ukraine creating instability in the gas market.
- The completion last year of the U.S. and Russia’s “megatons to megawatts” program that converted old nuclear warheads into fuel for reactors, effectively removing a large supply from the market.
Shares of uranium stocks enjoyed a run-up late last year on the belief that 2014 would jump-start a recovery. Between mid-October and mid-March, Cameco saw its shares appreciate some 50% in value.,,,,,,,,,,,
Yet, the promise of substantial gains didn’t hold up as uranium pricing continued to fall.
Japan, after all, has delayed restarting its nuclear reactors. Germany hasn’t made any movement to reverse its policies, and the uranium supply glut remains in place. Uranium prices hit eight-year lows, sliding to $29 a pound at the start of May, or levels not seen since 2005. They’re down 16% so far in 2014 alone. …..http://www.fool.com/investing/general/2014/05/24/not-even-godzilla-can-save-this-uranium-stock.aspx
Michigan protests plan to store millions of gallons of nuclear waste next to the Great Lakes RT 221 May 14, A Canadian proposal that calls for a nuclear waste storage facility less than a mile away from the Great Lakes is coming under heavy fire from Michigan lawmakers and environmental groups, who are now attempting to stop the project.Under a plan crafted by energy supplier Ontario Power Generation (OPG), the company would construct a “deep geologic repository” (DGR), which would feature waste storage sites more than 2,200 feet underground to store nearly 53 million gallons of both low- and intermediate-level nuclear waste. The location of the proposed site, however – in Kincardine, Ontario, just three-quarters of a mile away from Lake Huron – has drawn criticism from numerous groups who fear potential contamination.
The fact that Lake Huron is connected to all the other Great Lakes via waterways has also drawn concern, since the five bodies of water make up the largest collection of freshwater lakes on the Earth and provide drinking supplies to tens of millions of Americans and Canadians.
According to the Detroit News, lawmakers from both sides of the aisle have continued criticizing the plan, and are now proposing legislation that calls on the federal government to get involved. In addition to requesting that President Obama stake out a position on the issue, state Senate and House members are asking Secretary of State John Kerry to officially ask the International Joint Commission – established to mediate disputes over the Great Lakes – to rule on the matter.
The legislation would also “stop the importation of radioactive waste into Michigan from Canada.”
“Building a nuclear waste dump less than a mile from one of the largest freshwater sources in the world is a reckless act that should be universally opposed,” Michigan Rep. Dan Lauwers (R-Brockway Township) said in a statement Monday, as quoted by the Huffington Post.
While lawmakers continue to get involved in the situation – Michigan’s Senators in Washington have also urged the State Department to bring the IJC into the debate – environmental groups have come out against the plan.
“Burying nuclear waste a quarter-mile from the Great Lakes is a shockingly bad idea — it poses a serious threat to people, fish, wildlife, and the lakes themselves,” said Andy Buchsbaum, regional executive director for the National Wildlife Federation’s Great Lakes Regional Center, in a statement to the Detroit News………http://rt.com/usa/160564-michigan-canada-nuclear-great-lakes/
Poor markets put Saskatchewan uranium mine plan on hold Global News, By Staff The Canadian Press SASKATOON 18 May 14 – Cameco Corporation (TSX:CCO) has withdrawn its application to build and operate a new underground uranium mine in northern Saskatchewan.
The mining company says in a statement on its website that it has also asked the Canadian Nuclear Safety Commission to postpone a hearing scheduled next month into a licence application for the Millennium Mine project.
Cameco cites poor economic conditions in world uranium markets…..http://globalnews.ca/news/1338415/poor-markets-put-saskatchewan-uranium-mine-plan-on-hold/
Covert mission: Plutonium source might be Canada Questions being asked about mystery cargo BY IAN MACLEOD, OTTAWA CITIZEN MARCH 30, 2014 The nuclear fuel carrier Pacific Egret slipped into the harbour at Charleston, South Carolina, on March 19 and unloaded a top-secret cargo at the port’s Naval Weapons Station.
Fitted with naval guns, cannons and extensive hidden means of repelling a terrorist assault, the three-year-old British vessel was purpose-built to transport plutonium, highly enriched uranium (HEU) and mixed-oxide (MOX) nuclear fuel on the high seas.
Its previous publicly reported position had been exiting the Mediterranean at the Strait of Gibraltar almost two weeks earlier on March 7, carrying a delicate nuclear cargo loaded at the La Spezia naval base in northern Italy.
As the vessel entered the North Atlantic that day, its tracking image vanished from an online marine traffic monitoring system. The ship the size of a football field became all but invisible to unauthorized eyes.
Questions are now being raised about whether the sensitive cargo included recycled plutonium that originated here in Canada.
The clandestine business of transporting shiploads of fissile nuclear materials between nations rarely comes into public view. An eight-kilogram piece of plutonium-239 the size of a grapefruit could obliterate much of Ottawa in seconds — as it did to Nagasaki in August 1945. It’s aptly named after the ancient Greek god of the underworld……… Continue reading
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