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The costly reality behind AREVA’s funky nuclear spin

the reality behind this romantic green image of a nuclear panacea to future energy needs is something altogether different….obsessional ad campaign run by the French Areva state-backed nuclear monopoly, under the banner of “semi-private” as portrayed in the business press.

Funky Town Finance Meets The Nuclear Renaissance :: The Market Oracle  by Andrew McKillop (Project Director, GSO Consulting Associates Former chief policy analyst, Division A Policy, DG XVII Energy, European Commission )30 Sept 10, Like a Marlene Dietrich show in a remake of 1945 Berlin, surrounded by Soviet troop hordes, the nuclear sales show has to go on. Continue reading


September 30, 2010 Posted by | 2 WORLD, spinbuster | , , , , , , , , , , , | Leave a comment

North Korea says it will increase its nuclear weapons

The U.S. is trying to restart stalled negotiations on North Korea’s nuclear disarmament.

NKorea vows to strengthen nuclear arms, Google hosted news, By ALI AKBAR DAREINI (AP) 30 Sept 10, NEW YORK — North Korea vowed Wednesday to strengthen its nuclear weapons stockpile in order to deter a U.S. and South Korean military buildup in the region. Continue reading

September 30, 2010 Posted by | North Korea, weapons and war | , , | Leave a comment

Small modular nuclear reactors, costly, dangerous, and proliferation risk

SMRs are not only unlikely live up to the hype, but may well aggravate cost, safety, and environmental problems,….”Amidst the evaporating hopes for a nuclear renaissance, nuclear power proponents are pinning their hopes on small modular reactors without thinking carefully about the new problems they will create

IEER/PSR: ‘Small Modular Reactors’ No Panacea for What Ails Nuclear Power – Fact Sheet Explores Cost, Safety and Waste Issues Glossed Over by IndustryWASHINGTON, Sept. 29 /PRNewswire – The same industry that promised that nuclear power would be “too cheap to meter” is now touting another supposed cure-all for America’s power needs: the small modular reactor (SMR). Continue reading

September 30, 2010 Posted by | 2 WORLD, technology | , , , , , , , , , | Leave a comment

Did the Pentagon attack Iran’s nuclear reactor with Stuxnet worm?

Pentagon’s spokesman Colonel David Lapan said the Department of defence can “neither confirm nor deny” reports that it launched this attack

Pentagon Accused Of Launching Supervirus Attack On Iran Gizmodo Australia, By Jesus Diaz on September 28, 2010 Stuxnet – which some experts consider to be the most advanced virus ever – appears to be focusing its attacks on Iranian nuclear plants. Now, the Pentagon and German intelligence are being accused of creating the virus to take down Iran’s atomic weapons program. Continue reading

September 30, 2010 Posted by | secrets,lies and civil liberties, USA | , , , | Leave a comment

University’s nuclear radiation mishap

KSU divulges reactor mishap, By Tim Carpenter

September 29, 2010 – The Nuclear Regulatory Commission is investigating a Kansas State University nuclear reactor operator’s exposure to radiation during an experiment, a university official said Wednesday…..TRIGA Mark II reactor had been shut down since Sept. 22 to accommodate the NRC’s evaluation of the mishap. The NRC and the Kansas Department of Health and Environment were notified of the incident. KSU divulges reactor mishap |

September 30, 2010 Posted by | safety, USA | , , , , | Leave a comment

German Green Party gathers support from anti-nuclear public sentiment

The nuclear issue has galvanized support for the Green party, which has grown to be a major force in national politics.

Germany: Greens See Red Over Nuclear Power Extension, TIME, By Tristana Moore / Berlin Wednesday, Sep. 29, 2010 “Nuclear power harms Germany’ is the Greenpeace message projected on the cooling systems of the nuclear power plant in Grafenrheinfeld near Schweinfurt, southern Germany, on Tuesday, Sept. 28, 2010. Continue reading

September 30, 2010 Posted by | general | , , | Leave a comment

European push to get rid of tactical nuclear weapons

Get rid of tactical nuclear weapons, Nato leaders told,, 30 Sept 10, A group of European elder statesmen is calling for a rethink of Nato nuclear policy ahead of November’s Lisbon summit Continue reading

September 30, 2010 Posted by | EUROPE, weapons and war | , , | Leave a comment

A worm delays Iran’s nuclear reactor

officials have acknowledged that a computer worm is mutating and wreaking havoc….Analysts say that the Stuxnet worm may have been designed to target Iran’s nuclear facilities.

Iran nuclear plant hit by two-month delay: official(AFP) – Google hosted new, 30 Sept 10, TEHRAN — Iran’s atomic chief said on Wednesday that the country’s first nuclear power plant will be ready to generate electricity by January — two months later than announced……… Continue reading

September 30, 2010 Posted by | general | , , , | Leave a comment

Nuclear finance squabble as France’s debt-laden EDF in dispute with USA’s Constellation

Moving up a long way in funky financing, state-to-state bilateral deals in the nuclear power sector are now in high gear. Amounts in play are usually well above US $ 10 billion per project, and very complex mix-and-mingle methods and processes are used for their financing

From Put Options to Development Aid The French EDF ex-monopoly electricity supplier with the biggest number of nuclear reactors of any traded power company in the world, also the most debt-laden traded company in France, and with a share price down about 25% through Jan-Aug 2010, is using financial engineering to keep a foothold in the US nuclear power market. Continue reading

September 30, 2010 Posted by | business and costs, USA | , , , , , , | Leave a comment

Financing the Nuclear Resuscitation will bring about Global Debt

Financing the Nuclear Renaissance in 2010-2020 will almost surely shift to international and multilateral debt financing methods. The IMF will surely be there, and all creative methods will have a look-in to using nuclear power plants as the underlying security in a vast new upsurge in global debt trading. –

Sovereign Debt to Global Debt The UN’s Nuclear Suppliers Group has an impressive 45-nation list of supposed nuclear equipment and service suppliers, but these include countries like Iceland, Malta, Croatia, Cyprus and Romania, everyone short of the Vatican. Continue reading

September 30, 2010 Posted by | 2 WORLD, business and costs | , , , | Leave a comment

Nuclear power a bad plan for Sri Lanka

Environmental concern over Sri Lanka nuclear plans By Saroj Pathirana BBC News 9 September 2010 Environmentalists in Sri Lanka have expressed concern over government plans to build a nuclear power plant by 2025. Energy Minister Champika Ranawaka announced that the government intends to build the plant to fulfil increasing demands for energy Critics say Sri Lanka lacks the wherewithal to handle ordinary garbage – let alone nuclear waste….. the campaigners say that the island is full of natural sources of energy.Observers are also sceptical as to whether the country will be able to get the technological know-how to build such plant. BBC News – Environmental concern over Sri Lanka nuclear plans

September 30, 2010 Posted by | ASIA, politics | , , , | Leave a comment

Great Lakes nuclear shipment plan opens door for dangerous nuclear trafficking

“There is no policy in place in Canada that supports a proposal to export Canada’s nuclear waste in this case reactor refurbishment waste to a foreign country or to allow the residual waste, which will be even more radioactive, to be imported back into Canada. There is, however a very high level of concern in the Canadian public about the potential for international trafficking in nuclear waste,”

Shipment of Nuclear Waste has Northwatch in Ottawa today, North Bay News, By Kate Adams, September 29, 2010 Northwatch is one of seventy five intervenors in a two day hearing of the Canadian Nuclear Safety Commission reviewing the controversial proposal by Bruce Power to ship 1600 tonnes of radioactive waste through the Great Lakes and St. Lawrence River to Sweden, Continue reading

September 30, 2010 Posted by | Canada, wastes | , , , | Leave a comment

North Korea likely to continue “nuclear blackmail”

The best way to squeeze aid from the outside world is to use contradictions between the great powers and a bit of nuclear blackmai

NKorea unlikely to alter strategy toward world, Google hosted news, By KELLY OLSEN (AP) – 30 Sept 10, SEOUL, South Korea — North Korea’s ailing leader Kim Jong Il has laid the groundwork for a transition of power to his youngest son but it remains to be seen if the reclusive nuclear-armed regime will soften its combative stance toward the international community. Continue reading

September 30, 2010 Posted by | North Korea, politics international | , , , | Leave a comment

Germany’s old nuclear reactors vulnerable to extreme weather and to terrorism

It’s not only incidents that worry Greenpeace. The group has highlighted the possibility of a terror attack.

Nuclear horror scenarios for Germany BERLIN, Sept. 28 (UPI)Chernobyl-like disasters at Germany’s most vulnerable reactors could render parts of the country uninhabitable for decades, Greenpeace has warned. Continue reading

September 30, 2010 Posted by | general | , , , , | Leave a comment

How tax-payer money funds the nuclear industry’s expansion

Already marshalled into this private-public ‘Marshall Plan’ for selling US nuclear power and services to India are the US Ex-Im (export-import) Bank, leading Wall Street private banks, and major downstream infrastructure companies such as Bechtel, all primed and ready to go….US state agencies, especially the Ex-Im Bank can in some cases finance up to 85% of the initial sale…….the UN’s nuclear agency the IAEA could be extended to cover nuclear financing.

Like deals between South Korea and Abu Dhabi, Russia and Iran or France and Pakistan, the US-India arrangement targets business opportunities of epic dimensions. On the basis of the 2008 bilateral agreement, U.S. companies—most importantly Toshiba-Westinghouse and GE-Hitachi—are planning to build nuclear power plants in India. Continue reading

September 30, 2010 Posted by | 2 WORLD, politics international | , , , , , , | Leave a comment