nuclear-news

Warren Buffett’s global nuclear fuel bank plan a waste of time and money, says WNA

WNA: Buffett?s nuclear fuel bank is a solution looking for a problem, Power Gen, 11 Dec 10, 12/09/2010 The World Nuclear Association’s Steve Kidd, recently promoted to Deputy Director General, says Warren Buffett’s pet project – a global nuclear fuel bank aimed at providing an alternative to countries seeking producing their own enriched uranium – is a waste of time. Buffett has pledged $50m of his own cash to kick-start the fuel bank, which this month was approved by the International Atomic Energy Agency.Speaking to Power Engineering International, Kidd said: “Warren Buffett’s nuclear fuel bank is irrelevant. It’s a solution looking for a problem. There is a certain amount of paranoia in the United States about the potential for nuclear proliferation coming from Iran and North Korea. The fuel bank is not necessary and it’s not relevant to the future of nuclear.” WNA: Buffett?s nuclear fuel bank is a solution looking for a problem

December 11, 2010 - Posted by Christina Macpherson | 2 WORLD, politics international