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Insurmountable problem of nuclear power’s financial risks

the insurance industry and financial markets still have not altered their long held position that nuclear power poses unacceptable financial risk. 

‘Smart money’ reflects nuclear power risks  Burlington Free Press David R. Abbott, 8 may 11,  Is nuclear power safe? Not surprisingly, the owner of Vermont Yankee is spending heavily in an effort to convince us that it is. Perhaps, instead, we should follow the smart, disinterested money in attempting to answer that essential question because, in the case of the nuclear power industry, an unacceptable financial risk is, at the same time, an unacceptable safety risk.

The smart money here is represented by the insurance industry and the financial markets. Continue reading →

May 9, 2011 Posted by | 2 WORLD, business and costs, USA | Leave a comment

Legal Challenge as Australian Govt Sneaks in Nuclear Waste Dump Plan

The Senate is due tomorrow to debate the National Radioactive Waste Management Bill, which if passed will open the way for the government to build the dump on Muckaty station, 120 kilometres north of Tennant Creek.Ownership of nuclear waste site disputed.

 the government’s secret and divisive process to build the dump on Muckaty would be strongly resisted in Tennant Creek as well as nationally and internationally.




 Ownership of nuclear waste site disputed, Lindsay Murdoch in Tennant Creek, Sydney Morning Herald, May 9, 2011 DOCUMENTS unearthed in the National Archives challenge the Gillard government’s push to build a nuclear waste dump on disputed Aboriginal land near Tennant Creek, lawyers say. Continue reading →

May 9, 2011 Posted by | AUSTRALIA, politics | 1 Comment

IPCC to discuss big world report on Renewable Energy

By far the most comprehensive UN assessment of the status and potential for the clean energy sector, the report weighs 164 separate development scenarios……

The report says there is virtually unlimited technical potential for renewables, with much of it coming from solar energy.

Renewables major part of 2050 world energy, Sydney Morning Herald, Marlowe Hood, May 7, 2011 Renewable power from the Sun, wind, water and biomass can and should generate a major portion of the planet’s energy supply by 2050, a leaked draft of a United Nations report says. Continue reading →

May 9, 2011 Posted by | 2 WORLD, renewable | Leave a comment

Wikileaks reveal security worries about Japan’s nuclear plants

 Cables Show Worry Over Japanese Nuclear Plants  WSJ.comBy YOREE KOH,  MAY 8, 2011 TOKYO—The Fukushima Daiichi nuclear accident exposed flaws in the Japanese government’s measures to guard the country’s reactors against earthquakes and tsunamis. U.S. officials in recent years also have worried that Japanese officials haven’t taken enough precautions to protect the facilities from terrorist attacks, according to diplomatic documents released over the weekend on the WikiLeaks website.

A series of cables released by WikiLeaks shows U.S. officials repeatedly prodded their Japanese counterparts to beef up security—and were regularly rebuffed….A message sent from the U.S. embassy in Tokyo on Feb. 26, 2007, informed the State Department about “U.S. concerns about physical protection of nuclear facilities.”…

U.S. Cables Show Worry Over Japanese Nuclear Plants – WSJ.com

May 9, 2011 Posted by | Wikileaks | Leave a comment

More dangers for UK’s nuclear submarine “Astute”

Jinxed nuclear submarine’s malfunction could have killed its entire crew Herald Scotland |  By Rob Edwards 8 May 2011 The Royal Navy’s latest £1.2 billion nuclear submarine, HMS Astute, has been towed back to base after a malfunction which could have killed the entire crew, the Sunday Herald can reveal. Continue reading →

May 9, 2011 Posted by | safety, UK | Leave a comment