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Thorium nuclear technology a risky and unwise venture for Utah

“…. the coalition’s involvement has raised concerns about the use of limited county resources in such a speculative venture. Nor is it clear how the thorium proposal squares with the coalition’s legal mission, which is to “build essential regional infrastructure elements,” such as pipelines, roads, transmission and rail needed to deliver extracted minerals and power to markets……

The coalition’s financing and procurement practices have recently come under intense scrutiny by Utah Treasurer David Damschen, who believes the group could be flouting accountability standards.

As a new member of the state Community Impact Board (CIB), which gives out federal mineral royalties to rural counties, Damschen has raised numerous concerns about the coalition’s management of CIB grants— its sole source of revenue. At recent meetings, the state treasurer has openly wondered whether the coalition steers contracts to insiders instead of the best qualified people and spends public money in ways that provide minimal public benefit…….

Thorium technology has years of costly research and development ahead before it’s ready to produce power and isotopes, according to Mike Simpson, a University of Utah metallurgical engineering professor.

“It‘s not accurate to say it’s proven to work. Aspects of it have been proven, but everything that has to be tied together hasn’t happened,” said Simpson, adding he would provide advice to the coalition for free. ”They still need another 10 years to perfect this….

 many technical hurdles remain and these rural counties are not positioned to help address these challenges other than siting assistance for a reactor, Simpson added. Salt Lake Tribune

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August 16, 2017 - Posted by | business and costs, thorium, USA

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