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Boris Johnson’s Bold Nuclear Bet Has Echoes ofThatcher Failure.

Britain is poised to usher in another nuclear renaissance, except this
time the government says it will actually happen. A lot has changed since
previous promises — the push to zero out emissions, the high political
stakes to ensure energy security and a different financing model mean now
is the time to build nuclear power stations, energy minister Greg Hands
said.

“We want the U.K. nuclear industry in a fantastic renaissance, to
be able to avail itself of a variety of developers and financiers,” Hands
said in an interview Tuesday in his office in Westminster. “The Russian
invasion of Ukraine has put a premium on energy security, and one of the
huge advantages of nuclear is that it is, very largely, homegrown.”

ED. note – Whaa-aat? Home grown? – they have to import all the nuclear fuel

It’s not the first time the U.K. has tried to revive its nuclear
industry: efforts have been underway since the 1980s under different
governments. But just one plant is being built — Hinkley Point C.

Conservative Prime Minister Boris Johnson committed to building as many as
eight nuclear plants by 2050 in the government’s energy-security strategy
released last month. He tweeted Monday after visiting the plant in
Hartlepool that “instead of a new one every decade, we’re going to
build one every year.”

Achieving that will require a significant
acceleration in the pace of development, and only Electricite de France SA
has firm plans for a large-scale facility at Sizewell. “The U.K.
government has a lot of work to do to deliver on this target,”
BloombergNEF said in an April report.

Hands said the government is talking
with Westinghouse Electric Co., Toshiba Corp., state-owned Korea Electric
Power Corp. and EDF, among others, about building new plants. The intention
is to get them approved this decade to meet the 2050 target.

The biggest hurdle is financing: nuclear plants cost about 20 billion pounds ($25
billion) and compete for investor capital with renewables, which provide
returns much quicker. Boris Johnson’s Bold Nuclear Bet Has Echoes of
Thatcher Failure.

An overhaul of the financing mechanism for atomic plants
was meant to attract more funds. The regulated asset base, or RAB, model is
supposed to encourage private investors and dilute the construction risk
shouldered by the developer and taxpayers. “Traditionally, the problem
with nuclear has always been that you put a lot of money in, and you
don’t get any return for at least 10 years,” Hands said. “In the RAB
model, you allow the investor to get a return from really the point at
which construction starts rather than the point at which electricity is
connected.”

Hands and the department of business, energy and industrial
strategy is working with investment minister Gerry Grimstone and the
department for international trade to attract investors. The financing
model has been “well-received,” Hands said.

The government hasn’t
ruled out taking a stake in the Sizewell project, Hands said. While
building up a large pipeline of nuclear projects may help the U.K.’s
long-term security of supply, it does nothing to alleviate the upward
pressure on energy prices currently affecting ordinary Britons. 


Bloomberg 4th May 2022 https://www.bloomberg.com/news/articles/2022-05-04/u-k-says-nuclear-renaissance-will-be-different-this-time-around

May 7, 2022 Posted by | politics, UK | Leave a comment

UK Nuclear Waste Services to airgun blast the Irish Sea – the public not consulted

 Nuclear Waste Services and the “Community Partnerships” of South and
Mid-Copeland plan to airgun blast the Irish Sea this summer to test the
sub-sea geology.

This plan is to take place over the heads of the public
who have had no say on the matter despite seismic testing being a dangerous
and controversial technology with damaging impacts on marine life. We have
sent a letter to Living Seas North West to ask them not to collaborate with
this terrible plan.

There is also a petition to sign – the more shares and
signatures the more we will raise awareness and opposition to this plan to
airgun blast the Irish Sea every 10 seconds, 24 hours a day for four weeks
in July/August. 

Radiation Free Lakeland 5th May 2022https://mariannewildart.wordpress.com/2022/05/05/halt-seismic-testing-of-irish-sea-for-deep-nuclear-dump-this-summer/

May 7, 2022 Posted by | safety, Ukraine | Leave a comment

Nuclear War Threat Drives Greater Divide Between U.S., China

NewsWeek, BY JON JACKSON ON 5/6/22   THE ALREADY TENUOUS RELATIONSHIP BETWEEN THE UNITED STATES AND CHINA RISKS FURTHER DETERIORATION FOLLOWING RECENT COMMENTS FROM EACH COUNTRY REGARDING THE THREAT OF NUCLEAR WAR THE OTHER PRESENTS.

Admiral Charles Richard spoke Wednesday during a hearing assembled by the Senate Armed Services strategic forces subcommittee about the escalated nuclear threat posed by China since its ally Russia began its invasion of Ukraine.

“We are facing a crisis deterrence dynamic right now that we have only seen a few times in our nation’s history,” Richard, who is head of the U.S. Strategic Command, said. “The war in Ukraine and China’s nuclear trajectory—their strategic breakout—demonstrates that we have a deterrence and assurance gap based on the threat of limited nuclear employment.”

During a Friday press conference, China’s foreign ministry spokesperson Zhao Lijian was asked about Richard’s remarks.

China follows a self-defensive nuclear strategy and keeps its nuclear forces at the minimum level required to safeguard national security. We stay committed to no first use of nuclear weapons at any time and under any circumstances, and undertake unequivocally and unconditionally not to use or threaten to use nuclear weapons against non-nuclear-weapon states or nuclear-weapon-free zones,” Zhao said. “This policy remains clear and consistent. China opposes any form of ‘China nuclear threat’ theory.”He further charged that U.S. officials were trying to shift “the blame to others.””Some individuals in the U.S. have been hyping up various versions of the so-called ‘China nuclear threat,'” Zhao said. “As is known to all, the U.S. is the biggest source of nuclear threat in the world”…………………………………….. . https://www.newsweek.com/nuclear-war-threat-drives-greater-divide-between-us-china-1704340

May 7, 2022 Posted by | China, politics international, USA, weapons and war | Leave a comment

Ohio Democratic Party sues Governor over cover-up of records of the nuclear bailout scandal.

Ohio Democratic Party suesDeWine over FirstEnergy, nuclear bailout law records,

The Statehouse News Bureau | By Karen Kasler May 6, 2022    The Ohio Democratic Party has filed a lawsuit against Gov. Mike DeWine’s administration, saying they’re breaking the state’s public records law in turning over documents with information blacked out.

The lawsuit demands those documents related to the House Bill 6 corruption scandal be turned over without the redactions.

Democrats are searching for connections between DeWine and two FirstEnergy executives who admitted bribing former Ohio House Speaker Larry Householder and former Ohio Public Utilities Commission chair Sam Randazzo. The company agreed to a $230 million fine last summer.

Ohio Democratic Party Chair Liz Walters said public records requests for DeWine’s meetings calendar were ignored last year. The party filed requests again in January and threatened a lawsuit if the records weren’t turned over.

“Facing public pressure, DeWine released redacted documents that didn’t follow the law and refused to release the rest,” Walters said. “We’re not going to let DeWine stonewall his way out of responsibility for this scandal.”

While the $150 million nuclear bailout subsidies in the law have been repealed, Walters said taxpayer dollars are still going to two coal plants operated by the Ohio Valley Electric Corporation (OVEC), and are still appearing on ratepayers’ electric bills. She said $287,000 is being paid each day in subsidies to one of those plants, the Clifty Creek facility located in Indiana.

As speaker, Householder championed the sweeping nuclear power plant bailout known as House Bill 6. He’s accused of controlling a 501(c)4 funded by FirstEnergy in exchange for passing that legislation to serve the utility’s interests. Householder has maintained his innocence, and is awaiting trial on corruption charges next January. He was expelled from the House last year.

In its deferred plea agreement, FirstEnergy said it paid a $4 million bribe to Randazzo before DeWine appointed him as chair of the Public Utilities Commission of Ohio. Randazzo resigned in November 2020 after an FBI raid of his Columbus home. Randazzo has not been charged with any crime.

Democratic candidates have made it clear that they intend to use the House Bill 6 corruption scandal in this year’s campaigns, including gubernatorial nominee Nan Whaley, who’s running against DeWine………………….  to see more, visit The Statehouse News Bureau.  https://news.wosu.org/politics-government/2022-05-06/ohio-democratic-party-sues-dewine-over-firstenergy-nuclear-bailout-law-records

May 7, 2022 Posted by | Legal, USA | Leave a comment