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The News That Matters about the Nuclear Industry Fukushima Chernobyl Mayak Three Mile Island Atomic Testing Radiation Isotope

USA taxpayers’ money can now go to private companies overseas building nuclear reactors!

Kinzinger Applauds Rule Change On International Private Nuclear Programs  http://www.wcsjnews.com/news/local/kinzinger-applauds-rule-change-on-international-private-nuclear-programs/article_b54bef56-af18-11ea-8e41-17fada1bb113.html Jun 15, 2020 

    • Congressman Adam Kinzinger is applauding a decision by the U.S. International Development Finance Corporation that would allow America to support civilian nuclear power projects around the world.  Kinzinger wrote a letter to the DFC in March expressing his concerns with internal guidelines that prevented the federal organization from cooperating with international civil nuclear projects. Now that the US can invest in foreign private nuclear programs, Kinzinger said this will strengthen our allies in Eastern Europe and deal a blow to the predatory business practices of Russia and China.

June 16, 2020 Posted by | business and costs, politics, USA | Leave a comment

Bernie Sanders, and moving the money away from militarism

For many years now, the Congressional Delegate from Colonized Washington D.C., Eleanor Holmes Norton, has introduced a resolution to move funding from nuclear weapons to useful projects. At some point, bills like that one need to rise to the top of our agenda. But Sanders’ amendment is a current priority, because it can be attached this month to a bill that the supposedly partisan and divided and gridlocked U.S. Congress has consistently and harmoniously passed with overwhelming majorities every year since time immemorial. 

We need this step now and it is obtainable. Get out there and demand

June 15, 2020 Posted by | business and costs, USA, weapons and war | Leave a comment

Why doesn’t debt-ridden EDF cut its losses and close its uneconomic UK nuclear reactors

June 13, 2020 Posted by | business and costs, France, UK | Leave a comment

Plan for USA’s taxpayers to fund nuclear power exports

June 13, 2020 Posted by | business and costs, politics, USA | Leave a comment

U.S. nuclear industry looks for salvation to hydrogen production – clutching at straws?

June 13, 2020 Posted by | business and costs, technology, USA | Leave a comment

USA’s reckless nuclear spending as coronovirus hits the nation

June 11, 2020 Posted by | business and costs, politics, USA, weapons and war | Leave a comment

USA’s  International Development Finance Corp will remove its ban on financing exports of US nuclear technologies.

US agency plans to lift nuclear power plant financing ban: spokeswoman  S and P Global Platt’s, Author, Joniel Cha 10 June 20 Washington — International Development Finance Corp., a US federal agency, will end its ban on financing nuclear power plant projects, a spokeswoman said June 10, a move that follows the Trump administration’s support for US reactor exports.

“This week, DFC plans to announce a 30-day public comment period on a proposed policy change to remove DFC’s legacy prohibition on support of nuclear power projects in developing countries,” the spokeswoman, Laura Allen, told S&P Global Platts.  …

Allen declined to provide a timeline for when she expects DFC could begin financing exports of US nuclear technologies.

Industry sources said in May that DFC lacks the personnel and expertise to properly evaluate the financing of nuclear projects.

DFC was created in 2019 through the consolidation of Overseas Private Investment Corp. and the US Agency for International Development’s Development Credit Authority. DFC has a total investment limit of $60 billion, more than double OPIC’s $29 billion investment cap, according to DFC’s website.

OPIC and USAID both had bans in place prohibiting them from supporting nuclear reactor projects.

To “empower U.S. export competitiveness,” the federal government should “level the playing field versus foreign competitors, expand the arena of competition space, and challenge our rivals,” the Nuclear Fuel Working Group said in an April report.

A White House working group report released April 23 by the Department of Energy recommended the removal of a financing ban on US nuclear energy technologies. The Nuclear Fuel Working Group was formed in July by President Donald Trump to provide recommendations to revive and expand the US nuclear energy sector.

The working group said the US has not sold reactors overseas recently and “is missing out on a nuclear reactor market” the Commerce Department estimates is valued at $500 billion-$740 billion over the next 10 years.

Six US senators wrote the DFC in October, saying the agency should overturn the “categorical prohibition” against supporting civil nuclear energy projects.

ClearPath, a “conservative, clean energy” group, supports lifting the US ban on financing nuclear projects, Rich Powell, executive director, said June 10.

“By lifting the previous restrictions on the U.S. nuclear energy industry to develop internationally, America is taking a huge step to truly offer a competitive product – similar to the incentives China and Russia provide when they approach other countries with offers to develop infrastructure and energy,” Powell said in a statement. https://www.spglobal.com/platts/en/market-insights/podcasts/focus/060520-hydrogen-aviation-future-energy-transportation-decarbonisation

June 11, 2020 Posted by | business and costs, marketing, marketing of nuclear, USA | Leave a comment

USA offers to build Britain’s nuclear reactors

US offers to build UK’s 5G and nuclear stations to end ‘coercive’ relationship with China
Mike Pompeo said the United States ‘stands ready to assist our friends in the U.K’ T
elegraph UK , By  Danielle Sheridan, POLITICAL CORRESPONDENT10 June 2020 • America has offered to build Britain’s 5G and nuclear power stations so that the  “coercive and bullying” relationship with China can end, Mike Pompeo has said.

In a statement released yesterday the US Secretary of State said America stood with its “allies and partners against the Chinese Communist Party’s (CCP) coercive bullying tactics”, as he sighted reports that Beijing had threatened to punish HSBC and “break commitments to build nuclear power plants in the United Kingdom unless London allows Huawei to build its 5G network”.

HSBC is understood to have claimed that it could face reprisals in China if Huawei was blocked from selling equipment to the next generation of networks being built by Britain’s mobile operators….  (subscribers onlyhttps://www.telegraph.co.uk/politics/2020/06/10/us-offers-build-uks-5g-nuclear-stations-end-coercive-relationship/

June 11, 2020 Posted by | marketing, politics international, UK, USA | Leave a comment

USA’s failing nuclear industry will not be saved by new plan to stockpile uranium

Will More Uranium Really Solve America’s Nuclear Crisis?  Oil Price, By Haley Zaremba – Jun 10, 2020, “……..  Even though the United States is responsible for a whopping third of all nuclear energy production worldwide, the country is quickly losing ground as nuclear plants struggle to turn a profit. Hit hard by the influx of cheap oil and natural gas from the domestic shale revolution, the nuclear energy industry in the U.S. is now being pummeled once again by COVID-19, and this time, many experts are wondering whether the industry can weather the storm.
Now, the U.S. Department of Energy (DOE) is mobilizing to combat the failure of the domestic nuclear energy sector. “Energy Secretary Dan Brouillette, the top brass of DOE and what loosely might be described as the nuclear energy establishment took to a webinar May 29 to explain and endorse the plan,” Forbes reported this week. “The industry was represented by Maria Korsnick, CEO of the Nuclear Energy Institute, the dominant nuclear power trade association, and by Clarence ‘Bud’ Albright, CEO of the smaller U.S. Nuclear Industry Council.” 
 The ambitious plan to revitalize U.S. nuclear energy centers around “the creation of a $1.5-billion uranium stockpile along with associated nuclear processing facilities,” said Forbes. “Collectively, these are known as the front end of the nuclear fuel cycle.”  ……but will this really save the nuclear industry?
Not really, since uranium has never been the issue. ……..“But the DOE has undermined its own nuclear navy argument by stating that the nuclear navy is well-supplied with fuel until 2050, and more uranium in storage would do nothing for the nuclear industry which is in decline. It is the equivalent of getting a haircut to cure a stomachache.”
According to Forbes’ reporting, this new plan lacks teeth because it does nothing to address what it identifies as the “two real problems of the [nuclear energy] industry,” which are the absence of a domestic market for new nuclear reactors and the difficulty in maintaining operations at the country’s existing plants. In fact, the U.S. has built next to zero new reactors in the last three decades, and those reactors that are managing to stay above water are largely doing so thanks to hefty government subsidies.
And then there is the crushing cost of maintaining nuclear waste, which is falling on the shoulders of U.S. taxpayers.…….https://oilprice.com/Alternative-Energy/Nuclear-Power/Will-More-Uranium-Really-Solve-Americas-Nuclear-Crisis.html

June 11, 2020 Posted by | business and costs, politics, USA | Leave a comment

Many $billions for U.S. Air Force’s new nuclear weapons

The Air Force Is Getting Ready To Receive New Nuclear Weapons, National Interest, David Axe, 5 June 20, Here’s What You Need To Remember: Now the command is in the beginning of a modernization effort costing tens of billions of dollars. New B-21 stealth bombers are slated to supplant the B-1s and B-2s starting in the mid-2020s. The Ground-Based Strategic Deterrent rocket, a replacement for the 1960s-vintage Minuteman, is in development.

The U.S. Air Force’s nuclear command says it’s about to undergo a major reorganization as it prepares to field new bombs, missiles, bombers and rockets.

Air Force Global Strike Command stood up in 2009 as the successor to Strategic Air Command, which maintained around-the-clock nuclear alerts during the Cold War.

Today the command’s 34,000 personnel oversee 20 B-2 stealth bombers, 76 B-52 bombers and 450 Minuteman III intercontinental ballistic missiles together capable of delivering thousands of nuclear warheads.

It also operates 62 B-1 bombers that do not have a nuclear mission.

AFGSC’s forces comprise the aerial and ground “legs” of the United States’s atomic triad, which also includes the U.S. Navy’s submarine-launched Trident ballistic missiles.

The command’s forces are capable of extinguishing essentially all life on Earth within a matter of hours.

Accidents and misbehavior marred AFGSC’s early years. In 2014 ICBM crews got caught cheating on tests. In 2018 security forces at Minot Air Force Base, home to a portion of the Minuteman fleet, lost track of some of their weapons. The suicide rate is high in the atomic force.

Now the command is in the beginning of a modernization effort costing tens of billions of dollars. New B-21 stealth bombers are slated to supplant the B-1s and B-2s starting in the mid-2020s. The Ground-Based Strategic Deterrent rocket, a replacement for the 1960s-vintage Minuteman, is in development.

The new Long-Range Stand-Off Weapon, a nuclear-tipped cruise missile, will replace the B-52’s current nuclear cruise missiles. The bomber fleet is getting a refurbished model of its main atomic gravity bomb, the B-61. The missile wings’ security forces are swapping out their five-decade-old UH-1 helicopters for new MH-139s……….https://news.yahoo.com/air-force-getting-ready-receive-060000340.html

June 8, 2020 Posted by | business and costs, USA, weapons and war | Leave a comment

Czech Fiscal Council warns on the long-term risk of financing a new nuclear reactor

 

Even the World Nuclear News, voice of the global nuclear industry, admits that nuclear reactors are just too costly

Czech budget council warns of Dukovany cost  https://www.world-nuclear-news.org/Articles/Czech-budget-council-warns-of-Dukovany-cost 05 June 2020 

The Czech Fiscal Council, Národní rozpočtová rada (NRR), has warned that financing a new nuclear power unit could have a long-term impact on the country’s budget and could be “a lot higher” than current estimates.

Czech Prime Minister Andrej Babiš said last week that the government will provide a loan to ČEZ to cover 70% of the cost of building a new unit at the Dukovany nuclear power plant, with the majority state-owned utility funding the remaining 30%. The project cost is estimated to be about EUR6.0 billion (USD6.7 billion).

In its latest quarterly report, published on 3 June, the NRR said it was outside its remit to comment on the country’s choice of energy mix, but that it considered it necessary to comment on aspects of policy that significantly affect public budgets.

“In May 2020, the government presented a proposal to provide a loan to ČEZ covering up to 70% of the funds needed for the completion of the Dukovany nuclear power plant, while the costs of project implementation are expected to be around CZK160 billion. It’s obvious that such an amount would have to be secured by the state on the capital markets and thus the share of public debt in GDP would increase,” it said.

v”In addition, experience from the construction of nuclear power plants abroad in recent years has shown that the budgeted amounts are generally significantly exceeded. In the end, the fiscal costs of completing a nuclear power plant may be significantly higher than current estimates. Decisions of similar importance should therefore, in the NRR’s view, be taken on the basis of careful analysis and after a more detailed discussion.”

ČEZ applied to the State Office for Nuclear Safety on 25 March to construct two new reactors at its Dukovany nuclear power plant. Four VVER-440 units are currently in operation at the site, in Vysočina Region.

June 6, 2020 Posted by | business and costs, EUROPE, politics | Leave a comment

Most UK pension providers are investing in nuclear weapons companies


“The UN Treaty on the Prohibition of Nuclear Weapons (TPNW) was agreed in 2017.

“Once this is ratified by 50 states and comes into effect as a new piece of international law, the implications will be significant for nuclear armed states and financial institutions alike.

“The biggest banking corporations have a global reach and cannot disregard international law.”

June 4, 2020 Posted by | business and costs, UK, weapons and war | Leave a comment

U.S. taxpayers bearing the crushing cost of nuclear waste

The Crushing Cost Of Nuclear Waste Is Weighing On Taxpayers, Oil Price, 
By Haley Zaremba – Jun 19, 2019  The Maine Yankee nuclear power plant hasn’t produced a single watt of energy in more than two decades, but it cost U.S. taxpayers about $35 million this year.” So begins a powerful report this week about the crushing cost of nuclear waste storage by the Los Angeles Times……..In the United States, where the nuclear industry is ailing, this is particularly bad news. More plants are shutting down than are going online, and many of the nuclear plants that are continuing to function are able to do so in large part thanks to government subsidies at the state level, which is to say, even more taxpayer dollars.

The Trump administration, for its part, has made efforts to combat the rising prices of nuclear waste storage–albeit extremely controversial ones. Just this month, “in a move that will roll back safety standards that have been observed for decades” says not-for-profit news organization Truthout, “the Trump administration reportedly has plans to reclassify nuclear waste previously listed as “high-level” radioactive to a lower level, in the interest of saving money and time when disposing of the material.”

While this may be a quick fix for the massive amounts of money flowing out of taxpayer pockets and into the nuclear energy industry, it’s certainly not a sustainable solution for what could easily become a national health crisis if mismanaged. ……https://oilprice.com/Alternative-Energy/Nuclear-Power/The-Crushing-Cost-Of-Nuclear-Waste-Is-Weighing-On-Taxpayers.html

June 4, 2020 Posted by | business and costs, USA, wastes | Leave a comment

UK’s Sizewell nuclear plan in doubt, due to cost and China’s involvement?

Plan for new UK nuclear plant under intense scrutiny, Proposal for reactor attracts attention because of Chinese role as well as cost Ft.com  Nathalie Thomas in Edinburgh and Jim Pickard in London, JUNE 2 2020

On England’s east coast, a 32-hectare piece of land surrounded by marshes and woods has become the latest focus for the fierce debate about the future of nuclear power in the UK. France’s EDF and China’s CGN last week submitted a planning application to a government agency for a 3.2 gigawatt atomic power plant on a site called Sizewell in Suffolk, which could produce about 7 per cent of Britain’s electricity. The location is already home to another plant operated by EDF.

……  The planning application by EDF and CGN for the Sizewell C plant has unleashed fresh questions over whether Britain needs more large nuclear plants, and stirred controversy about China’s role in critical UK infrastructure as diplomatic relations between the two countries cool, notably over Hong Kong. It also comes at a time when the government is focused on pumping money into infrastructure, including energy, potentially as part of an economic stimulus package that chancellor Rishi Sunak is set to unveil in July in response to the coronavirus crisis.

The planning application by EDF and CGN for the Sizewell C plant has unleashed fresh questions over whether Britain needs more large nuclear plants, and stirred controversy about China’s role in critical UK infrastructure as diplomatic relations between the two countries cool, notably over Hong Kong. It also comes at a time when the government is focused on pumping money into infrastructure, including energy, potentially as part of an economic stimulus package that chancellor Rishi Sunak is set to unveil in July in response to the coronavirus crisis.
……. Another proposed plant in Cumbria was shelved by Japan’s Toshiba in 2018. Japan’s Hitachi froze its plans for a plant on Anglesey last year, although it has continued to pursue planning permission.
……..

Environmentalists insist cheaper, green technologies such as wind, solar and batteries should take precedence over nuclear. ……….Nuclear just isn’t cost-effective,” said Doug Parr, chief scientist for campaign group Greenpeace.

 Amid delays partly stemming from technology challenges, the construction costs of Hinkley Point C and other plants using a design called the European pressurised reactor, such as EDF’s Flamanville power station in France, have spiralled. EDF said last year that Hinkley could cost as much as £22.5bn. Two-thirds of that expense will be borne by EDF and the remainder by CGN, and executives at the French company have made clear it cannot afford to shoulder that level of construction risk again. But the electricity produced by Hinkley Point C will come at a high cost to consumers. The government guaranteed EDF and CGN would receive £92.50 per megawatt hour for the power generated at the plant for 35 years in return for the companies taking on all the construction risk, including any cost overruns. That deal was based on 2012 prices and rises each year with inflation. By comparison, offshore wind developers have agreed to build projects for prices as low as £39.65/MWh in 2012 terms.
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https://www.ft.com/content/4e3221ef-ac1e-43cc-8d68-e1397ca0637f

Against this backdrop, the government last year launched a consultation on a possible new funding model for new nuclear plants. The so-called regulated asset base model is attractive to developers because it would cut the cost of capital for a new nuclear plant, reflecting how consumers would pay upfront for the project through their energy bills. These consumers could be left picking up the tab for cost overruns.

  Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.
https://www.ft.com/content/4e3221ef-ac1e-43cc-8d68-e1397ca0637f

Against this backdrop, the government last year launched a consultation on a possible new funding model for new nuclear plants. The so-called regulated asset base model is attractive to developers because it would cut the cost of capital for a new nuclear plant, reflecting how consumers would pay upfront for the project through their energy bills. These consumers could be left picking up the tab for cost overruns……. https://www.ft.com/content/4e3221ef-ac1e-43cc-8d68-e1397ca0637f

June 4, 2020 Posted by | business and costs, politics international, UK | Leave a comment

EDF terminates nuclear electricity supply contracts,

EDF terminates nuclear electricity supply contracts, WNN ,03 June 2020 French utility EDF has notified three energy suppliers – Alpiq, Gazel Energie and Total Direct Energie – of the termination of their contracts under a mechanism that allows rival suppliers to buy electricity produced by EDF’s nuclear power plants. The suppliers had sought to invoke the force majeure clause in their supply contracts with EDF…….

EDF announced today that it had terminated the ARENH contracts it has with Alpiq, Gazel and Total Direct Energie, as provided for in the contracts when an interruption occurs for a period of over two months.

“The COVID-19 health crisis and the emergency measures introduced by public authorities on 17 March 2020 led to a decline in electricity consumption by non-residential clients, impacting all market players, including EDF,” the company said. “Faced with this decline in electricity consumption, some suppliers decided to revoke their contractual commitments citing force majeure to reduce the volumes bought last November as part of the ARENH contract.”…… https://www.world-nuclear-news.org/Articles/EDF-terminates-nuclear-electricity-supply-contract

June 4, 2020 Posted by | business and costs, France | Leave a comment