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
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- 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.
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
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Bernie, Amendments, and Moving the Money, Senator Bernie Sanders has finally done something that some of us thought would give his presidential campaign a big boost four years ago, and again this past year. He’s proposed to introduce legislation to move a significant amount of money from militarism to human and environmental needs (or at least human needs; the details aren’t clear, but moving money out of militarism is an environmental need).Better late than never! Let’s make it happen with an overwhelming show of public support! And let’s make it a first step!
Technically, back in February, Bernie buried in a fact-sheet about how he would pay for everything he wanted to do, an $81 billion annual cut to military spending. While his current proposal is even smaller at $74 billion, it is a straightforward proposal to move the money; it’s not buried in a long document seeking to pay for transformative change almost entirely by taxing the wealthy; it’s already been covered at least by progressive media; it connects with a current burst of extraordinary activism, and Sanders has tweeted this: “Instead of spending $740 billion on the Dept. of Defense, let’s rebuild communities at home devastated by poverty and incarceration. I’ll be filing an amendment to cut the DoD by 10% and reinvest that money in cities and towns that we’ve neglected and abandoned for far too long.” And this: “Instead of spending more money on weapons of mass destruction designed to kill as many people as possible, maybe—just maybe—we should invest in improving lives right here in the United States of America. That’s what my amendment is all about.” One reason for this move by Sanders is almost certainly the current activism demanding that resources be moved from armed policing to useful expenses. The grotesque diversion of local budgets into militarized police and prisons is of course far outstripped in absolute numbers, in proportions, and in the suffering and death created, by Congress’s diversion of the federal discretionary budget into war and preparations for more war — which is of course where the weaponry and warrior training and a lot of the destructive attitudes and the troubled misguided veterans in local policing come from. Trump’s 2021 budget request varies little from past years. It includes 55% of discretionary spending for militarism. That leaves 45% of the money Congress votes on for everything else: environmental protections, energy, education, transportation, diplomacy, housing, agriculture, science, disease pandemics, parks, foreign (non-weapons) aid, etc., etc. The priorities of the U.S. government have been wildly out of touch with both morality and public opinion for decades, and have been moving in the wrong direction even as awareness of the crises facing us has inched upward. It would cost less than 3% of U.S. military spending, according to UN figures, to end starvation on earth, and about 1% to provide the world with clean drinking water. Less than 7% of military spending would wipe out poverty in the United States. Continue reading |
Why doesn’t debt-ridden EDF cut its losses and close its uneconomic UK nuclear reactors
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Unanswered questions dog UK’s new nuclear plans Climate News Network June 11th, 2020, by Paul Brown A French company has designs on the United Kingdom: new nuclear plans for more reactors, with British consumers footing the bill.
– The French company EDF, a company in a hurry, wants permission to start building two more reactors in the United Kingdom, and it hopes to save money – by arranging for British taxpayers to pay the capital costs of its new nuclear plans. EDF is already building two reactors at Hinkley Point in the West of England, and it is hoping to transfer workers from that site to Suffolk, on the east coast, believing that will help it to save up to 20% of the construction cost of the two planned reactors, because everyone employed there will know already what to do. The catch is that EDF has no money itself to finance the construction and wants the UK government to impose a new tax on British electricity consumers so that they will pay the cost through their electricity bills. The UK has yet to decide whether to go ahead with this tax, euphemistically called a Regulated Asset Base. If adopted, what the scheme means is that the UK consumer will pay EDF’s bills rather than the company having to borrow the money from banks, which are increasingly unlikely to lend money to such expensive schemes because they take so long to build and promise little return. Anxieties abound Meanwhile EDF, which has a Chinese nuclear company as its junior partner, promises to create 25,000 jobs, including 1,000 apprenticeships during construction, and says 900 full-time jobs will be available when Sizewell C, as the station will be called, is complete. If all goes to plan the company hopes to start work in 18 months and says the two reactors will take 10 years to build. It expects them to provide 7% of the UK’s electricity, enough for six million homes. There are many objectors. Some say much of the coastline will be badly affected, including internationally important nature reserves. Others fear the site is highly vulnerable to sea level rise and therefore a danger to the public. Local people also fear that the construction site, with its attendant lorry and commuter traffic, will disrupt their lives for a decade, destroying the important tourist trade. Cheaper options Other more strategic objections, which might weigh heavier with the government, are that nuclear power is very expensive and much cheaper and less controversial alternatives exist, particularly on-shore and off-shore wind and solar power, and biogas. More importantly, a drive for energy efficiency, badly neglected in the UK at present, would render the whole project unnecessary. The problem EDF has is its track record on construction and repairs. The type of reactor it plans to build, the European Pressurised Water Reactor, said by the company to be the most powerful in the world, is proving extremely difficult to build, and till now none has yet been completed outside China. Construction is running more than 10 years late in both Finland and France, and costs continue to escalate.
EDF’s debts are now huge, so big that the French state is working out how to restructure the company by splitting it into a renewables arm (which is profitable) and a nuclear branch. There are serious doubts about the reliability of EDF’s claims and timetables for fixing existing power stations and opening new ones. The company currently owns all of the UK’s operating nuclear reactors, most of which are near the end of their lives, and there are serious doubts about whether they are economic and in some cases even safe. Two reactors at Hunterston in Scotland have serious cracking in the graphite blocks that are part of the control mechanism. The company has spent two years trying to justify continuing to operate the reactors to the Office for Nuclear Regulation (ONR). Similarly, at the other end of the UK, at Dungeness in south-east England, the station is also closed for extensive repairs, an outage that was going to take weeks has now stretched to two years – and the start-up date has just been put back again. Looking on the bright side One of the features of all of EDF’s activities is the extraordinary optimism the company seems to have, particularly about when reactors will be finished or ready to restart after repairs. With the Hunterston reactors restart dates have been announced nine times, only to be postponed each time. This track record led the Climate News Network to ask EDF some searching questions, including why they continued to offer optimistic start-up dates that were repeatedly postponed. We also asked why the company kept the Hunterston and Dungeness stations open at all, since repairing them was costly and they were already near the end of their operating lives. We asked EDF: “At what point do you cut your losses and close the stations permanently?” After five days of pleading for more time to answer, it sent us already published press releases extolling the virtues of the plan to build Sizewell, and several comments. …….HTTPS://CLIMATENEWSNETWORK.NET/UNANSWERED-QUESTIONS-DOG-UKS-NEW-NUCLEAR-PLAN/, l |
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Plan for USA’s taxpayers to fund nuclear power exports
US Agency Proposes Financing of Nuclear Power Exports, VOA, By Reuters June 11, 2020 WASHINGTON – A U.S. development agency proposed lifting restrictions that bar the financing of advanced nuclear energy projects abroad, a move the Trump administration hopes will help the industry compete with state-owned companies in China and Russia.
The U.S. International Development Finance Corp., or DFC, late Wednesday opened a 30-day comment period on the proposal. The idea was included in the Trump administration’s Nuclear Fuel Working Group report, released in April, on ways to modernize nuclear energy policy……. The DFC, which replaced the Overseas Private Investment Corp., launched in January with a $60 billion budget. It is seen by analysts as an attempt by Washington to provide an alternative to Beijing’s sweeping Belt and Road Initiative, which sponsors large-scale infrastructure, like nuclear projects, in developing countries. Russia’s state-owned nuclear energy company, Rosatom, is also looking to sell nuclear technology. Ed Lyman, a nuclear power expert at the Union of Concerned Scientists, said it is “utterly irresponsible for the Trump administration to promote the export of unproven and potentially dangerous nuclear technologies to the developing world.” He said Washington should first work with countries to create independent nuclear regulators. …….. Advanced nuclear power is expected to be less expensive than traditional nuclear stations costing tens of billions of dollars. But nonproliferation experts caution that the plants and their supply chains could become targets of attack. https://www.voanews.com/usa/us-agency-proposes-financing-nuclear-power-exports |
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U.S. nuclear industry looks for salvation to hydrogen production – clutching at straws?
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Hydrogen May Be a Lifeline for Nuclear—But It Won’t Be Easy, Power, Jun 11, 2020, by Sonal Patel Four U.S. nuclear generators—Energy Harbor, Xcel Energy, Exelon, and Arizona Public Service (APS)—are making headway on projects to demonstrate hydrogen production at nuclear plants, but scaling those efforts up to net new end-users and sources of revenue is still ridden with hurdles, company officials said in a panel discussion at the American Nuclear Society’s (ANS’s) virtual 2020 annual meeting on June 9………
The economics are especially important for Exelon, the nation’s largest nuclear generator, and exploring hydrogen production is a natural evolution to keep its plants financially afloat amid stagnating load growth and challenging economics in competitive energy markets, Greenlee said.
Energy Harbor faces similar predicaments. In 2018, the independent power producer—which was known as FirstEnergy Solutions until Feb. 27, when it completed Chapter 11 restructuring—had planned to shutter Davis-Besse in 2020; along with the twin-unit 1,872-MW Beaver Valley Power Station in Shippingport, Pennsylvania, in 2021; and the Perry Nuclear Power Plant in Perry, Ohio, in 2021. Last year, Energy Harbor pushed for and won nuclear subsidies in Ohio to keep the Davis-Besse and the Perry nuclear plants open through 2027, and this March, it said Beaver Valley would remain open.
Like Energy Harbor, Exelon helped enact the Future Energy Jobs Act in December 2016 (it went into effect in June 2017), to keep Exelon’s Clinton and Quad Cities plants running. Exelon also strongly backed New York’s Clean Energy Standard, a measure that became effective in April 2017, to preserve the at-risk Nine Mile Point, FitzPatrick, and Ginna reactors in upstate New York. And in 2018, New Jersey also enacted zero-emission credits (ZECs) to bolster profitability of the Hope Creek plant, which is owned by PSEG, and Salem, whose output Exelon owns jointly with PSEG.
As Greenlee noted, Exelon has since 2018 been seeking ways to “repurpose” its nuclear plants to make them more viable. The company’s efforts included convening academic experts, former employees, and former federal regulators in a brainstorm session. “And over the last several years, what we have boiled that table down to is, basically, hydrogen,” he said. “Hydrogen is what we want to look at going forward. We think it fits in with potentially a future hydrogen economy.” …….https://www.powermag.com/hydrogen-may-be-a-lifeline-for-nuclear-but-it-wont-be-easy/
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USA’s reckless nuclear spending as coronovirus hits the nation
Debating US nuclear spending in the age of the coronavirus, Bulletin of the Atomic Scientists By Kingston Reif, June 10, 2020 As the novel coronavirus pandemic continues to exact a terrible human and economic toll on the United States, Americans are adjusting how they view national security. There also appears to be agreement, even within the senior leadership of the Defense Department, that the military budget, which has seen significant growth during the Trump administration, is likely to be pared back in the coming years as federal deficits soar.
So it should be no surprise that the havoc wrought by the virus has also fanned the flames of an ongoing debate about the Trump administration’s aggressive and costly plans to sustain and upgrade the US nuclear arsenal……. The unsustainable nuclear budget. At the Arms Control Association, where I am the director for disarmament and threat reduction policy, we have long argued that the administration’s approach is unnecessary, unsustainable, and unsafe. The financial and opportunity costs have steadily grown and the biggest nuclear weapons modernization bills are just beginning to arrive. Government officials in charge of the nuclear weapons enterprise warn about the “pervasive and overwhelming risk” facing the current nuclear modernization program………. The danger posed by the plans is on full display in the administration’s fiscal year 2021 budget request. The Defense and Energy Departments are requesting $44.5 billion for next year to sustain and modernize US nuclear delivery systems and warheads and their supporting infrastructure, a larger-than-anticipated increase of about $7.3 billion, or 19 percent, from the fiscal year 2020 level. Meanwhile, the administration is recommending a lower overall national defense budget than Congress provided last year. The combination of a decreased topline budget but an increased nuclear budget means that other defense programs would have to be cut. Some programs on the chopping block include the Navy’s planned second Virginia class submarine, the Energy Department’s efforts to clean up nuclear waste leftover from US nuclear weapons production during the Cold War, and the Pentagon’s Cooperative Threat Reduction program, which supports global efforts to detect and secure dangerous pathogens such as the coronavirus. And this was all before the coronavirus began its deadly march across the country and before Congress spent several trillion dollars trying to save the US economy from complete collapse. Although Pentagon officials insist that nuclear weapons should be shielded from possible future defense budget cuts, the pressure on the federal budget imposed by the response to the virus is likely to exacerbate the affordability and execution challenges confronting the administration’s nuclear spending plans. If great power competition with China is the Pentagon’s top priority, is it prudent to sacrifice a Virginia class submarine every year for the next 10 to 15 years to attempt to keep an excessive and overburdened nuclear modernization effort on track? The answer should be no, especially in light of the quantitative and qualitative superiority of the US nuclear arsenal over China’s. In the view of many, the Trump administration’s proposal to expand spending on nuclear weapons is a sad and dangerous illustration of wildly misplaced federal spending priorities. As it proposed a 19 percent increase for nuclear weapons next year, the White House initially planned to slash the budgets for the Centers for Disease Control by 19 percent and the National Institutes of Health by 7 percent. The Pentagon’s proposal to cut the budget for the Cooperative Threat Reduction program in order to fund weapons modernization amid a global pandemic is shockingly reckless…… Inexplicably, the unprecedented economic crisis facing the nation hasn’t stopped some Trump administration officials from raising the prospect of even greater spending on nuclear weapons above and beyond what is already planned. Marshall Billingslea, President Trump’s special envoy for arms control, said recently that if Russia and China don’t agree to US demands for talks on new trilateral arms control to replace the 2010 New Strategic Arms Reduction Treaty (New START), Washington could win a new arms race if necessary. “We know how to win these races, and we know how to spend the adversary into oblivion,” he said. More US spending on nuclear weapons won’t force the current Russian and Chinese leadership to capitulate and would be fraught with peril. The administration’s desire to pursue a more ambitious arms control agreement is the right goal, but it can’t be achieved before New START is slated to expire next February. A new quantitative arms race that could follow the collapse of New START would further undermine stability between the United States and Russia, the health of the global nonproliferation regime, and the US military’s emphasis on competition with China. Our new post-pandemic reality should make it all the more obvious that the current modernization plans need to be reconsidered in a way that eliminates the most excessive and destabilizing elements, saves taxpayer dollars for other pressing national and health security needs, and is in sync with a revitalized and realistic strategy to cap and reduce global nuclear stockpiles…….. Lisa Gordon Hagerty, head of the National Nuclear Security Administration, was asked to explain the rationale for such a large unplanned increase at a Congressional hearing in March, but her attempt at an answer hardly cleared up the situation. Perhaps there is a clearer explanation for why the agency so badly misjudged its funding needs for 2021, but if so the agency has yet to provide it…. (lengthy rebuttal of Frank Miller’s claims about nuclear weapons spending) ……. https://thebulletin.org/2020/06/debating-us-nuclear-spending-in-the-age-of-the-coronavirus/# |
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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.
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
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’ Telegraph 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 only) https://www.telegraph.co.uk/politics/2020/06/10/us-offers-build-uks-5g-nuclear-stations-end-coercive-relationship/
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.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
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.
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.”
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Concerns raised over pension investments in nuclear weapons,
https://www.pensionsage.com/pa/Most-pension-providers-investing-in-nuclear-weapons.php By Sophie Smith 03/6/20 A report by the UK Nuclear Weapons Financing Research Group has raised concerns about the number of pension providers investing in companies that are producing nuclear weapons.
The report, Banks, Pensions and Nuclear Weapons: Investing in Change, found that among pension providers, policy on restricting investment in nuclear weapons is generally limited to ethical funds. Continue reading |
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
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
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.
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.
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https://www.ft.com/content/4e3221ef-ac1e-43cc-8d68-e1397ca0637f
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
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