nuclear-news

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

Nuclear power – uninsurable, cannot exist in private market system

the question is not whether government should ban nuclear power. The question is whether it should stop propping it up.


How to “Ban” Nuclear Power, by Kevin Carson , Mar 17, 2011 “……….the actual problem is that governments worldwide have been actively intervening for decades to prevent the market from banning nuclear power. Precisely because the stakes are so high and there’s so much room for unforeseen things to go wrong, nuclear power is uninsurable on the private market. Continue reading →

March 19, 2011 Posted by | 2 WORLD, business and costs | 1 Comment

The nuclear resuscitation – finished before it really got started

Diesendorf expects events in Japan will see nuclear power continue its decline – ”despite the claims of its proponents, it is already an industry in stagnation” – and will drive renewable expansion. ”China and India were doing a lot already on renewables … enough to wipe out nuclear.” He foresees increasing emphasis on wind, on solar, and on concentrated solar thermal power.

Is this the end of the nuclear revival?, The Age, Jo Chandler, March 19, 2011 “……Professor Frank von Hippel.”This is definitely in the Chernobyl league now. If the reactors go, that’s bad, of course. But the real concern at this point is if those … spent-fuel pools catch fire. There are many Chernobyls’ worth of radioactive material in there.”……. Continue reading →

March 19, 2011 Posted by | 2 WORLD, business and costs | Leave a comment

Westinghouse, Toshiba, AREVA, Rosatom marketing nuclear power to Czech Republic

U.S.-based Westinghouse Electric Co., a subsidiary of Japan’s Toshiba Corp., France’s state-owned nuclear engineering giant Areva SA and a consortium led by Russia’s Atomstroyexport submitted preliminary bids.

Czechs pledge to develop nuclear energy program  Bloomberg, BusinessWeek. 18 March, PRAGUE The Czech Republic’s prime minister says his country will go ahead with plans to develop its nuclear energy program despite Japan’s nuclear crisis. Continue reading →

March 18, 2011 Posted by | EUROPE, marketing | Leave a comment

French nuclear company chief “in no doubt” that Britain needs nuclear

Mr de Rivaz said his “determination to press ahead was undimmed” and added that he was in no doubt that “what Britain needs is nuclear”.

UK industry must press on, says EDF chief, FT.com , By David Blair and Sylvia Pfeifer in London March 17 2011 The British nuclear industry will have to work harder to keep the public’s trust in the aftermath of Japan’s disaster, Continue reading →

March 18, 2011 Posted by | marketing, UK | Leave a comment

France keen to sell nuclear reactors to South Africa

French companies Areva and EDF presented bids for the supply of highly specialised third-generation reactors,…..the president had not held separate talks with Areva and EDF but had attended a dinner at which all French companies with a stake in South Africa were represented.

SA unveils plans for a nuclear future French interested in supplying technology, Times LIVE, Mar 17, 2011 By CAIPHUS KGOSANAThe cabinet has approved a power generation master plan that calls for nuclear technology to become the single biggest new generator of electricity……. Continue reading →

March 18, 2011 Posted by | business and costs, South Africa | Leave a comment

Nuclear energy shares slammed. solar rocketing up

Uranium ETFs Slammed While Solar ETFs Rally In Wake of Japan Nuclear Blasts  ETF DAILY NEWS, 17 March 11,“………..Solar has never really come into its own without heavy subsidies, and prices at the pump have rising againamid turmoil in the Middle East.  That had left a strong secular case for nuclear power and uranium ETFs.  But everything has changed.  Today’s market action in various energy classes pretty much says it all.  Nuclear energy shares were slammed while solar rocketed up in an overall down day for global indices Monday:……Uranium ETFs Slammed While Solar ETFs Rally In Wake of Japan Nuclear Blasts (NYSE:URA, NYSE:NLR, NYSE:TAN, NYSE:KWT, NYSE:SPY, NYSE:CCJ, NYSE:FRG, NASDAQ:FSLR) | ETF DAILY NEWS

March 18, 2011 Posted by | 2 WORLD, business and costs | Leave a comment

Australian pro nuclear expert explains how Fukushima nuclear plant is safe

The plant is safe now and will stay safe……If you want to stay informed, please forget the usual media outlets [Does he include  the International Atomic Energy Agency as an “usual media outlet” , I wonder?]

Fukushima Nuclear Accident – a Simple and Accurate Explanation, Brave New Climate, Barry Brook, 13 March 2011, [Barry Brook quotes Josef Oehmen, a PhD Scientist, whose father has extensive experience in Germany’s nuclear industry.] Continue reading →

March 15, 2011 Posted by | AUSTRALIA, marketing | Leave a comment

Nuclear marketing going ahead in China and India, anyway

in China, which has the world’s most ambitious nuclear expansion plans, a vice minister of environment, Zhang Lijun, said on Saturday that Japan’s difficulties would not deter his nation’s nuclear rollout…..The United States has lobbied extensively to open India’s nuclear power market to American industry. Indian and American officials spent more than five years negotiating a nuclear energy agreement that was blessed by both governments and international nuclear agencies.

Emerging economies move ahead with nuclear plans, New York Times, by Heather Timmons and Vikas Bajaj, 15 March 11, NEW DELHI — Despite Japan’s crisis, India and China and some other energy-ravenous countries say they plan to keep using their nuclear power plants and building new ones. Continue reading →

March 15, 2011 Posted by | China, India, marketing | Leave a comment

Australia will get nuclear power, top nuclear scientist confident

“We will learn from the tragic Japanese experience how to build more robust reactors, how to ensure multiple layers of protection work properly, how to better contain radioactive gases.” – Ziggy

Ziggy Switkowski,   nuclear physicist, and chief of Australian Nuclear Science and Technology Organisation, is confident that there will be only a short term halt in the nuclear renaissance.

Ziggy’s been explaining on Australian TV (Channel 10 News 14/3/11) and print media (THE AUSTRALIAN, 14/3/11), how Australia doesn’t need to worry about earthquakes and nuclear power, and does need nuclear energy. Indeed, Ziggy looks forward to the boost that nuclear power development will get, from studying the defects in the Japanese nuclear reactors. In this way, the nuclear renaissance will thrive again. Though I dunno that it was thriving even before the Japan disaster, now that I come to think of it. – Christina Macpherson

 

March 14, 2011 Posted by | AUSTRALIA, marketing | Leave a comment

Nuclear industry at a standstill: this could be the end

“The nuclear renaissance was on the rocks in any case,” said Peter Bradford, a former commissioner on the U.S. Nuclear Regulatory Commission. He served on the commission in 1979 during the Three Mile Island accident in the U.S. state of Pennsylvania.

Senator Joe Lieberman, who chairs the U.S. Senate’s homeland security panel, said on Sunday the United States should “put the brakes on” new nuclear power plants until the impact of the incident in Japan became clear.

Analysis: Nuclear renaissance could fizzle after Japan quake

(Reuters) 14 March 11, – Japan‘s battle to avert a full-scale meltdown could damage the global nuclear energy industry, derailing plans to build dozens of new power plants and forestalling any surge in demand for uranium to fuel them. Continue reading →

March 14, 2011 Posted by | business and costs, USA | Leave a comment

Uranium stocks in meltdown

Uranium stocks dumped after Japan crisis

http://news.ninemsn.com.au/article.aspx?id=8223706

Uranium miners hit by nuclear crisis | Japan

March 14, 2011 Posted by | business and costs, Uranium | Leave a comment

Nuclear Energy Institute confident that Japan explosion will ‘reassure’ Americans

All told, the industry expects up to eight new reactors to be churning out power by 2020, according to Mitch Singer, a spokesman for the Nuclear Energy Institute, an industry trade group.

Mr. Singer said he doesn’t think the accident in Japan will derail the U.S. nuclear boom. In fact, he said the explosion should reassure Americans that their own plants will be prepared for any emergency, because the industry will disseminate lessons learned in Japan around the globe, helping other reactors shore up their defenses against even devastating natural disasters, like the quake and the tsunami that followed.

“At this point,” Mr. Singer said, “I don’t think we’re going to see a major impact on the U.S. nuclear industry.”….   – WSJ.com By STEPHANIE SIMON, 13 March 11,.

March 13, 2011 Posted by | marketing, USA | Leave a comment

Nuclear ‘renaissance’ losing its gloss in USA

Even before the explosion in Japan, economic reality had taken a bite out of the nuclear industry’s ambitious expansion plans in the U.S.

Natural gas has been so cheap that utilities have turned to it to generate electricity, rather than contemplate building multi-billion-dollar reactors. The recession has also dampened demand for electrical power, further diminishing the appeal of a massive investment in nuclear facilities….

Japan Nuclear Crisis Could Cause Reassessment in U.S. – WSJ.com By STEPHANIE SIMON, 13 March 11, The U.S. nuclear power industry believed it was poised for a renaissance. Continue reading →

March 13, 2011 Posted by | business and costs, USA | Leave a comment

Who will pay for the Japanese nuclear damage? Not Insurance!

Insurance policies often exclude certain factors from coverage….exclusions on earthquake damage in the property insurance for reactors and exclusions on nuclear damage for homeowners’ insurance policies…..What remains is likely to be an international liability pool, where reactor operators insure each other against claims in situations like this one. How deep that liability extends is unknown, however — Japan is not a party to major international conventions limiting the nuclear liability of operators.

Insurance industry likely spared Japan nuclear threat | Reuters, 13 March 11, “……….most experts agree the growing threat of disaster from damaged nuclear reactors is unlikely to have much effect on the mainstream insurance business because of the way insurance for the nuclear power industry is structured. Continue reading →

March 13, 2011 Posted by | business and costs, Japan | Leave a comment

Rising revenues from renewable energy in USA

In 2015, the report asserts that projections will grow to US$87.3bn, capturing 21.8pc with a 7.7pc compound annual growth rate (CAGR) for revenues from renewable electricity generation…..

2010 revenues generated by renewable energy – US$60.2bn in the US, siliconrepublic.com, Carmel Doyle, 10 March 11,  “…..With renewable energy projected to increase by 40.4pc between now and 2015 in the US, Continue reading →

March 11, 2011 Posted by | business and costs, renewable, USA | Leave a comment

« Previous Entries     Next Entries »